FL ARCHIVED July 2017 | Page 51

Market Action Report
City: Marco Island ISLAND
MARCO
Market Action Report
July 2017
Agent Name
July 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other -3%
$1,549,000
-9%
City: Marco Island
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
$2,169,385 -3% Trending versus*:
-7%
Month -5%
LM L3M
PYM 0%
LY
YTD
Prior
YTD Prior
Year
$1,420,000
3% -24%
$1,350,000
-7%
-5%
$1,549,000
-9% -10% $1,617,051
$1,597,143 -3%
-8% -5% -16%
-7%
-9%
$2,169,385
-7%
204 -3%
-1%
-8%
$1,420,000 7 -46%
-5% 3% -24%
-7%
-5%
-13% 0% $1,350,000
106
28%
July
Average
Sales
Price
$1,597,143
-8%
-5%
-16%
-10%
$1,617,051
-7%
-9%
July Average Days on Market (Solds)
143 24% 1% 19% -31%
175
-2%
-16%
Total
Properties
Currently
for
Sale
(Inventory)
204
-1%
-8%
Asking Price per Square Foot (based on New Listings)
$562 0% -2% 5% -1%
$550
-5%
-4%
July
of Properties
106
28%
July Number
Sold Price
per Square Sold
Foot
$494 7 -46%
5% 2% -13%
-11% -2%
$491
-2%
-3%
July
on of
Market
(Solds)
143 24%
1% 19%
175 -32%
-2%
-16%
July Average
Month's Days
Supply
Inventory
29.1
83% 47%
5% -31%
15%
16.7
-34%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$562 -2.1%
0% -1.3%
-2% .7%
5% -1%
$550
-5%
-4%
July Sale
Price
List Price
86.9%
.4%
88.4%
2%
2%
July
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date $494 5%
2% -11% -2%
$491
-2%
-3%
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
July Month's Supply of Inventory
29.1 83% 47% 5%
15% of Properties
16.7 Sold
-32%
-34%
Number
July
Sale Price
vs List Price Ratio
86.9% -2.1% -1.3% .7% .4%
88.4%
2%
2%
Property
Sales
Average List Price of all Current Listings
Market
Profile
& Price
Trends Overview
July Median
Sales
Median List Price of all Current Listings
July Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
July
Median Sales Price
July Number of Properties Sold
25
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
July Property sales were 7, down 12.5% from 8 in July of 2016
and 46.2% lower than the 13 sales last month. July 2017 sales
20
were at their lowest level compared to July of 2016 and 2015.
Property
Sales
July YTD s ales
of 106 are running 27.7% ahead of last year's year- 25
July
Property
sales
to-date
sales of
83. were 7, down 12.5% from 8 in July of 2016
15
and 46.2% lower than the 13 sales last month. July 2017 sales
20
were at their lowest level compared to July of 2016 and 2015.
3 Mo Avg
Number of Properties Sold
3 Mo Avg
July YTD sales of 106 are running 27.7% ahead of last year's year- 10
to-date sales of 83.
15
Median Sales Price and Average Sales Price
10
8
0
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 M J J
14
15
16
17
0 5
Prices
The Median Sales Price in July was $1,420,000, down 23.8%
from $1,862,500 in July of 2016 and down 5.3% from
$1,500,000 last month. The Average Sales Price in July was
Prices
$1,597,143, down 16.1% from $1,904,375 in July of 2016 and
The
Median
Price in July last
was month.
$1,420,000,
down
23.8%
down
8.2% Sales
from $1,739,808
July 2017
ASP
was at a
from
in July
of 2016
and and
down
5.3% from
mid $1,862,500
range compared
to July
of 2016
2015.
$1,500,000 last month. The Average Sales Price in July was
$1,597,143, down 16.1% from $1,904,375 in July of 2016 and
down 8.2% from $1,739,808 last month. July 2017 ASP was at a
mid range compared to July of 2016 and 2015.
5
10
3 Mo Avg
2,600 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 M J J
14
15
16
17
2,400
2,200
2,600
2,000
Median Sales Price and Average Sales Price
3 Mo Avg
2,400
1,800
2,200
1,600
2,000
1,400
1,800
1,200
1,600
1,000
1,400
1,200
1,000
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors |
Total Inventory & Month's Supply of Inventory (MSI)
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 M J J
14
15
16
17
300
180.0
160.0
250
140.0
Total Inventory & Month's Supply of Inventory (MSI)
200
120.0
180.0
300
100.0
150
160.0
80.0
250
140.0
100
60.0
200
120.0
40.0
50
100.0
20.0
150
80.0
0
0.0
100 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 M J J 60.0
40.0
14
15
16
17
50
20.0
0.0
0
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 M J J
Price Range: $1,000,000 and Up | Property Types: SFH - Con
14
15
16
17
The Total Inventory of Properties available for sale as of July
was 204, down 1.4% from 207 last month and down 7.7% from
221 in July of last year. July 2017 Inventory was at a mid level
Inventory
& MSI
compared with
July of 2016 and 2015.
The Total Inventory of Properties available for sale as of July
was 204, down 1.4% from 207 last month and down 7.7% from
221 in July of last year. July 2017 Inventory was at a mid level
A comparatively
lower
MSI and
is more
beneficial for sellers while a
compared
with July
of 2016
2015.
higher MSI is better for buyers. The July 2017 MSI of 29.1
months was at its highest level compared with July of 2016 and
2015.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The July 2017 MSI of 29.1
months was at its highest level compared with July of 2016 and
2015.
Inventory & MSI
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 M J J
14
15
16
17
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 Association of REAL
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.
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Coldwell Banker Global Luxury SM | 51
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 Association of REA
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.