FL ARCHIVED March 2017 | Page 147

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

City : Palm Bay

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
$ 199,900
9 %
20 %
Average List Price of all Current Listings
$ 214,922
7 %
22 %
March Median Sales Price
$ 165,000
6 %
8 %
20 %
15 %
$ 157,000
20 %
10 %
March Average Sales Price
$ 160,398
-3%
2 %
13 %
7 %
$ 161,035
18 %
7 %
Total Properties Currently for Sale ( Inventory )
398
-9%
-13%
March Number of Properties Sold
227
50 %
5 %
535
1 %
March Average Days on Market ( Solds )
50
14 %
11 %
9 %
16 %
48
-6%
12 %
Asking Price per Square Foot ( based on New Listings )
$ 110
3 %
3 %
18 %
11 %
$ 108
16 %
9 %
March Sold Price per Square Foot
$ 100
2 %
2 %
14 %
9 %
$ 99
18 %
8 %
March Month ' s Supply of Inventory
1.8 -40% -31% -17% -25%
2.5
-6%
8 %
March Sale Price vs List Price Ratio
95.3 %
. 2 %
-. 1 %
. 0 %
-. 8 %
95.4 %
0 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
March Property sales were 227 , up 4.6 % from 217 in March of
2016 and 50.3 % higher than the 151 sales last month . March
Property
2017 sales Sales were at their highest level compared to March of 2016
300
250
March and 2015 Property . March sales YTD were sales 227 , of up 535 4.6 are % from running 217 in 0.6 March % ahead of of
2016 last and year 50.3 ' s year-to-date % higher than sales the of 151 532 sales . last month . March
250
2017 sales were at their highest level compared to March of 2016
200
and 2015 . March YTD sales of 535 are running 0.6 % ahead of last year ' s year-to-date sales of 532 .
200
150
150
100

Palm Agent Bay Name Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in March was $ 165,000 , up 20.4 % from
Prices $ 137,000 in March of 2016 and up 6.5 % from $ 155,000 last The month Median . The Sales Average Price Sales in March Price was in $ March 165,000 was , up $ 20.4 160,398 % from , up $ 13.1 137,000 % from in March $ 141,880 of 2016 in March and up of 6.5 2016 % from and $ down 155,000 3.1 % last from 190 month $ 165,522 . The last Average month Sales . March Price 2017 in March ASP was $ at 160,398 the highest , up level 13.1 % from $ 141,880 in March of 2016 and down 3.1 % from 170 compared to March of 2016 and 2015 . $ 165,522 last month . March 2017 ASP was at the highest level 150
compared to March of 2016 and 2015 . 130
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of March The was Total 398 , Inventory down 9.3 of % Properties from 439 last available month for and sale down as of 12.9 March % from was 457398 in , March down 9.3 of last % from year 439 . March last month 2017 and Inventory down 12.9 was % at from its 700 457 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at . its 600 lowest level compared with March of 2016 and 2015 . 500 400 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial March for 2017 sellers MSI while of 1.8 a 200
higher months MSI was is better at its lowest for buyers level . The compared March 2017 with March MSI of 1.8 of 2016 and months was at its lowest level compared with March of 2016 and
100
2015 . 2015 .
0
100
50
0
110 90 70 50
50
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
14
15
16
17
A
M J
14
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
15
16
17
3 Mo Avg
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
110
90
70
50
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 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
F M
17
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
5.0
600
5.0
4.0
500
4.0
400
300
3.0
3.0
2.0
200
2.0
100
1.0
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
15
16
17
14
15
16
17
0.0
215 237 233 204 179 198 195 166 202 127 169 211 239 209 217 216 197 223 183 146 215 152 163 217 211 219 267 188 205 191 178 177 202 157 151 227
567 589
215 567 584
237 589 572
233 584 596
204 572 553
179 596 542
198 553
545 540
195
542 563
166 545
509 202
540 463
127
563
169 211 239 209 217 216 197 223 183 146 215
444 509
432 463
432
444 450
432 437 421
432
439 450
449 437
435 421
488 439
449 449
457 435
433 488
415 449
426 457
429 433
442 415 459
426 471 429 492 442
462 459
458 471
439 492
398 462
152 163 217 211 219 267 188 205 191 178 177 202 458
157
439 151
398
227
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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