FL ARCHIVED January 2017 | Page 92

Market Action Report January 2017 Agent Name
Phone Community Information Website | School District Other
Market Action Report January 2017 Agent Name

Fort City : Fort Lauderdale / Fort Lauderdale Beach Title

Phone Community Information Website | School District Other

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
$ 473,500
-0%
11 %
Average List Price of all Current Listings
$ 1,101,864
-2%
14 %
January Median Sales Price
$ 258,750
-12% -11%
6 %
-8%
$ 258,750
6 %
-8%
January Average Sales Price
$ 442,085
-15% -11% 10 %
-4%
$ 442,085
10 %
-4%
Total Properties Currently for Sale ( Inventory )
2,344
6 %
-5%
January Number of Properties Sold
222 -25%
-7%
222
-7%
January Average Days on Market ( Solds )
89
-2%
-9% -13% -17%
89
-13%
-17%
Asking Price per Square Foot ( based on New Listings )
$ 317
-1%
-3%
0 %
1 %
$ 317
0 %
1 %
January Sold Price per Square Foot
$ 252
-8%
-3%
12 %
2 %
$ 252
12 %
2 %
January Month ' s Supply of Inventory
10.6
42 %
21 %
2 %
31 %
10.6
2 %
31 %
January Sale Price vs List Price Ratio
93.2 %
-. 5 % -. 5 % -. 1 %
-. 9 %
93.2 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Number of Properties Sold
Property Sales
450
January Property sales were 222 , down 7.1 % from 239 in
January of 2016 and 25.0 % lower than the 296 sales last month .
400
Number of Properties Sold
3 Mo Avg
Property
January 2017 Sales sales were at their lowest level compared to
450
350
January Property of 2016 sales and 2015 were . 222 January , down YTD 7.1 % sales from 239 of 222 in are
January running of 7.1 2016 % behind and 25.0 last % lower year ' s than year-to-date the 296 sales sales last of 239 month . .
400
300
January 2017 sales were at their lowest level compared to
350
250
January of 2016 and 2015 . January YTD sales of 222 are running 7.1 % behind last year ' s year-to-date sales of 239 .
300
200
250
150
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 $ 258,750 , up 5.6 % from
Prices
$ 245,000 in January of 2016 and down 12.0 % from $ 294,000
The last Median month Sales . The Price Average in January Sales Price was $ in 258,750 January , up was 5.6 $ % 442,085 from ,
600
$ up 245,000 10.0 % in from January $ 402,033 of 2016 in and January down of 12.0 2016 % from and $ down 294,000 14.7 % last from month $ 518,272 . The Average last month Sales . January Price in January 2017 ASP was was $ 442,085 at a mid ,
550 up range 10.0 % compared from $ 402,033 to January in January of 2016 of and 20162015 and . down 14.7 %
500
F
M A M J
14
600
550
500
450
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
from $ 518,272 last month . January 2017 ASP was at a mid range compared to January of 2016 and 2015 .
450
400
400
350
350
300
300
250
235 277 342 356 354 319
235 277 342 356 354 319 272 306 273 236 343 242 254 373 347 361 370 394 315 354 304 257 347 239 290 362 337 341 358 297 302 329 267 278 296 222
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 2,344 of , up Properties 6.3 % from available 2,206 for last sale month as of and down
3,000
January
4.9 % from was 2,464 2,344 , in up January 6.3 % from of last 2,206 year last . month January and 2017 down
3,000
2,500
4.9
Inventory % from 2,464 was at in its January lowest of level last year compared . January with 2017 January of 2016
2,500
Inventory and 2015 was . at its lowest level compared with January of 2016
2,000 and 2015 .
2,000
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
8.0
12.0
10.0
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 10.6 higher months MSI was is better at its highest for buyers level . The compared January with 2017 January MSI of 10.6
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
272 306 273 236
2,238 2,231 2,269 2,232 2,225 2,237 2,239 2,314 2,396 2,396
2,238 2,231 2,269 2,232 2,225 2,237 2,239 2,314 2,396 2,396 2,344 2,522 2,597 2,460 2,439 2,369 2,321 2,306 2,245 2,219 2,308 2,347 2,290
2,464
343 242 254 373 347 361 370 394 315 354
2,344 2,522 2,597 2,460 2,439 2,369 2,321 2,306 2,245 2,219 2,308 304 257 347 239
2,347 2,700
2,290 2,680 2,676
2,605
290 362 337 341 358 297 302
2,535 2,444 2,379 2,246 2,244 2,265 2,206 2,344
329
2,464 2,700 2,680 2,676 2,605 2,535 2,444 2,379 2,246 2,244 2,265
267
3 Mo Avg
278
2,206
2,344 296 222
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
92 | 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 .