FL ARCHIVED March 2017 | Page 13

Market Action Report March 2017
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City : Plant City

Price Range : All | Properties : SFH - Con

Plant Agent City Name

Market Action Report March 2017

Phone Community Information | School District

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
$ 235,000
-2%
19 %
Average List Price of all Current Listings
$ 297,791
2 %
31 %
March Median Sales Price
$ 185,000
-11% -3%
28 %
9 %
$ 187,950
30 %
11 %
March Average Sales Price
$ 191,558
-5%
-1%
28 %
6 %
$ 194,096
23 %
7 %
Total Properties Currently for Sale ( Inventory )
151
-9%
-14%
March Number of Properties Sold
75
29 %
0 %
192
9 %
March Average Days on Market ( Solds )
32 -27% -32% -52% -44%
43
-40%
-25%
Asking Price per Square Foot ( based on New Listings )
$ 113
-7%
0 %
2 %
6 %
$ 116
14 %
8 %
March Sold Price per Square Foot
$ 102
-1%
-1%
15 %
5 %
$ 102
13 %
4 %
March Month ' s Supply of Inventory
2.0 -30% -22% -14% -28%
2.6
-22%
-8%
March Sale Price vs List Price Ratio
95.0 % -1.0% -. 9 %
. 2 %
-1.3%
95.2 %
-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
3 Mo Avg
Property Sales
100
March Property sales were 75 , equal to 75 in March of 2016 and
29.3 % higher than the 58 sales last month . March 2017 sales
90
Number of Properties Sold
3 Mo Avg
Property were at their Sales lowest level compared to March of 2016 and
2015100 .
80
March Property YTD sales sales of were 192 are 75 , equal running to 75 9.1 in % March ahead of 2016 last year and ' s
29.3 year-to-date % higher than sales the of 58 176 sales . last month . March 2017 sales were at their lowest level compared to March of 2016 and 2015 .
90
80
70
60
March YTD sales of 192 are running 9.1 % ahead of last year ' s
70
50
year-to-date sales of 176 .
60
40
50
30
40
20
30
10
20
0
10
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
0
14
15
16
17
Prices
The Median Sales Price in March was $ 185,000 , up 28.5 % from
A
M J
14
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
Median Sales Price and Average Sales Price
15
16
17
3 Mo Avg
Prices
$ 144,000 in March of 2016 and down 10.8 % from $ 207,495
The last Median month Sales . The Price Average in March Sales was Price $ 185,000 in March , up was 28.5 $ % 191,558 from , up
$
27.8 144,000 % from in March $ 149,936 of 2016 in March and down of 2016 10.8 % and from down $ 207,495 5.0 % from
240
240
220
Median Sales Price and Average Sales Price
3 Mo Avg
last
$ 201,665 month . last The month Average . March Sales Price 2017 in ASP March was was at the $ 191,558 highest , up level
27.8 % from $ 149,936 in March of 2016 and down 5.0 % from
220 compared to March of 2016 and 2015 .
$ 201,665 last month . March 2017 ASP was at the highest level
200
200
180
compared to March of 2016 and 2015 .
180
160
160
140
64 64 69 65 74 54 61 50 62 42 57 85 80 69 86 73 64 73 83 47 86 54 47 75 89 74 60 74 73 62 82 66 63 59 58 75
140 120
120
100
100
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
M
14 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
F M
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 March
The was Total 151 , Inventory down 9.0 % of from Properties 166 last available month for and sale down as of 14.2 March % from was 176151 in , March down 9.0 of % last from year 166 . March last month 2017 and Inventory down 14.2 was % at from its
350
350
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
7.0
6.0
176 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at its . lowest level compared with March of 2016 and 2015 .
300
250
250
200
6.0
5.0
5.0
4.0
200
150
4.0
3.0
A comparatively lower MSI is more beneficial for sellers while
150 a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
March for 2017 sellers MSI while of 2.0 a
100 higher MSI is better for buyers . The March 2017 MSI of 2.0 months was at its lowest level compared with March of 2016 and months was at its lowest level compared with March of 2016 and
50
2015 .
2015 .
0
3.0
100
2.0
50
1.0
0
0.0
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
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
14
15
15
16
16
17
17
2.0
1.0
0.0
287 281
64 287
282 64 69
Title
Website Other
65 74 54 61 50 62 42 57 85 80 69 86 73 64
290 281
288 282
289 290
279 288 283
289 289 279
271 283
265 289
249
271 270
265 243
249 256 268
270
248 243
236 256
239 268
233 248 236 190
73 239 192
83 233
188 47 86 54 47 75 89 74 60 74 73 62 82 66
176 190
171 192
185 188 186
176 198 171 206 185
180 186
181 198
188
206 165 167
180
166 181
151 188 165
63 167
59
166 58
151 75
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