FL ARCHIVED May 2018 | Page 170

Market Action Report May 2018

BROWARD County : Broward COUNTY

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,750,000
0 %
1 %
Average List Price of all Current Listings
$ 2,585,269
-0%
3 %
May Median Sales Price
$ 1,575,000
25 %
4 %
24 %
13 %
$ 1,445,000
4 %
4 %
May Average Sales Price
$ 1,983,542
18 %
14 %
19 %
10 %
$ 1,775,507
-3%
-1%
Total Properties Currently for Sale ( Inventory )
1,407
-0%
2 %
May Number of Properties Sold
24 -11%
-71%
131
-59%
May Average Days on Market ( Solds )
117 -15% -6% -17% -21%
126
-17%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 423
-12% -8% -22% -20%
$ 463
-8%
-13%
May Sold Price per Square Foot
$ 920
116 % 76 % 127 % 101 %
$ 508
15 %
11 %
May Month ' s Supply of Inventory
58.6
12 %
11 % 248 % 33 %
53.9
133 %
22 %
May Sale Price vs List Price Ratio
90.5 %
2.3 %
. 7 %
. 2 %
. 1 %
90.0 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales May Property sales were 24 , down 70.7 % from 82 in May of 2017 and 11.1 % lower than the 27 sales last month . May 2018 sales were at their lowest level compared to May of 2017 and Property 2016 . May Sales YTD sales of 131 are running 58.9 % behind last May year Property ' s year-to-date sales were sales 24 of , 319 down . 70.7 % from 82 in May of 2017 and 11.1 % lower than the 27 sales last month . May 2018 sales were at their lowest level compared to May of 2017 and 2016 . May YTD sales of 131 are running 58.9 % behind last year ' s year-to-date sales of 319 .
Prices The Median Sales Price in May was $ 1,575,000 , up 23.8 % from $ 1,272,500 in May of 2017 and up 24.5 % from $ 1,265,000 last month . The Average Sales Price in May was $ 1,983,542 , up
Prices 19.4 % from $ 1,661,130 in May of 2017 and up 17.9 % from The $ 1,682,037 Median Sales last month Price . in May May 2018 was ASP $ 1,575,000 was at the , up highest 23.8 % from level $ compared 1,272,500 to in May of 2017 and 2016 up 24.5 . % from $ 1,265,000 last month . The Average Sales Price in May was $ 1,983,542 , up 19.4 % from $ 1,661,130 in May of 2017 and up 17.9 % from $ 1,682,037 last month . May 2018 ASP was at the highest level compared to May of 2017 and 2016 .
100
90
80
Number of Properties Sold
3 Mo Avg
100
70
90
60
80
50
70
40
60
30
50
20
40
10
300
20
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
10
15
16
17
18
0
Median Sales Price and Average Sales Price
3 Mo Avg
2,300
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
15
16
17
18
2,100
Median Sales Price and Average Sales Price
2,300 1,900
2,100 1,700
1,900 1,500
1,700 1,300
1,500 1,100 1,300
66 74
Agent Name
66
Title Phone Website Other 69 69 58 74 51
Number of Properties Sold
66 74 66 69 69 58 74 51 51 51 63 80 70 61 63 48 56 60 63 44 54 82 57 82 95 70 82 18 8 17 36 27 23 30 27 24
Inventory & MSI
The Total Inventory of Properties available for sale as of May was 1,407 , down 0.5 % from 1,414 last month and up 1.9 % from
1,100
1,600
J
15
J
Total Inventory & Month ' s Supply of Inventory ( MSI )
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
16
17
18
200.0
1,381 in May of last year . May 2018 Inventory was at its highest
1,400
Inventory level compared & MSI with May of 2017 and 2016 .
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
150.0
The Total Inventory of Properties available for sale as of May was 1,407 , down 0.5 % from 1,414 last month and up 1.9 % from
1,381 in May of last year . May 2018 Inventory was at its highest level
A comparatively compared with lower May MSI of 2017 is more and beneficial 2016 . for sellers while a higher MSI is better for buyers . The May 2018 MSI of 58.6 months was at its highest level compared with May of 2017 and
2016 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2018 MSI of 58.6
1,600 1,400
800 1,200
600 1,000
400 800
200
0
600
400
J
J A S O N D J
F M A M J
15
16
J A S O N D J
F M A M J
17
J A S O N D J
F M A M
18
200.0
100.0
150.0
50.0
100.0
0.0
50.0
months was at its highest level compared with May of 2017 and
200
2016 .
0
0.0
J
J A S O N D J
F M A M J
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15
16
J A S O N D J
F M A M J
17
J A S O N D J
F M A M
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 .
86 | coldwellbankerluxury . com
51 51 63 80 70 61 63 48 56 60
1,160 1,175 1,165 1,162 1,187 1,249 1,217 1,303 1,383 1,378 1,387 1,354 1,348 1,332 1,307 1,293 1,309 1,329 1,297 1,381 1,398 1,409 1,399 1,381 1,387 1,373 1,348 1,345 1,373 1,360 1,325 1,367 1,394 1,417 1,414 1,407
63 44 54 82 57 82 95 70 82 18 8 17 36 27 23 30 27 24
3 Mo Avg
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
15
16
17
18
1,160 1,175 1,165 1,162 1,187 1,249 1,217 1,303 1,383 1,378 1,387 1,354 1,348 1,332 1,307 1,293 1,309 1,329 1,297 1,381 1,398 1,409 1,399 1,381 1,387 1,373 1,348 1,345 1,373 1,360 1,325 1,367 1,394 1,417 1,414 1,407
3 Mo Avg