FL ARCHIVED February 2017 | Page 147

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

City : Palm Bay

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
$ 186,000
3 %
12 %
Average List Price of all Current Listings
$ 203,278
3 %
14 %
February Median Sales Price
$ 154,900
3 %
3 %
20 %
8 %
$ 153,210
20 %
7 %
February Average Sales Price
$ 164,831
5 %
6 %
22 %
10 %
$ 161,042
21 %
8 %
Total Properties Currently for Sale ( Inventory )
422
-6%
-6%
February Number of Properties Sold
141 -10%
-13%
298
-5%
February Average Days on Market ( Solds )
45 -12%
5 %
-17%
5 %
48
-11%
12 %
Asking Price per Square Foot ( based on New Listings )
$ 108
1 %
2 %
16 %
9 %
$ 107
15 %
8 %
February Sold Price per Square Foot
$ 99
2 %
2 %
17 %
7 %
$ 98
20 %
7 %
February Month ' s Supply of Inventory
3.0
5 %
11 %
8 %
28 %
2.9
-2%
25 %
February Sale Price vs List Price Ratio
94.8 % -1.0% -. 6 % -. 2 % -1.3%
95.3 %
0 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
February Property sales were 141 , down 13.5 % from 163 in
February of 2016 and 10.2 % lower than the 157 sales last month .
Property
February 2017 Sales sales were at their lowest level compared to
300
250
February Property of 2016 sales and 2015 were . 141 February , down 13.5 YTD % from sales 163 of 298 in are
February running of 5.42016 % behind and 10.2 last % year lower ' s than year-to-date the 157 sales sales last of 315 month . .
February 2017 sales were at their lowest level compared to
250
200
February of 2016 and 2015 . February YTD sales of 298 are running 5.4 % behind last year ' s year-to-date sales of 315 .
200
150
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in February was $ 154,900 , up 20.2 %
Prices from $ 128,900 in February of 2016 and up 3.3 % from The $ 150,000 Median last Sales month Price . in The February Average was Sales $ 154,900 Price , in up February 20.2 % was from $ 164,831 $ 128,900 , up 22.3 in February % from of $ 134,791 2016 and in up February 3.3 % from of 2016 and up 190 $ 4.6 150,000 % from last $ 157,639 month . The last Average month . Sales February Price 2017 in February ASP was was at the $ 164,831 , up 22.3 % from $ 134,791 in February of 2016 and up 170 highest level compared to February of 2016 and 2015 . 4.6 % from $ 157,639 last month . February 2017 ASP was at the 150
highest level compared to February of 2016 and 2015 . 130
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The February Total Inventory was 422 , of down Properties 6.0 % from available 449 for last sale month as of and down February 6.2 % from was 450 422 in , down February 6.0 % of from last 449 year last . February month and 2017 down 700 6.2 Inventory % from 450 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 3.0200
higher months MSI was is better at a mid for level buyers compared . The February with February 2017 MSI of of 2016 3.0 and months was at a mid level compared with February of 2016 and
100
2015 . 2015 .
0
100
50
0
110 90 70 50
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
14
15
16
17
M
A M J
14
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
3 Mo Avg
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
110
90
70
50
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 )
5.0
600
5.0
4.0
500
4.0
400
300
3.0
3.0
2.0
200
2.0
100
1.0
1.0
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
0.0
190 215 237 233 204 179 198 195 166 202 127 169 211 239 209 217 216 197 223 183 146 215 152 163 217 211 220 267 188 205 191 178 177 202 157 141
600 567
190 600 589
215 567 584
237 589 572
233 584 596
204 572 553
179 596
542 545
198 553
540 195
542 563
166
545 509
202
540 463
127
563
169 211 239 209 217 216 197 223 183 146
444 509
432 463
432
444 450 437
432
421 432
440 450
450 437
436 421
489 440
450 450
458 436
434 489
416 450
426 458
429 434 442
416 459 426 468 429 488 442
458 459
449 468
422 488
215 152 163 217 211 220 267 188 205 191 178 177 458
202
449 157
422
141
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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