FL ARCHIVED March 2017 | Page 11

Market Action Report March 2017
Phone Community Information | School District

City : Brandon

Price Range : All | Properties : SFH - Con

Brandon

Agent Name
Market Action Report March 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
$ 244,950
6 %
9 %
Average List Price of all Current Listings
$ 301,976
7 %
17 %
March Median Sales Price
$ 208,000
11 %
6 %
19 %
13 %
$ 198,900
16 %
8 %
March Average Sales Price
$ 230,361
4 %
4 %
16 %
15 %
$ 223,030
18 %
11 %
Total Properties Currently for Sale ( Inventory )
164 -13%
-28%
March Number of Properties Sold
111
18 %
5 %
280
8 %
March Average Days on Market ( Solds )
51
19 %
2 %
-18%
-4%
48
-27%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 120
2 %
2 %
9 %
7 %
$ 117
9 %
4 %
March Sold Price per Square Foot
$ 117
2 %
3 %
11 %
10 %
$ 115
13 %
7 %
March Month ' s Supply of Inventory
1.5 -27% -29% -31% -38%
2.1
-26%
-13%
March Sale Price vs List Price Ratio
96.2 % -1.8% -. 8 % -. 3 %
-. 2 %
96.9 %
2 %
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
140
March Property sales were 111 , up 4.7 % from 106 in March of
2016 and 18.1 % higher than the 94 sales last month . March
120
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to March of 2016
140
March and 2015 Property . March sales YTD were sales 111 , of up 280 4.7 % are from running 106 7.7 March % ahead of of
100
2016 last and year 18.1 ' s year-to-date % higher than sales the of 94260 sales . last month . March
2017 sales were at their highest level compared to March of 2016
120
80
and 2015 . March YTD sales of 280 are running 7.7 % ahead of
100
last year ' s year-to-date sales of 260 .
60
80
40
60
40
20
20
0
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
0
14
15
16
17
Prices
The Median Sales Price in March was $ 208,000 , up 18.9 % from
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 M
Median Sales Price and Average Sales Price
15
16
17
3 Mo Avg
Prices
$ 174,950 in March of 2016 and up 11.3 % from $ 186,950 last
The month Median . The Sales Average Price Sales in March Price was in $ March 208,000 was , up $ 230,361 18.9 % from , up
$
16.4 174,950 % from in March $ 197,881 of 2016 in March and up of 11.3 2016 % from and $ up 186,950 4.1 % from last
240
240
220
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 221,348 . The last Average month Sales . March Price 2017 in March ASP was $ at 230,361 the highest , up level
16.4 % from $ 197,881 in March of 2016 and up 4.1 % from
220 compared to March of 2016 and 2015 .
$ 221,348 last month . March 2017 ASP was at the highest level
200
200
180
compared to March of 2016 and 2015 .
180
160
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of March The was Total 164 , Inventory down 13.2 of % Properties from 189 available last month for and sale down as of March 27.8 % from was 227164 in , March down 13.2 of last % from year 189 . March last month 2017 Inventory and down 27.8 was % at from its 400 227 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at its . 350 lowest level compared with March of 2016 and 2015 .
300 250
200 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
March for 2017 sellers MSI while of 1.5 a higher MSI is better for buyers . The March 2017 MSI of 1.5
100 months was at its lowest level compared with March of 2016 and months was at its lowest level compared with March of 2016 and 50 2015 . 2015 .
0
160 140 120 100
91 90 92 89 103 91 87 97 108 72 91 105 105 80 110 126 99 90 91 82 101 65 89 106 99 113 98 98 109 98 87 110 93 75 94 111
140 120 100
A 14
400 350 300 250 200
334
150 100 50 0
91 90 92
Title
Website Other
89 103 91 87
M
14 J
J
A S O N D
J
15
F M15A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
328
328 334
350 328
328 376
379 350 338 343 346 338
97
A M J J A S O N D J 14
14
15
108 72 91 105 105 80 110 126 99 90
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
F M
17
376 379
343 346
292 288 288 292 314 288
291
288 280 300
314
272 291
268 280
273 300
262 272
265 268
242 273
225 262
227 265
214 242
221 225 215
227 231 214 231 221 235 215 230
231 223
231
210 204
235
189 230 223
164
4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
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 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
15 16
16 17
17
91 82 101 65 89 106 99 113 98 98 109 98 87 110 210
93 204
75
189 94
164 111
4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con c o l d w e l l b a n k e r h o m e s . c o m | 11
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 Asso
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 .