FL ARCHIVED January 2017 | Page 35

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

City : Tarpon Springs

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
$ 350,000
14 %
27 %
Average List Price of all Current Listings
$ 500,195
7 %
19 %
January Median Sales Price
$ 230,000
6 %
10 %
2 %
10 %
$ 230,000
2 %
10 %
January Average Sales Price
$ 251,479
2 %
1 %
3 %
1 %
$ 251,479
3 %
1 %
Total Properties Currently for Sale ( Inventory )
253
-1%
-20%
January Number of Properties Sold
57 -25%
4 %
57
4 %
January Average Days on Market ( Solds )
95
76 %
28 %
51 %
32 %
95
51 %
32 %
Asking Price per Square Foot ( based on New Listings )
$ 159
7 %
7 %
22 %
13 %
$ 159
22 %
13 %
January Sold Price per Square Foot
$ 126
0 %
1 %
10 %
2 %
$ 126
10 %
2 %
January Month ' s Supply of Inventory
4.4
32 %
10 % -23%
12 %
4.4
-23%
12 %
January Sale Price vs List Price Ratio
92.1 % -2.1% -1.5% -4.4% -1.9%
92.1 %
-4%
-2%
* 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 57 , up 3.6 % from 55 in January of 2016 and 25.0 % lower than the 76 sales last month . January Property Sales
100
2017 sales were at their highest level compared to January of 120 January Property sales were 57 , up 3.6 % from 55 in January of 2016 and 2015 . January YTD sales of 57 are running 3.6 % 2016 and 25.0 % lower than the 76 sales last month . January
80 ahead of last year ' s year-to-date sales of 55 .
100
2017 sales were at their highest level compared to January of 2016 and 2015 . January YTD sales of 57 are running 3.6 %
80 60 ahead of last year ' s year-to-date sales of 55 .

Tarpon Agent Springs

Name
Title Phone Website Other

Community Information | School District

60 40
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
40 20
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
0
14
15
16
17
Prices
The Median Sales Price in January was $ 230,000 , up 1.8 % from
Prices
$ 226,000 in January of 2016 and up 6.5 % from $ 216,000 last
The month Median . The Sales Average Price Sales in January Price was in January $ 230,000 was , up $ 251,479 1.8 % from , up
$
2.7 226,000 % from in $ January 244,750 of in 2016 January and up of 6.5 2016 % from and up $ 216,000 2.1 % from last
290 month
$ 246,271
. The last Average month Sales . January
Price in 2017 January
ASP was was $ at 251,479 the highest , up level
2.7 % from $ 244,750 in January of 2016 and up 2.1 % from
270 compared to January of 2016 and 2015 .
$ 246,271 last month . January 2017 ASP was at the highest level
250
F
M A M J
14
290
270
250
230
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
15 Sales Price and Average
16 Sales Price
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
compared to January of 2016 and 2015 .
230
210
210
190
190
170
170
150
150
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
M14 A M J
J
A S O N D
J
F M15A 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 253 , down of Properties 1.2 % from available 256 last for month sale as of and down
January was 253 , down 1.2 % from 256 last month and down
450
20.4 % from 318 in January of last year . January 2017 Inventory
20.4 % from 318 in January of last year . 2017 Inventory
400 was at its lowest level compared with January of 2016 and 2015 . was at its lowest level compared with January of 2016 and 2015 .
350
300
250
200
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The January 2017 MSI of 4.4 higher MSI is better for buyers . The January 2017 MSI of 4.4
100 months was at its lowest level compared with January of 2016 months was at its lowest level compared with January of 2016
50 and and 2015
2015 .
.
0
450
400
350
300
250
200
150
100
50
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
4.0
2.0
10.0
8.0
6.0
4.0
2.0
0.0
45 51 71 69 66 69 72 57 52 74 73 49 57 92 86 78 92 92 77 78 66 47 76 55 68 91 62 90 103 75 68 65 66 65 76 57
411
F 14
403 45 411 398
51 403
395 71 69 66 69 72 57 52
407 398
392 395
395 407
390 392
407 395 392
390
400 407 392
74
400
408 402
73 396
408 49 382
402 57 383
396 92
349 382
86
336
383 78 92
338
325 349
311 336
299 338
310 325
318 311
304 299
313 310
289 318
290 304 280 313
272 289
259 290
267 280
268 272 279 259
256 267
253 268
0.0
M FA M AJ
MJ AJ SJ OA NS DO JN FDM JA FM MJ
AJ MA JS JO AN DS OJ
NF MD AJ MF JM JA AM S J OJNAD SJ
O N D J
14
15 15
16 16
17 17
92 77 78 66 47 76 55 68 91 62 90 103 75 68 65
279 66 256
65
253 76 57
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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