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Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017. 12.6% 416 1.7% Percent Change Year-over-Year 2.5% 593 -8.9% Closed Sales 329 87 Days 649 2.8% 1,840 5.5% 4.8 8.3% February 2017 Median Percent of Original List Price Received Median Time to Contract 98 Days 423 Median Time to Sale New Pending Sales New Listings Month 540 Pending Inventory 667 Inventory (Active Listings) 1,942 Months Supply of Inventory 5.2 Summary Statistics Closed Sales Paid in Cash 95.0% February 2017 $185,000 Median Sale Price Average Sale Price Dollar Volume February 2016 Percent Change Year-over-Year 155 146 6.2% 329 321 2.5% $175,000 5.7% $75.9 Million $67.9 Million 11.9% $230,760 $211,409 9.2% 94.7% 0.3% 56 Days 44 Days 27.3% October 2016 350 September 2016 361 August 2016 405 February 2016 321 July 2016 409 June 2016 437 Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next. -6.7% May 2016 438 April 2016 435 -3.5% -4.6% -23.0% -10.9% -7.7% -5.1% 3.6% 12.5% March 2016 359 January 2017 285 8.8% -13.3% 15.5% December 2016 339 November 2016 328 J FMAM J J A S O N D J FMAM J J A S O N D J FMAM J J A S O N D J FMAM J J A S O N D J F Monthly Market Detail - February 2017 Charlotte County Single Family Homes 0 100 200 300 400 500 Closed Sales 2013 2014 2015 2016 Closed Sales The number of sales transactions which closed during the month
Transcript
Page 1: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

12.6%

416 1.7%

Percent Change

Year-over-Year

2.5%

593 -8.9%

Closed Sales

329

87 Days

649 2.8%

1,840 5.5%

4.8 8.3%

February 2017

Median Percent of Original

List Price Received

Median Time to Contract

98 Days

423

Median Time to Sale

New Pending Sales

New Listings

Month

540

Pending Inventory 667

Inventory (Active Listings) 1,942

Months Supply of Inventory 5.2

Summary Statistics

Closed Sales

Paid in Cash

95.0%

February 2017

$185,000Median Sale Price

Average Sale Price

Dollar Volume

February 2016Percent Change

Year-over-Year

155 146 6.2%

329 321 2.5%

$175,000 5.7%

$75.9 Million $67.9 Million 11.9%

$230,760 $211,409 9.2%

94.7% 0.3%

56 Days 44 Days 27.3%

October 2016 350

September 2016 361

August 2016 405

February 2016 321

July 2016 409

June 2016 437

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's

sales to the amount of sales in the same month in the previous year),

rather than changes from one month to the next. -6.7%

May 2016 438

April 2016 435

-3.5%

-4.6%

-23.0%

-10.9%

-7.7%

-5.1%

3.6%

12.5%

March 2016 359

January 2017 285 8.8%

-13.3%

15.5%

December 2016 339

November 2016 328

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 J J A S O N D J F M A M J J A S O N D J F

Monthly Market Detail - February 2017

Charlotte CountySingle Family Homes

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2013 2014 2015 2016

Closed SalesThe number of sales transactions which closed during the month

Page 2: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

Month Cash SalesPercent Change

Year-over-Year

February 2017 155 6.2%

January 2017 119 -9.2%

December 2016 136 -27.7%

November 2016 123 -15.8%

Economists' note : Cash Sales can be a useful indicator of the extent

to which investors are participating in the market. Why? Investors

are far more likely to have the funds to purchase a home available up

front, whereas the typical homebuyer requires a mortgage or some

other form of financing. There are, of course, many possible

exceptions, so this statistic should be interpreted with care.

October 2016 135 -25.8%

September 2016 145 -17.6%

August 2016 137 -17.5%

July 2016 151 -27.4%

June 2016 174 -3.9%

May 2016 176 -10.7%

April 2016 175 -24.9%

March 2016 151 -34.1%

February 2016 146 -25.1%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

February 2017 47.1% 3.5%

January 2017 41.8% -16.4%

December 2016 40.1% -16.6%

November 2016 37.5% -27.0%

Economists' note : This statistic is simply another way of viewing

Cash Sales. The remaining percentages of Closed Sales (i.e. those not

paid fully in cash) each month involved some sort of financing, such

as mortgages, owner/seller financing, assumed loans, etc.

