Sunday 1 January 2017

Market Snapshot | Winter Garden FL Jan 2016 to Dec 2016

Market Snapshot | Winter Garden FL

January 2016 to December 2016

Pete Petridis
Sales Associate
http://www.orlandoflhomesandland.com/
407-756-3303
petepetridis@gmail.com
City: Winter Garden December 2016
Property Type: Single Family Home, Townhome, Condo | Price $0 to $999,999,000
Trending Versus*: Trending Versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $374,900 1% 11%
Average List Price of all Current Listings $440,471 2% 11%
December Median Sales Price $290,000 -5% -2% -2% 4% $295,000 5% 5%
December Average Sales Price $322,697 7% 3% -3% 9% $314,564 6% 6%
Total Properties Currently for Sale (Inventory) 393 -4% 2%
December Number of Properties Sold 101 -16% -31% 1488 7%
December Average Days on Market (Solds) 67 5% 6% 5% -6% 69 -1% -3%
Asking Price per Square Foot (based on New Listings) $146 7% 4% 11% 15% $136 8% 7%
December Sold Price per Square Foot $126 -1% -2% -2% 7% $126 7% 7%
December Month’s Supply of Inventory 3.9 14% 9% 48% 7% 3.5 -5% -5%
December Sale Price vs List Price Ratio 97.1% -0.4% 0% -1% -0.5% 97.5% 0.0% 0.0%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat)

To View Additional Information, Click Here.
Property Sales
December property sales were 101, down from 146 in December of 2015 and -15.8% lower than the 120 sales last month. December 2016 sales were at their lowest level compared to December of 2015 and 2014. December YTD sales of 1,488 are running 6.8% ahead of last year’s year-to-date sales of 1,393.
Prices
The median sales price in December was $290,000, down -2.2% from $296,450 in December of 2015 and down -5.0% from $305,388 last month. The average sales price in December was $322,697, down -3.0% from $332,621 in December of 2015 and up 6.6% from $302,836 last month. December 2016 ASP was at a mid range compared to December of 2015 and 2014.
Inventory & MSI
The total inventory of properties available for sale as of December was 393, down -3.9% from 409 last month and up 2.1% from 385 in December of last year. December 2016 Inventory was at a mid range compared to December of 2015 and 2014.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2016 MSI of 3.9 months was at its highest level compared with December of 2015 and 2014.

Market Time
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for December was 67, up from 64 days last month and up from 64 days in December of last year. The December 2016 DOM was at a mid range compared with December of 2015 and 2014.
Selling Price Per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The December 2016 selling price per square foot of $126 was down -0.8% from $127 last month and down -1.6% from $128 in December of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The December 2016 selling price vs list price of 97.1% was down from 97.5% last month and down from 98.0% in December of last year.
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in December 2016 was 123, down -20.6% from 155 last month and up 6.0% from 116 in December of last year.
Inventory / New Listings / Sales
This view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in December 2016 was 123, down -20.6% from 155 last month and up 6.0% from 116 in December of last year.

 

Pete Petridis
Sales Associate
http://www.orlandoflhomesandland.com/
407-756-3303
petepetridis@gmail.com
City: Winter Garden December 2016
Property Type: Single Family Home, Townhome, Condo | Price $0 to $999,999,000
Quick Note
Here is a Market Action Report for Casselberry for the last 12 months. This will show you what is going on in the entire city for single family homes. Thanks.
Trending Versus*: Trending Versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $374,900 1% 11%
Average List Price of all Current Listings $440,471 2% 11%
December Median Sales Price $290,000 -5% -2% -2% 4% $295,000 5% 5%
December Average Sales Price $322,697 7% 3% -3% 9% $314,564 6% 6%
Total Properties Currently for Sale (Inventory) 393 -4% 2%
December Number of Properties Sold 101 -16% -31% 1488 7%
December Average Days on Market (Solds) 67 5% 6% 5% -6% 69 -1% -3%
Asking Price per Square Foot (based on New Listings) $146 7% 4% 11% 15% $136 8% 7%
December Sold Price per Square Foot $126 -1% -2% -2% 7% $126 7% 7%
December Month’s Supply of Inventory 3.9 14% 9% 48% 7% 3.5 -5% -5%
December Sale Price vs List Price Ratio 97.1% -0.4% 0% -1% -0.5% 97.5% 0.0% 0.0%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat)

To View Additional Information, Click Here.
Property Sales
December property sales were 101, down from 146 in December of 2015 and -15.8% lower than the 120 sales last month. December 2016 sales were at their lowest level compared to December of 2015 and 2014. December YTD sales of 1,488 are running 6.8% ahead of last year’s year-to-date sales of 1,393.
Prices
The median sales price in December was $290,000, down -2.2% from $296,450 in December of 2015 and down -5.0% from $305,388 last month. The average sales price in December was $322,697, down -3.0% from $332,621 in December of 2015 and up 6.6% from $302,836 last month. December 2016 ASP was at a mid range compared to December of 2015 and 2014.
Inventory & MSI
The total inventory of properties available for sale as of December was 393, down -3.9% from 409 last month and up 2.1% from 385 in December of last year. December 2016 Inventory was at a mid range compared to December of 2015 and 2014.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2016 MSI of 3.9 months was at its highest level compared with December of 2015 and 2014.

Market Time
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for December was 67, up from 64 days last month and up from 64 days in December of last year. The December 2016 DOM was at a mid range compared with December of 2015 and 2014.
Selling Price Per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The December 2016 selling price per square foot of $126 was down -0.8% from $127 last month and down -1.6% from $128 in December of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The December 2016 selling price vs list price of 97.1% was down from 97.5% last month and down from 98.0% in December of last year.
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in December 2016 was 123, down -20.6% from 155 last month and up 6.0% from 116 in December of last year.
Inventory / New Listings / Sales
This view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in December 2016 was 123, down -20.6% from 155 last month and up 6.0% from 116 in December of last year.

The post Market Snapshot | Winter Garden FL Jan 2016 to Dec 2016 appeared first on Orlando Florida.



source http://www.orlandoflhomesandland.com/market-snapshot-winter-garden-fl-jan-2016-dec-2016/

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