FL ARCHIVED January 2017 | Page 13

Market Action Report January 2017
Phone Community Information | School District

City : Plant City

Price Range : All | Properties : SFH - Con

Plant Agent City Name

Market Action Report January 2017

Phone Community Information | 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
$ 243,700
11 %
34 %
Average List Price of all Current Listings
$ 294,120
12 %
44 %
January Median Sales Price
$ 174,000
-13% -5%
24 %
2 %
$ 174,000
24 %
2 %
January Average Sales Price
$ 189,881
-3%
-1%
20 %
5 %
$ 189,881
20 %
5 %
Total Properties Currently for Sale ( Inventory )
148
-8%
-23%
January Number of Properties Sold
59
-8%
9 %
59
9 %
January Average Days on Market ( Solds )
56
-3%
-2% -19%
-2%
56
-19%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 115
16 %
6 %
21 %
7 %
$ 115
21 %
7 %
January Sold Price per Square Foot
$ 98
-8%
-5%
11 %
0 %
$ 98
11 %
0 %
January Month ' s Supply of Inventory
2.5
0 %
-4% -29% -10%
2.5
-29%
-10%
January Sale Price vs List Price Ratio
94.7 % -3.2% -1.8% . 3 %
-1.6%
94.7 %
0 %
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Number of Properties Sold
3 Mo Avg
Property Sales
100
January Property sales were 59 , up 9.3 % from 54 in January of
2016 and 7.8 % lower than the 64 sales last month . January
90
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to January of
100
80
January
2016 and Property 2015 . sales January were YTD 59 , up sales 9.3 % of from 59 are 54 running January 9.3 of %
2016 ahead and of 7.8 last % year lower ' s than year-to-date the 64 sales sales last of month 54 . . January
2017 sales were at their highest level compared to January of
90
80
70
60
2016 and 2015 . January YTD sales of 59 are running 9.3 %
70
50
ahead of last year ' s year-to-date sales of 54 .
60
40
50
30
40
20
30
10
20
0
10
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 $ 174,000 , up 24.3 %
Prices from $ 140,000 in January of 2016 and down 12.6 % from
The
$ 199,000 Median last Sales month Price . in The January Average was Sales $ 174,000 Price , up in 24.3 January % was
200 from
$ 189,881 $ 140,000 , up 20.3 in January % from of $ 2016 157,794 and in down January 12.6 % of from 2016 and
$ 199,000 last month . The Average Sales Price in January was
190 down 3.2 % from $ 196,110 last month . January 2017 ASP was at
$ 189,881 , up 20.3 % from $ 157,794 in January of 2016 and
180 the highest level compared to January of 2016 and 2015 . down 3.2 % from $ 196,110 last month . January 2017 ASP was at
170 the highest level compared to January of 2016 and 2015 .
160
150
140
130
120
F
M A M J
14
200
190
180
170
160
150
140
130
120
110
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
Median Sales Price and Average Sales Price
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
110
100
100
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
42 45 64 64 69 65 74 54 61 50 62 42 57 85 80 69 86 73 64 73 83 47 86 54 47 75 89 74 60 74 73 61 81 66 64 59
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
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
January Total Inventory was 148 , down of Properties 7.5 % from available 160 last for month sale as of and down
January
22.9 % from was 148 192 , down in January 7.5 % from of last 160 year last . month January and 2017 down Inventory
350
350
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
22.9 was % at from its lowest 192 in level January compared of last year with . January 2017 of 2016 Inventory and 2015
300 . was at its lowest level compared with January of 2016 and 2015 .
250
200
A comparatively lower MSI is more beneficial for sellers while
150 a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
January for sellers
2017 MSI while of a 2.5
100 higher MSI is better for buyers . The January 2017 MSI of 2.5 months was at its lowest level compared with January of 2016 months was at its lowest level compared with January of 2016
50 and 2015 . and 2015 .
0
7.0
250
6.0
200
5.0
150
4.0
100
3.0
2.0
50
1.0
0
0.0
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 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
14
14
15
15
16
16
17
17
298 297
42
14
298
287 45 64
Title
Website Other
64 69 65 74 54 61 50 62 42 57 85 80 69 86
281 297
282 287
290 281
288 282 289 290
279 288
283
289 289
279 271
283 265
289 249
271 270
243
265
256 249
268 270
248 243
236 256
239 268
15
73 248 233
64 236 190
73 239 192
83 233
188 47 86 54
16
47 75 89 74 60 74 73 61
176 190 171
192 185
188 186 176 198 171 206 185
180
186 182 188
198
160 206
148 180 182
81 188
66
160 64
148 59
17
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 c o l d w e l l b a n k e r h o m e s . c o m | 13
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 .