October 2016 38.6% -16.6%

September 2016 40.2% -10.7%

August 2016 33.8% -26.7%

July 2016 36.9% -23.6%

June 2016 39.8% -7.2%

May 2016 40.2% -7.4%

April 2016 40.2% -21.3%

March 2016 42.1% -14.3%

February 2016 45.5% -19.8%

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 J J A S O N D J F M A M J J A S O N D J F

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 J J A S O N D J F M A M J J A S O N D J F

0%

20%

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. of

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Cas

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sMonthly Market Detail - February 2017

2013 2014 2015 2016

Charlotte CountySingle Family Homes

Cash SalesThe number of Closed Sales during the month in which buyers exclusively paid in cash

2013 2014 2015 2016

Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the month which were Cash Sales

Page 3: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

Month Median Sale PricePercent Change

Year-over-Year

February 2017 $185,000 5.7%

July 2016 $178,500 1.5%

January 2017 $195,000 8.6%

December 2016 $195,000 8.3%

September 2016 $195,000 22.0%

August 2016 $197,000 16.9%

November 2016 $189,463 9.7%

October 2016 $205,000 18.6%

June 2016 $189,980 11.7%

May 2016 $192,500 11.8%

April 2016 $190,000 19.1%

March 2016 $194,975 18.2%

February 2016 $175,000 19.0%

Month Average Sale PricePercent Change

Year-over-Year

February 2017 $230,760 9.2%

January 2017 $244,035 10.8%

December 2016 $235,499 10.0%

November 2016 $219,741 0.2%

July 2016 $208,276 3.4%

June 2016 $231,121 7.1%

15.5%

September 2016 $219,445 7.9%

August 2016 $241,494 21.8%

Economists' note : Median Sale Price is our preferred summary

statistic for price activity because, unlike Average Sale Price, Median

Sale Price is not sensitive to high sale prices for small numbers of

homes that may not be characteristic of the market area. Keep in

mind that median price trends over time are not always solely caused

by changes in the general value of local real estate. Median sale price

only reflects the values of the homes that sold each month, and the

mix of the types of homes that sell can change over time.

Economists' note : Usually, we prefer Median Sale Price over

Average Sale Price as a summary statistic for home prices. However,

Average Sale Price does have its uses—particularly when it is

analyzed alongside the Median Sale Price. For one, the relative

difference between the two statistics can provide some insight into

the market for higher-end homes in an area.March 2016 $232,221 15.9%

February 2016 $211,409 17.5%

May 2016 $228,778 9.5%

April 2016 $226,282 6.4%

October 2016 $232,156

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 J J A S O N D J F M A M J J A S O N D J F

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 J J A S O N D J F M A M J J A S O N D J F

$0K

$50K

$100K

$150K

$200K

$250K

$300K

Ave

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Pri

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$0K

$50K

$100K

$150K

$200K

$250K

Me

dia

n S

ale

Pri

ceMonthly Market Detail - February 2017

2013 2014 2015 2016

Charlotte CountySingle Family Homes

Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

2013 2014 2015 2016

Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)

Page 4: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

Month Dollar VolumePercent Change

Year-over-Year

February 2017 $75.9 Million 11.9%

January 2017 $69.5 Million 20.6%

December 2016 $79.8 Million -4.7%

November 2016 $72.1 Million 15.8%

Economists' note : Dollar Volume is simply the sum of all sale prices

in a given time period, and can quickly be calculated by multiplying

Closed Sales by Average Sale Price. It is a strong indicator of the

health of the real estate industry in a market, and is of particular

interest to real estate professionals, investors, analysts, and

government agencies. Potential home sellers and home buyers, on

the other hand, will likely be better served by paying attention to

trends in the two components of Dollar Volume (i.e. sales and prices)

individually.

