FL ARCHIVED February 2017 | Page 68

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

City : Venice

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
$ 290,000
0 %
5 %
Average List Price of all Current Listings
$ 360,524
2 %
2 %
February Median Sales Price
$ 241,250
2 %
0 %
15 %
3 %
$ 239,950
9 %
2 %
February Average Sales Price
$ 281,811
6 %
2 %
21 %
7 %
$ 274,623
14 %
5 %
Total Properties Currently for Sale ( Inventory )
945
-0%
19 %
February Number of Properties Sold
184
24 %
16 %
332
4 %
February Average Days on Market ( Solds )
75
14 %
17 %
27 %
25 %
71
20 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 179
-1%
-1%
5 %
3 %
$ 180
5 %
3 %
February Sold Price per Square Foot
$ 174
6 %
5 %
12 %
9 %
$ 169
7 %
6 %
February Month ' s Supply of Inventory
5.1 -20% -0%
2 %
40 %
5.8
21 %
57 %
February Sale Price vs List Price Ratio
94.3 %
-. 6 % -. 7 % -1.0% -. 4 %
94.6 %
-1%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Venice

Number of Properties Sold
3 Mo Avg
Property Sales
350
February Property sales were 184 , up 16.5 % from 158 in
February of 2016 and 24.3 % higher than the 148 sales last
300
Number of Properties Sold
3 Mo Avg
Property month . February Sales 2017 sales were at their highest level
350
February compared Property to February sales were of 2016 184 , and up 16.5 2015 %. from February 158 in YTD sales of February
332 are running of 2016 and 4.424.3 % ahead % higher of last than year the ' s 148 year-to-date sales last sales of
300 month
318 . . February 2017 sales were at their highest level compared to February of 2016 and 2015 . February YTD sales of
250
332 are running 4.4 % ahead of last year ' s year-to-date sales of
250
200
150
318 .
200
100
150
100
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 241,250 , up 15.2 %
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
Prices from $ 209,500 in February of 2016 and up 1.8 % from
The
$ 237,000 Median last Sales month Price . in The February Average was Sales $ 241,250 Price , in up February 15.2 % was from
$ 281,811 $ 209,500 , up 21.3 in February % from $ of 232,313 2016 and in February up 1.8 % from of 2016 and up
290
$
6.1 237,000 % from last $ 265,686 month . The last Average month . Sales February Price 2017 in February ASP was was at the
$ 281,811 , up 21.3 % from $ 232,313 in February of 2016 and up
270 highest level compared to February of 2016 and 2015 .
6.1 % from $ 265,686 last month . February 2017 ASP was at the
250
290
270
250
230
Median Sales Price and Average Sales Price
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 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 945 , of down Properties 0.2 % from available 947 for last sale month as of and up
1,000
February
19.2 % from was 793 945 , in down February 0.2 % from of last 947 year last . month February and 2017 up
1,000
7.0
800
19.2
Inventory % from 793 was in at February its highest of level last year compared . February with 2017 February of
6.0
800
Inventory
2016 and was 2015 at . its highest level compared with February of
600
5.0
2016 and 2015 .
600
4.0
400
A comparatively lower MSI is more beneficial for sellers while a
400
3.0
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial February for sellers 2017 MSI while of a 5.1
200
2.0 higher months MSI was is better at its highest for buyers level . The compared February with 2017 February MSI of 5.1 of
2016200 months was at its highest level compared with February of 2016
1.0 and 2015 .
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
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
241 267
241 267 243 226 211 222 199 210 163 195 139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 148 184
903 873
818
Agent Name
243
Title Phone Website Other

Community Information | School District

903 873
818
226 211 222 199 210 163
746 709 658 685 671 694 195 139 174
746 709 658 685 671 694 720 749 742 742 689 642 265 291 278
720 749 742 742 689 642
242 266 214
565 550 499
503 617
565 550 499 503 524
595
195 191 165 197 160 158 236 251 251 233
723 793
847 771 751 725 696 694 690
751
524 595 617
723 793
220
847 771 751 725 696 694
815
850 206 207
947 945
690 751
206 189
815 850
219 148
947 945
184
68 | c o l d w e l l b a n k e r h o m e s . c o m
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 .