FL ARCHIVED January 2017 | Page 100

Market Action Report January 2017
Weston Community Information Website | School District
Market Action Report January 2017

City : Weston

Price Range : All | Properties : SFH - Con
Agent Name

Weston Community Information Website | School District

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
$ 550,000
-3%
5 %
Average List Price of all Current Listings
$ 817,420
-1%
14 %
January Median Sales Price
$ 465,000
6 %
3 %
12 %
6 %
$ 465,000
12 %
6 %
January Average Sales Price
$ 597,219
29 %
17 %
30 %
22 %
$ 597,219
30 %
22 %
Total Properties Currently for Sale ( Inventory )
400
8 %
-3%
January Number of Properties Sold
48 -41%
-24%
48
-24%
January Average Days on Market ( Solds )
87
28 %
13 %
23 %
14 %
87
23 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 218
3 %
3 %
4 %
2 %
$ 218
4 %
2 %
January Sold Price per Square Foot
$ 208
9 %
5 %
11 %
6 %
$ 208
11 %
6 %
January Month ' s Supply of Inventory
8.3
83 %
24 %
27 %
50 %
8.3
27 %
50 %
January Sale Price vs List Price Ratio
94.5 %
-. 3 % -. 1 % -2.6% -. 4 %
94.5 %
-3%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Title Phone
Other
Number of Properties Sold
Property Sales
160
January Property sales were 48 , down 23.8 % from 63 in
January of 2016 and 40.7 % lower than the 81 sales last month .
140
Number of Properties Sold
3 Mo Avg
Property
January 2017 Sales sales were at their lowest level compared to
160
January Property of 2016 sales and 2015 were . 48 January , down 23.8 YTD % sales from of 6348 in are running
January of 2016 and 40.7 % lower than the 81 sales last month .
140
23.8 % behind last year ' s year-to-date sales of 63 .
January 2017 sales were at their lowest level compared to
120
January of 2016 and 2015 . January YTD sales of 48 are running
120
100
80
23.8 % behind last year ' s year-to-date sales of 63 .
100
60
80
40
60
20
40
0
20
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 M J
J
A S O N D
J
0
14
15
16
17
Prices
The Median Sales Price in January was $ 465,000 , up 11.8 %
Prices from $ 416,000 in January of 2016 and up 5.7 % from $ 440,000
The last Median month Sales . The Price Average in January Sales Price was $ in 465,000 January , up was 11.8 $ % 597,219 ,
600 from up 29.7 $ 416,000 % from in $ January 460,391 of in 2016 January and up of 2016 5.7 % and from up $ 440,000 28.7 % from
F
M A M J
14
600
550
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
last
$ 463,887 month . last The month Average . January Sales Price 2017 in January ASP was was at the $ 597,219 highest , level
550 up compared 29.7 % from to January $ 460,391 of in 2016 January and of 2015 2016 . and up 28.7 % from
500
$ 463,887 last month . January 2017 ASP was at the highest level
500
450
compared to January of 2016 and 2015 .
450
400
68 58 94 85 95 115 88 82 97 71 90 62 60 100 81 103
68 58 94 85 95 115 88 82 97 71 90 62 60 100 81 103 124 115 106 94 78 78 98 63 68 73 98 103 136 88 102 94 82 55 81 48
124 115 106 94 78 78 98 63 68 73 98 103 136 88 102 94 82
3 Mo Avg
55 81 48
400 350 300
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The January Total Inventory was 400 , of up Properties 8.4 % from available 369 last for month sale as and of down 3.1 % January from 413 was in 400 January , up 8.4 of % last from year 369 . January last month 2017 and Inventory down 3.1 % was 700 at from its lowest 413 in level January compared of last year with . January 2017 of 2016 Inventory and 2015 was . at 600 its lowest level compared with January of 2016 and 2015 . 500 400 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 January for 2017 sellers MSI while of a 8.3 200
higher months MSI was is better at its highest for buyers level . The compared January with 2017 January MSI of 8.3 of 2016 months was at its highest level compared with January of 2016
100 and 2015 . and 2015 .
0
350
300
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 M J
J
A S O N D
J
F
M
14 A 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
17
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
600
9.0
500
8.0
7.0
400
6.0
5.0
300
456
200 100
466
498 456
466 546
498 568
596 546
612 568
598 596
563 612 527 598
485 563
508 527
486 485
497 508
481 486
477
497 476 483
481
462 477
443 476
425 483 462
0 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 14
15 14
15 16
380 443 382
425
413
380 459
382 495
413 505
513 459
520 495 528 505
497 513
434 520
422 528
402 497
369 434
400 422
4.0
3.0
2.0
1.0
F M A M J
J
0.0
A S O N D J
F M A M J J A S O N D J 16
17
402 369 400
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
100 | 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 .