October 2016 $81.3 Million 2.9%

September 2016 $79.2 Million -0.3%

August 2016 $97.8 Million 37.0%

July 2016 $85.2 Million -1.9%

June 2016 $101.0 Million 10.9%

May 2016 $100.2 Million 5.6%

April 2016 $98.4 Million 1.5%

March 2016 $83.4 Million -10.7%

February 2016 $67.9 Million 9.7%

MonthMed. Pct. of Orig. List

Price Received

Percent Change

Year-over-Year

February 2017 95.0% 0.3%

January 2017 95.4% -0.6%

December 2016 96.0% 0.0%

November 2016 95.6% -0.5%

July 2016 94.5% -0.2%

June 2016 95.7% 1.1%

September 2016 95.4% 0.2%

August 2016 95.1% 0.0%

Economists' note : The Median Percent of Original List Price

Received is useful as an indicator of market recovery, since it

typically rises as buyers realize that the market may be moving away

from them and they need to match the selling price (or better it) in

order to get a contract on the house. This is usually the last measure

to indicate a market has shifted from down to up, so it is what we

would call a lagging indicator. March 2016 95.7% 1.5%

February 2016 94.7% 1.1%

May 2016 95.2% 2.1%

April 2016 94.3% 0.0%

October 2016 95.4% 0.6%

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 J J A S O N D J F M A M J J A S O N D J F

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 J J A S O N D J F M A M J J A S O N D J F

0%

20%

40%

60%

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120%

Me

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$0

$20 M

$40 M

$60 M

$80 M

$100 M

$120 M

Do

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eMonthly Market Detail - February 2017

2013 2014 2015 2016

Charlotte CountySingle Family Homes

Dollar VolumeThe sum of the sale prices for all sales which closed during the month

2013 2014 2015 2016

Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month

Page 5: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

MonthMedian Time to

Contract

Percent Change

Year-over-Year

February 2017 56 Days 27.3%

January 2017 34 Days -5.6%

December 2016 35 Days 20.7%

November 2016 51 Days 30.8%

Economists' note : Like Time to Sale, Time to Contract is a measure

of the length of the home selling process calculated for sales which

closed during the month. The difference is that Time to Contract

measures the number of days between the initial listing of a property

and the signing of the contract which eventually led to the closing of

the sale. When the gap between Median Time to Contract and Median

Time to Sale grows, it is usually a sign of longer closing times and/or

declining numbers of cash sales.

October 2016 45 Days 0.0%

September 2016 46 Days -4.2%

August 2016 47 Days -16.1%

July 2016 49 Days -22.2%

June 2016 50 Days -10.7%

May 2016 46 Days -29.2%

April 2016 35 Days -10.3%

March 2016 45 Days -13.5%

February 2016 44 Days -17.0%

Month Median Time to SalePercent Change

Year-over-Year

February 2017 98 Days 12.6%

January 2017 79 Days -6.0%

December 2016 87 Days 13.0%

November 2016 92 Days 10.8%

Economists' note : Time to Sale is a measure of the length of the

home selling process, calculated as the number of days between the

initial listing of a property and the closing of the sale. Median Time

to Sale is the amount of time the "middle" property selling this month

was on the market. That is, 50% of homes selling this month took

less time to sell, and 50% of homes took more time to sell. Median

Time to Sale gives a more accurate picture than Average Time to Sale,

which can be skewed upward by small numbers of properties taking

an abnormally long time to sell.

October 2016 99 Days 13.8%

September 2016 95 Days 5.6%

August 2016 97 Days -9.3%

July 2016 101 Days -9.0%

June 2016 102 Days -1.0%

May 2016 98 Days -9.3%

April 2016 87 Days 2.4%

March 2016 91 Days -1.1%

February 2016 87 Days -8.4%

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 J J A S O N D J F M A M J J A S O N D J F

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 J J A S O N D J F M A M J J A S O N D J F0

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tMonthly Market Detail - February 2017

