FL ARCHIVED February 2017 | Page 92

Market Action Report February 2017 Agent Name
Phone Community Information Website | School District Other
Market Action Report February 2017 Agent Name

Fort City : Fort Lauderdale / Fort Lauderdale Beach Title

Phone Community Information Website | School District Other

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
$ 479,950
3 %
12 %
Average List Price of all Current Listings
$ 1,105,533
2 %
16 %
February Median Sales Price
$ 284,000
10 %
-2%
7 %
1 %
$ 270,500
4 %
-3%
February Average Sales Price
$ 499,118
12 %
-2%
-0%
8 %
$ 470,213
3 %
2 %
Total Properties Currently for Sale ( Inventory )
2,330
-2%
-14%
February Number of Properties Sold
204 -14%
-30%
440
-17%
February Average Days on Market ( Solds )
90
-1%
-4%
-3%
-16%
91
-6%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 342
9 %
4 %
10 %
10 %
$ 328
4 %
5 %
February Sold Price per Square Foot
$ 258
3 %
-3%
1 %
4 %
$ 254
5 %
3 %
February Month ' s Supply of Inventory
11.4
14 %
19 %
22 %
41 %
10.7
9 %
32 %
February Sale Price vs List Price Ratio
94.6 %
1.5 %
. 7 %
. 0 %
. 6 %
93.8 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Number of Properties Sold
Property Sales
450
February Property sales were 204 , down 29.7 % from 290 in
February of 2016 and 13.6 % lower than the 236 sales last
400
Number of Properties Sold
3 Mo Avg
Property month . February Sales 2017 sales were at their lowest level compared
450
350
February to February Property of 2016 sales and were 2015 204 . , February down 29.7 YTD % from sales 290 of in 440 are
February of 2016 and 13.6 % lower than the 236 sales last
400 running 16.8 % behind last year ' s year-to-date sales of 529 .
300
month . February 2017 sales were at their lowest level compared
350
250
to February of 2016 and 2015 . February YTD sales of 440 are running 16.8 % behind last year ' s year-to-date sales of 529 .
300
200
250
150
200
100
150
50
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 284,000 , up 7.2 %
Prices from $ 265,000 in February of 2016 and up 9.8 % from
The
$ 258,750 Median last Sales month Price . in The February Average was Sales $ 284,000 Price , in up February 7.2 % was
600 from
$ 499,118 $ 265,000 , down in 0.2 February % from of $ 2016 499,921 and in up February 9.8 % from of 2016 and
$ up 258,750 12.1 % last from month $ 445,227 . The Average last month Sales . February Price in February 2017 ASP was was at
550
$ a 499,118 mid range , down compared 0.2 % from to $ February 499,921 in of February 2016 and of 2015 2016 . and
500
M
A M J
14
600
550
500
450
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
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
up 12.1 % from $ 445,227 last month . February 2017 ASP was at a mid range compared to February of 2016 and 2015 .
450
400
400
350
350
300
300
250
277 342 356 354 319 272
277 342 356 354 319 272 306 273 236 343 242 254 373 347 361 370 394 315 354 305 257 348 239 290 362 337 344 359 297 303 330 267 278 299 236 204
250 200 200
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 2,330 of , Properties down 1.5 % available from 2,366 for sale last as month of and 3,000
12.0
February down 14.2 was % 2,330 from , 2,716 down in 1.5 February % from 2,366 of last last year month . February and 2017 3,000 12.0
2,500 10.0 down Inventory 14.2 % was from at 2,716 its lowest in February level compared of last year with . February 2017 of 2,500 10.0
Inventory 2016 and was 2015 at . its lowest level compared with February of 2,000 8.0
2016 and 2015 . 2,000
8.0 1,500
6.0
1,500 6.0
A comparatively lower MSI is more beneficial for sellers while a 1,000 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0 higher MSI is better for buyers . The February 2017 MSI of 11.4 higher months MSI was is better at its highest for buyers level . The compared February with 2017 February MSI of 11.4 500
2.0 of 2016500
2.0 months and 2015 was . at its highest level compared with February of 2016 0
0.0 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
306 273 236
2,231 2,269 2,232 2,224 2,236 2,238 2,313 2,395 2,395
2,231 2,269 2,232 2,224 2,236 2,238 2,313 2,395 2,395 2,343 2,521 2,596 2,459 2,439 2,369 2,324 2,310 2,258 2,233 2,322 2,363 2,308
2,479
343 242 254 373 347 361 370 394 315 354
2,343 2,521 2,596 2,459 2,439 2,369 2,324 2,310 2,258 2,233 2,322 305 257 348 239
2,363 2,716
2,308 2,697 2,699 2,638
290 362 337 344 359 297 303 330
2,479 2,716 2,697 2,699 2,638 2,567 2,474 2,402 2,271 2,273 2,297
2,567 2,474 2,402 2,271 2,273 2,297 2,227 2,366 2,330
267 278 299
2,227 2,366 2,330
3 Mo Avg
236
204
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
92 | 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 .