FL ARCHIVED September 2017 | Page 98

Market Action Report September 2017
Weston Community Information Website | School District
Market Action Report September 2017

City : Weston

Price Range : All | Properties : SFH - Con
Agent Name

Weston Community Information Website | School District

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
$ 599,900
3 %
9 %
Average List Price of all Current Listings
$ 784,949
4 %
2 %
September Median Sales Price
$ 470,000
4 %
1 %
8 %
7 %
$ 450,000
3 %
2 %
September Average Sales Price
$ 480,361
-13%
-8%
-2%
-2%
$ 506,901
5 %
4 %
Total Properties Currently for Sale ( Inventory )
435
-9%
-3%
September Number of Properties Sold
45 -39%
-52%
759
-8%
September Average Days on Market ( Solds )
61
9 %
5 %
-12% -20%
66
-13%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 231
0 %
2 %
13 %
9 %
$ 222
5 %
5 %
September Sold Price per Square Foot
$ 202
-6%
-2%
3 %
3 %
$ 202
4 %
3 %
September Month ' s Supply of Inventory
9.7
49 %
37 % 103 %
72 %
6.1
10 %
9 %
September Sale Price vs List Price Ratio
94.4 %
-. 5 %
-. 5 %
-. 6 %
-. 5 %
94.9 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Title Phone
Other
Number of Properties Sold
Property Sales
160
September Property sales were 45 , down 52.1 % from 94 in
September of 2016 and 39.2 % lower than the 74 sales last
140
Number of Properties Sold
3 Mo Avg
Property month . September Sales 2017 sales were at their lowest level
160
September compared Property to September sales were of 2016 45 , down and 2015 52.1 %. September from 94 in YTD
September of 2016 and 39.2 % lower than the 74 sales last
140 sales of 759 are running 8.2 % behind last year ' s year-to-date
120
100
month sales . of September 827 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
120
80
sales of 759 are running 8.2 % behind last year ' s year-to-date sales of 827 .
100
80
60
40
60
20
40
0
20
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
0
14
15
16
17
Prices
The Median Sales Price in September was $ 470,000 , up 8.0 %
Prices from $ 435,000 in September of 2016 and up 3.9 % from
The
$ 452,500 Median last Sales month Price . in The September Average was Sales $ 470,000 Price in , up September 8.0 %
600 from was $ 435,000 480,361 , in down September 1.8 % from of 2016 $ 489,365 and up in 3.9 September % from of 2016
O
N D
J
F M A M J
Median
J
A S O NSales D J FPrice M A Mand J JAverage
A S O N Sales D
J
F Price M A M J
J
A S
14
15
16
17
600
Median Sales Price and Average Sales Price
3 Mo Avg
550
3 Mo Avg
$ and 452,500 down last 12.5 month % from . The $ 549,082 Average last Sales month Price in . September 2017
550 was
ASP $ 480,361 was at the , down lowest 1.8 % level from compared $ 489,365 to in September of 2016 and
500
and
2015 down . 12.5 % from $ 549,082 last month . September 2017
500
450
ASP was at the lowest level compared to September of 2016 and
2015 .
450
400
97 71 90 62 60 100 82 104 124 115 106 94 78 78 98 63
97 71 90 62 60 100 82 104 124 115 106 94 78 78 98 63 68 73 98 104 136 88 103 94 82 59 83 51 57 98 102 113 118 101 74 45
68 73 98 104 136 88 103 94 82 59 83 51 57 98 102 113 118
3 Mo Avg
101 74 45
400 350 300
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The September Total Inventory was 435 of , down Properties 9.4 % available from 480 for last sale month as of and down September 2.7 % from was 447435 in , September down 9.4 % of from last 480 year last . September month and 2017 down
600
2.7 Inventory % from 447 was in at September its lowest of level last compared year . September with September 2017 of 500 Inventory 2016 and was 2015 at . its lowest level compared with September of 2016 and 2015 .
400
300 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 200 higher MSI is better for buyers . The September 2017 MSI of 9.7 higher months MSI was is better at its highest for buyers level . The compared September with 2017 September MSI of 9.7 of 100
months 2016 and was 2015 at its . highest level compared with September of 2016 and 2015 .
0
350
300
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
14
N D
J
15
F M A M J
J
A S O N D
J
16
F M A M J
J
A S O N D
J
17
F M A M J
J
A S
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
500
12.0
10.0
400
10.0
8.0
300
8.0
6.0
200
6.0
4.0
4.0
100
2.0
2.0
0
0.0
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 D J
F M A M J
J
A S
14
15
16
17
14
15
16
17
0.0
565 529
565 529
487
487 510 488 510 488
500
484 500 484
479 477
479 477
483 463
483 463
445 427
382
445 427
384 415
463 499
382 384
511 519
415
463 499 511 519
528 536 506 528 536
447 436
506 447
426 400
436 426
437 443
400 437 443
457 466 453
457
500 503 466
453
480
435 500 503 480
435
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 Assoc
98 | c o l d w e l l b a n k e r h o m e s . c o m 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 .