FL ARCHIVED January 2017 | Page 68

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

City : Venice

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
$ 294,700
1 %
6 %
Average List Price of all Current Listings
$ 358,332
-1%
1 %
January Median Sales Price
$ 233,500
-1%
-3%
-1%
-1%
$ 233,500
-1%
-1%
January Average Sales Price
$ 263,874
-4%
-2%
6 %
1 %
$ 263,874
6 %
1 %
Total Properties Currently for Sale ( Inventory )
927
10 %
28 %
January Number of Properties Sold
146 -33%
-9%
146
-9%
January Average Days on Market ( Solds )
67
6 %
12 %
14 %
12 %
67
14 %
12 %
Asking Price per Square Foot ( based on New Listings )
$ 183
0 %
1 %
5 %
5 %
$ 183
5 %
5 %
January Sold Price per Square Foot
$ 163
2 %
1 %
1 %
2 %
$ 163
1 %
2 %
January Month ' s Supply of Inventory
6.3
66 %
32 %
41 %
74 %
6.3
41 %
74 %
January Sale Price vs List Price Ratio
94.8 %
-. 4 % -. 5 % -. 3 %
. 1 %
94.8 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350
January Property sales were 146 , down 8.8 % from 160 in
January of 2016 and 33.3 % lower than the 219 sales last month .
300
Property
January 2017 Sales sales were at a mid level compared to January of
350
January
2016 and Property 2015 . sales January were YTD 146 , sales down of 8.8 146 % from are running 160 8.8 %
250
January behind of last 2016 year and ' s year-to-date 33.3 % lower sales than the of 160 219 . sales last month .
January 2017 sales were at a mid level compared to January of
300
200
2016 and 2015 . January YTD sales of 146 are running 8.8 %
250
behind last year ' s year-to-date sales of 160 .
150
200
100
150
100
50
Number of Properties Sold
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
0
14
15
16
17
Prices
The Median Sales Price in January was $ 233,500 , down 0.6 %
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
Prices from $ 235,000 in January of 2016 and down 1.1 % from
The
$ 236,000 Median last Sales month Price . in The January Average was Sales $ 233,500 Price , down in January 0.6 % was from
$ 263,874 $ 235,000 , up 6.3 in January % from of $ 248,243 2016 and in down January 1.1 % of from 2016 and down
290
290
270
Median Sales Price and Average Sales Price
3 Mo Avg
$
3.7 236,000 % from last $ 274,042 month . The last Average month . Sales January Price 2017 in January ASP was was at the
$ 263,874 , up 6.3 % from $ 248,243 in January of 2016 and down
270 highest level compared to January of 2016 and 2015 .
3.7 % from $ 274,042 last month . January 2017 ASP was at the
250
250
230
highest level compared to January of 2016 and 2015 .
230
210
210 190
190 170

Venice

158 241
158 241 267 243 226 211 222 199 210 163 195 139 174 265 291 278 242 266 214 195 191 165 197 160 158 236 251 251 233 220 206 207 206 189 219 146
170
150
150
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 927 , up of Properties 10.4 % from available 840 last for month sale as and of up 28.2 %
1,200
January from 723 was in 927 January , up 10.4 of % last from year 840 . January last month 2017 and Inventory up 28.2 % was
1,200 at
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
from its highest 723 in January level compared of last year with . January 2017 of 2016 Inventory and 2015 was . at
1,000 its highest level compared with January of 2016 and 2015 .
800
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The January 2017 MSI of 6.3 higher months MSI was is better at its highest for buyers level . The compared January with 2017 January MSI of 6.3 of 2016
200 months and 2015 was
. at its highest level compared with January of 2016 and 2015 .
0
6.0
800
5.0
600
4.0
400
3.0
2.0
200
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
5.0
4.0
3.0
2.0
1.0
0.0
980 903 873 818 746 709
Agent Name
267
Title Phone Website Other

Community Information | School District

243 226
980 903 873 818
746 211 222 199 210
709 658 685 671 163 195
658 685 671 694 720 749 742 742 689 642 565 550 499
Number of Properties Sold
139 174 265 291 278
694 720 749 742 742 689 642
242 266 214
503
524 595 617 195 191 165
565 550 499 503 524 595 617
197
723 160 158 236 251
723 793 847 771 751 725 695 693
251 233
689 749 808
220
793
847 771 751 725 695 693
3 Mo Avg
206
840
927 207 206
689 749 808
3 Mo Avg
189 219
840 927
146
68 | c o l d w e l l b a n k e r h o m e s . c o m
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 .