FL ARCHIVED October 2017 | Page 139

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

City : Melbourne

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
$ 297,900
1 %
8 %
Average List Price of all Current Listings
$ 342,234
1 %
4 %
October Median Sales Price
$ 190,000
-19% -17% -5%
-7%
$ 225,000
9 %
10 %
October Average Sales Price
$ 252,254
-5%
-2%
6 %
7 %
$ 256,008
9 %
9 %
Total Properties Currently for Sale ( Inventory )
621
-0%
2 %
October Number of Properties Sold
187 -17%
-11%
2,359
-3%
October Average Days on Market ( Solds )
48
14 %
12 %
9 %
-2%
43
-12%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 147
2 %
2 %
12 %
13 %
$ 141
9 %
8 %
October Sold Price per Square Foot
$ 130
-3%
-1%
7 %
9 %
$ 131
11 %
10 %
October Month ' s Supply of Inventory
3.3
20 %
18 %
14 %
22 %
2.7
-1%
-2%
October Sale Price vs List Price Ratio
95.0 %
-. 5 % -. 4 %
. 4 %
-. 2 %
95.7 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
October Property sales were 187 , down 10.5 % from 209 in
October of 2016 and 17.3 % lower than the 226 sales last month .
300
Property
October 2017 Sales sales were at their lowest level compared to
350
October Property of 2016 sales and 2015 were . 187 October , down YTD 10.5 % sales from of 209 2,359 in are
250
October running of 3.0 2016 % behind and 17.3 last % lower year ' than s year-to-date the 226 sales sales last of month 2,432 .
October 2017 sales were at their lowest level compared to
300
200
October of 2016 and 2015 . October YTD sales of 2,359 are
250
running 3.0 % behind last year ' s year-to-date sales of 2,432 .
150
200
100
150
100
50
Number of Properties Sold
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 190,000 , down 5.0 %
Prices from $ 200,000 in October of 2016 and down 18.7 % from
The
$ 233,750 Median last Sales month Price . in The October Average was Sales $ 190,000 Price , down in October 5.0 % was
300 from
$ 252,254 $ 200,000 , up 6.0 in October % from of $ 238,004 2016 and in down October 18.7 % of from 2016 and down
$ 233,750 last month . The Average Sales Price in October was
280
5.2 % from $ 266,149 last month . October 2017 ASP was at the
$ 252,254 , up 6.0 % from $ 238,004 in October of 2016 and down
260 highest level compared to October of 2016 and 2015 .
5.2 % from $ 266,149 last month . October 2017 ASP was at the
240 highest level compared to October of 2016 and 2015 .
220
200
180
160
140
120
100
N
D
J
F M A M J
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
J
A S O
14
15
16
17
3 Mo Avg
300
Median Sales Price and Average Sales Price
280
3 Mo Avg
260
240
220
200
180
160
140
120
100
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
14
J
F
15 M 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 J
J
A S O
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
October Total Inventory was 621 , down of Properties 0.5 % from available 624 last for month sale as of and up 1.6 %
October from 611 was in 621 October , down of 0.5 last % from year . 624 October last month 2017 and Inventory up 1.6 % was at
800
800
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
4.5
from a mid 611 level in October compared of last with year October . of 2016 2017 Inventory and 2015 . was at a mid level compared with October of 2016 and 2015 .
700
600
500
400
4.0
3.5
3.0
600 500
400 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 3.3
higher MSI is better for buyers . The October 2017 MSI of 3.3
200 months was at a mid level compared with October of 2016 and months was at a mid level compared with October of 2016 and 100 2015 . 2015 .
0

Melbourne

Agent Name
Title Phone Website Other

Community Information | School District

177 235 180 204 254 216 260 270 279 247 227 197 192 207 174 182 262 260 278 291 285 237 254 209 199 230 182 176 254 221 271 297 271 274 226 187
682
300 200 100 0
N
14
177 235 180 204 254 216 260 270 279 247
Number of Properties Sold
632
642 682
648 632
664 642
660 648
663 664
665 660
643 663 622 665
624
643
659 622 677 624 668
659 687
677
671
668 635 638
687
594 671
655 635
639 638
606 594
583 655
611 639
227 197 192 207 174 182
3 Mo Avg
626 606
595 583
587 611
560 626
572 595 588
587 620 560 645 572 644 588 644
620 624
645 621
644
2.5
2.0
1.5
1.0
0.5
F M A M J
J
0.0
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 D J F M A 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
14 15 16
17 15
16
17
262 260 278 291 285 237 254 209 199 230 182 176 254 221 271 297 271 644
3 Mo Avg
274
624 226
621 187
4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 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 .
c o l d w e l l b a n k e r h o m e s . c o m | 139