FL ARCHIVED March 2018 | Page 30

Market Action Report
March 2018
Title
Phone
Website
Other
3 Mo Avg
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
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
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
30
10
5
20.0
35.0
10.0
25.0
25.0
15.0
30.0
20 5
15 0
10
25
20
35
15
30
30.0
Total Inventory & Month's Supply of Inventory (MSI)
25
0
35
5
Total Inventory & Month's Supply of Inventory (MSI)
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
15
16
17
18 35.0
10
1,000
15
The Total Inventory of Properties available for sale as of March
was 24, equal to 24 last month and down 14.3% from 28 in
March of last year. March 2018 Inventory was at a mid level
Inventory
& MSI
compared with
March of 2017 and 2016.
The Total Inventory of Properties available for sale as of March
was 24, equal to 24 last month and down 14.3% from 28 in
March of last year. March 2018 Inventory was at a mid level
A comparatively
lower of MSI
is and
more
beneficial for sellers while a
compared
with March
2017
2016.
higher MSI is better for buyers. The March 2018 MSI of 8.0
months was at its lowest 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 8.0
months was at its lowest level compared with March of 2017 and
2016.
Inventory & MSI
25
20
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
15
16
17
18
1,500
30
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 7, up 75.0% from 4 last month and up 75.0%
from 4 in March of last year.
1,000
2,000
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,500
2,500
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
15
16
17
18
2,000
3,000
0%
3 Mo Avg
3,500
2,500
20%
3 Mo Avg
Median Sales Price and Average Sales Price
3,000
40%
Median Sales Price and Average Sales Price
60%
3 Mo Avg
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
15
16
17
18
3,500
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
15
16
17
18
82.4%
80%
Trending versus*:
Prior YTD Prior Year
90.9%
0
100%
The Median Sales Price in March was $1,500,000, up 3.4% from
$1,450,000 in March of 2017 and down 4.0% from $1,562,500
last month. The Average Sales Price in March was $1,826,667,
Prices
up 26.0% from $1,450,000 in March of 2017 and down 16.0%
The
Median
Sales last
Price
in March
was 2018
$1,500,000,
from
$2,175,625
month.
March
ASP was up
at 3.4%
the from
$1,450,000
in compared
March of 2017
and of
down
from $1,562,500
highest level
to March
2017 4.0%
and 2016.
last month. The Average Sales Price in March was $1,826,667,
up 26.0% from $1,450,000 in March of 2017 and down 16.0%
from $2,175,625 last month. March 2018 ASP was at the
highest level compared to March of 2017 and 2016.
Prices
102.3%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
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
15
16
17
18
100
150
YTD
Trending versus*:
-0% Trending versus*:
-5%
LM L3M
LY
YTD
Prior
YTD Prior
Year
-4%
-3% PYM
3% 17%
$1,543,750
25%
21%
-1% 0% 26%
-9% 19% $1,947,813
-16%
41%
27%
-0%
-5%
0%
-14%
-4%
-3%
3% 17% $1,543,750 8 167%
25%
21%
-25%
50%
-16%
0%
26%
19%
$1,947,813
41%
27%
-31% -27% 17% -27%
98
75%
-19%
0%
-14%
-19% -7% -24% -7%
$554
-5%
2%
-25%
50% -13%
-18% -8% -29%
$440 8 167%
-12%
-5%
-31%
17% -27%
98 -42%
75%
-19%
33% -27%
-38% -43%
-31%
13.0
12%
-19%
-7%
-24%
-7%
$554
-5%
2%
4.3% 4.7% 10.3% 4.7%
90.2%
3%
2%
-18% -8% -29% -13%
$440
-12%
-5%
33% -38% -43%
-31% of Properties
13.0 Sold
-42%
12%
Number
4.3% 4.7% 10.3% 4.7%
90.2%
3%
2%
200
225
236
239
250
300
350
120%
March 2018
8
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March Property sales were 3, up 50.0% from 2 in March of 2017
and 25.0% lower than the 4 sales last month. March 2018 sales 7
3 Mo Avg
Number of Properties Sold
were at their highest level compared to March of 2017 and 2016.
6
Property
8
March YTD Sales
sales of 8 are running 166.7% ahead of last year's
March
Property
sales
were 3, up 50.0% from 2 in March of 2017 5
year-to-date
sales
of 3.
and 25.0% lower than the 4 sales last month. March 2018 sales 7
were at their highest level compared to March of 2017 and 2016. 4
6
March YTD sales of 8 are running 166.7% ahead of last year's
3
year-to-date sales of 3.
5
2
4
1
3
0
2
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
16
17
18
1 15
3 Mo Avg
400
Selling Price per Square Foot
Selling Price per Square Foot
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
15
16
17
18
0
-100
100
91
199
119
400
500
600
700
200
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 82.4% was down from 85.2% last month and down
from 102.3% in March of last year.
$2,139,521
Month
$1,500,000
$1,802,000
$1,826,667
$2,139,521
24
$1,500,000 3
March
$1,826,667
March Average
Average Sales
Days Price
on Market (Solds)
88
Total
Properties
Currently
for
Sale
(Inventory)
24
Asking Price per Square Foot (based on New Listings)
$502
March
of Properties
March Number
Sold Price
per Square Sold
Foot
$404 3
March
Average
Days
on
Market
(Solds)
88
March Month's Supply of Inventory
8.0
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$502
March Sale Price vs List Price Ratio
92.3%
March
Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $404
* LM=Last Sold
Month / Price
L3M=Last per
3 Months
/ PYM=Same
March Month's Supply of Inventory
8.0
March
Sale Price
92.3%
Property
Sales vs List Price Ratio
Average List Price of all Current 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
800
900
1,000
300
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 $225 was down
15.9% from $267 last month and down 4.9% from 236 in March
of last year.
Agent Name
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other -1%
$1,802,000
-9%
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 199, up 437.8% from
37 days last month and up 118.7% from 91 days in March of last
year. The March 2018 DOM was at a mid level compared with
March of 2017 and 2016.
City: St Pete
Beach BEACH
ST.
Market PETE
Action Report
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
March 2018
City: St Pete Information
Beach
Community
| School District
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Action Report
City: Palm Harbor
PALM
HARBOR
Agent Name
0
5.0
20.0
0.0
15.0
10.0
5.0
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.
15
16
17
18
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.
30 | 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 ® | 31
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.