FL ARCHIVED March 2017 | Page 35

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

City : Tarpon Springs

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
$ 359,450
0 %
26 %
Average List Price of all Current Listings
$ 518,872
2 %
20 %
March Median Sales Price
$ 229,950
3 %
1 %
15 %
10 %
$ 229,900
14 %
9 %
March Average Sales Price
$ 255,742
-3%
1 %
11 %
3 %
$ 257,000
12 %
3 %
Total Properties Currently for Sale ( Inventory )
266
6 %
-15%
March Number of Properties Sold
102
59 %
12 %
223
4 %
March Average Days on Market ( Solds )
81
3 %
7 %
0 %
13 %
84
8 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 150
0 %
-1%
4 %
7 %
$ 152
11 %
9 %
March Sold Price per Square Foot
$ 138
6 %
6 %
19 %
12 %
$ 133
16 %
7 %
March Month ' s Supply of Inventory
2.6 -34% -30% -24% -34%
3.7
-19%
-7%
March Sale Price vs List Price Ratio
94.4 %
1.2 %
. 8 %
1.8 %
. 6 %
93.5 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120 March Property sales were 102 , up 12.1 % from 91 in March of 2016 and 59.4 % higher than the 64 sales last month . March Property Sales
100
2017 sales were at their highest level compared to March of 2016 120 March Property sales were 102 , up 12.1 % from 91 in March of and 2015 . March YTD sales of 223 are running 4.2 % ahead of 2016 and 59.4 % higher than the 64 sales last month . March
80 last year ' s year-to-date sales of 214 .
100
2017 sales were at their highest level compared to March of 2016 and 2015 . March YTD sales of 223 are running 4.2 % ahead of
80 60 last year ' s year-to-date sales of 214 .

Tarpon Agent Springs

Name
Title Phone Website Other

Community Information | School District

60 40
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
40 20
20
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 $ 229,950 , up 15.0 % from
Prices
$ 200,000 in March of 2016 and up 2.7 % from $ 224,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 229,950 was , up $ 255,742 15.0 % from , up
$
11.5 200,000 % from in March $ 229,389 of 2016 in March and up of 2.7 2016 % from and $ down 224,000 3.1 % last from
290 month
$ 263,923
. The last Average month Sales
. March
Price 2017 in March
ASP was was $ at 255,742 the highest , up level
11.5 % from $ 229,389 in March of 2016 and down 3.1 % from
270 compared to March of 2016 and 2015 .
$ 263,923 last month . March 2017 ASP was at the highest level
250
A
M J
14
290
270
250
230
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
15
Median Sales Price and 16Average Sales Price
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
compared to March of 2016 and 2015 .
230
210
210
190
190
170
170
150
150
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
The was Total 266 , Inventory up 5.6 % from of Properties 252 last available month and for sale down as 15.0 of March % from was 266 , up 5.6 % from 252 last month and down 15.0 % from
450
313 in March of last year . March 2017 Inventory was at its
313 in March of last year . March 2017 Inventory was at its
400 lowest level compared with March of 2016 and 2015 . lowest level compared with March of 2016 and 2015 .
350
300
450
400
350
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
7.0
6.0
250
5.0
200
A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 150 higher MSI is better for buyers . The March 2017 MSI of 2.6 higher MSI is better for buyers . The March 2017 MSI of 2.6 100 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
71 69 66 69 72 57 52 74 73 49 57 92 87 78 92 92 77 78 66 47 76 55 68 91 62 90 103 75 68 65 66 65 76 57 64 102
398
250 200 150 100 50 0
71 69 66 69 72 57 52 74 73 49 57
395
407 398
392 395
395 407
390 392
407 395
392 390
400 407 408
392 402
400 396
408 382
402 383
396 92 349
382 87 336
383 78
338 325
349
311 336
299 338
310 325
318 311
304 299
313 310
289 318
290 304
281 313
273 289
261 290 268
281
269 273 280 261
259 268
262 269
252
280 266 259
A M AJ MJ AJ SJ OA NS DO JN FD MJ AFMM J AJMA JS JO AN SD OJ
NF MD AJ M J J A S O N D J
14 14
15 15
16 16
17
92 92 77 78 66 47 76 55 68 91 62 90 103 75 68 65 66 65 76 262
4.0 3.0 2.0 1.0 0.0
57
252 64
266
F M A M J J A S OF NM
D J F M 17
102
9.0 8.0 7.0 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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