Market Action Report to include key Statistics for Windermere FL comparing December 2017 to December 2016.
This summary report will show you the Windermere FL Real Estate Market is very hot with an increase of 11.9% in sales. The average sale price is up by 26.4% when compared to last year. The total inventory of properties for sale is down by 140 homes form last year and the days on market was up almost 58%. The selling price per square foot of $127 was up 10.4% from 115 in December of last year.
Here is a summary of Key Facts at a glance for Windermere FL | December 2017 vs December 2016
–December YTD sales of 1,038 are running 11.9% ahead of last year’s year-to-date sales of 928
–The Average Sales Price in December was $610,274, up 26.4% from $482,672 in December of 2016
–The Total Inventory of Properties available for sale as of December was 372, down -27.3% from 512 in December of last year
–The DOM for December was 106, up 58.2% from 88 days in December of last year
–The December 2017 Selling Price per Square Foot of $177 was up 11.3% from $159 in December of last year
–The DOM for December was 106, up 20.5% from 88 days in December of last year.
–The number of New Listings in December 2017 was 75, down -5.1% from 79 in December of last year.
Here is a link to the Full Market Report: Market Action Report Windermere Fl Dec 2017 vs Dec 2016
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Property SalesDecember Property sales were 93, up 17.7% from 79 in December of 2016 and 20.8% higher than the 77 sales last month. December 2017 sales were at their highest level compared to December of 2016 and 2015. December YTD sales of 1,038 are running 11.9% ahead of last year’s year-to-date sales of 928. |
PricesThe Median Sales Price in December was $399,999, up 18.0% from $339,000 in December of 2016 and up 1.3% from $395,000 last month. The Average Sales Price in December was $610,274, up 26.4% from $482,672 in December of 2016 and up 19.1% from $512,316 last month. December 2017 ASP was at a mid range compared to December of 2016 and 2015. |
Inventory & MSIThe Total Inventory of Properties available for sale as of December was 372, down -8.6% from 407 last month and down -27.3% from 512 in December of last year. December 2017 Inventory was at the lowest level compared to December of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2017 MSI of 4.0 months was at its lowest level compared with December of 2016 and 2015. |
Market TimeThe 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 106, up 58.2% from 67 days last month and up 20.5% from 88 days in December of last year. The December 2017 DOM was at its highest level compared with December of 2016 and 2015. |
Selling Price per Square FootThe 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 2017 Selling Price per Square Foot of $177 was up 6.0% from $167 last month and up 11.3% from $159 in December of last year. |
Selling Price vs Listing PriceThe 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 2017 Selling Price vs List Price of 92.7% was down from 94.3% last month and down from 95.1% 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 2017 was 75, down -12.8% from 86 last month and down -5.1% from 79 in December of last year. |
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