2013 2014 2015 2016

Charlotte CountySingle Family Homes

Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month

2013 2014 2015 2016

Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month

Page 6: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

Month New Pending SalesPercent Change

Year-over-Year

February 2017 423 1.7%

July 2016 419 0.5%

January 2017 438 14.1%

December 2016 323 0.0%

September 2016 348 -12.8%

August 2016 395 -6.0%

November 2016 349 -7.4%

October 2016 350 -5.4%

June 2016 463 4.3%

May 2016 415 -8.2%

April 2016 500 2.5%

March 2016 462 -16.2%

February 2016 416 -17.5%

Month New ListingsPercent Change

Year-over-Year

February 2017 540 -8.9%

January 2017 612 7.7%

December 2016 439 -7.2%

November 2016 543 5.2%

July 2016 421 -1.9%

June 2016 464 21.8%

2.1%

September 2016 426 -1.6%

August 2016 463 7.7%

Economists' note : New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly

relisted, since these are not really new listings.

Economists' note : Because of the typical length of time it takes for a

sale to close, economists consider Pending Sales to be a decent

indicator of potential future Closed Sales. It is important to bear in

mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed

Sales is susceptible to changes in market conditions such as the

availability of financing for homebuyers and the inventory of

distressed properties for sale.

March 2016 550 2.8%

February 2016 593 9.6%

May 2016 427 16.3%

April 2016 462 2.4%

October 2016 488

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 J J A S O N D J F M A M J J A S O N D J F

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 J J A S O N D J F M A M J J A S O N D J F

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sMonthly Market Detail - February 2017

2013 2014 2015 2016

Charlotte CountySingle Family Homes

New Pending SalesThe number of listed properties that went under contract during the month

2013 2014 2015 2016

New ListingsThe number of properties put onto the market during the month

Page 7: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

February 2016 4.8 -11.1%

April 2016 4.6 0.0%

March 2016 4.9 -2.0%

June 2016 4.1 10.8%

May 2016 4.3 2.4%

August 2016 3.9 18.2%

July 2016 4.0 14.3%

October 2016 4.3 22.9%

September 2016 3.9 18.2%

December 2016 4.8 20.0%

November 2016 4.6 21.1%

February 2017 5.2 8.3%

January 2017 5.1 15.9%

February 2016 1,840 -4.6%

Month Months SupplyPercent Change

Year-over-Year

April 2016 1,709 -0.8%

March 2016 1,852 0.8%

June 2016 1,532 8.3%

May 2016 1,625 3.5%

August 2016 1,474 14.7%

July 2016 1,482 9.5%

17.4%

October 2016 1,591 17.9%

September 2016 1,475 15.7%Economists' note : There are a number of ways to define and

calculate Inventory. Our method is to simply count the number of

active listings on the last day of the month, and hold this number to

compare with the same month the following year. Inventory rises

when New Listings are outpacing the number of listings that go off-

market (regardless of whether they actually sell). Likewise, it falls

when New Listings aren't keeping up with the rate at which homes

are going off-market.

Economists' note : MSI is a useful indicator of market conditions.

The benchmark for a balanced market (favoring neither buyer nor

seller) is 5.5 months of inventory. Anything higher is traditionally a

buyers' market, and anything lower is a sellers' market. There is no

single accepted way of calculating MSI. A common method is to

divide current Inventory by the most recent month's Closed Sales

count, but this count is a usually poor predictor of future Closed Sales

due to seasonal cycles. To eliminate seasonal effects, we use the 12-

month average of monthly Closed Sales instead.

Month InventoryPercent Change

Year-over-Year

February 2017 1,942 5.5%

January 2017 1,911 12.7%

December 2016 1,780 13.2%

November 2016 1,735

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 J J A S O N D J F M A M J J A S O N D J F

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 J J A S O N D J F M A M J J A S O N D J F

0.0

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ryMonthly Market Detail - February 2017

2013 2014 2015 2016

Charlotte CountySingle Family Homes

Inventory (Active Listings)The number of property listings active at the end of the month

2013 2014 2015 2016

Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates

Page 8: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

$600,000 - $999,999 86 Days -58.7%

$1,000,000 or more 18 Days -84.6%

Economists' note : Like Time to Sale, Time to Contract is a measure

of the length of the home selling process calculated for sales which

closed during the month. The difference is that Time to Contract

measures the number of days between the initial listing of a property

and the signing of the contract which eventually led to the closing of

the sale. When the gap between Median Time to Contract and Median

Time to Sale grows, it is usually a sign of longer closing times and/or

declining numbers of cash sales.

