FL ARCHIVED March 2018 | Page 22

Market Action Report
March 2018
County: Pinellas
PINELLAS
COUNTY
Agent Name
Title
Phone
Website
Other
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
5
Total Inventory & Month's Supply of Inventory (MSI)
20
30
15
25
10
20
5
15
0
10
25
30
100
Total Inventory & Month's Supply of Inventory (MSI)
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16
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18 30.0
200
1,000
300
400
Inventory & MSI
The Total Inventory of Properties available for sale as of March
was 26, up 4.0% from 25 last month and up 4.0% from 25 in
March of last year. March 2018 Inventory was at its highest
Inventory
& MSI
level compared
with March of 2017 and 2016.
The Total Inventory of Properties available for sale as of March
was 26, up 4.0% from 25 last month and up 4.0% from 25 in
March of last year. March 2018 Inventory was at its highest
A comparatively
lower
MSI of
is 2017
more and
beneficial
level
compared with
March
2016. for sellers while a
higher MSI is better for buyers. The March 2018 MSI of 26.0
months was at its highest level compared with March of 2017
and 2016.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The March 2018 MSI of 26.0
months was at its highest level compared with March of 2017
and 2016.
600
500
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2,000
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 91, up 7.1% from 85 last month and up 40.0%
from 65 in March of last year.
1,000
3,000
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82%
84%
86%
88%
91.1%
89.9%
90%
94%
96%
92%
Median Sales Price and Average Sales Price
Prices
0
3 Mo Avg
The Median Sales Price in March was $2,200,000, up from $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
in March of 2017 and down 31.3% from $3,200,000 last month.
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The Average Sales Price in March was $2,200,000, up from $0 6,000
Median
Sales
Price
and
Average
Sales
Price
Prices
in March of 2017 and down 31.3% from $3,200,000 last month.
3 Mo Avg
5,000
The
Median
March
was
$2,200,000,
from $0
March
2018 Sales
ASP Price
was at in the
lowest
level
compared up
to March
of
in 2017
March
2017 and down 31.3% from $3,200,000 last month.
and of 2016.
4,000
The Average Sales Price in March was $2,200,000, up from $0 6,000
in March of 2017 and down 31.3% from $3,200,000 last month.
3,000
5,000
March 2018 ASP was at the lowest level compared to March of
2017 and 2016.
2,000
4,000
98%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.4%
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
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427
432
3 Mo Avg
5
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March Property sales were 1, up from 0 in March of 2017 and
50.0% lower than the 2 sales last month. March 2018 sales were 4
3 Mo Avg
Number of Properties Sold
at their highest level compared to March of 2017 and 2016.
4
Property
5
March YTD Sales
sales of 5 are running 400.0% ahead of last year's
3
March
Property
sales
were 1, up from 0 in March of 2017 and
year-to-date
sales
of 1.
50.0% lower than the 2 sales last month. March 2018 sales were 4 3
at their highest level compared to March of 2017 and 2016.
4
2
March YTD sales of 5 are running 400.0% ahead of last year's
3
2
year-to-date sales of 1.
3
1
2
1
2
0
1
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1 15
435
3 Mo Avg
550
530
510
490
470
450
430
410
390
370
350
Selling Price per Square Foot
Selling Price per Square Foot
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100
126
139
Trending versus*:
Prior YTD Prior Year
Trending versus*:
$2,843,583 9% Trending versus*:
3%
Month -31%
LM L3M
LY
YTD
Prior
YTD Prior
Year
$2,200,000
7% PYM 55%
$2,050,000
67%
45%
$1,845,000
3% 3% 13% 42% $2,140,000
$2,200,000 -31%
75%
39%
$2,843,583
3%
26 9%
4%
4%
$2,200,000 1 -31%
7%
55% $2,050,000 5 400%
67%
45%
-50%
March
Average
Sales
Price
$2,200,000
-31%
3%
42%
$2,140,000
75%
39%
March Average Days on Market (Solds)
1,067 249% 124%
307%
476
66%
82%
Total
Properties
Currently
for
Sale
(Inventory)
26
4%
4%
Asking Price per Square Foot (based on New Listings)
$707 91% 39% 129% 78%
$525
44%
32%
March
of Properties
March Number
Sold Price
per Square Sold
Foot
$487 1 -50%
-4% 22%
47%
$398 5 400%
33%
20%
March
on of
Market
(Solds)
1,067
476 -33%
66%
82%
March Average
Month's Days
Supply
Inventory
26.0 249%
108% 124%
56% 0% 307%
60%
16.7
2%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$707
91%
39%
129%
78%
$525
44%
32%
March Sale Price vs List Price Ratio
89.8% 17.8% 14.2%
4.0%
78.7% -10%
-9%
March
Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $487 -4% 22%
47%
$398
33%
20%
* LM=Last Sold
Month / Price
L3M=Last per
3 Months
/ PYM=Same
March Month's Supply of Inventory
26.0 108% 56% 0%
60%
16.7
-33%
2%
Number of Properties Sold
March
Sale Price
89.8% 17.8% 14.2%
4.0%
78.7% -10%
-9%
Property
Sales vs List Price Ratio
163
150
YTD
Average List Price of all Curr ent Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median List Price of all Current Listings
March Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
March
Median Sales Price
March Number of Properties Sold
200
250
0
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 91.1% was up from 87.5% last month and up from
89.9% in March of last year.
March 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 3%
$1,845,000
13%
3 Mo Avg
50
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $427 was down
3.3% from $441 last month and down 1.3% from 432 in March of
last year.
Agent Name
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 163, up 30.4% from
125 days last month and up 17.3% from 139 days in March of last
year. The March 2018 DOM was at a mid level compared with
March of 2017 and 2016.
City: Belleair
BELLEAIR
Market Action Report
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
March 2018
City: Belleair Information | School District
Community
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Action Report
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25.0
20.0
30.0
15.0
25.0
10.0
20.0
5.0
15.0
0.0
10.0
5.0
0.0
0
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 REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real estate ac
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
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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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.
22 | coldwellbankerluxury.com
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 ® | 23
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.