FL ARCHIVED February 2017 | Page 13

Market Action Report February 2017
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City : Plant City

Price Range : All | Properties : SFH - Con

Plant Agent City Name

Market Action Report February 2017

Phone Community Information | School District

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
$ 249,438
13 %
29 %
Average List Price of all Current Listings
$ 302,475
9 %
41 %
February Median Sales Price
$ 207,495
19 %
8 %
30 %
22 %
$ 199,990
35 %
18 %
February Average Sales Price
$ 201,665
6 %
4 %
19 %
11 %
$ 195,723
20 %
8 %
Total Properties Currently for Sale ( Inventory )
156
-5%
-17%
February Number of Properties Sold
58
-2%
23 %
117
16 %
February Average Days on Market ( Solds )
44 -21% -15% -46% -23%
50
-33%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 123
9 %
9 %
24 %
15 %
$ 118
22 %
10 %
February Sold Price per Square Foot
$ 104
6 %
1 %
12 %
6 %
$ 101
11 %
3 %
February Month ' s Supply of Inventory
2.7
-4%
0 %
-33%
-4%
2.7
-27%
-2%
February Sale Price vs List Price Ratio
96.0 %
1.4 % -. 3 % -1.0% -. 2 %
95.3 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Number of Properties Sold
3 Mo Avg
Property Sales
100
February Property sales were 58 , up 23.4 % from 47 in February of 2016 and 1.7 % lower than the 59 sales last month . February
90
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to February of
100
80
February
2016 and Property 2015 . February sales were YTD 58 , up sales 23.4 of % 117 from are 47 running February 15.8 % of ahead 2016 and of last 1.7 % year lower ' s year-to-date than the 59 sales last of 101 month . . February
2017 sales were at their highest level compared to February of
90
80
70
60
2016 and 2015 . February YTD sales of 117 are running 15.8 %
70
50
ahead of last year ' s year-to-date sales of 101 .
60
40
50
30
40
20
30
10
20
0
10
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 207,495 , up 29.7 %
M
A M J
14
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
Median Sales Price and Average Sales Price
15
16
17
3 Mo Avg
Prices from $ 160,000 in February of 2016 and up 19.3 % from
The
$ 174,000 Median last Sales month Price . in The February Average was Sales $ 207,495 Price , in up February 29.7 % was from
$ 201,665 $ 160,000 , up 19.2 in February % from of $ 169,196 2016 and in up February 19.3 % from of 2016 and up
240
240
220
Median Sales Price and Average Sales Price
3 Mo Avg
$
6.2 174,000 % from last $ month 189,881 . The last Average month . Sales February Price 2017 in February ASP was was at the
$ 201,665 , up 19.2 % from $ 169,196 in February of 2016 and up
220 highest level compared to February of 2016 and 2015 .
6.2 % from $ 189,881 last month . February 2017 ASP was at the
200
200
180
highest level compared to February of 2016 and 2015 .
180
160
160
140
45 64 64 69 65 74 54 61 50 62 42 57 85 80 69 86 73 64 73 83 47 86 54 47 75 89 74 60 74 73 61 81 66 64 59 58
140 120
120
100
100
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
M
A
14 M J
J
A S O N D
J
F M15A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F
17
14
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
February Total Inventory was 156 , of down Properties 5.5 % from available 165 last for sale month as of and down
February
17.0 % from was 188 156 , in down February 5.5 % from of last 165 year last . month February and 2017 down
350
350
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
17.0
Inventory % from 188 was in at February its lowest of level last year compared . February with 2017 February of
Inventory
2016 and was 2015 at . its lowest level compared with February of
2016 and 2015 .
300
250
200
250
200
150
6.0
5.0
4.0
A comparatively lower MSI is more beneficial for sellers while
150 a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
February for sellers
2017 MSI while of a
2.7100 higher MSI is better for buyers . The February 2017 MSI of 2.7 months was at its lowest level compared with February of 2016 months was at its lowest level compared with February of 2016
50 and 2015 . and 2015 .
0
3.0
100
2.0
50
1.0
0
0.0
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 J
F
14
14
15
15
16
16
17
17
297 287
45 297
281 64 64
Title
Website Other
69 65 74 54 61 50 62 42 57 85 80 69 86 73
282 287
290 281
288 282
289 290 279 288
283 289
289 279
271 283
265 289
249
271 270
265
243 256
249
268 270
248 243
236 256
239 268
233 248 64 236 190
73 239 192
83 233
188 47 86 54 47 75 89 74 60 74 73 61 81
176 190
171 192 185
188 186 176 198 171 206 185
180 186
181 198
188 164
206
165 180
156 181 188
66 164
64
165 59
156 58
F
7.0 6.0 5.0
4.0 3.0 2.0 1.0 0.0
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