FL ARCHIVED April 2018 | Page 20

Market Action Report
April 2018
City: New Port
Richey
NEW
PORT
RICHEY
Agent Name
3 Mo Avg
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
300
Trending versus*:
$1,937,016 -1% Trending versus*:
-1%
Month
LM
PYM -4%
LY
YTD
Prior
YTD Prior
Year
$1,299,500
0% L3M
-2% -17%
$1,327,500
-5%
-2%
$1,494,500
-0% -11% -28%
-4% -12% $1,594,685
$1,424,901 -16%
-7%
-1%
$1,937,016
-1%
479 -1%
-0%
-5%
$1,299,500
0%
-2%
-17%
-5%
-2%
46 -12%
31% -4% $1,327,500
161
20%
April
Average
Sales
Price
$1,424,901
-16%
-11%
-28%
-12%
$1,594,685
-7%
-1%
April Average Days on Market (Solds)
101 -38% -28% -15% -34%
140
9%
-8%
Total
Properties
Currently
for
Sale
(Inventory)
479
-0%
-5%
Asking Price per Square Foot (based on New Listings)
$493 6% 3% -16% 2%
$478
-6%
-1%
April
of Properties
46 -12%
31% -8%
161
20%
April Number
Sold Price
per Square Sold
Foot
$415
-3% -5% -12%
$435
-9%
-4%
April
on of
Market
(Solds)
101 -38%
140 -19%
9%
-8%
April Average
Month's Days
Supply
Inventory
10.4
13% -28%
-11% -15%
-28% -34%
-27%
12.5
-13%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$493
6%
3%
-16%
2%
$478
-6%
-1%
April Sale Price vs List Price Ratio
89.9% -1.3% .1% -.8% -1.2%
89.8%
-2%
-1%
April
Sold
per 3 Months
Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $415 -3% -5% -12% -8%
$435
-9%
-4%
* LM=Last
Month Price
/ L3M=Last
/ PYM=Same
April Month's Supply of Inventory
10.4 13% -11% -28%
-27%
12.5
-19%
-13%
Number of Properties Sold
April
Sale Price
vs List Price Ratio
89.9% -1.3% .1% -.8% -1.2%
89.8%
-2%
-1%
Property
Sales
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
Inventory / New Listings / Sales
8
7
6
5
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The
graph shows the basic annual seasonality of the market as well
as the relationship between these items. The number of New
Listings in April 2018 was 3, up 50.0% from 2 last month and up
from 0 in April of last year.
4
3
2
1
0
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Median Sales Price and Average Sales Price
1,700
2,000
1,600
1,900
3 Mo Avg
3 Mo Avg
1,500
1,800
1,400
1,700
1,300
1,600
1,200
1,500
1,200
The Total Inventory of Properties available for sale as of April
was 479, down 0.4% from 481 last month and down 5.0% from
504 in April of last year. April 2018 Inventory was at a mid level
Inventory
& MSI
compared with
April of 2017 and 2016.
The Total Inventory of Properties available for sale as of April
was 479, down 0.4% from 481 last month and down 5.0% from
504 in April of last year. April 2018 Inventory was at a mid level
A comparatively
lower
MSI is
more
beneficial for sellers while a
compared
with April
of 2017
and
2016.
higher MSI is better for buyers. The April 2018 MSI of 10.4
months was at its lowest level compared with April of 2017 and
2016.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The April 2018 MSI of 10.4
months was at its lowest level compared with April of 2017 and
2016.
1,800
1,300
Inventory & MSI
Median Sales Price and Average Sales Price
2,000 M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
1,900
1,100
1,400
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
15
16
17
18
Inventory / New Listings / Sales
0
Prices
The Median Sales Price in April was $1,299,500, down 17.5%
from $1,575,000 in April of 2017 and up 0.2% from $1,296,700
last month. The Average Sales Price in April was $1,424,901,
Prices
down 27.9% from $1,977,543 in April of 2017 and down 15.9%
The
Median
Sales last
Price
in April April
was 2018
$1,299,500,
17.5%
from
$1,694,352
month.
ASP was down
at the
lowest
from
in April
April of
of 2017
2017 and
and 2016.
up 0.2% from $1,296,700
level $1,575,000
compared to
last month. The Average Sales Price in April was $1,424,901,
down 27.9% from $1,977,543 in April of 2017 and down 15.9%
from $1,694,352 last month. April 2018 ASP was at the lowest
level compared to April of 2017 and 2016.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
Selling Price versus Listing Price