FL ARCHIVED March 2017 | Page 92

Market Action Report March 2017 Agent Name
Phone Community Information Website | School District Other
Market Action Report March 2017 Agent Name

Fort City : Fort Lauderdale / Fort Lauderdale Beach Title

Phone Community Information Website | School District Other

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
$ 475,000
1 %
12 %
Average List Price of all Current Listings
$ 1,090,189
1 %
16 %
March Median Sales Price
$ 270,000
-4%
-4%
4 %
-4%
$ 270,000
4 %
-4%
March Average Sales Price
$ 481,434
-1%
0 %
2 %
4 %
$ 471,297
2 %
2 %
Total Properties Currently for Sale ( Inventory )
2,353
1 %
-13%
March Number of Properties Sold
341
50 %
-6%
808
-9%
March Average Days on Market ( Solds )
94
8 %
3 %
-9%
-12%
92
-7%
-14%
Asking Price per Square Foot ( based on New Listings )
$ 333
-3%
2 %
5 %
7 %
$ 329
5 %
6 %
March Sold Price per Square Foot
$ 256
-2%
-1%
5 %
4 %
$ 255
5 %
3 %
March Month ' s Supply of Inventory
6.9 -33% -23% -7%
-15%
9.0
-1%
11 %
March Sale Price vs List Price Ratio
93.7 % -1.1% -. 1 % -. 3 %
-. 4 %
93.8 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Number of Properties Sold
Property Sales
450
March Property sales were 341 , down 5.8 % from 362 in March of 2016 and 49.6 % higher than the 228 sales last month . March
400
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their lowest level compared to March of 2016
450
350
March and 2015 Property . March sales YTD were sales 341 , of down 8085.8 are % running from 3629.3 in % March behind last of 2016 and 49.6 % higher than the 228 sales last month . March
400 year ' s year-to-date sales of 891 .
300
2017 sales were at their lowest level compared to March of 2016
350
250
and 2015 . March YTD sales of 808 are running 9.3 % behind last year ' s year-to-date sales of 891 .
300
200
250
150
200
100
150
50
100
0
50
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 $ 270,000 , up 3.8 % from
Prices
$ 260,000 in March of 2016 and down 4.1 % from $ 281,500 last
The month Median . The Sales Average Price Sales in March Price was in $ March 270,000 was , up $ 481,434 3.8 % from , up
600
$
1.5 260,000 % from in $ March 474,223 of 2016 in March and down of 2016 4.1 and % from down $ 281,500 1.1 % from last month
$ 486,562 . The last Average month Sales . March Price 2017 in March ASP was $ at 481,434 the highest , up level
550
1.5 compared % from $ 474,223 to March in of March 2016 of and 2016 2015 and . down 1.1 % from
500
A
M J
14
600
550
500
450
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
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ 486,562 last month . March 2017 ASP was at the highest level compared to March of 2016 and 2015 .
450
400
400
350
350
300
300
250
342 356 354 319 272 306
342 356 354 319 272 306 273 236 343 242 254 373 347 361 370 394 315 354 305 257 348 239 290 362 337 345 359 297 303 331 267 278 302 239 228 341
250
200
200
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 2,353 Inventory , up 0.7 % of from Properties 2,336 available last month for and sale down as of March 12.8 % from
3,000 was
2,698 2,353 in , March up 0.7 % of from last year 2,336 . March last month 2017 and Inventory down 12.8 was % from at its
3,000
2,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
2,698 lowest in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was at . its lowest level compared with March of 2016 and 2015 .
2,500
2,000
10.0
8.0
2,000
1,500
8.0
6.0
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0 higher MSI is better for buyers . The March 2017 MSI of 6.9 higher months MSI was is better at a mid for level buyers compared . The March with 2017 March MSI of of 2016 6.9
500 and
500
2.0 months
2015 . was at a mid level compared with March of 2016 and
0
2015 .
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
4.0
2.0
0.0
273 236
2,269 2,232 2,225 2,237 2,239 2,314 2,396 2,396
343
2,269 2,232 2,225 2,237 2,239 2,314 2,396 2,396 2,344 2,522 2,597 2,459 2,439 2,368 2,320 2,309 2,256 2,231 2,322 2,360 2,307
2,479
242 254 373 347 361 370 394 315 354
2,344 2,522 2,597 2,459 2,439 2,368 2,320 2,309 2,256 2,231 2,322 305 257 348 239 290
2,718 2,698 2,701 2,637 2,565
2,360 2,307
362 337 345 359 297 303 331
2,479 2,718 2,698 2,701 2,637 2,565 2,482 2,415 2,280 2,289 2,298
267
2,482 2,415 2,280 2,289 2,298 2,234 2,363 2,336 2,353
278 302 239
2,234 2,363 2,336 2,353
3 Mo Avg
228
341
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
92 | c o l d w e l l b a n k e r h o m e s . c o m
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 .