FL ARCHIVED February 2017 | Page 88

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

County : Broward

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
$ 305,000
2 %
25 %
Average List Price of all Current Listings
$ 576,631
2 %
24 %
February Median Sales Price
$ 210,000
-2%
-5%
1 %
-5%
$ 212,000
6 %
-5%
February Average Sales Price
$ 290,775
1 %
-2%
2 %
0 %
$ 288,805
2 %
-1%
Total Properties Currently for Sale ( Inventory )
12,446
-1%
-23%
February Number of Properties Sold
1,733
-3%
-21%
3,517
-15%
February Average Days on Market ( Solds )
78
4 %
3 %
-1%
-8%
77
-3%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 206
1 %
1 %
8 %
6 %
$ 205
7 %
5 %
February Sold Price per Square Foot
$ 168
1 %
0 %
7 %
4 %
$ 167
7 %
3 %
February Month ' s Supply of Inventory
7.2
2 %
12 %
-3%
25 %
7.1
-5%
24 %
February Sale Price vs List Price Ratio
94.5 %
-. 1 % -. 3 % -. 3 %
-. 6 %
94.6 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,500 February Property sales were 1,733 , down 20.5 % from 2,180 in
February of 2016 and 2.9 % lower than the 1,784 sales last 3,000 Property month . February Sales 2017 sales were at their lowest level compared 3,500
February to February Property of 2016 sales and were 2015 1,733 . February , down 20.5 YTD % from sales 2,180 of 3,517 in are 2,500 February running of 14.8 2016 % behind and 2.9 % last lower year than ' s year-to-date the 1,784 sales sales last of 4,127 . 3,000 month . February 2017 sales were at their lowest level compared 2,000 to February of 2016 and 2015 . February YTD sales of 3,517 are 2,500 running 14.8 % behind last year ' s year-to-date sales of 4,127 . 1,500
2,000
1,000 1,500
500 1,000
Agent Name

Broward County Title

Phone Website Other

Community Information | School District

Number of Properties Sold
500
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 $ 210,000 , up 1.2 %
Prices from $ 207,438 in February of 2016 and down 2.3 % from
The
$ 215,000 Median last Sales month Price . in The February Average was Sales $ 210,000 Price , in up February 1.2 % was
350 from
$ 290,775 $ 207,438 , up in 1.6 February % from $ of 286,310 2016 and in February down 2.3 % of from 2016 and up
$ 215,000 last month . The Average Sales Price in February was
330
1.4 % from $ 286,891 last month . February 2017 ASP was at the
$ 290,775 , up 1.6 % from $ 286,310 in February of 2016 and up
310 highest level compared to February of 2016 and 2015 .
1.4 % from $ 286,891 last month . February 2017 ASP was at the
290 highest level compared to February of 2016 and 2015 .
270
250
230
210
190
170
150
M
A M J
J
A S O
NMedian D
J
F M Sales A M J Price
J A S and O N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
14
15
16
17
3 Mo Avg
350
Median Sales Price and Average Sales Price
330
3 Mo Avg
310
290
270
250
230
210
190
170
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
The
February Total Inventory was 12,446 of Properties , down 1.0 % available from 12,568 for sale last of month and
18,000
February down 22.6 was % 12,446 from 16,089 , down 1.0 in % February from 12,568 of last last year month . February and
18,000
16,000 down 201722.6 Inventory % from was 16,089 at its in lowest February level of last compared year . February with February
16,000
14,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
2017 of 2016 Inventory and 2015 was . at its lowest level compared with February of 2016 and 2015 .
14,000
12,000
12,000
10,000
7.0
6.0
10,0008,000
5.0
A comparatively lower MSI is more beneficial for sellers while a
8,0006,000
A comparatively lower MSI is more beneficial for sellers while a
6,000 higher MSI is better for buyers . The February 2017 MSI of 7.2
4,000 higher MSI is better for buyers . The February 2017 MSI of 7.2
4,000 months was at its lowest level compared with February of 2016
2,000 months was at its lowest level compared with February of 2016
2,000 and 2015 .
0 and 2015 .
0
M
A M J
A J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
4.0
3.0
2.0
1.0
0.0
J A S O N D J
F
F
17
2,411 2,603 2,656 2,648 2,653 2,456 2,368 2,546 1,979 2,621 1,942 2,044 2,688 2,857 2,715 3,021 2,967 2,707 2,639 2,613 2,163 2,749 1,947 2,180 2,815 2,802 2,905 3,129 2,666 2,895 2,607 2,254 2,208 2,456 1,784 1,733
14,942 15,180 15,310 15,332 15,527 15,516 15,632 15,971 15,952 15,430 15,966 16,068 15,742 15,300 14,819 14,569 14,430 14,157 13,965 14,223 14,034 13,845
14,892
16,089
M
14
2,411 2,603 2,656 2,648 2,653 2,456 2,368 2,546 1,979
J A S O N D J
15
2,621 1,942
Number of Properties Sold
14,942 15,180 15,310 15,332 15,527 15,516 15,632 15,971 15,952 15,430 15,966 16,068 15,742 15,300 14,819 14,569 14,430 14,157 13,965 14,223 14,034
2,044 2,688 2,857 2,715 3,021 2,967 2,707 2,639 2,613
J A S O N D J
16
2,163 2,749 1,947 2,180
13,845 16,493
16,494 14,892 16,046 15,382
2,815 2,802 2,905 3,129 2,666
16,089 16,493 16,494 16,046 15,382 14,873 14,131
14,873
14,131 13,162 12,392 12,476 12,110 12,568
J A S O N D J 17
3 Mo Avg
2,895 2,607
12,446 2,254 2,208
13,162 12,392 12,476 12,110
3 Mo Avg
2,456 1,784
12,568 12,446
1,733
9.0 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
88 | c o l d w e l l b a n k e r h o m e s . c o m
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 .