FL ARCHIVED December 2017 | Page 66

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

City : Venice

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
$ 299,000
2 %
5 %
Average List Price of all Current Listings
$ 367,822
2 %
4 %
December Median Sales Price
$ 264,600
-1%
3 %
12 %
13 %
$ 249,147
6 %
6 %
December Average Sales Price
$ 291,215
3 %
3 %
6 %
11 %
$ 277,642
6 %
6 %
Total Properties Currently for Sale ( Inventory )
797
1 %
-7%
December Number of Properties Sold
206
12 %
-6%
2,604
3 %
December Average Days on Market ( Solds )
66
10 %
0 %
5 %
10 %
70
17 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 190
-1%
3 %
4 %
9 %
$ 181
5 %
4 %
December Sold Price per Square Foot
$ 172
5 %
3 %
8 %
8 %
$ 167
4 %
4 %
December Month ' s Supply of Inventory
3.9 -10%
-3%
-1%
5 %
3.9
7 %
7 %
December Sale Price vs List Price Ratio
94.4 %
-. 9 %
-. 5 %
-. 8 %
-. 3 %
94.3 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
December Property sales were 206 , down 5.9 % from 219 in
December of 2016 and 12.0 % higher than the 184 sales last
300
Property month . December Sales 2017 sales were at a mid level compared to
350
December Property of 2016 sales and were 2015 . 206 December , down 5.9 YTD % from sales 219 of in 2,604 are
250
December running 2.7 of 2016 % ahead and of 12.0 last % higher year ' s year-to-date than the 184 sales last of 2,536 . month . December 2017 sales were at a mid level compared to
300
200
December of 2016 and 2015 . December YTD sales of 2,604 are
250
running 2.7 % ahead of last year ' s year-to-date sales of 2,536 .
200
150
100
150
50
100
Number of Properties Sold
50
0
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 N D
0
15
16
17
Prices
The Median Sales Price in December was $ 264,600 , up 12.1 %
J
F M A M J
15
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
3 Mo Avg
Prices from $ 236,000 in December of 2016 and down 1.0 % from
The
$ 267,245 Median last Sales month Price . in The December Average was Sales $ 264,600 Price in , up December 12.1 % was from
$ 291,215 $ 236,000 , up 6.3 in % December from $ 273,882 of 2016 in and December down 1.0 % of from 2016 and up
290
290
270
Median Sales Price and Average Sales Price
3 Mo Avg
$
3.3 267,245 % from last $ month 281,837 . The last Average month . Sales December Price in 2017 December ASP was was at the
$ 291,215 , up 6.3 % from $ 273,882 in December of 2016 and up
270 highest level compared to December of 2016 and 2015 .
3.3 % from $ 281,837 last month . December 2017 ASP was at the
250
250
230
highest level compared to December of 2016 and 2015 .
230
210
210
190
190 170

Venice

139 174
139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 257 295 252 197 235 162 195 184 206
170
150
150
J
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 N D
15
16
17
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 N D
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 797 of , up Properties 0.9 % from available 790 last for month sale as and of down
December
6.7 % from was 854 797 in , up December 0.9 % from of last 790 year last month . December and down 2017
1,200
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
6.7
Inventory % from 854 was in at December a mid level of last compared year . December with December 2017 of
20161,000
Inventory and 2015 was . at a mid level compared with December of 2016 and 2015 .
800
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The December 2017 MSI of 3.9 higher months MSI was is better at a mid for level buyers compared . The December with December 2017 MSI of of 2016 3.9
200 months and 2015 was . at a mid level compared with December of 2016 and 2015 .
0
6.0
800
5.0
600
4.0
400
3.0
200
2.0
1.0
0
0.0
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 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 S O N D
15
16
17
15
16
17
5.0
4.0
3.0
2.0
1.0
0.0
749 742 742 689 642
Agent Name
265
Title Phone Website Other

Community Information | School District

749 742
291
742
689 278 242
642
565 266 214 195
550 499 503
191
565 550 499 503 524 595 617
165
723 793
524 595
Number of Properties Sold
197 160 158 236 251 251 233
846 770 750 724 695 694 690
617
723 793 846 770 750 724
220
695 694
754
818 206 207
854 957
690
754 206 189
974 968
818
854 219 148 187
957 974 968 286 257
849
818 295 252
799 747
849 818 799 747 689 688 743 790
3 Mo Avg
197 235
797
689 688
162
3 Mo Avg
195 184
743 790 797
206
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
66 | c o l d w e l l b a n k e r h o m e s . c o m
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 Assoc 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 .