FL ARCHIVED March 2017 | Page 153

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

County : Martin

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
$ 418,000
5 %
5 %
Average List Price of all Current Listings
$ 845,960
0 %
21 %
March Median Sales Price
$ 295,000
7 %
7 %
9 %
7 %
$ 276,750
1 %
1 %
March Average Sales Price
$ 469,054
22 %
14 %
11 %
23 %
$ 410,857
7 %
8 %
Total Properties Currently for Sale ( Inventory )
1,924
-4%
-7%
March Number of Properties Sold
385
22 %
1 %
946
0 %
March Average Days on Market ( Solds )
102
17 %
13 %
7 %
15 %
93
0 %
4 %
Asking Price per Square Foot ( based on New Listings )
$ 200
-6%
-4%
9 %
3 %
$ 208
10 %
7 %
March Sold Price per Square Foot
$ 184
12 %
6 %
10 %
12 %
$ 173
6 %
5 %
March Month ' s Supply of Inventory
5.0 -21% -24% -8%
-16%
6.6
-2%
10 %
March Sale Price vs List Price Ratio
92.1 % -1.3% -. 6 %
. 1 %
-. 8 %
92.7 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
500
March Property sales were 385 , up 1.0 % from 381 in March of
2016 and 21.8 % higher than the 316 sales last month . March
450
Property
2017 sales Sales were at a mid level compared to March of 2016 and
500
400
March
2015 . Property March YTD sales sales were of 385 946 , up are 1.0 running % from 381 0.1 % in ahead March of last
450
2016 year and ' s year-to-date 21.8 % higher sales than of the 945 316 . sales last month . March
2017 sales were at a mid level compared to March of 2016 and
400
350
300
2015 . March YTD sales of 946 are running 0.1 % ahead of last
350
250
year ' s year-to-date sales of 945 .
300
200

Martin Agent County

Name
Title Phone Website Other

Community Information | School District

250 150
Number of Properties Sold
200
100
150
50
100
0
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
0
14
15
16
17
Prices
The Median Sales Price in March was $ 295,000 , up 9.3 % from
Prices
$ 270,000 in March of 2016 and up 6.8 % from $ 276,200 last
The month Median . The Sales Average Price Sales in March Price was in $ March 295,000 was , up $ 469,054 9.3 % from , up
500
$
10.9 270,000 % from in March $ 422,912 of 2016 in March and up of 6.8 2016 % from and $ up 276,200 22.4 % last from
A
M J
14
500
450
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
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month
$ 383,229 . The last Average month Sales . March Price 2017 in March ASP was $ at 469,054 the highest , up level
450
10.9 compared % from $ to 422,912 March in of March 2016 and of 2016 2015 and . up 22.4 % from
400
$ 383,229 last month . March 2017 ASP was at the highest level
400
350
compared to March of 2016 and 2015 .
350
300
300 250
376 402 347 347 353 333
376 402 347 347 353 333 306 269 347 281 308 393 404 435 469 368 326 324 331 272 317 265 299 381 413 421 433 375 319 320 262 248 316 245 316 385
2,566 2,515 2,419 2,317 2,256 2,225 2,250 2,225 306 269 347 281 308
2,165 2,237 2,255 2,138 2,057 1,922 1,857 1,835 1,789
Number of Properties Sold
250
200
200
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
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 1,924 Inventory , down 3.7 of % Properties from 1,998 available last month for sale and as down of March 6.6 %
3,000 was from 1,924 2,061 , down in March 3.7 % from of last 1,998 year last . March month 2017 and down Inventory 6.6 % was at
3,000
2,500 from its lowest 2,061 in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was . at
2,500 its lowest level compared with March of 2016 and 2015 .
2,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
7.0
9.0
8.0
7.0
6.0
2,000
6.0
1,500
5.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
3.0 higher MSI is better for buyers . The March 2017 MSI of 5.0 higher MSI is better for buyers . The March 2017 MSI of 5.0
500
2.0 months was at its lowest level compared with March of 2016 and
500 months was at its lowest level compared with March of 2016 and
1.0
2015 .
0
2015 .
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
5.0
4.0
3.0
2.0
1.0
0.0
2,566 2,515 2,419 2,317 2,256 2,225 2,250 2,225 2,165
393 404 435 469 368 326 324 331 272 317 265 299
2,237 2,255 2,138 2,057 1,922 1,857 1,835 1,789 1,801 1,911 1,892 1,849 2,014 2,089 2,061 381 413 421 433 375 319 320
3 Mo Avg
262
1,801 1,911 1,892 1,849 2,014 2,089 2,061 2,058 1,963 1,868 1,871 1,827 1,848 1,906 1,935 1,910 2,042 1,998 1,924 248 316
2,058 1,963 1,868 1,871 1,827 1,848 1,906 1,935 1,910 2,042
3 Mo Avg
245 316
1,998 1,924
385
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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