Market Action Report January 2017
Community Information | School District
Market Action Report January 2017
City : Merritt Island
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 |
$ 399,900 |
2 % |
|
27 % |
|
|
|
|
Average List Price of all Current Listings |
$ 559,685 |
-1% |
|
32 % |
|
|
|
|
January Median Sales Price |
$ 220,000 |
-24% -12% |
6 % |
-8% |
$ 220,000 |
6 % |
-8% |
January Average Sales Price |
$ 274,667 |
-13% -3% |
4 % |
0 % |
$ 274,667 |
4 % |
0 % |
Total Properties Currently for Sale ( Inventory ) |
245 |
-4% |
-22% |
|
|
|
|
January Number of Properties Sold |
56 -14% |
19 % |
56 |
19 % |
January Average Days on Market ( Solds ) |
54 -16% -17% -21% |
-7% |
54 |
-21% |
-7% |
Asking Price per Square Foot ( based on New Listings ) |
$ 169 |
4 % |
3 % |
10 % |
7 % |
$ 169 |
10 % |
7 % |
January Sold Price per Square Foot |
$ 152 |
2 % |
7 % |
20 % |
12 % |
$ 152 |
21 % |
13 % |
January Month ' s Supply of Inventory |
4.4 |
12 % |
11 % -34% |
23 % |
4.4 |
-34% |
23 % |
January Sale Price vs List Price Ratio |
95.2 %
3.4 % 1.8 % 3.0 % 1.3 %
|
95.2 % |
3 % |
1 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales |
120 |
January Property sales were 56 , up 19.1 % from 47 in January of |
|
2016 and 13.8 % lower than the 65 sales last month . January
Property
2017 sales Sales were at a mid level compared to January of 2016 and
120
|
100 |
|
January
2015 . January Property YTD sales sales were of 56 56 , up are 19.1 running % from 19.1 47 in % January ahead of of last
2016 year and ' s year-to-date 13.8 % lower sales than of the 4765 . sales last month . January
100
2017 sales were at a mid level compared to January of 2016 and
|
80 |
2015 . January YTD sales of 56 are running 19.1 % ahead of last year ' s year-to-date sales of 47 . |
80 |
60 |
|
60 |
40 |
Merritt Agent Island
Name
Title Phone Website Other
Community Information | School District
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in January was $ 220,000 , up 5.8 % from
Prices $ 208,000 in January of 2016 and down 23.6 % from $ 288,000 The last Median month Sales . The Price Average in January Sales Price was $ in 220,000 January , up was 5.8 $ % 274,667 from ,
350
$ up 208,000 3.6 % from in January $ 265,014 of 2016 in January and down of 23.6 2016 % and from down $ 288,000 12.8 % last from month $ 314,971 . The Average last month Sales . January Price in 2017 January ASP was was $ 274,667 at the highest , up 3.6 % from $ 265,014 in January of 2016 and down 12.8 % 300 level compared to January of 2016 and 2015 . from $ 314,971 last month . January 2017 ASP was at the highest
level compared to January of 2016 and 2015 . 250
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The January Total Inventory was 245 , down of Properties 3.5 % from available 254 last for sale month as of and down January 21.7 % from was 245 313 , down in January 3.5 % from of last 254 year last . January month and 2017 down Inventory 500 21.7 was % at from its lowest 313 in January level compared of last year with . January 2017 of 2016 Inventory and 2015 .
400 was at its lowest level compared with January of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while 200 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial January for 2017 sellers MSI while of a 4.4
higher months MSI was is better at its lowest for buyers level . The compared January with 2017 January MSI of 4.4 of 2016 100 months and 2015 was . at its lowest level compared with January of 2016 and 2015 .
0
40
20
0
200
150
100
300
20
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 |
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
F
M A M J
14
|
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
|
3 Mo Avg |
350 |
|
Median Sales Price and Average Sales Price |
|
61 75 95 85 82 92 76 78 94 58 75 61 52 81 99 103 102 100 109 91 89 54 73 47 83 87 91 96 95 84 91 91 69 71 65 56
300
250
200
150
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 |
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 ) |
500 |
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
400
459
300 200 100
61 75 95 85 82 92 76 78 94 58
441
437 459
419 441
340 437
326 419
331 340
316 326
301 331 330
316 320 301 363 330 388 320 375
363 364
388
382
375 342 345
364
320 382
287 342
293 345
306 320
315 287
313 293
75
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
61 52 81 99 103 102 100 109 91 89
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 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
16 17
17
306 297
54 315 292
73 313 287
47 297 271
83 292 292
87 287
287 91 271
261 252
96 292
246 95 287
251 84 261
3 Mo Avg
254 91 252 245
91 246
69 251
71
254 65
245 56
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 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 .
c o l d w e l l b a n k e r h o m e s . c o m | 145