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| Zip Code: 34786 |
July 2017 |
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| Property Type: Single Family Home, Townhome, Condo | Price $0 to $999,999,999 |
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Trending Versus*: |
Trending Versus*: |
| Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
PriorYTD |
PriorYear |
| Median List Price of all Current Listings |
$675,000 |
-2% |
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8% |
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| Average List Price of all Current Listings |
$1,108,036 |
-5% |
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2% |
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| July Median Sales Price |
$411,000 |
0% |
7% |
6% |
8% |
$382,500 |
2% |
1% |
| July Average Sales Price |
$586,723 |
7% |
10% |
8% |
7% |
$564,957 |
4% |
3% |
| Total Properties Currently for Sale (Inventory) |
512 |
-3% |
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-16% |
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| July Number of Properties Sold |
97 |
-9% |
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41% |
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637 |
18% |
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| July Average Days on Market (Solds) |
85 |
12% |
1% |
6% |
-11% |
93 |
-1% |
-2% |
| Asking Price per Square Foot (based on New Listings) |
$195 |
2% |
1% |
1% |
3% |
$192 |
0% |
1% |
| July Sold Price per Square Foot |
$173 |
2% |
4% |
0% |
4% |
$169 |
2% |
2% |
| July Month’s Supply of Inventory |
5.3 |
7% |
4% |
-40% |
-28% |
5.9 |
-22% |
-20% |
| July Sale Price vs List Price Ratio |
95.2% |
-1.1% |
0% |
0% |
1.3% |
94.9% |
1.0% |
1.0% |
* 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)
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| To View Additional Information, Click Here. |
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| Property Sales |
| July property sales were 97, up from 69 in July of 2016 and -9.3% lower than the 107 sales last month. July 2017 sales were at a mid level compared to July of 2016 and 2015. July YTD sales of 637 are running 18.2% ahead of last year’s year-to-date sales of 539. |
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| Prices |
| The median sales price in July was $411,000, up 5.7% from $389,000 in July of 2016 and up 0.2% from $410,000 last month. The average sales price in July was $586,723, up 8.1% from $542,789 in July of 2016 and up 6.8% from $549,611 last month. July 2017 ASP was at highest level compared to July of 2016 and 2015. |
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| Inventory & MSI |
| The total inventory of properties available for sale as of July was 512, down -3.2% from 529 last month and down -16.2% from 611 in July of last year. July 2017 Inventory was at the lowest level compared to July of 2016 and 2015.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2017 MSI of 5.3 months was at its lowest level compared with July of 2016 and 2015.
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| 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 July was 85, up from 76 days last month and up from 80 days in July of last year. The July 2017 DOM was at a mid range compared with July of 2016 and 2015. |
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| 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 July 2017 selling price per square foot of $173 was up 2.4% from $169 last month and equal to $173 in July of last year. |
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| 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 July 2017 selling price vs list price of 95.2% was down from 96.3% last month and up from 94.8% in July of last year. |
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| 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 July 2017 was 133, down -7.0% from 143 last month and down -8.3% from 145 in July of last year. |
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| 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 July 2017 was 133, down -7.0% from 143 last month and down -8.3% from 145 in July of last year. |
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| © 2017 Coldwell Banker Residential Real Estate. All Rights Reserved. Coldwell Banker Residential Real Estate fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Real Estate is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.
Based on information from My Florida Regional MLS for the period 1/1/2004 through 7/31/2017. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market. This information will expire 30 days from when it was generated.
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The post Windermere FL | Market Action Report July 2017 appeared first on Orlando Florida.
source
http://www.orlandoflhomesandland.com/windermere-fl-market-action-report-july-2017/
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