$150,000 - $199,999 52 Days 8.3%

$200,000 - $249,999 70 Days 34.6%

$250,000 - $299,999

$400,000 - $599,999 26 Days -51.9%

76 Days 16.9%

$300,000 - $399,999 90 Days 150.0%

Economists' note: Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's

sales to the amount of sales in the same month in the previous year),

rather than changes from one month to the next.

Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 2 Days -96.9%

$1,000,000 or more 3 50.0%

$250,000 - $299,999 35 9.4%

$300,000 - $399,999 35 29.6%

$50,000 - $99,999 25 Days -16.7%

$100,000 - $149,999

$400,000 - $599,999 16 -11.1%

$600,000 - $999,999 9 50.0%

41 Days 32.3%

$150,000 - $199,999 88 23.9%

$200,000 - $249,999 45 9.8%

$100,000 - $149,999 64 -11.1%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 1 -50.0%

$50,000 - $99,999 33 -34.0%

0

50

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Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

n T

ime

to

C

on

trac

t

February 2016 February 2017

0

50

100

150

200

250

0

20

40

60

80

100

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es

February 2016 February 2017

0

20

40

60

80

100

Monthly Market Detail - February 2017

Charlotte CountySingle Family Homes

Closed Sales by Sale PriceThe number of sales transactions which closed during the month

Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month

Page 9: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

$600,000 - $999,999 159 1.9%

$1,000,000 or more 84 -3.4%

Economists' note : There are a number of ways to define and

calculate Inventory. Our method is to simply count the number of

active listings on the last day of the month, and hold this number to

compare with the same month the following year. Inventory rises

when New Listings are outpacing the number of listings that go off-

market (regardless of whether they actually sell). Likewise, it falls

when New Listings aren't keeping up with the rate at which homes

are going off-market.

$150,000 - $199,999 288 -6.5%

$200,000 - $249,999 320 5.6%

$250,000 - $299,999 280 19.1%

$300,000 - $399,999 318 5.6%

$400,000 - $599,999 284 20.3%

$50,000 - $99,999 43 -14.0%

$100,000 - $149,999 166 1.2%

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 0 N/A

$600,000 - $999,999 24 0.0%

$1,000,000 or more 9 -40.0%

Economists' note: New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly

relisted, since these are not really new listings.

$150,000 - $199,999 119 -1.7%

$200,000 - $249,999 102 1.0%

$250,000 - $299,999 60 -14.3%

$300,000 - $399,999 59 -10.6%

$400,000 - $599,999 50 0.0%

$50,000 - $99,999 32 -17.9%

$100,000 - $149,999 85 -18.3%

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 0 -100.0%

0

20

40

60

80

100

120

140

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs

February 2016 February 2017

0

50

100

150

200

250

300

350

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry

February 2016 February 2017

0

50

100

150

200

250

300

350

0

20

40

60

80

100

120

140

Monthly Market Detail - February 2017

Charlotte CountySingle Family Homes

New Listings by Initial Listing PriceThe number of properties put onto the market during the month

Inventory by Current Listing PriceThe number of property listings active at the end of the month

Page 10: Monthly Market Detail - February 2017 Single Family Homesfiles.constantcontact.com › 5d2c4c3b401 › 0ea45c8b-32c5-4ffd-8a7… · Produced by Florida REALTORS® with data provided

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Wednesday, March 22, 2017. Data revised on Monday, January 16, 2017. Next data release is Friday, April 21, 2017.

Short Sale

3 2 50.0%

$225,000 $183,500 22.6%

Foreclosure/REO

25 36 -30.6%

$124,900 $118,000 5.8%

February 2017 February 2016Percent Change

Year-over-Year

Traditional

301 283 6.4%

$191,500 $179,000 7.0%

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale

2013 2014 2015 2016

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 J J A S O N D J F M A M J J A S O N D J F

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 J J A S O N D J F M A M J J A S O N D J F

Monthly Distressed Market - February 2017

Charlotte CountySingle Family Homes

2013 2014 2015 2016


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