FL ARCHIVED November 2017 | Page 66

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

City : Venice

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
$ 297,000
1 %
6 %
Average List Price of all Current Listings
$ 363,521
1 %
4 %
November Median Sales Price
$ 266,490
7 %
7 %
6 %
13 %
$ 247,000
5 %
5 %
November Average Sales Price
$ 280,459
0 %
2 %
1 %
7 %
$ 276,370
6 %
5 %
Total Properties Currently for Sale ( Inventory )
771
5 %
-6%
November Number of Properties Sold
183
-6%
-3%
2,397
3 %
November Average Days on Market ( Solds )
60 -13%
-8%
15 %
0 %
70
17 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 192
7 %
5 %
8 %
10 %
$ 180
5 %
3 %
November Sold Price per Square Foot
$ 163
-2%
0 %
0 %
2 %
$ 167
4 %
4 %
November Month ' s Supply of Inventory
4.2
12 %
3 %
-3%
15 %
3.9
8 %
7 %
November Sale Price vs List Price Ratio
95.0 %
-. 2 %
. 1 %
-. 6 %
. 3 %
94.3 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
November Property sales were 183 , down 3.2 % from 189 in
November of 2016 and 6.2 % lower than the 195 sales last month .
300
Property
November Sales 2017 sales were at a mid level compared to November
350
November of 2016 and Property 2015 . sales November were 183 YTD , down sales 3.2 of % 2,397 from are 189 running
250
November
3.5 % ahead of 2016 of last and year 6.2 ' s % year-to-date lower than the sales 195 of sales 2,317 last . month .
November 2017 sales were at a mid level compared to November
300
200
of 2016 and 2015 . November YTD sales of 2,397 are running
250
3.5 % ahead of last year ' s year-to-date sales of 2,317 .
200
150
100
150
50
100
Number of Properties Sold
50
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
0
14
15
16
17
Prices
The Median Sales Price in November was $ 266,490 , up 5.7 %
D
J
F M A M J
14
15
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
A S O N
3 Mo Avg
Prices from $ 252,134 in November of 2016 and up 7.0 % from
The
$ 249,000 Median last Sales month Price . in The November Average was Sales $ 266,490 Price in , up November 5.7 % was from
$ 280,459 $ 252,134 , up in 0.8 November % from $ of 278,147 2016 and in November up 7.0 % from of 2016 and up
290
290
270
Median Sales Price and Average Sales Price
3 Mo Avg
$
0.2 249,000 % from last $ 279,941 month . The last Average month . Sales November Price in 2017 November ASP was was at the
$ 280,459 , up 0.8 % from $ 278,147 in November of 2016 and up
270 highest level compared to November of 2016 and 2015 .
0.2 % from $ 279,941 last month . November 2017 ASP was at the
250
250
230
highest level compared to November of 2016 and 2015 .
230
210
210
190
190 170

Venice

195 139
195 139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 187 286 257 295 252 197 235 162 195 183
170
150
150
D
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
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
The
November Total Inventory was 771 of , up Properties 4.8 % from available 736 last for month sale as and of down 5.7 %
1,200
November from 818 was in November 771 , up 4.8 of % last from year 736 . last November month and 2017 down Inventory 5.7 %
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
from was 818 at a in mid November level compared of last year with . November 2017 of 2016 Inventory and 2015 .
1,000 was at a mid level compared with November of 2016 and 2015 .
800
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The November 2017 MSI of 4.2 higher months MSI was is better at a mid for level buyers compared . The November with November 2017 MSI of of 2016 4.2 and
200 months
2015 . was at a mid level compared with November of 2016 and
2015 .
0
6.0
800
5.0
600
4.0
400
3.0
200
2.0
1.0
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
5.0
4.0
3.0
2.0
1.0
0.0
720 749 742 742 689 642
Agent Name
174
Title Phone Website Other

Community Information | School District

265 291 278
720 749 742 742 689 642 242 266 214 195
565 550 499 503 524 595 617
191
Number of Properties Sold
165
723 793
197
565 550 499 503 524 595 617 160 158 236 251 251 233
846 770 750 724 695 694 690
754 220
723 793 846 770 750 724 695 694
206
818
854 207 206 189
690
754 957
818 974
968 854 219 148 187 286 257 295
3 Mo Avg
252
849 817 797 745 687 686 736 771 197 235
957 974 968 849 817 797 745 687 686
3 Mo Avg
162 195
736 771
183
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
66 | c o l d w e l l b a n k e r h o m e s . c o m
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 .