FL ARCHIVED March 2017 | Page 77

Market Action Report March 2017
Phone Community Information | School District

County : Lee

Price Range : All | Properties : SFH - Con

Lee County

Agent Name
Market Action Report March 2017

Phone Community Information | School District

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
$ 309,900
-1%
2 %
Average List Price of all Current Listings
$ 483,264
-1%
2 %
March Median Sales Price
$ 234,450
4 %
2 %
15 %
9 %
$ 229,900
11 %
7 %
March Average Sales Price
$ 332,335
7 %
3 %
19 %
12 %
$ 321,388
8 %
9 %
Total Properties Currently for Sale ( Inventory )
9,771
1 %
11 %
March Number of Properties Sold
1,884
56 %
16 %
4,264
8 %
March Average Days on Market ( Solds )
85
-7%
-2%
18 %
10 %
87
21 %
13 %
Asking Price per Square Foot ( based on New Listings )
$ 185
-4%
-3%
4 %
2 %
$ 189
3 %
4 %
March Sold Price per Square Foot
$ 174
5 %
3 %
15 %
10 %
$ 171
10 %
8 %
March Month ' s Supply of Inventory
5.2 -35% -26% -5%
-8%
7.0
5 %
24 %
March Sale Price vs List Price Ratio
94.0 %
. 3 %
. 0 %
-. 2 %
-. 2 %
93.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
2,500 March Property sales were 1,884 , up 16.1 % from 1,623 in March
of 2016 and 55.8 % higher than the 1,209 sales last month . Property March 2017 Sales sales were at a mid level compared to March of 2016 2,5002,000
March and 2015 Property . March sales YTD were sales 1,884 of , 4,264 up 16.1 are % from running 1,6238.3 in % March ahead of of last 2016 year and ' s year-to-date 55.8 % higher sales than the of 3,937 1,209 . sales last month . March 2017 sales were at a mid level compared to March of 2016 2,0001,500 and 2015 . March YTD sales of 4,264 are running 8.3 % ahead of last year ' s year-to-date sales of 3,937 .
1,5001,000
Title
Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
1,000 500
1,873 1,905 1,665 1,438 1,448 1,346 1,462 1,249 1,660 1,210 1,429 1,947 2,039 1,868 1,905 1,721 1,464 1,491 1,440 1,155 1,557 1,144 1,170 1,623 1,811 1,797 1,652 1,437 1,502 1,366 1,289 1,301 1,456 1,171 1,209 1,884
8,834 8,303 7,829 7,523 7,308 7,266
A
14
1,873 1,905 1,665 1,438 1,448
500 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
Median Sales Price and Average Sales Price
14 15
16
17 3 Mo Avg The Median Sales Price in March was $ 234,450 , up 14.9 % from
350
Prices $ 204,000 in March of 2016 and up 3.9 % from $ 225,700 last Median Sales Price and Average Sales Price
3 Mo Avg The month Median . The Sales Average Price Sales in March Price was in $ March 234,450 was , up $ 14.9 332,335 % from , up
330
350 $ 19.3 204,000 % from in March $ 278,591 of 2016 in March and up of 3.9 2016 % from and $ up 225,700 7.3 % from last 310 month . The Average Sales Price in March $ 332,335 , up
330
$ 309,782 last month . March 2017 ASP was at the highest level 290 19.3 % from $ 278,591 in March of 2016 and up 7.3 % from 310 compared to March of 2016 and 2015 .
270
$ 309,782 last month . March 2017 ASP was at the highest level 290 250 compared to March of 2016 and 2015 . 270
230 250
210 230
190 210
170
190 170
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 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 9,771 Inventory , up 1.5 % of from Properties 9,627 last available month for and sale up as 10.6 of March % from 12,000
9.0 was 8,837 9,771 in , March up 1.5 % of from last 9,627 year . last March month 2017 and Inventory up 10.6 % was from at its 12,000
9.0 8.0 10,000
8,837 highest in March level compared of last year with . March March 2017 of Inventory 2016 and was 2015 at . its
8.0 7.0 10,000 highest level compared with March of 2016 and 2015 . 8,000
7.0 6.0
8,000
6.0 5.0 6,000
5.0 6,000
4.0
A comparatively lower MSI is more beneficial for sellers while a 4,000
4.0 3.0
A comparatively lower MSI is more beneficial for sellers while a 4,000 3.0 higher MSI is better for buyers . The March 2017 MSI of 5.2 2.0 higher MSI is better for buyers . The March 2017 MSI of 5.2 2,000
2.0 months was at a mid level compared with March of 2016 and 2,000
1.0 months was at a mid level compared with March of 2016 and
1.0 2015 .
0 0.0
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
M J F M A M J
F M A M J F M
14 15
16
17
1,346 1,462 1,249
7,625 7,736 7,811 8,365 8,350 8,029 7,590 7,048 6,645 6,359 6,167
J A S O N D J
15
1,660 1,210 1,429 1,947 2,039
8,834 8,303 7,829 7,523 7,308 7,266 7,625 7,736 7,811 8,365 8,350 8,029 7,590 7,048 1,868 1,905 1,721 1,464 1,491
6,232 6,646 7,120 7,259
1,440
8,175 8,817
J A S O N D J 16
1,155
6,645 6,359 6,167 6,232 6,646 7,120 7,259 1,557 1,144
8,837 8,531 8,128 1,170 1,623 1,811 1,797 1,652 1,437
7,768 7,478 7,305 7,450 7,861 8,287 8,430
1,502
8,175 8,817 8,837 8,531 8,128 7,768 7,478 7,305 7,450
J A S O N D J
17
1,366 1,289
9,267 9,627 9,771
1,301
7,861 8,287 8,430
1,456 1,171 1,209
9,267 9,627 9,771
1,884
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