FL ARCHIVED January 2017 | Page 134

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

City : Wellington

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
$ 528,750
1 %
9 %
Average List Price of all Current Listings
$ 1,613,100
5 %
3 %
January Median Sales Price
$ 344,000
-2%
-4%
-7%
-6%
$ 344,000
-7%
-6%
January Average Sales Price
$ 633,314
54 %
27 %
29 %
6 %
$ 633,314
29 %
6 %
Total Properties Currently for Sale ( Inventory )
684
4 %
-8%
January Number of Properties Sold
72 -28%
-10%
72
-10%
January Average Days on Market ( Solds )
84
-3%
-8% -11% -13%
84
-11%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 306
-4%
13 %
32 %
23 %
$ 306
32 %
23 %
January Sold Price per Square Foot
$ 267
50 %
35 %
57 %
31 %
$ 267
58 %
31 %
January Month ' s Supply of Inventory
9.5
45 %
21 %
2 %
31 %
9.5
2 %
31 %
January Sale Price vs List Price Ratio
93.7 %
. 8 %
. 6 %
2.3 %
. 2 %
93.7 %
2 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Wellington Title

Phone Website Other

Community Information | School District

Property Sales
180
January Property sales were 72 , down 10.0 % from 80 in
January of 2016 and 28.0 % lower than the 100 sales last month .
160
Number of Properties Sold
3 Mo Avg
Property
January 2017 Sales sales were at their lowest level compared to
180
140
January Property of 2016 sales and 2015 were . 72 January , down 10.0 YTD % sales from of 8072 in are running
January of 2016 and 28.0 % lower than the 100 sales last month .
160
10.0 % behind last year ' s year-to-date sales of 80 .
120
January 2017 sales were at their lowest level compared to
140
100
January of 2016 and 2015 . January YTD sales of 72 are running
10.0 % behind last year ' s year-to-date sales of 80 .
120
80
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
F
M A M J
Prices
14
The Median Sales Price in January was $ 344,000 , down 6.9 %
1,000
Prices from $ 369,450 in January of 2016 and down 1.7 % from
The
$ 350,000 Median last Sales month Price . in The January Average was Sales $ 344,000 Price , down in January 6.9 % was
1,000
900 from
$ 633,314 $ 369,450 , up 28.9 in January % from of $ 2016 491,302 and in down January 1.7 % from of 2016 and up
$
54.1 350,000 % from last $ month 411,066 . The last Average month . Sales January Price 2017 in January ASP was was at the
900
800
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
$ highest 633,314 , level up 28.9 compared % from $ to 491,302 January in of January 2016 and of 2016 2015 and . up
54.1 % from $ 411,066 last month . January 2017 ASP was at the
800
700
highest level compared to January of 2016 and 2015 .
700
600
600
500
85 93 114 137 132 116
85 93 114 137 132 116 96 109 112 90 101 86 72 91 138 135 131 158 115 125 116 85 112 80 71 116 95 126 145 115 142 106 94 93 100 72
500 400
400 300 300
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
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 January Total Inventory was 684 , up of Properties 4.1 % from available 657 last for month sale as and of down 8.2 % 1,000
14.0
January from 745 was in 684 January , up 4.1 of % last from year 657 . last January month 2017 and Inventory down 8.2 % was 1,000 at
14.0 12.0 800 from its lowest 745 in level January compared of last year with . January 2017 of 2016 Inventory and 2015 was . at 12.0
800 10.0 its lowest level compared with January of 2016 and 2015 . 600
10.0 8.0
600 8.0
400 6.0
A comparatively lower MSI is more beneficial for sellers while a 400 6.0
4.0 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial January for 2017 sellers MSI while of a 9.5 200
4.0 higher months MSI was is better at a mid for level buyers compared . The January with January 2017 MSI of of 2016 9.5 and 200
2.0 months was at a mid level compared with January of 2016 and 2.0
2015 . 0
0.0 2015 .
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
15 16
17 14
15 16
17
96 109 112 90 101
831 824 814 797 789 794 780 816 804 807 801 840 892 884 857 815 769 759 711 699
Number of Properties Sold
86 72 91 138 135
831 824 814 797 789 794 780 816 804 807 801 840 892 884 857 815 769 131 158 115 125 116
759 711 699 741 722
85
741 722 685
745 800 824 685 112 80 71 116 95 126
817 764 754 709 683 740 690 145 115 142
697 657 684
106
745 800 824 817 764 754 709 683 740 690 697
94
3 Mo Avg
93
657
684 100 72
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
134 | 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 .