FL ARCHIVED February 2017 | Page 118

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

City : Pinecrest

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
$ 1,790,000
3 %
12 %
Average List Price of all Current Listings
$ 2,229,067
1 %
10 %
February Median Sales Price
$ 710,000
-17% -15% -20% -29%
$ 800,000
-17%
-20%
February Average Sales Price
$ 924,231
-6% -11% -29% -25%
$ 954,862
-26%
-23%
Total Properties Currently for Sale ( Inventory )
179
4 %
-10%
February Number of Properties Sold
13 -19%
8 %
29
12 %
February Average Days on Market ( Solds )
152
15 %
14 %
25 %
48 %
141
37 %
37 %
Asking Price per Square Foot ( based on New Listings )
$ 396
3 %
3 %
7 %
9 %
$ 389
4 %
7 %
February Sold Price per Square Foot
$ 267
-11% -8% -13% -14%
$ 286
-5%
-7%
February Month ' s Supply of Inventory
13.8
28 %
11 % -17%
20 %
12.3
-17%
7 %
February Sale Price vs List Price Ratio
87.0 %
-. 8 % -1.5% -4.5% -4.2%
87.4 %
-3%
-4%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales February Property sales were 13 , up 8.3 % from 12 in February of
2016 and 18.8 % lower than the 16 sales last month . February Property 2017 sales Sales were at a mid level compared to February of 2016 and 35
February 2015 . February Property YTD sales sales were of 1329 , up are 8.3 running % from 12 11.5 in % February ahead of of last 2016 year and ' s year-to-date 18.8 % lower sales than of the 2616 . sales last month . February 30 2017 sales were at a mid level compared to February of 2016 and 2015 . February YTD sales of 29 are running 11.5 % ahead of last 25 year ' s year-to-date sales of 26 .
20
Agent Name

Pinecrest Title

Phone Website Other

Community Information | School District

15 10
Number of Properties Sold
0
5 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
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 Prices
Median Sales Price and Average Sales Price
14 15
16
17 3 Mo Avg
The Median Sales Price in February was $ 710,000 , down 20.0 %
Prices from $ 887,500 in February of 2016 and down 17.2 % from 1,900
Median Sales Price and Average Sales Price
3 Mo Avg
The $ 857,500 Median last Sales month Price . in The February Average was Sales $ 710,000 Price , in down February 20.0 % was from $ 924,231 $ 887,500 , down in February 28.9 % from of 2016 $ 1,300,417 and down in February 17.2 % from of 2016 and 1,9001,700 $ down 857,500 5.7 last % from month $ 979,750 . The Average last month Sales . Price February in February 2017 ASP was was $ at 924,231 the lowest , down level 28.9 compared % from $ 1,300,417 to February in February of 2016 of and 2016 2015 and . 1,7001,500 down 5.7 % from $ 979,750 last month . February 2017 ASP was at the lowest level compared to February of 2016 and 2015 . 1,5001,300
1,100
35 30 25 20 15 10 5
20 16 29 21 22 25 28 22 17 24 13 17 20 20 24 27 33 21 18 15 15 15 14 12 15 24 20 28 24 23 17 15 15 13 16 13
1,3001,100
165
900
20
192
165 199 16 192
196 29 21 22 25 28 22 17
190 199
200 196
197 190
203 200
200 197 179 203
170 200
24 179
177
175 13 17
Number of Properties Sold
900
700
700
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 179 , of up Properties 4.1 % from available 172 last for month sale as and of down 10.1 %
February from 199 was in February 179 , up 4.1 of % last from year 172 . last February month and 2017 down Inventory 10.1 % was
250 from at a 199 mid in level February compared of last with year February . of 2017 2016 Inventory and 2015 was .
200 at a mid level compared with February of 2016 and 2015 .
150
A comparatively lower MSI is more beneficial for sellers while
100 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial February for sellers 2017 MSI while of a 13.8 higher months MSI was is better at a mid for level buyers compared . The February with February 2017 MSI of of 2016 13.8 and
50 months
2015 . was at a mid level compared with February of 2016 and
2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
250
18.0
200
16.0
14.0
150
12.0
10.0
100
8.0
6.0
50
4.0
2.0
0
0.0
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 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
17
14
15
16
17
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
20 20 24 27 33 21 18 15 15
3 Mo Avg
170 165
177
175 175
175
165 160 164
175
163 175
168 160
158 164
154 163
179 168
158 199
154 204
179 211
222 199
222 204 210 211
199 222
201 222
195 210
183 199
165 201
172 195
179 183
15 14 12 15 24 20 28 24 23 17 15
165 15
172
3 Mo Avg
13
179 16 13
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
118 | 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 .