FL ARCHIVED October 2017 | Page 15

Market Action Report October 2017

PINELLAS County : Pinellas 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
$ 1,550,000
-1%
-3%
Average List Price of all Current Listings
$ 2,033,563
0 %
5 %
October Median Sales Price
$ 1,375,000
3 %
4 %
10 %
6 %
$ 1,349,500
4 %
4 %
October Average Sales Price
$ 1,782,708
26 %
11 %
1 %
8 %
$ 1,632,045
-2%
-1%
Total Properties Currently for Sale ( Inventory )
456
4 %
-1%
October Number of Properties Sold
27 -10%
17 %
380
25 %
October Average Days on Market ( Solds )
217
3 %
25 %
39 %
62 %
148
14 %
10 %
Asking Price per Square Foot ( based on New Listings )
$ 509
3 %
4 %
8 %
10 %
$ 492
7 %
6 %
October Sold Price per Square Foot
$ 431
4 %
-1%
1 %
-1%
$ 452
4 %
4 %
October Month ' s Supply of Inventory
16.9
15 %
13 % -15%
6 %
13.4
-10%
-15%
October Sale Price vs List Price Ratio
88.0 % -3.1% -4.1% -2.9% -2.9%
91.1 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales October Property sales were 27 , up 17.4 % from 23 in October of 2016 and 10.0 % lower than the 30 sales last month . October 2017 sales were at their highest level compared to October of Property 2016 and 2015 Sales . October YTD sales of 380 are running 24.6 % October ahead of Property last year sales ' s year-to-date were 27 , up sales 17.4 of % 305 from . 23 in October of 2016 and 10.0 % lower than the 30 sales last month . October 2017 sales were at their highest level compared to October of 2016 and 2015 . October YTD sales of 380 are running 24.6 % ahead of last year ' s year-to-date sales of 305 .
Prices The Median Sales Price in October was $ 1,375,000 , up 10.0 % from $ 1,250,000 in October of 2016 and up 3.2 % from $ 1,331,875 last month . The Average Sales Price in October was
Prices $ 1,782,708 , up 1.4 % from $ 1,758,665 in October of 2016 and up The 25.9 Median % from Sales $ 1,415,558 Price in last October month was . October $ 1,375,000 2017 ASP , up 10.0 was % at from the highest $ 1,250,000 level in compared October to of October 2016 and of up 2016 3.2 and % from 2015 . $ 1,331,875 last month . The Average Sales Price in October was $ 1,782,708 , up 1.4 % from $ 1,758,665 in October of 2016 and up 25.9 % from $ 1,415,558 last month . October 2017 ASP was at the highest level compared to October of 2016 and 2015 .
80 70 60 80 50 70 40 60 30 50 20 40 10 30 0 20
2,000 1,700
1,900 1,600
1,800 1,500
1,700 1,400
1,600 1,300
1,500 1,200
1,400 1,100
1,300 1,200
16
Number of Properties Sold
16 31 21 20 28 27 31 35 26 17 27 26 19 22 25 29 31 35 22 47 30 31 32 23 24 22 30 36 33 35 49 67 40 33 30 27
Coast Association of REAL
Inventory & MSI
The Total Inventory of Properties available for sale as of
October was 456 , up 3.6 % from 440 last month and down 0.7 %
1,100
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
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
15
16
17
J
A S O
30.0
from 459 in October of last year . October 2017 Inventory was at
Inventory a mid level compared & MSI with October of 2016 and 2015 . The Total Inventory of Properties available for sale as of October was 456 , up 3.6 % from 440 last month and down 0.7 % from 459 in October of last year . October 2017 Inventory was at a
A mid comparatively level compared lower with MSI October is more of beneficial 2016 and for 2015 sellers . while a
500
400
600
300
500
200
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
30.0
15.0
25.0
10.0
higher MSI is better for buyers . The October 2017 MSI of 16.9 months was at a mid level compared with October of 2016 and
2015 .
400
100
300
0
20.0
5.0
15.0
0.0
A comparatively lower MSI is more beneficial for sellers while a
200
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
10.0
higher MSI is better for buyers . The October 2017 MSI of 16.9 months was at a mid level compared with October of 2016 and 2015 .
100
0
14
15
16
17
5.0
0.0
N
D J
F M A M 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
14
15
16
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
J A S O N D J
F M A M J
17 REALTORS , REALTORS Association of the Palm
J A S O Beaches , Space
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 .
397 31 392
21 396
Agent Name
Title Phone Website Other
20 398
28 396
27 401
31 391
35 397
26 389
17 363
27
356 26
416
Number of Properties Sold
19
422 403
22 411
25 428
29 438
31 455
35 435
22 442
47 437
30 433
31 438
32 459
23 471
24 475
22 505
30 531
36 506
33
501 35
478 49
474 459
67 441
40 440
3 Mo Avg
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
10
14
15
16
17
0
Median Sales Price and Average Sales Price
3 Mo Avg
2,000N
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
14
1,900
15
16
17
1,800
Median Sales Price and Average Sales Price
33
3 Mo Avg
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
14
15
16
17
397 392 396 398 396 401 391 397 389 363 356 416 422 403 411 428 438 455 435 442 437 433 438 459 471 475 505 531 506 501 478 474 459 441 440
3 Mo Avg
Coldwell Banker Global Luxury SM | 15
456
456 30 27