FL ARCHIVED March 2018 | Page 50

Market Action Report
March 2018
City: Bradenton
BRADENTON
Market Action Report
Agent Name
March 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 1%
$1,500,000
-6%
City: Bradenton
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
YTD
Market Time
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 273, up 221.2% from
85 days last month and up 51.7% from 180 days in March of last
year. The March 2018 DOM was at a mid level compared with
March of 2017 and 2016.
206
180
3 Mo Avg
3 Mo Avg
Selling Price per Square Foot
Selling Price per Square Foot
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 $226 was down
39.5% from $374 last month and down 24.5% from 299 in
March of last year.
3 Mo Avg
600
550
500
450
400
339
350
299
226
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
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Medi an Sales Price and Average Sales Price
3 Mo Avg
Median Sales Price and Average Sales Price
2,200
2,600
2,000
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16
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3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
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 75.6% was down from 96.8% last month and down
from 89.4% in March of last year.
2,400
1,800
2,200
1,600
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
89.4%
86.1%
75.6%
80%
60%
40%
20%
2,000
1,400
1,800
1,200
0%
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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
Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
18
40
30.0
60.0 30
20.0
50.0 20
10.0
40.0 10
0.0
30.0 0
20.0
10.0
0.0
40.0
70.0
50
60
50.0
70
60.0
Total Inventory & Month's Supply of Inventory (MSI)
80
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
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16
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18 70.0
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 9, down 10.0% from 10 last month and up
80.0% from 5 in March of last year.
1,000
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150
1,200
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors |
273
300
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16
17
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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
2,600
15
16
17
18
2,400
80
70
60
50
80
40
70
30
60
20
50
10
40
0
30
20
10
0
400
250
1,400
Inventory & MSI
500
0
1,600
1,000
The Total Inventory of Properties available for sale as of March
was 59, down 4.8% from 62 last month and down 7.8% from 64
in March of last year. March 2018 Inventory was at its lowest
Inventory
& MSI
level compared
with March of 2017 and 2016.
The Total Inventory of Properties available for sale as of March
was 59, down 4.8% from 62 last month and down 7.8% from 64
in March of last year. March 2018 Inventory was at its lowest
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 19.7
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 19.7
months was at its lowest level compared with March of 2017 and
2016.
600
300
0
3 Mo Avg
700
100
Number of Properties Sold
Prices
The Median Sales Price in March was $1,170,000, down 0.4%
from $1,175,000 in March of 2017 and up 0.8% from
$1,160,410 last month. The Average Sales Price in March was
Prices
$1,193,333, up 1.6% from $1,175,000 in March of 2017 and
The
Median
in March
$1,170,000,
down ASP
0.4%
down
17.8% Sales
from Price
$1,450,878
last was
month.
March 2018
was
from
$1,175,000
in March to
of March
2017 and
up 0.8%
from
at a mid
range compared
of 2017
and 2016.
$1,160,410 last month. The Average Sales Price in March was
$1,193,333, up 1.6% from $1,175,000 in March of 2017 and
down 17.8% from $1,450,878 last month. March 2018 ASP was
at a mid range compared to March of 2017 and 2016.
Title
Phone
Website
Other
200
9
1
Agent Name
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
7
9
6
8
5
7
4
6
3
5
2
4
1
3
0
2
City: Bradenton
BRADENTON
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
$1,955,379 3% Trending versus*:
10%
Month
LM
LY
YTD
Prior
YTD Prior
Year
$1,170,000
1% L3M
0% PYM
-0% -6%
$1,160,000
-7%
-7%
$1,500,000
1% -12% -6%
$1,193,333 -18%
2% -17% $1,324,351
-6%
-8%
$1,955,379
3%
10%
59 -5%
-8%
$1,170,000 3 -25%
1% 0% 50%
-0% -6% $1,160,000
-7%
-7%
10
67%
$1,193,333
-18%
-12%
2%
-17%
$1,324,351
-6%
-8%
273 221% 6% 52% 24%
251
-4%
14%
Total
Properties
Currently
for
Sale
(Inventory)
59
-5%
-8%
Asking Price per Square Foot (based on New Listings)
$515 57% 22% 48% 33%
$411
6%
6%
March
of Properties
50% -28%
10
67%
March Number
Sold Price
per Square Sold
Foot
$226 3 -25%
-40% -31% -24%
$322
4%
3%
March
on of
Market
(Solds)
273 221%
52% -27%
24%
251 -51%
-4%
14%
March Average
Month's Days
Supply
Inventory
19.7
27% 6%
3% -39%
19.1
-30%
Asking
per Square
$515 -21.9%
57% -15.0%
22% -15.4%
48% -14.5%
33%
$411
6%
6%
March Price
Sale Price
vs List Foot
Price (based
Ratio on New Listings)
75.6%
86.0%
2%
-3%
March
Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $226 -40% -31% -24% -28%
$322
4%
3%
* LM=Last Sold
Month / Price
L3M=Last per
3 Months
/ PYM=Same
March Month's Supply of Inventory
19.7 27% 3% -39%
-27%
19.1
-51%
-30%
Number of Properties Sold
March
Sale Price
75.6% -21.9% -15.0% -15.4% -14.5%
86.0%
2%
-3%
Property
Sales vs List Price Ratio
8
March 2018
Community Information | School District
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
March
March Average
Average Sales
Days Price
on Market (Solds)
March Property sales were 3, up 50.0% from 2 in March of 2017
and 25.0% low er than the 4 sales last month. March 2018 sales
were at their highest level compared to March of 2017 and 2016.
Property
March YTD Sales
sales of 10 are running 66.7% ahead of last year's
March
Property
sales
were 3, up 50.0% from 2 in March of 2017
year-to-date
sales
of 6.
and 25.0% lower than the 4 sales last month. March 2018 sales
were at their highest level compared to March of 2017 and 2016.
March YTD sales of 10 are running 66.7% ahead of last year's
year-to-date sales of 6.
Market Action Report
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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
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 REALT
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.
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 estat
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.
50 | 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 ® | 51
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 es
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.