FL ARCHIVED February 2017 | Page 145

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

City : Merritt Island

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
$ 411,500
3 %
26 %
Average List Price of all Current Listings
$ 597,375
10 %
39 %
February Median Sales Price
$ 227,450
3 %
-5%
19 %
-4%
$ 223,500
13 %
-6%
February Average Sales Price
$ 275,063
1 %
-1%
19 %
1 %
$ 273,289
12 %
0 %
Total Properties Currently for Sale ( Inventory )
240
-3%
-19%
February Number of Properties Sold
62
9 %
-25%
119
-8%
February Average Days on Market ( Solds )
70
30 %
8 %
-20%
21 %
62
-23%
7 %
Asking Price per Square Foot ( based on New Listings )
$ 181
8 %
8 %
26 %
15 %
$ 174
17 %
11 %
February Sold Price per Square Foot
$ 131
-13% -7%
12 %
-3%
$ 140
17 %
4 %
February Month ' s Supply of Inventory
3.9 -11% -4%
8 %
9 %
4.1
-20%
15 %
February Sale Price vs List Price Ratio
92.9 % -2.5% -. 4 % -. 7 % -1.1%
94.1 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
February Property sales were 62 , down 25.3 % from 83 in
February of 2016 and 8.8 % higher than the 57 sales last month .
Property
February 2017 Sales sales were at a mid level compared to February
120 of
100
February
2016 and Property 2015 . February sales were YTD 62 , down sales 25.3 of 119 % from are running 83 8.5 %
February behind last of 2016 year and ' s year-to-date 8.8 % higher sales than of the 130 57 . sales last month .
February 2017 sales were at a mid level compared to February of
100
80
2016 and 2015 . February YTD sales of 119 are running 8.5 % behind last year ' s year-to-date sales of 130 .
80
60
60
40

Merritt Agent Island

Name
Title Phone Website Other

Community Information | School District

40 20
Number of Properties Sold
20 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
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 $ 227,450 , up 19.4 %
350
Prices from $ 190,500 in February of 2016 and up 3.4 % from Median Sales Price and Average Sales Price
3 Mo Avg The $ 220,000 Median last Sales month Price . in The February Average was Sales $ 227,450 Price , up in February 19.4 % was
330
350 from $ 275,063 $ 190,500 , up in 18.8 February % from of $ 231,446 2016 and in up February 3.4 % from of 2016 and up 310 $ 220,000 last month . The Average Sales Price in February was
330
1.4 % from $ 271,359 last month . February 2017 ASP was at the 290 $ 275,063 , up 18.8 % from $ 231,446 in February of 2016 and up 310 highest level compared to February of 2016 and 2015 .
270
1.4 % from $ 271,359 last month . February 2017 ASP was at the 290 250 highest level compared to February of 2016 and 2015 . 270
230 250
210 230
190 210
170
190 170
150
150 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 240 , of down Properties 3.2 % from available 248 for last sale month as of and down 500 February 19.5 % from was 298 240 , in down February 3.2 % from of last 248 year last . February month and 2017 down 500
8.0 400
19.5 Inventory % from 298 was in at February its lowest of level last compared year . February with 2017 February of 7.0
400 Inventory 2016 and was 2015 at . its lowest level compared with February of
6.0 300
2016 and 2015 . 300
5.0
200 4.0
A comparatively lower MSI is more beneficial for sellers while 200 a
3.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial February for sellers 2017 MSI while of a 3.9 100 higher MSI is better for buyers . The February 2017 MSI of 3.9
2.0 months was at a mid level compared with February of 2016 and 100 months was at a mid level compared with February of 2016 and
1.0 2015 .
0 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
75 95 85 82 92 76 78 94 58 75 61 52 81 99 103 102 100 109 91 89 55 73 47 83 87 91 96 95 84 91 91 69 71 65 57 62
441
75 95 85 82 92 76 78 94 58 75
Number of Properties Sold
437
419 441
340 437
326 419
331 340
316 326
301 331
330 316 320
301 363 330 388 320 375
363 364
388
382 375
342
364 345 320
382
287 342
293 345
306 320
316 287
314 293
298 306
61 52 81 99 103 102 100 109 91 89 55 316 293
73 314 288
47 298 272
83 293 293
87 288 288
91 272
260 96 293
252 246
95 288
250 84 260
254 91 252
3 Mo Avg
248 91 246 240
69 250
71 254
3 Mo Avg
65
248 57
240 62
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 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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