FL ARCHIVED November 2017 | Page 130

Market Action Report November 2017
Community Information | School District
Market Action Report November 2017

City : Wellington

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
$ 574,900
1 %
15 %
Average List Price of all Current Listings
$ 1,794,535
5 %
29 %
November Median Sales Price
$ 352,500
-3%
-2%
-5%
-4%
$ 372,500
1 %
1 %
November Average Sales Price
$ 471,488
-23%
-4%
-17% -21%
$ 524,058
-14%
-12%
Total Properties Currently for Sale ( Inventory )
657
-3%
-11%
November Number of Properties Sold
86 -23%
-9%
1,134
-5%
November Average Days on Market ( Solds )
90
6 %
2 %
-13%
-7%
91
-7%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 475
71 %
43 % 128 %
95 %
$ 286
22 %
18 %
November Sold Price per Square Foot
$ 193
6 %
5 %
-3%
-5%
$ 193
-4%
-5%
November Month ' s Supply of Inventory
7.6
26 %
1 %
-2%
4 %
7.4
-1%
-0%
November Sale Price vs List Price Ratio
92.7 % -1.2% -. 7 %
-. 3 %
-. 9 %
93.2 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Wellington Title

Phone Website Other

Community Information | School District

Property Sales
180
November Property sales were 86 , down 9.5 % from 95 in
November of 2016 and 22.5 % lower than the 111 sales last
160
Number of Properties Sold
3 Mo Avg
Property month . November Sales 2017 sales were at their lowest level
180
140
November compared Property to November sales were of 2016 86 , down and 2015 9.5 %. from November 95 in YTD sales
November of 2016 and 22.5 lower than the 111 sales last
160 of 1,134 are running 4.8 % behind last year ' s year-to-date sales of
120
month
1,191 .
November 2017 sales were at their lowest level compared to November of 2016 and 2015 . November YTD sales of 1,134 are running 4.8 % behind last year ' s year-to-date sales of
140
120
100
80
1,191 .
100
60
80
40
60
20
40
0
20
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
J
A S O N
0
14
15
16
17
D
J
F M A M J
Prices
14
15
The Median Sales Price in November was $ 352,500 , down 4.7 %
1,000
Prices from $ 369,900 in November of 2016 and down 3.4 % from
The
$ 365,000 Median last Sales month Price . in The November Average was Sales $ 352,500 Price in , down November 4.7 % was
900
1,000 from
$ 471,488 $ 369,900 , down in November 17.1 % from of $ 2016 569,039 and in down November 3.4 % from of 2016 and
$ 365,000 last month . The Average Sales Price in November was
900
800 down 23.5 % from $ 616,204 last month . November 2017 ASP
J
A
SMedian O N D JSales F M APrice M J Jand
A SAverage O N D
J Sales
F M A Price M J
J
16
17
Median Sales Price and Average Sales Price
A S O N
3 Mo Avg
3 Mo Avg
$ was 471,488 at the , down lowest 17.1 level % from compared $ 569,039 to in November of of 2016 and 2015
800
. down 23.5 % from $ 616,204 last month . November 2017 ASP
700
was at the lowest level compared to November of 2016 and 2015 .
700
600
600
500
101 86 72 91 138 135
101 86 72 91 138 135 131 158 115 125 116 86 112 80 71 116 95 126 146 117 143 106 96 95 101 77 92 116 105 126 124 107 115 75 111 86
500 400
400 300 300
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 J A S O N 14 15
16
17
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 J A S O N 14 15
16 17
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The November Total Inventory was 657 of , down Properties 2.7 % available from 675 for last sale month as of and down
1,000 14.0
November 11.2 % from was 740 657 in , down November 2.7 % from of last 675 year last . month November and down 2017 1,000
14.0 12.0 800
11.2 Inventory % from 740 was in at November its lowest of level last compared year . November with November 2017 of 12.0
800 10.0
Inventory 2016 and was 2015 at . its lowest level compared with November of 600
10.0 8.0
2016 and 2015 . 600
8.0 400
6.0
A comparatively lower MSI is more beneficial for sellers while a 400 6.0
4.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial November for sellers 2017 while MSI a of 7.6 200
4.0 higher months MSI was is better at its lowest for buyers level . The compared November with 2017 November MSI of 7.6 of 2016200
2.0 2.0 months and 2015 was . at its lowest level compared with November of 2016 0 0.0 and 2015 . 0
0.0 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 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 J A S O N 14 15
16 17
14 15 16
17
131
804 843 895 887 859 818 773 158 115
804 843 895 887 859 818 773 761 714 703 745
125 116
727 689
749 804
Number of Properties Sold
86 112
761 714 703 745 727 689
80 71 116 95 126 146 117
829 823 771 763 721 698 759 716 740 143 106 96
749 804 829 823 771 763 721 698 759 716 740 724 744 798 798 785 760 764 743 734
95 101 77 92 116 105 126 124
724
744 798 798 785 760 764 743 734 670 675 657
107 115 75
670 675 657
3 Mo Avg
111
86
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