| Zip Code: 32801 |
August 2017 |
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 |
$375,500 |
10% |
|
14% |
|
|
|
|
| Average List Price of all Current Listings |
$509,443 |
8% |
|
32% |
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|
| August Median Sales Price |
$220,000 |
-15% |
-10% |
-15% |
-17% |
$255,500 |
4% |
-4% |
| August Average Sales Price |
$282,247 |
-2% |
-4% |
-11% |
-13% |
$294,289 |
0% |
-10% |
| Total Properties Currently for Sale (Inventory) |
110 |
3% |
|
-23% |
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|
| August Number of Properties Sold |
33 |
-8% |
|
50% |
|
224 |
26% |
|
| August Average Days on Market (Solds) |
113 |
59% |
18% |
113% |
30% |
91 |
11% |
5% |
| Asking Price per Square Foot (based on New Listings) |
$283 |
14% |
10% |
18% |
16% |
$248 |
2% |
2% |
| August Sold Price per Square Foot |
$227 |
0% |
0% |
-3% |
0% |
$224 |
2% |
-1% |
| August Month’s Supply of Inventory |
3.3 |
12% |
-2% |
-48% |
-52% |
5.2 |
-29% |
-26% |
| August Sale Price vs List Price Ratio |
92.2% |
-3.3% |
-3% |
-8% |
-2.3% |
94.1% |
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)
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| Property Sales |
| August property sales were 33, up from 22 in August of 2016 and -8.3% lower than the 36 sales last month. August 2017 sales were at their highest level compared to August of 2016 and 2015. August YTD sales of 224 are running 25.8% ahead of last year’s year-to-date sales of 178. |
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| Prices |
| The median sales price in August was $220,000, down -15.3% from $259,750 in August of 2016 and down -15.4% from $259,950 last month. The average sales price in August was $282,247, down -11.3% from $318,319 in August of 2016 and down -2.1% from $288,363 last month. August 2017 ASP was at a mid range compared to August of 2016 and 2015. |
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| Inventory & MSI |
| The total inventory of properties available for sale as of August was 110, up 2.8% from 107 last month and down -22.5% from 142 in August of last year. August 2017 Inventory was at the lowest level compared to August of 2016 and 2015.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2017 MSI of 3.3 months was at its lowest level compared with August 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 August was 113, up from 71 days last month and up from 53 days in August of last year. The August 2017 DOM was at its highest level compared with August 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 August 2017 selling price per square foot of $227 was equal to $227 last month and down -2.6% from $233 in August 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 August 2017 selling price vs list price of 92.2% was down from 95.3% last month and down from 99.9% in August 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 August 2017 was 42, up 35.5% from 31 last month and up 10.5% from 38 in August 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 August 2017 was 42, up 35.5% from 31 last month and up 10.5% from 38 in August 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 8/31/2017. 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 Orlando FL 32801 | Market Action Report August 2017 appeared first on Orlando Florida.
source
http://www.orlandoflhomesandland.com/orlando-fl-32801-market-action-report-august-2017/
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