FL ARCHIVED March 2017 | Page 33

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

City : St Petersburg

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
$ 250,000
4 %
25 %
Average List Price of all Current Listings
$ 443,716
5 %
29 %
March Median Sales Price
$ 190,000
1 %
5 %
20 %
15 %
$ 180,000
20 %
9 %
March Average Sales Price
$ 259,198
-8%
2 %
22 %
14 %
$ 257,574
22 %
13 %
Total Properties Currently for Sale ( Inventory )
1,379
-9%
-13%
March Number of Properties Sold
661
41 %
16 %
1,578
8 %
March Average Days on Market ( Solds )
51
-7%
-6%
-7%
-9%
55
-10%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 184
-3%
1 %
15 %
10 %
$ 184
16 %
10 %
March Sold Price per Square Foot
$ 168
-6%
2 %
17 %
12 %
$ 166
19 %
11 %
March Month ' s Supply of Inventory
2.1 -36% -29% -25% -28%
2.9
-13%
1 %
March Sale Price vs List Price Ratio
94.0 %
-. 4 % -. 4 % -. 6 %
-. 4 %
94.4 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

St . Petersburg

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
700
March Property sales were 661 , up 15.6 % from 572 in March of
2016 and 41.2 % higher than the 468 sales last month . March
Property
2017 sales Sales were at their highest level compared to March of 2016
700
600
Number of Properties Sold
3 Mo Avg
March and 2015 Property . March sales YTD were sales 661 , of up 1,578 15.6 % are from running 572 in 8.2 March % ahead of of
2016 last and year 41.2 ' s year-to-date
% higher than sales the of 468
1,459 sales
. last month . March
600
2017 sales were at their highest level compared to March of 2016
500
400
and 2015 . March YTD sales of 1,578 are running 8.2 % ahead of
500
last year ' s year-to-date sales of 1,459 .
400
300
300
200
200
100
100
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
Prices
The Median Sales Price in March was $ 190,000 , up 20.3 % from
Prices
$ 158,000 in March of 2016 and up 0.8 % from $ 188,450 last
The month Median . The Sales Average Price Sales in March Price was in $ March 190,000 was , up $ 259,198 20.3 % from , up
300
$
22.4 158,000 % from in March $ 211,834 of 2016 in March and up of 0.8 2016 % from and $ down 188,450 8.3 last % from month . The Average Sales Price in March was $ 259,198 , up
280
$ 282,592 last month . March 2017 ASP was at the highest level
22.4 % from $ 211,834 in March of 2016 and down 8.3 % from
260 compared to March of 2016 and 2015 .
$ 282,592 last month . March 2017 ASP was at the highest level
240 compared to March of 2016 and 2015 .
220
200
180
160
A
M J
14
300
280
260
240
220
200
180
160
140
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
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
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
503 562 506 483 506
503 562 506 483 506 495 533 406 555 374 485 593 589 560 628 601 537 510 535 403 551 384 503 572 652 604 633 475 505 447 436 446 586 449 468 661
14
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
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 1,379 Inventory , down 9.5 of % Properties from 1,523 available last month for sale and as down of March 12.9 %
2,500 was from 1,379 1,583 , down in March 9.5 % from of last 1,523 year last . March month 2017 and down Inventory 12.9 % was at
2,500 from 1,583 in March of last year . 2017 Inventory was at
2,000 its lowest level compared with March of 2016 and 2015 .
2,000 its lowest level compared with March of 2016 and 2015 .
1,500
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
5.0
4.0
1,000
3.0
A comparatively lower MSI is more beneficial for sellers while
1,000 a
A higher comparatively
MSI is better lower MSI for buyers is more
. The beneficial
March for 2017 sellers MSI while of 2.1 a higher MSI is better for buyers . The March 2017 MSI of 2.1 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
2015 .
2015 .
0
2.0
500
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
495
2,176 2,075 1,997 1,963 1,945 1,914 1,979 1,972 533 406 555
2,176 2,075 1,997 1,963 1,945 1,914 1,979 1,972 1,965
374
15
485 593 589
1,965 1,925 1,904 1,834 1,755 1,708 1,640 1,622 560 628 601 537 510 535 403 551 384
16
503
1,925 1,904 1,834 1,755 1,708 1,640 1,622 1,599 1,587 1,602 1,627 1,584 1,584 1,628 1,583 572 652 604
1,541 1,454 1,508
1,599 1,587 1,602 1,627 1,584 1,584 1,628 1,583 1,541 1,454 1,508 1,190 1,302 1,401 1,473 633 475 505 447
1,522 1,490 1,554 1,523
1,190 1,302
436
1,379 446 586
1,401 1,473 1,522 1,490 1,554
449
17
468
1,523 1,379
661
6.0 5.0
4.0 3.0 2.0 1.0 0.0
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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