FL ARCHIVED March 2017 | Page 145

Market Action Report March 2017
Community Information | School District
Market Action Report March 2017

City : Merritt Island

Price Range : All | Properties : SFH - Con
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
$ 395,000
-1%
16 %
Average List Price of all Current Listings
$ 594,723
2 %
29 %
March Median Sales Price
$ 305,000
33 %
17 %
33 %
28 %
$ 247,900
18 %
4 %
March Average Sales Price
$ 337,171
20 %
11 %
25 %
23 %
$ 300,787
18 %
10 %
Total Properties Currently for Sale ( Inventory )
269
9 %
-8%
March Number of Properties Sold
85
33 %
-2%
207
-5%
March Average Days on Market ( Solds )
59 -17% -5%
48 %
2 %
61
-6%
5 %
Asking Price per Square Foot ( based on New Listings )
$ 178
0 %
4 %
17 %
13 %
$ 174
16 %
11 %
March Sold Price per Square Foot
$ 155
15 %
5 %
21 %
15 %
$ 148
19 %
10 %
March Month ' s Supply of Inventory
3.2 -18% -17% -6%
-12%
3.8
-16%
6 %
March Sale Price vs List Price Ratio
94.1 %
1.2 %
. 5 % -1.9%
. 2 %
94.1 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
March Property sales were 85 , down 2.3 % from 87 in March of
2016 and 32.8 % higher than the 64 sales last month . March
Property
2017 sales Sales were at a mid level compared to March of 2016 and
120
100
March
2015 . Property March YTD sales sales were of 85207 , down are 2.3 running % from 4.6 87 % in behind March of last
2016 year and ' s year-to-date 32.8 % higher sales than of the 21764 . sales last month . March
2017 sales were at a mid level compared to March of 2016 and
100
80
2015 . March YTD sales of 207 are running 4.6 % behind last year ' s year-to-date sales of 217 .
80
60
60
40

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

40 20
Number of Properties Sold
95 85 82 92 76 78 94 58 75 61 52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64 85
437
95 85 82 92 76 78 94 58 75 61
Number of Properties Sold
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 $ 305,000 , up 32.6 % from
Prices
$ 230,000 in March of 2016 and up 32.6 % from $ 230,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 305,000 was , up $ 337,171 32.6 % from , up
350
$
24.8 230,000 % from in March $ 270,094 of 2016 in March and up of 32.6 2016 % from and up $ 230,000 20.3 % from last month . The Average Sales Price in March $ 337,171 , up
330
$ 280,186 last month . March 2017 ASP was at the highest level
24.8 % from $ 270,094 in March of 2016 and up 20.3 % from
310 compared to March of 2016 and 2015 .
$ 280,186 last month . March 2017 ASP was at the highest level
290 compared to March of 2016 and 2015 .
270
250
230
210
190
170
150
A
M J
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
14
15
16
17
3 Mo Avg
350
Median Sales Price and Average Sales Price
330
3 Mo Avg
310
290
270
250
230
210
190
170
150
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
M
14 J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
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 March
The was Total 269 , Inventory up 8.9 % from of Properties 247 last available month and for sale down as 8.2 of % March from 293 was in March 269 , up of 8.9 last % from year . 247 March last month 2017 Inventory and down was 8.2 % at from its lowest 293
500 in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was . at its lowest
400 level compared with March of 2016 and 2015 .
300
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
5.0
8.0
7.0
6.0
5.0
4.0
A comparatively lower MSI is more beneficial for sellers while
200 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial March for 2017 sellers MSI while of 3.2 a higher months MSI was is better at its lowest for buyers level . The compared March 2017 with March MSI of 3.2 of 2016 and
100 months
2015 . was at its lowest level compared with March of 2016 and
2015 .
0
200
4.0
3.0
100
2.0
1.0
0
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
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
14
15
16
17
14
15
16
17
3.0
2.0
1.0
0.0
419
340 437
326 419
331 340
316 326
301 331
330 316
320 301 363
330 388 320 375
363 364
388
382 375
342 364
345 382
320 287
342
293 345
306 320
316 287
314 293
298 306
293 316
52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 92
3 Mo Avg
69 71
288 314
271 298
292 293
288 288
262 271 255 292
250 288
255 262
263 255
255 250
247 255
269 263
64 255
3 Mo Avg
58
247 64
269
85
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con 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 .
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