FL ARCHIVED February 2017 | Page 134

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

City : Wellington

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
$ 529,450
1 %
9 %
Average List Price of all Current Listings
$ 1,645,531
2 %
9 %
February Median Sales Price
$ 377,500
10 %
5 %
14 %
3 %
$ 360,000
2 %
-2%
February Average Sales Price
$ 424,386
-32% -16% -13% -29%
$ 520,106
6 %
-13%
Total Properties Currently for Sale ( Inventory )
716
6 %
-11%
February Number of Properties Sold
80
7 %
13 %
155
3 %
February Average Days on Market ( Solds )
83
-5%
-9%
2 %
-14%
85
-3%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 297
-2%
6 %
12 %
20 %
$ 300
21 %
21 %
February Sold Price per Square Foot
$ 171
-35% -15% -2%
-16%
$ 215
25 %
5 %
February Month ' s Supply of Inventory
9.0
-1%
8 %
-21%
23 %
9.0
-13%
23 %
February Sale Price vs List Price Ratio
92.9 %
-. 5 % -. 1 % -1.6% -. 7 %
93.2 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Wellington Title

Phone Website Other

Community Information | School District

Property Sales
180
February Property sales were 80 , up 12.7 % from 71 in February of 2016 and 6.7 % higher than the 75 sales last month . February
160
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to February of
180
140
February
2016 and Property 2015 . February sales were YTD 80 , up sales 12.7 of % 155 from are 71 running February 2.6 % of 2016 and 6.7 % higher than the 75 sales last month . February
160 ahead of last year ' s year-to-date sales of 151 .
120
2017 sales were at their highest level compared to February of
140
100
2016 and 2015 . February YTD sales of 155 are running 2.6 % ahead of last year ' s year-to-date sales of 151 .
120
80
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
M
A M J
Prices
14
The Median Sales Price in February was $ 377,500 , up 14.4 %
1,000
Prices from $ 330,000 in February of 2016 and up 10.1 % from
The
$ 343,000 Median last Sales month Price . in The February Average was Sales $ 377,500 Price , in up February 14.4 % was
1,000
900 from
$ 424,386 $ 330,000 , down in February 12.9 % from of 2016 $ 487,135 and up in 10.1 February % from of 2016 and
$ down 343,000 31.8 last % from month $ . 622,208 The Average last month Sales Price . February in February 2017 was ASP was
900
800
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
$ at 424,386 the lowest , down level 12.9 compared % from $ 487,135 to February in February of 2016 of and 20162015 and . down 31.8 % from $ 622,208 last month . February 2017 ASP was
800
700
at the lowest level compared to February of 2016 and 2015 .
700
600
600
500
93 114 137 132 116 96
93 114 137 132 116 96 109 112 90 101 86 72 91 138 135 131 158 115 125 116 85 112 80 71 116 95 126 145 115 143 106 95 93 100 75 80
500 400
400 300 300
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
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 716 , of up Properties 5.9 % from available 676 last for month sale as and of down 1,000
14.0
February 10.5 % from was 800 716 , up in February 5.9 % from of 676 last last year month . February and down 2017 1,000
14.0 12.0 800
10.5 Inventory % from 800 was at in February its lowest of level last compared year . February with 2017 February of 12.0
800 10.0
Inventory 2016 and was 2015 at . its lowest level compared with February of 600
10.0 2016 and 2015 .
8.0 600
8.0 400
6.0
A comparatively lower MSI is more beneficial for sellers while a 400 6.0
4.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial February for sellers 2017 MSI while of a 9.0 200
4.0 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of 9.0 of 2016 200
2.0 months was at its lowest level compared with February of 2016 2.0 and 2015 . 0
0.0 and 2015 .
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
109 112 90 101 86
824 814 797 789 794 780 816 804 807 801 840 892 884 857 815 769 759 711 699
Number of Properties Sold
72 91 138 135
824 814 797 789 794 780 816 804 807 801 840 892 884 857 815 769 131 158 115 125 116
759 711 699 741 722
85
741 722 685
745 800
685 825 112 80 71 116 95 126
818 765 756 710 685 744 695
145
745 800 825 818 765 756 710
115 143 106
707 681 676 716
95 93 100
685 744 695 707 681 676 716
3 Mo Avg
75
80
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
134 | 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 .