FL ARCHIVED January 2017 | Page 147

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

City : Palm Bay

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
$ 185,000
3 %
16 %
Average List Price of all Current Listings
$ 202,384
3 %
12 %
January Median Sales Price
$ 150,000
3 %
1 %
19 %
5 %
$ 150,000
19 %
5 %
January Average Sales Price
$ 157,520
5 %
3 %
20 %
5 %
$ 157,520
20 %
5 %
Total Properties Currently for Sale ( Inventory )
407
-7%
-17%
January Number of Properties Sold
146 -27%
-4%
146
-4%
January Average Days on Market ( Solds )
51
38 %
24 %
-6%
19 %
51
-6%
19 %
Asking Price per Square Foot ( based on New Listings )
$ 107
3 %
1 %
15 %
8 %
$ 107
15 %
8 %
January Sold Price per Square Foot
$ 97
0 %
1 %
21 %
5 %
$ 97
21 %
5 %
January Month ' s Supply of Inventory
2.8
28 %
9 %
-13%
20 %
2.8
-13%
20 %
January Sale Price vs List Price Ratio
95.6 %
. 3 %
. 1 %
. 3 %
-. 4 %
95.6 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
January Property sales were 146 , down 3.9 % from 152 in
January of 2016 and 27.4 % lower than the 201 sales last month .
Property
January 2017 Sales sales were at a mid level compared to January of
300
250
January
2016 and Property 2015 . sales January were YTD 146 , sales down of 3.9 146 % from are running 152 3.9 %
January behind of last 2016 year and ' s year-to-date 27.4 % lower sales than the of 152 201 . sales last month .
January 2017 sales were at a mid level compared to January of
250
200
2016 and 2015 . January YTD sales of 146 are running 3.9 % behind last year ' s year-to-date sales of 152 .
200
150
150
100

Palm Agent Bay 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 $ 150,000 , up 18.9 %
Prices from $ 126,200 in January of 2016 and up 3.4 % from $ 145,000 The last Median month Sales . The Price Average in January Sales Price was $ in 150,000 January , up was 18.9 $ % 157,520 , from up 19.8 $ 126,200 % from in $ January 131,526 of in 2016 January and of up 2016 3.4 % and from up $ 145,000 5.2 % from 190 last $ 149,667 month . last The month Average . January Sales Price 2017 in January ASP was was at the $ 157,520 highest , level up 19.8 % from $ 131,526 in January of 2016 and up 5.2 % from 170 compared to January of 2016 and 2015 . $ 149,667 last month . January 2017 ASP was at the highest level 150
compared to January of 2016 and 2015 . 130
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The January Total Inventory was 407 , down of Properties 7.3 % from available 439 last for sale month as of and down January 16.8 % from was 407 489 , down in January 7.3 % from of last 439 year last . month January and 2017 down Inventory 700 16.8 was % at from its lowest 489 in level January compared of last year with . January 2017 of 2016 Inventory and 2015 600 . was at 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 2.8 200
higher months MSI was is better at its lowest for buyers level . The compared January with 2017 January MSI of 2.8 of 2016 months was at its lowest level compared with January of 2016
100 and 2015 . and 2015 .
0
100
50
0
110 90 70 50
50
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
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
110
90
70
50
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 )
5.0
600
5.0
4.0
500
4.0
400
300
3.0
3.0
2.0
200
2.0
100
1.0
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
15
16
17
14
15
16
17
0.0
165 190 215 237 233 204 179 198 195 166 202 127 169 211 239 209 217 216 197 223 183 145 215 152 163 217 211 220 267 188 205 191 178 177 201 146
637 600
165 637 567
190 600 589
215 567 584
237 589 572
233 584 596
204 572
553 542
179 596
545 198 553
540 195
542 563
166
545 509
202
540 463
127
563
169 211 239 209 217 216 197 223 183 145
444 509
432
463 432 450
444
437 432
421 432
440 450
450 437
436 421
489 440
450 450
458 436
433 489
415 450
426 458 429
433 442 415 458 426 462 429 481 442
439 458
407 462
215 152 163 217 211 220 267 188 205 191 178 481
177
439 201
407
146
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 .
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