Market Action Report
December 2017
County: Pinellas
PINELLAS
COUNTY
Market Action Report
Agent Name
December 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 0%
$1,499,000
-5%
County: Pinellas
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Listings
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
$1,941,497 -2% Trending versus*:
1%
Month
LM
LY
YTD
Prior
$1,365,000
2% L3M
1% PYM
6% 5%
$1,350,000
4% YTD Prior
4% Year
$1,499,000
0%
-5%
$1,599,757 10% 3% -1% -3% $1,619,396
-1%
-2%
Average
List Price Currently
of all Current
Listings
$1,941,497
1%
Total Properties
for Sale
(Inventory)
465 -2%
-2%
-2%
December
Price
$1,365,000
2% 1% 41%
6% 5% $1,350,000
4%
4%
December Median
Number Sales
of Properties
Sold
31 55%
433
23%
December
$1,599,757
10% -12%
3% 10%
-1% 27%
-3% $1,619,396
-1%
-2%
December Average
Average Sales
Days Price
on Market (Solds)
170 -10%
151
12%
13%
Total
Properties
for Sale
(Inventory)
465 -2%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$482
5% 0% -2%
-2% 4%
$487
6%
5%
December
Number
of
Properties
Sold
31
55%
433
23%
December Sold Price per Square Foot
$470 9% 8% 41%
13% 8%
$452
6%
4%
December
on of
Market
(Solds)
170 -10%
10% 27%
151 -11%
12%
13%
December Average
Month's Days
Supply
Inventory
15.0
-37% -12%
-17% -31%
-6%
14.2
-11%
Asking
Price Sale
per Price
Square
(based
on New Listings)
$482 -3.7%
5% -.9%
0% -5.0%
-2% -1.3%
4%
$487
6%
5%
December
vs Foot
List Price
Ratio
89.5%
91.1%
1%
0%
* LM=Last Month Sold
/ L3M=Last
3 Months
December
Price
per / PYM=Same
Square Month
Foot Prior Year / LY=Last Year (2016) / YTD = Year-to-date
$470 9% 8% 13% 8%
$452
6%
4%
December Month's Supply of Inventory
15.0 -37% -17% -31%
-6%
14.2
-11%
-11%
Number of Properties Sold
December
Price vs List Price Ratio
89.5% -3.7% -.9% -5.0% -1.3%
91.1%
1%
0%
Property Sale
Sales
Average List Price of all Current Listings
Market
Profile
& Sales
Trends
Overview
December
Median
Price
Median
List
Price
of
all
Current
December Average Sales Price Listings
3 Mo Avg
22 31 32
80
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Property sales were 31, up 40.9% from 22 in
70
December of 2016 and 55.0% higher than the 20 sales last
3 Mo Avg
Number of Properties Sold
month. December 2017 sales were at their highest level
60
Property
Sales
compared to
December of 2016 and 2015. December YTD sales 80
December
31, of
up last
40.9%
from
22 in
of 433 are Property
running sales
23.4% were
ahead
year's
year-to-date
sales 50
70
December
of 351. of 2016 and 55.0% higher than the 20 sales last
40
month. December 2017 sales were at their highest level
60
compared to December of 2016 and 2015. December YTD sales
30
of 433 are running 23.4% ahead of last year's year-to-date sales 50
20
of 351.
40
10
30
0
20
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
16
17
10 15
Prices Median Sales Price and Average Sales Price
0
3 Mo Avg
2,000 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
1,900
Median Sales Price and Average Sales Price
1,800
3 Mo Avg
1,700
2,000
1,600
1,900
1,500
1,800
1,400
1,700
1,300
1,600
1,200
1,500
1,100
1,400
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
1,300
15
16
17
1,200
Inventory & MSI 1,100
The Total Inventory of Properties available for sale as of
December was 465, down 2.1% from 475 last month and down
2.1% from 475 in December of last year. December 2017
Inventory
& at
MSI
Inventory was
a mid level compared with December of 2016
and Total
2015. Inventory of Properties available for sale as of
The
December was 465, down 2.1% from 475 last month and down
2.1% from 475 in December of last year. December 2017
A comparatively
MSI compared
is more beneficial
for sellers
Inventory
was at a lower
mid level
with December
of while
2016 a
higher
MSI is better for buyers. The December 2017 MSI of 15.0
and
2015.
months was at its lowest level compared with December of 2016
and 2015.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The December 2017 MSI of 15.0
months was at its lowest level compared with December of 2016
and 2015.
600
500
400
600
300
500
200
400
100
300
0
200
100
Total Inventory & Month's Supply of Inventory (MSI)
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
25.0
The Median Sales Price in December was $1,365,000, up 6.0%
from $1,287,500 in December of 2016 and up 1.9% from
$1,340,000 last month. The Average Sales Price in December