FL ARCHIVED March 2017 | Page 68

Market Action Report
Venice
City: Venice
Agent Name
Market Action Report
City: Venice
March 2017
Title
Phone
Agent
Name
Website
Other
Title
March 2017
Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$289,900
0%
7%
Other
$356,961 Trending
-0% versus*: 4%
Month
LM 2%
L3M 3%
PYM 15%
LY
$250,000
$289,900
0% -1% 1%
7% 11%
$280,857
$356,961 927
-0% -3%
4% 9%
$250,000 285
2% 52%
3% 15% 21%
6%
$280,857 -1%
1%
11%
7%
77 5% 8% 43%
927 -3%
9%
$179 1% -1% 7%
285 52%
21%
$172 -1% 2% 7%
77 5% 8% 43% 28%
3.3 -37% -34% -9%
$179 1% -1% 7% 3%
93.8% -.8% -.8% -1.4%
Average List Price of all Current Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
March
Sales
Price
March Median
Number
of Properties
Sold
March Average Sales Price
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
March Sold Price per Square Foot
March Average Days on Market (Solds)
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
March Sale Price vs List Price Ratio
March Sold Price per Square Foot
$172 -1% 2% 7%
3.3 -37% -34% -9%
93.8% -.8% -.8% -1.4%
March Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
Trending versus*:
YTD
Prior YTD 11%
Prior Year
$244,749
6%
7%
$277,954
$244,749
$277,954
28%
11%
620
13%
73
3%
$179
620
12%
7%
$170
73
28%
-11%
4.9
$179
5%
-1.0%
94.3%
13% 4%
6%
12% 4%
28% 6%
5%
7%
22%
13%
3%
-1% 22%
3%
6%
35%
-0%
7%
$170
7%
6%
-11%
4.9
13%
35%
Number of 94.3%
Properties
-1.0%
-1% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
March Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
350
March Property sales were 285, up 20.8% from 236 in March of
2016 and 52.4% higher than the 187 sales last month. March
300
Property
2017 sales Sales
were at their highest level compared to March of 2016
350
March
Property
sales
were
285, of up 620
20.8%
236 11.9%
in March
of of
250
and 2015.
March
YTD
sales
are from
running
ahead
2016
52.4%
higher than
the of 187
sales last month. March
300
last and
year's
year-to-date
sales
554.
200
2017 sales were at their highest level compared to March of 2016
Prices
14
The Median Sales Price in March was $250,000, up 15.1% from
Prices
$217,200 in March of 2016 and up 2.5% from $244,000 last
290
The
Median
Sales
Price Sales
in March
was
15.1% from
month.
The
Average
Price
in $250,000,
March was up
$280,857,
up
$217,200
in
March
of
2016
and
up
2.5%
from
$244,000
last
11.4% from $252,024 in March of 2016 and down 0.8% from 290 270
month.
The last
Average
Sales
Price in
March
up level
$283,240
month.
March
2017
ASP was
was $280,857,
at the highest
270 250
11.4%
from $252,024
of 2016
and down 0.8% from
compared
to March in
of March
2016 and
2015.
$283,240 last month. March 2017 ASP was at the highest level
250 230
15
266
16
Median Sales Price and Average Sales Price
197
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 J A S O N D Median
J F M A M Sales
J J A Price
S O N and
D J Average
F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
0
compared to March of 2016 and 2015.
0
50
50
100
100
150
3 Mo Avg
150
200
250
and 2015. March YTD sales of 620 are running 11.9% ahead of
last year's year-to-date sales of 554.
Number of Properties Sold
17
3 Mo Avg
230 210
210 190
190 170
170 150
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
17
150
15 A M J J A S O N D J F M 16
A M 14 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
600
600
400
A comparatively lower MSI is more beneficial for sellers while a
400
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 3.3
200
higher
MSI
is better
for level
buyers.
The March
MSI of of 2016
3.3 and
months
was
at a mid
compared
with 2017
March
200
months
was
at
a
mid
level
compared
with
March
of
2016
and
0
2015.
0
2015.
68 | c
7.0
800
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
7.0 6.0
6.0 5.0
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
was Total
927, Inventory
down 3.3%
from 959 last
month
from 847 1,200
The
of Properties
available
for and
sale up
as 9.4%
of March
in March
of last
year.
2017
Inventory
its highest
was
927, down
3.3%
from March
959 last
month
and up was
9.4% at from
847 1,200 1,000
in level
March
of last year.
Inventory
was at its highest
compared
with March
March 2017
of 2016
and 2015.
1,000
800
level compared with March of 2016 and 2015.
5.0
4.0
3.0
2.0
1.0
0.0
4.0
3.0
2.0
1.0
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
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
14
15
16
14
15
16
17
.
Copyright
© Coldwell
Banker Residential
Real Estate
/ Coldwell Banker
United,
Realtors | Range:
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Coldwell
Realtors
All | Property
Types: SFH
- Con
o
l d Residential
w e l Real
l b Estate
a n / k
e r Banker
h o United,
mes
c o | Price
m
Data
provided
courtesy
of Greater
Lauderdale
REALTORS,
REALTOR
Association
of Martin
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
Data
is is
provided
courtesy
of Greater
Fort Fort
Lauderdale
REALTORS,
REALTOR
Association
of Martin
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board