FL ARCHIVED February 2017 | Page 143

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

City : Melbourne

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
$ 289,000
9 %
9 %
Average List Price of all Current Listings
$ 364,145
6 %
17 %
February Median Sales Price
$ 235,000
10 %
15 %
26 %
15 %
$ 225,000
22 %
10 %
February Average Sales Price
$ 245,253
-5%
2 %
15 %
4 %
$ 251,517
16 %
7 %
Total Properties Currently for Sale ( Inventory )
523
-7%
-22%
February Number of Properties Sold
165
-9%
-9%
347
-3%
February Average Days on Market ( Solds )
58
7 %
16 %
14 %
18 %
56
4 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 138
-2%
1 %
13 %
5 %
$ 140
14 %
7 %
February Sold Price per Square Foot
$ 127
-2%
3 %
16 %
7 %
$ 128
16 %
8 %
February Month ' s Supply of Inventory
3.2
2 %
8 %
-14%
17 %
3.1
-18%
16 %
February Sale Price vs List Price Ratio
95.3 %
. 4 %
. 6 %
. 5 %
. 1 %
95.1 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
February Property sales were 165 , down 9.3 % from 182 in
February of 2016 and 9.3 % lower than the 182 sales last month .
300
Property
February 2017 Sales sales were at their lowest level compared to
350
February Property of 2016 sales and 2015 were . 165 February , down 9.3 YTD % from sales 182 of 347 in are
250
February running of 2.5 2016 % behind and 9.3 last % lower year ' s than year-to-date the 182 sales sales last of month 356 . .
February 2017 sales were at their lowest level compared to
300
200
February of 2016 and 2015 . February YTD sales of 347 are
250
running 2.5 % behind last year ' s year-to-date sales of 356 .
150
200
100
150
100
50
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The February Total Inventory was 523 , of down Properties 7.4 % from available 565 for last sale month as of and down February 21.9 % from was 670 523 , in down February 7.4 % from of last 565 year last . month February and 2017 down 21.9 Inventory % from 670 was in at February its lowest of level last compared year . February with 2017 February of Inventory 2016 and was 2015 at . its lowest level compared with February of 2016 and 2015 .
Number of Properties Sold
50
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 235,000 , up 25.9 %
Prices from $ 186,605 in February of 2016 and up 10.3 % from
The
$ 213,000 Median last Sales month Price . in The February Average was Sales $ 235,000 Price , in up February 25.9 % was
300 from
$ 245,253 $ 186,605 , up in 15.4 February % from of $ 212,476 2016 and in up February 10.3 % from of 2016 and
$ 213,000 last month . The Average Sales Price in February was
280 down 4.6 % from $ 257,196 last month . February 2017 ASP was
$ 245,253 , up 15.4 % from $ 212,476 in of 2016 and
260 at the highest level compared to February of 2016 and 2015 . down 4.6 % from $ 257,196 last month . February 2017 ASP was
240 at the highest level compared to February of 2016 and 2015 .
220
200
180
160
140
120
M
A M J
14
300
280
260
240
220
200
180
160
140
120
100
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
100
900 800 700 600 500
A comparatively lower MSI is more beneficial for sellers while
400 a A comparatively lower MSI is more beneficial for sellers while a 300 higher MSI is better for buyers . The February 2017 MSI of 3.2 higher MSI is better for buyers . The February 2017 MSI of 3.2 200 months was at its lowest level compared with February of 2016 months was at its lowest level compared with February of 2016 100 and 2015 . and 2015 .
0

Melbourne

Agent Name
Title Phone Website Other

Community Information | School District

225 226 243 219 237 261 218 225 177 235 180 204 254 216 260 270 279 247 227 197 192 207 174 182 262 260 278 292 284 237 253 209 199 230 182 165
M 14
900 800 700 600
769
500 400 300 200 100 0
M
14
225 226 243 219 237 261 218 225 177 235
Number of Properties Sold
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
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
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
736
774 769
763 736
759 774
704 763
671 759
688 704
681 671 631 688
642 681
648 631
664 642
660 648
663 664
665
660 643 622
663
624 665
659 643
676 622
667 624
686 659
670 676
180 204 254 216 260
634 641
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
F M A M J
J
0.0
A S O N D J
F
17
17
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
14 15
16 15
16
270 279 247 227 197 192 667
207 686
174 670 592
182 634 652
262 641 635
260 592
605 278 652
583 608
292 635
615 284 605
578 237 583
3 Mo Avg
565 253 608 523
209 615
199 578
3 Mo Avg
230
565 182
523
F
165
4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
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 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 .
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