FL ARCHIVED August 2017 | Page 143

Market Action Report August 2017
Community Information | School District
Market Action Report August 2017

City : Palm Bay

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 210,000
5 %
17 %
Average List Price of all Current Listings
$ 228,759
5 %
22 %
August Median Sales Price
$ 160,000
-8%
-3%
9 %
12 %
$ 162,000
16 %
13 %
August Average Sales Price
$ 169,583
-5%
-1%
13 %
13 %
$ 166,817
13 %
11 %
Total Properties Currently for Sale ( Inventory )
448
-0%
1 %
August Number of Properties Sold
205
-5%
0 %
1,658
2 %
August Average Days on Market ( Solds )
34
10 % -13% -11% -21%
43
-4%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 113
-2%
0 %
13 %
14 %
$ 110
13 %
11 %
August Sold Price per Square Foot
$ 109
2 %
1 %
15 %
18 %
$ 104
16 %
13 %
August Month ' s Supply of Inventory
2.2
5 %
12 %
1 %
-8%
2.2
-1%
-5%
August Sale Price vs List Price Ratio
96.8 %
. 6 %
. 4 %
. 2 %
. 8 %
96.0 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
August Property sales were 205 , equal to 205 in August of 2016
and 5.1 % lower than the 216 sales last month . August 2017 sales
Property were at their Sales highest level compared to August of 2016 and
300
250
August
2015 . Property August YTD sales sales were of 205 1,658 , equal are to running 205 August 2.2 % ahead of 2016 of last and year 5.1 ' s % year-to-date lower than the sales 216 of sales 1,622 last . month . August 2017 sales
250 were at their highest level compared to August of 2016 and
200
2015 . August YTD sales of 1,658 are running 2.2 % ahead of last year ' s year-to-date sales of 1,622 .
200
150
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in August was $ 160,000 , up 8.8 % from
Prices $ 147,000 in August of 2016 and down 8.3 % from $ 174,450 last The month Median . The Sales Average Price Sales in August Price was in August $ 160,000 was , up $ 169,583 8.8 % from , up $ 13.0 147,000 % from in August $ 150,069 of 2016 in August and down of 2016 8.3 % and from down $ 174,450 4.7 % last from 190 month $ 177,876 . The last Average month Sales . August Price 2017 in August ASP was $ at 169,583 the highest , up level 13.0 % from $ 150,069 in August of 2016 and down 4.7 % from 170 compared to August of 2016 and 2015 . $ 177,876 last month . August 2017 ASP was at the highest level 150
compared to August of 2016 and 2015 . 130
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of August The was Total 448 , Inventory down 0.2 of % Properties from 449 last available month for and sale up as 0.9 of August % from was 444448 in , August down 0.2 of % last from year 449 . August last month 2017 and Inventory up 0.9 % was from at its 600 444 highest in August level of compared last year . with August August 2017 of Inventory 2016 and was 2015 at its . 500 highest level compared with August of 2016 and 2015 . 400
300 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 200 higher MSI is better for buyers . The August 2017 MSI of 2.2 higher months MSI was is better at a mid for level buyers compared . The August with 2017 August MSI of of 2016 2.2 and 100
months 2015 . was at a mid level compared with August of 2016 and
2015 .
0
100
50
0
110 90 70 50
50
0
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 M J
J
A
14
15
16
17
S
O N D
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
14
15
16
17
J
A
3 Mo Avg
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
110
90
70
50
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 M J
J
A
S
O
14 N D
J
F
15 M A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
A
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
500
5.0
4.0
400
4.0
3.0
300
3.0
200
2.0
2.0
100
1.0
1.0
0
0.0
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 M J
J
S
O N D J
F M A 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
14
15
16
17
14
15
16
17
A
0.0
198 195 166 202 127 169 211 239 209 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 202 157 152 234 185 240 269 216 205
553 542
198 553 545
195 542 540
166 545 563
202 540 509
127 563 463
169 211 239 209 217 216 197 223 183 146 215 152 163 217
444 509
432 463 432
444 450
432 437
432 421
450
441
437 451 421
437
441 490
451
451
458 437
435 490
417 451
428 458
431 435
444 417
462 428
474 431
444 504
475 462
476 474 466 504
454 475
436 476
408 466
434 454
449
436 448 408
211 219 267 188 205 191 178 177 202 157 152 234 185 240 434
269
449 216
448
205
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .
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