FL ARCHIVED February 2017 | Page 98

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

City : Plantation

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
$ 414,950
4 %
25 %
Average List Price of all Current Listings
$ 563,975
9 %
32 %
February Median Sales Price
$ 330,000
21 %
10 %
20 %
10 %
$ 300,000
7 %
0 %
February Average Sales Price
$ 328,964
6 %
2 %
16 %
0 %
$ 319,007
0 %
-3%
Total Properties Currently for Sale ( Inventory )
406
-1%
-27%
February Number of Properties Sold
77 -16%
-21%
169
-6%
February Average Days on Market ( Solds )
68 -23% -6%
-1%
-12%
79
16 %
3 %
Asking Price per Square Foot ( based on New Listings )
$ 177
-2%
-1%
13 %
4 %
$ 178
10 %
4 %
February Sold Price per Square Foot
$ 152
4 %
0 %
9 %
0 %
$ 149
5 %
-2%
February Month ' s Supply of Inventory
5.3
18 %
14 %
-7%
16 %
4.9
-21%
7 %
February Sale Price vs List Price Ratio
94.9 %
. 3 %
-. 6 % -. 7 %
-. 7 %
94.7 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Plantation Title

Phone Website Other

Community Information | School District

Number of Properties Sold
Property Sales
180
February Property sales were 77 , down 21.4 % from 98 in
February of 2016 and 16.3 % lower than the 92 sales last month .
160
Number of Properties Sold
3 Mo Avg
Property
February 2017 Sales sales were at their lowest level compared to
180
140
February Property of 2016 sales and 2015 were . 77 February , down 21.4 YTD % from sales 98 of in 169 are
February running of 5.62016 % behind and 16.3 last % year lower ' s than year-to-date the 92 sales sales last of month 179 . .
160
120
February 2017 sales were at their lowest level compared to
140
100
February of 2016 and 2015 . February YTD sales of 169 are running 5.6 % behind last year ' s year-to-date sales of 179 .
120
80
100
60
80
40
60
20
40
0
20
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 $ 330,000 , up 19.6 %
Prices from $ 276,000 in February of 2016 and up 21.1 % from
The
$ 272,500 Median last Sales month Price . in The February Average was Sales $ 330,000 Price , in up February 19.6 % was
450 from
$ 328,964 $ 276,000 , up in 16.0 February % from of $ 283,661 2016 and in up February 21.1 % from of 2016 and up
M
A M J
14
450
400
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
$
5.9 272,500 % from last $ 310,673 month . The last Average month . Sales February Price 2017 in February ASP was was at the
400
$ highest 328,964 level , up 16.0 compared % from to $ 283,661 February in February of 2016 and of 2016 2015 and . up
350
5.9 % from $ 310,673 last month . February 2017 ASP was at the
350
300
highest level compared to February of 2016 and 2015 .
300
250
100 91 109 105 129 118 88 108 79 104 67 101 111 133 126 147
100 91 109 105 129 118 88 108 79 104 67 101 111 133 126 147 126 140 116 120 94 137 81 98 132 131 153 158 118 156 115 115 101 106 92 77
126 140 116 120 94 137 81 98 132 131 153 158 118 156 115 115 101
3 Mo Avg
106 92 77
250 200 150
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The February Total Inventory was 406 , of down Properties 1.5 % from available 412 for last sale month as of and down February 27.0 % from was 406 556 , in down February 1.5 % from of last 412 year last . month February and 2017 down 700 27.0 Inventory % from was 556 in at February its lowest of level last compared year . 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 5.3200
higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of 5.3 of 2016 months was at its lowest level compared with February of 2016
100 and 2015 . and 2015 .
0
200
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
600 500 400
507
300 200 100
M
14
547
549 507
559 547
562 549
567 559
556 562
569 567
580 556 530 569
563
580 586 530 588
563 592
586 593
588 589
592
557 553
593
556 589
565 557
539 553
517 556
534 565
556 539
517 601
534 610
599 556 598
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
F M A M J
J
0.0
A S O N D J
0 M A M J J A S O N D J F M A M J J A S O N D J
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
15 16
17
601 610 594
599
544 598
493 594
440 544
467 431
493 412
440
406 467 431 412 406
F
17
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
98 | 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 .