FL ARCHIVED February 2017 | Page 35

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

City : Tarpon Springs

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
$ 359,450
3 %
27 %
Average List Price of all Current Listings
$ 522,935
7 %
22 %
February Median Sales Price
$ 224,000
-3%
8 %
12 %
7 %
$ 228,000
11 %
9 %
February Average Sales Price
$ 263,923
5 %
8 %
22 %
6 %
$ 258,061
13 %
4 %
Total Properties Currently for Sale ( Inventory )
244
-7%
-20%
February Number of Properties Sold
64
12 %
-6%
121
-2%
February Average Days on Market ( Solds )
79 -17%
4 %
-8%
10 %
86
13 %
19 %
Asking Price per Square Foot ( based on New Listings )
$ 153
-3%
3 %
11 %
9 %
$ 155
16 %
11 %
February Sold Price per Square Foot
$ 130
3 %
4 %
15 %
5 %
$ 129
13 %
4 %
February Month ' s Supply of Inventory
3.8 -17% -3% -15%
-4%
4.2
-18%
6 %
February Sale Price vs List Price Ratio
93.3 %
1.3 %
. 2 %
. 2 %
-. 6 %
92.7 %
-2%
-1%
* 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 64 , down 5.9 % from 68 in February of 2016 and 12.3 % higher than the 57 sales last month . Property Sales
100
February 2017 sales were at a mid level compared to February 120 of February Property sales were 64 , down 5.9 % from 68 in 2016 and 2015 . February YTD sales of 121 are running 1.6 % February of 2016 and 12.3 % higher than the 57 sales last month . 80 behind last year ' s year-to-date sales of 123 .
100
February 2017 sales were at a mid level compared to February of 2016 and 2015 . February YTD sales of 121 are running 1.6 %
80 60 behind last year ' s year-to-date sales of 123 .

Tarpon Agent Springs

Name
Title Phone Website Other

Community Information | School District

60 40
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
40 20
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
Prices
The Median Sales Price in February was $ 224,000 , up 12.3 %
Prices from $ 199,500 in February of 2016 and down 2.6 % from
The
$ 230,000 Median last Sales month Price . in The February Average was Sales $ 224,000 Price , in up February 12.3 % was from
$ 263,923 $ 199,500 , up in 22.0 February % from of $ 2016 216,318 and in down February 2.6 % of from 2016 and up
290
$
4.9 230,000
% from last
$ 251,479 month . The last month Average
. Sales February
Price 2017 in February
ASP was was at the
$ 263,923 , up 22.0 % from $ 216,318 in February of 2016 and up
270 highest level compared to February of 2016 and 2015 .
4.9 % from $ 251,479 last month . February 2017 ASP was at the
250
M
A M J
14
290
270
250
230
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
Median
15 Sales Price and Average
16 Sales Price
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
highest level compared to February of 2016 and 2015 .
230
210
210
190
190
170
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 M15A 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 244 , of down Properties 6.9 % from available 262 for last sale month as of and down
February was 244 , down 6.9 % from 262 last month and down
450
19.7 % from 304 in February of last year . February 2017
19.7 % from 304 in February of last year . February 2017
400
Inventory was at its lowest level compared with February of
Inventory was at its lowest level compared with February of
350
2016 and 2015 .
2016 and 2015 .
300
250
200
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The February 2017 MSI of 3.8 higher MSI is better for buyers . The February 2017 MSI of 3.8
100 months was at its lowest level compared with February of 2016 months was at its lowest level compared with February of 2016
50 and and 2015
2015 .
.
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
450
400
9.0
350
8.0
300
7.0
250
6.0
5.0
200
4.0
150
3.0
100
2.0
50
1.0
0
0.0
M
A
M AJ
MJ AJ
SJ
OA NS DO JN FDMJ
AFMM J
AJ
MA JS JO AN SD OJ
NF MD AJ
MF MJ JA AM SJ
OJ NAD
S J
OF N D J
F
14
14
15
15
16
16
17
17
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
51 71 69 66 69 72 57 52 74 73 49 57 92 86 78 92 92 77 78 66 47 76 55 68 91 62 90 103 75 68 65 66 65 76 57 64
403
51 71 69 66 69 72 57 52 74 73 49 57
398
395 403
407 398
392 395
395 407
390 392
407 395
392 390 400
407 408 392
402 400
396 408
382 402
383 396
92 349
382 86 336
383
78 92 92 77 78 66
338
325 349
311 336
299 338
310 325
318 311
304 299 47 76 55 68 91 62 90 103 75 68 65 66
313 310
289 318
290 304
281 313
273 289 261 290
269 281
270 273 281 261
259 269
262 270
244 281
65 259
76
262 57
244
64
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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