FL ARCHIVED January 2017 | Page 153

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

County : Martin

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
$ 419,000
2 %
9 %
Average List Price of all Current Listings
$ 830,182
5 %
18 %
January Median Sales Price
$ 265,000
-2%
-2%
-5%
-4%
$ 265,000
-5%
-4%
January Average Sales Price
$ 357,353
-13% -6%
-3%
-6%
$ 357,353
-3%
-6%
Total Properties Currently for Sale ( Inventory )
1,988
7 %
-1%
January Number of Properties Sold
229 -25%
-14%
229
-14%
January Average Days on Market ( Solds )
86
8 %
4 %
-4%
-3%
86
-4%
-3%
Asking Price per Square Foot ( based on New Listings )
$ 214
-2%
1 %
14 %
9 %
$ 214
14 %
9 %
January Sold Price per Square Foot
$ 169
0 %
1 %
8 %
3 %
$ 169
8 %
3 %
January Month ' s Supply of Inventory
8.7
43 %
16 %
14 %
46 %
8.7
14 %
46 %
January Sale Price vs List Price Ratio
92.9 %
. 5 %
-. 1 % 1.3 %
. 1 %
92.9 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
500
January Property sales were 229 , down 13.6 % from 265 in
January of 2016 and 25.4 % lower than the 307 sales last month .
450
Property
January 2017 Sales sales were at their lowest level compared to
500
400
January Property of 2016 sales and 2015 were . 229 January , down YTD 13.6 % sales from of 265 229 in are
January running of 13.6 2016 % and behind 25.4 last % lower year than ' s year-to-date the 307 sales sales last of month 265 . .
January 2017 sales were at their lowest level compared to
450
400
350
300
January of 2016 and 2015 . January YTD sales of 229 are
350
250
running 13.6 % behind last year ' s year-to-date sales of 265 .
300
200

Martin Agent County

Name
Title Phone Website Other

Community Information | School District

250 150
Number of Properties Sold
200
100
150
50
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in January was $ 265,000 , down 4.7 %
Prices from $ 278,000 in January of 2016 and down 1.9 % from
The
$ 270,000 Median last Sales month Price . in The January Average was Sales $ 265,000 Price , down in January 4.7 % was
450 from
$ 357,353 $ 278,000 , down in January 2.6 % from of 2016 $ 367,049 and down in January 1.9 % from of 2016 and
F
M A M J
14
450
400
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
$ down 270,000 13.0 last % from month $ . 410,674 The Average last month Sales Price . January in January 2017 was ASP was
$ 357,353 , down 2.6 % from $ 367,049 in January of 2016 and
400 at the lowest level compared to January of 2016 and 2015 .
350
down 13.0 % from $ 410,674 last month . January 2017 ASP was
at the lowest level compared to January of 2016 and 2015 .
350
300
300
250
253 294 376 402 347 347
253 294 376 402 347 347 353 333 306 269 347 281 308 393 404 435 469 368 326 324 331 272 317 265 299 381 413 420 432 375 319 318 262 247 307 229
250
200
200
F
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
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
The
January Total Inventory was 1,988 of , up Properties 6.6 % from available 1,865 last for sale month as of and down
3,000
January
1.2 % from was 2,013 1,988 , in up January 6.6 % from of last 1,865 year last . month January and 2017 down Inventory
3,000
2,500
1.2 was % from at its 2,013 lowest in level January compared of last year with . January 2017 of 2016 Inventory and 2015
2,500 . was at its lowest level compared with January of 2016 and 2015 .
2,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
12.0
10.0
8.0
2,000
1,500
8.0
6.0
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0 higher MSI is better for buyers . The January 2017 MSI of 8.7 higher months MSI was is better at its highest for buyers level . The compared January with 2017 January MSI of 8.7
500 of 2016
500
2.0 months and 2015 was
. at its highest level compared with January of 2016
0 and 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
4.0
2.0
0.0
2,663 2,644 2,566 2,515 2,419 2,317 2,256 2,225
353
2,250 333 306 269
2,663 2,644 2,566 2,515 2,419 2,317 2,256 2,225 2,250 2,225
347
2,225 2,165 2,237 2,255 2,138 2,057 1,922 1,857 1,835
Number of Properties Sold
281 308 393 404 435 469
2,165 2,237 2,255 2,138 2,057 1,922 1,857 1,835 368 326 324
1,789 1,801 1,911 331 272 317 265 299 381 413 420 432 375
1,789 1,801 1,911 1,892 1,848 2,013 2,087 2,060 2,056 1,962 1,862 1,864 1,821 1,839 1,890 1,919 1,865 1,988
3 Mo Avg
319 318 262 247
1,892
1,848 2,013 2,087 2,060 2,056 1,962 1,862 1,864 1,821 1,839 1,890 1,919 1,865 1,988
3 Mo Avg
307
229
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 | 153