FL ARCHIVED February 2017 | Page 100

Market Action Report February 2017
Weston Community Information Website | School District
Market Action Report February 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
$ 575,000
6 %
8 %
Average List Price of all Current Listings
$ 840,566
5 %
17 %
February Median Sales Price
$ 399,000
-14% -8%
2 %
-9%
$ 428,000
6 %
-3%
February Average Sales Price
$ 443,314
-25% -9%
-3%
-10%
$ 513,909
12 %
5 %
Total Properties Currently for Sale ( Inventory )
403
-3%
-13%
February Number of Properties Sold
54
6 %
-21%
105
-20%
February Average Days on Market ( Solds )
70 -20% -8%
1 %
-8%
78
11 %
3 %
Asking Price per Square Foot ( based on New Listings )
$ 217
0 %
1 %
4 %
2 %
$ 217
3 %
2 %
February Sold Price per Square Foot
$ 192
-7%
-2%
3 %
-2%
$ 199
6 %
2 %
February Month ' s Supply of Inventory
7.5
-9%
10 %
10 %
34 %
7.8
17 %
40 %
February Sale Price vs List Price Ratio
93.7 % -1.1% -. 7 % -1.0% -1.3%
94.2 %
-2%
-1%
* 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
February Property sales were 54 , down 20.6 % from 68 in
February of 2016 and 5.9 % higher than the 51 sales last month .
140
Number of Properties Sold
3 Mo Avg
Property
February 2017 Sales sales were at their lowest level compared to
February Property of 2016 sales and 2015 were . 54 February , down 20.6 YTD % from sales 68 of in 105 are
February running of 19.8 2016 % behind and 5.9 % last higher year ' than s year-to-date the 51 sales sales last of month 131 ..
February 2017 sales were at their lowest level compared to
February of 2016 and 2015 . February YTD sales of 105 are
160
140
120
120
100
80
running 19.8 % behind last year ' s year-to-date sales of 131 .
100
60
80
40
60
20
40
0
20
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 399,000 , up 2.3 %
Prices from $ 390,000 in February of 2016 and down 14.2 % from
The
$ 465,000 Median last Sales month Price . in The February Average was Sales $ 399,000 Price , in up February 2.3 % was
600 from
$ 443,314 $ 390,000 , down in 2.7 February % from of $ 2016 455,476 and in down February 14.2 % of from 2016 and
M
A M J
14
600
550
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ down 465,000 24.7 last % month from $ . 588,657 The Average last month Sales Price . February in February 2017 was ASP was
550
$ at 443,314 a mid , range down 2.7 compared % from $ to 455,476 February in February of 2016 and of 2016 2015 and .
500
down 24.7 % from $ 588,657 last month . February 2017 ASP was
500
450
at a mid range compared to February of 2016 and 2015 .
450
400
58 94 85 95 115 88 82 97 71 90 62 60 100 81 104 124
58 94 85 95 115 88 82 97 71 90 62 60 100 81 104 124 115 106 94 78 78 98 63 68 73 98 103 136 88 103 94 82 56 81 51 54
115 106 94 78 78 98 63 68 73 98 103 136 88 103 94 82 56
3 Mo Avg
81 51 54
400 350 300
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The February Total Inventory was 403 , of down Properties 3.4 % from available 417 for last sale month as of and down February 12.6 % from was 461 403 , in down February 3.4 % from of last 417 year last . month February and 2017 down 700 12.6 Inventory % from 461 was in at February its lowest of level last year compared . February with 2017 February of 600 Inventory 2016 and was 2015 at . its lowest level compared with February of
500 2016 and 2015 .
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 February for sellers 2017 MSI while of a 7.5200
higher months MSI was is better at a mid for level buyers compared . The February with February 2017 MSI of of 2016 7.5 and months was at a mid level compared with February of 2016 and
100
2015 . 2015 .
0
350
300
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
14 M J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F
17
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
600
9.0
500
8.0
7.0
400
6.0
5.0
466
300 200 100
M 14
498
466 546
498 568
596 546
612 568
598 596
563 612
527 598 485 563
508 527
486 485
497 508
481 486
477 497
476
481 483 463
477
445 476
427 483
382 463
384 445
415 427
382 461
384 497
415 506
514 461
521 497
529 506 502 514
439 521
425 529
407 502
381 439
417 425
403 407
4.0
3.0
2.0
1.0
F M A M J
J
0.0
A S O N D J
0 M A M J J A S O N D J F M A M J J A S O N D J
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 N D J F 14
15 16
15 16
17
381 417 403
F
17
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
100 | 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 .