FL ARCHIVED March 2017 | Page 19

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

City : New Port Richey

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
$ 199,700
5 %
29 %
Average List Price of all Current Listings
$ 245,268
4 %
22 %
March Median Sales Price
$ 128,000
-0%
-2%
25 %
-1%
$ 127,900
14 %
-1%
March Average Sales Price
$ 138,244
-12% -7%
-3%
-9%
$ 146,323
2 %
-4%
Total Properties Currently for Sale ( Inventory )
587
-5%
-20%
March Number of Properties Sold
246
33 %
-9%
609
-6%
March Average Days on Market ( Solds )
59
-2%
0 %
-24%
-8%
61
-26%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 111
0 %
2 %
14 %
11 %
$ 109
14 %
9 %
March Sold Price per Square Foot
$ 90
-5%
-3%
10 %
1 %
$ 92
12 %
3 %
March Month ' s Supply of Inventory
2.4 -28% -23% -13% -22%
3.1
-14%
1 %
March Sale Price vs List Price Ratio
94.2 %
1.7 %
. 7 %
1.0 %
. 4 %
93.6 %
2 %
-0%
* 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 246 , down 8.6 % from 269 in March of 2016 and 33.0 % higher than the 185 sales last month . March Property Sales
250
2017 sales were at a mid level compared to March of 2016 and 300 March Property sales were 246 , down 8.6 % from 269 in March 2015 . March YTD sales of 609 are running 6.5 % behind last of 2016 and 33.0 % higher than the 185 sales last month . March 200 year ' s year-to-date sales of 651 .
250
2017 sales were at a mid level compared to March of 2016 and 2015 . March YTD sales of 609 are running 6.5 % behind last
200 150 year ' s year-to-date sales of 651 .

New Port Agent Name Richey

Title Phone Website Other

Community Information | School District

150 100
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100
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
0 14 15
16 17
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 Prices
14
15 Median Sales Price and 16Average Sales Price 17 3 Mo Avg The Median Sales Price in March was $ 128,000 , up 24.9 % from
Prices $ 102,500 in March of 2016 and down 0.4 % from $ 128,500 last Median Sales Price and Average Sales Price
190
3 Mo Avg
The month Median . The Sales Average Price Sales in March Price was in $ March 128,000 was , up $ 138,244 24.9 % from , down $ 3.0 102,500 % from in March $ 142,456 of 2016 in March and down of 2016 0.4 and % from down $ 128,500 12.3 % from last 190 170 month $ 157,637
. The last Average month Sales . March
Price 2017 in March
ASP was was $ at 138,244 a mid , range
down 3.0 % from $ 142,456 in March of 2016 and down 12.3 % from 170 150 compared to March of 2016 and 2015 . $ 157,637 last month . March 2017 ASP was at a mid range 150 130 compared to March of 2016 and 2015 .
130 110 110 90
175 205 233 203 207
175 205 233 203 207 211 202 188 232 162 187 242 247 236 282 273 250 215 228 190 241 178 204 269 277 258 260 223 234 205 181 188 199 178 185 246
90 70
70 50
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 M14J 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 587 , Inventory down 4.7 % of Properties from 616 last available month for and sale down as of 20.0 March % from 1,200 7.0 was 587 , down 4.7 % from 616 last month and down 20.0 % from 1,200 7.0
734 in March of last year . March 2017 Inventory was at its 1,000 6.0
734 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at . its 1,000 6.0 lowest level compared with March of 2016 and 2015 .
5.0 800
5.0 800
4.0 600
4.0 600
3.0
3.0 A comparatively lower MSI is more beneficial for sellers while a 400 A comparatively lower MSI is more beneficial for sellers while a 400
2.0 higher MSI is better for buyers . The March 2017 MSI of 2.4
2.0 higher MSI is better for buyers . The March 2017 MSI of 2.4
200 months was at its lowest level compared with March of 2016 and 200
1.0 months was at its lowest level compared with March of 2016 and
1.0
2015
2015 .
. 0
0 0.0
0.0
A M AJ
MJ AJ SJ OA NS DO JN FDMJ
AFMM J AJ MA JS JO AN SD OJ
NF MD AJ
MF MJ JA AM SJ
OJ NAD S J OF NM D J F M
14 14
15 15
16 16
17 17
1,142 1,101 1,075 1,039 994 989 1,019 211 202 188 232
1,142 1,101 1,075 1,039 994 989 1,019 1,014 1,004 162 187 242 247 236
1,014 1,004 1,013 1,008 960 936 930 895 883 874 282 273 250 215 228
1,013 1,008 960 936 930 895 883 874 848 822 825 190 241 178 204
796 768 764 734
848 822 825 796 768 764 734 689 652 635 269 277 258 260 223 234 205 181
599 602 612 646 668 626 637 616 587 188 199
689 652 635 599 602 612 646 668 626 637
178 185
616 587
246
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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