FL ARCHIVED January 2017 | Page 88

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

County : Broward

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
$ 300,000
1 %
25 %
Average List Price of all Current Listings
$ 579,534
1 %
24 %
January Median Sales Price
$ 215,000
-7%
-4%
11 %
-3%
$ 215,000
11 %
-3%
January Average Sales Price
$ 293,873
-3%
-2%
6 %
1 %
$ 293,873
6 %
1 %
Total Properties Currently for Sale ( Inventory )
12,327
3 %
-17%
January Number of Properties Sold
1,629 -33%
-16%
1,629
-16%
January Average Days on Market ( Solds )
76
4 %
-3%
-3%
-11%
76
-3%
-11%
Asking Price per Square Foot ( based on New Listings )
$ 204
3 %
0 %
6 %
4 %
$ 204
6 %
4 %
January Sold Price per Square Foot
$ 169
-2%
1 %
9 %
4 %
$ 169
9 %
4 %
January Month ' s Supply of Inventory
7.6
53 %
25 %
-1%
32 %
7.6
-1%
32 %
January Sale Price vs List Price Ratio
94.5 %
-. 4 % -. 4 % -. 2 %
-. 6 %
94.5 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,500 January Property sales were 1,629 , down 16.3 % from 1,947 in
January of 2016 and 32.6 % lower than the 2,416 sales last 3,000 Property month . January Sales 2017 sales were at their lowest level compared 3,500
January to January Property of 2016 sales and were 2015 1,629 . January , down 16.3 YTD % sales from of 1,947 1,629 in are 2,500 January running of 16.3 2016 % and behind 32.6 last % lower year than ' s year-to-date the 2,416 sales sales last of 1,947 . 3,000 month . January 2017 sales were at their lowest level compared 2,000 to January of 2016 and 2015 . January YTD sales of 1,629 are 2,500 running 16.3 % behind last year ' s year-to-date sales of 1,947 . 1,500
2,000
1,000 1,500
500 1,000
Agent Name

Broward County Title

Phone Website Other

Community Information | School District

Number of Properties Sold
2,009 2,410 2,603 2,656 2,648 2,653 2,456 2,368 2,546 1,978 2,621 1,942 2,044 2,687 2,856 2,714 3,021 2,967 2,706 2,638 2,611 2,163 2,747 1,947 2,178 2,813 2,801 2,900 3,126 2,661 2,881 2,595 2,245 2,190 2,416 1,629
14,780 14,938 15,175 15,304 15,327 15,522 15,511 15,627 15,966 15,946 15,424 15,961 16,064 15,739 15,297 14,815 14,562 14,424 14,142 13,949 14,203 14,006 13,814
14,854
16,045
F
14
2,009 2,410 2,603 2,656 2,648 2,653 2,456 2,368 2,546 1,978
J A S O N D J 15
2,621
Number of Properties Sold
500
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 $ 215,000 , up 11.1 % from
Prices
$ 193,500 in January of 2016 and down 7.3 % from $ 232,000
The last Median month Sales . The Price Average in January Sales Price was $ in 215,000 January , up was 11.1 $ % 293,873 from ,
350
$ up 193,500 5.9 % in from January $ 277,443 of 2016 in January and down of 7.3 2016 % from and $ down 232,000 3.5 % from last month . The Average Sales Price in January was $ 293,873 ,
330
$ 304,427 last month . January 2017 ASP was at the highest level up 5.9 % from $ 277,443 in January of 2016 and down 3.5 % from
310 compared to January of 2016 and 2015 .
$ 304,427 last month . January 2017 ASP was at the highest level
290 compared to January of 2016 and 2015 .
270
250
230
210
190
170
150
F
M A M J
J
A S
OMedian N D
J
F Sales M A M Price J
J
A and S O NAverage D
J
F MSales A M J Price
J
A S O N D
J
14
15
16
17
3 Mo Avg
350
Median Sales Price and Average Sales Price
330
3 Mo Avg
310
290
270
250
230
210
190
170
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
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 12,327 of , Properties up 3.5 % from available 11,912 for last sale month as of and down
18,000
January
17.0 % from was 12,327 14,854 , up in 3.5 January % from of 11,912 last year last . month January and 2017 down
18,000
16,000
17.0
Inventory % from 14,854 was at in its January lowest level of last compared year . January with January 2017 of 2016
16,000
14,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
9.0
8.0
7.0
Inventory and 2015 was . at its lowest level compared with January of 2016 and 2015 .
14,000
12,000
12,000
10,000
7.0
6.0
6.0
5.0
10,0008,000
5.0
4.0
A comparatively lower MSI is more beneficial for sellers while a
8,0006,000
A comparatively lower MSI is more beneficial for sellers while a
6,000 higher MSI is better for buyers . The January 2017 MSI of 7.6
4,000 higher MSI is better for buyers . The January 2017 MSI of 7.6
4,000 months was at its lowest level compared with January of 2016
2,000 months was at its lowest level compared with January of 2016
2,000 and 2015 .
0 and 2015 .
0
F
M A M J
M A J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
4.0
3.0
2.0
1.0
0.0
J A S O N D J
17
3.0
2.0
1.0
0.0
14,780 14,938 15,175 15,304 15,327 15,522 15,511 15,627 15,966 15,946 15,424 15,961 16,064 15,739 15,297 14,815 14,562 14,424 14,142 13,949 14,203 14,006
1,942 2,044 2,687 2,856 2,714 3,021 2,967 2,706 2,638
J A S O N D J
16
2,611 2,163 2,747 1,947 2,178
13,814 16,435
16,427 14,854 15,967 15,295
2,813 2,801 2,900 3,126
3 Mo Avg
2,661
16,045 16,435 16,427 15,967 15,295 14,769 14,023
2,881
14,769
14,023 13,039 12,248 12,300 11,912 12,327
J A S O N D J
17
2,595 2,245
13,039 12,248 12,300
3 Mo Avg
2,190 2,416
11,912 12,327
1,629
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
88 | c o l d w e l l b a n k e r h o m e s . c o m
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 .