FL ARCHIVED July 2017 | Page 59

Market Action Report
July 2017
City: Cape Coral
CAPE
CORAL
Market Action
Report
Agent Name
July 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 9%
$1,495,000
7%
City: Cape Coral
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
YTD
Trending versus*:
Prior YTD Prior Year
Trending versus*:
$1,783,081 5% Trending versus*:
8%
Month -12%
LM L3M
PYM -2%
LY
YTD
Prior
$1,212,500
-7% -36%
$1,250,000
4% YTD Prior
1% Year
$1,495,000
9% -16% -36%
7% -15% $1,391,957
$1,212,500 -12%
7%
-3%
$1,783,081
5%
8%
59 -8%
-14%
$1,212,500 2 -12%
-7%
-36%
4%
1%
-50%
100% -2% $1,250,000
23
35%
July
Average
Sales
Price
$1,212,500
-12%
-16%
-36%
-15%
$1,391,957
7%
-3%
July Average Days on Market (Solds)
87 -65% -54% -34% -46%
131 -21%
-18%
Total
Properties
for Sale
(Inventory)
59 -8%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$384
0% 11% -14%
-3% -1%
$371
-4%
-4%
July
of Properties
23
35%
July Number
Sold Price
per Square Sold
Foot
$403 2 -50%
21% 13% 100%
-24% 17%
$349
6%
2%
July
on of
Market
(Solds)
87 -65%
131 -42%
-21%
-18%
July Average
Month's Days
Supply
Inventory
29.5
84% -54%
9% -34%
-57% -46%
-23%
25.1
-35%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$384 16.0%
0% 5.6%
11% 22.5%
-3% 4.3%
-1%
$371
-4%
-4%
July Sale
Price
List Price
90.4%
87.4%
5%
1%
July
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date $403 21% 13% -24% 17%
$349
6%
2%
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
July Month's Supply of Inventory
29.5 84% 9% -57%
-23%
25.1
-42%
-35%
Number of Properties Sold
July
Sale Price
vs List Price Ratio
90.4% 16.0% 5.6% 22.5% 4.3%
87.4%
5%
1%
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
7
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
July Property sales were 2, up 100.0% from 1 in July of 2016
and 50.0% lower than the 4 sales last month. July 2017 sales
6
were at a mid level compared to July of 2016 and 2015. July
Property
Sales
7 5
YTD sales of
23 are running 35.3% ahead of last year's year-to-
July
sales were 2, up 100.0% from 1 in July of 2016
date Property
sales of 17.
and 50.0% lower than the 4 sales last month. July 2017 sales
6 4
were at a mid level compared to July of 2 016 and 2015. July
5 3
YTD sales of 23 are running 35.3% ahead of last year's year-to-
date sales of 17.
3 Mo Avg
Number of Properties Sold
3 Mo Avg
4 2
2
Median Sales Price and Average Sales Price
3 Mo Avg
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
2,200
14
15
16
17
2,000
Median Sales Price and Average Sales Price
3 Mo Avg
1,800
2,200
1,600
2,000
1,400
1,800
1,200
1,600
1,000
1,400
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
1,200
Inventory & MSI
0
Prices
The Median Sales Price in July was $1,212,500, down 36.2%
from $1,900,000 in July of 2016 and down 11.8% from
$1,375,000 last month. The Average Sales Price in July was
Prices
$1,212,500, down 36.2% from $1,900,000 in July of 2016 and
The
Median
in July last
was month.
$1,212,500,
down ASP
36.2%
down
12.1% Sales
from Price
$1,379,500
July 2017
was at
from
$1,900,000
in July of to
2016
down and
11.8%
from
the lowest
level compared
July and
of 2016
2015.
$1,375,000 last month. The Average Sales Price in July was
$1,212,500, down 36.2% from $1,900,000 in July of 2016 and
down 12.1% from $1,379,500 last month. July 2017 ASP was at
the lowest level compared to July of 2016 and 2015.
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
1
2 0
3 1
1,000
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
90
90.0
80
80.0
70
70.0
Total Inventory & Month's Supply of Inventory (MSI)
60
60.0
90
90.0
50
50.0
80
80.0
40
40.0
70
70.0
30
30.0
60
60.0
20
20.0
50.0
50
10
10.0
40.0
40 0
0.0
A comparatively lower MSI is more beneficial for sellers while a 30 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 30.0
20.0
20 14
15
16
17
higher MSI is better for buyers. The July 2017 MSI of 29.5
10.0
months was at a mid level compared with July of 2016 and 2015. 10
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | 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 59, down 7.8% from 64 last month and down 14.5% from 69
in July of last year. July 2017 Inventory was at its lowest level
Inventory
& MSI
compared with
July of 2016 and 2015.
The Total Inventory of Properties available for sale as of July
was 59, down 7.8% from 64 last month and down 14.5% from 69
in July of last year. July 2017 Inventory was at its lowest 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 29.5
months was at a mid level compared with July of 2016 and 2015.
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 | 59
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.