FL ARCHIVED May 2017 | Page 145

Market Action Report May 2017
Community Information | School District
Market Action Report May 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
$ 399,900
1 %
9 %
Average List Price of all Current Listings
$ 625,218
2 %
24 %
May Median Sales Price
$ 247,500
-0%
-5%
3 %
4 %
$ 247,700
5 %
4 %
May Average Sales Price
$ 279,018
-10% -7%
2 %
2 %
$ 296,927
12 %
9 %
Total Properties Currently for Sale ( Inventory )
295
7 %
8 %
May Number of Properties Sold
100
6 %
4 %
404
0 %
May Average Days on Market ( Solds )
49 -14% -14% -8%
-16%
57
-8%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 172
4 %
0 %
-4%
10 %
$ 170
10 %
9 %
May Sold Price per Square Foot
$ 140
-7%
-4%
10 %
3 %
$ 146
14 %
8 %
May Month ' s Supply of Inventory
3.0
1 %
-3%
4 %
-18%
3.5
-10%
-2%
May Sale Price vs List Price Ratio
94.8 %
. 2 %
. 6 %
1.0 %
. 9 %
94.4 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
May Property sales were 100 , up 4.2 % from 96 in May of 2016
and 6.4 % higher than the 94 sales last month . May 2017 sales
Property were at a mid Sales level compared to May of 2016 and 2015 . May
120
100
May
YTD Property sales of sales 404 are were running 100 , up 4.2 equal % from to last 96 year in May ' s year-to-date of 2016 and sales 6.4 of % 404 higher . than the 94 sales last month . May 2017 sales
100 were at a mid level compared to May of 2016 and 2015 . May
80
YTD sales of 404 are running equal to last year ' s year-to-date sales of 404 .
80
60
60
40
40
Number of Properties Sold
20
0
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
0
14
15
16
17
Prices
The Median Sales Price in May was $ 247,500 , up 3.1 % from
Prices
$ 240,000 in May of 2016 and down 0.4 % from $ 248,550 last
The month Median . The Sales Average Price Sales in May Price was $ in 247,500 May was , up $ 279,018 3.1 % from , up 2.4 %
350
$ from 240,000 $ 272,413 in May in of May 2016 of and 2016 down and 0.4 down % from 9.9 % $ 248,550 from $ 309,518 last month . The Average Sales Price in May was $ 279,018 , up 2.4 %
330 last month . May 2017 ASP was at the highest level compared to from $ 272,413 in May of 2016 and down 9.9 % from $ 309,518
310
May of 2016 and 2015 . last month . May 2017 ASP was at the highest level compared to
290
May of 2016 and 2015 .
270
250
230
210
190
170
J
J
14
350
330
310
290
270
250
230
210
190
170
150
A S O N D
J
F
MMedian A M J JSales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
150
Inventory & MSI
Inventory
The Total Inventory & MSI of Properties available for sale as of May
The was Total 295 , Inventory up 7.3 % from of Properties 275 last available month and for up sale 8.5 as % of from May 272 in was
May 295 of , last up 7.3 year % from . May 275 2017 last Inventory month and was up at 8.5 a % mid from level 272 in
450
May compared of last year with . May 2017 of 2016 Inventory and 2015 was . at a mid level
400
450
400
350
compared with May of 2016 and 2015 .
350
300
300
250
250
200
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The May 2017 MSI of 3.0 higher MSI is better for buyers . The May 2017 MSI of 3.0
100 months was at a mid level compared with May of 2016 and 2015 . months was at a mid level compared with May of 2016 and 2015 .
50
0
150
100
50
0

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

20
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 88 94 100
J 14
340
J J
14
82 92 76 78 94 58 75 61 52 81
Number of Properties Sold
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
14
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 A
17 M
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
326
331 340
316 326
301 331
330 316
320 301
363 330
320 388 375
363 364
388
382 375
342 364
345 382
320 342
287
345 293 306
320
316 287
314 293
298 306
293 316
288 314
272 298
99 103 102 100 109 91
3 Mo Avg
294 293
290 288
264 272
257 294
252 290 259
264 267
257 261
252
259 259 282
267
275 261 295 259
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 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
15 16
17 15
16
17
89 55 73 47 83 87 91 96 95 84 91 92 69 71 64 58 64
8.0 7.0 6.0 5.0
282
4.0
3 Mo Avg
88
275 94
295
3.0 2.0 1.0 0.0
F M A M
100
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
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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