Monthly Market Detail - February 2015 Townhouses …...2015/02/03 · February 2015 67.6% 3.0%...
Transcript of Monthly Market Detail - February 2015 Townhouses …...2015/02/03 · February 2015 67.6% 3.0%...
This report describes member activity for the association and is not confined to any specific geographic area.
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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
January 2015 31 -8.8%
26.3%
5.7%
December 2014 48
November 2014 37
32.4%
0.0%
-21.8%
29.4%
-5.5%
-8.6%
May 2014 46
April 2014 73
-9.8%
32.7%
-6.3%
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 using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
October 2014 49
September 2014 43
August 2014 52
March 2014 45
February 2014 32
July 2014 43
June 2014 66
$268,827 -14.0%
114 146 -21.9%
48 25.0%
$222,450 $205,000 8.5%
83 71 16.9%
February 2014Percent Change
Year-over-Year
25 21 19.0%
37 32 15.6%
Summary Statistics
Closed Sales
Paid in Cash
$231,082
February 2015
60New Pending Sales
New Listings
Median Sale Price
February 2015
Average Sale Price
Median Days on Market
94.0%
91
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
437
Months Supply of Inventory 9.2
3.6%
86 5.8%
Percent Change
Year-over-Year
15.6%
452 -3.3%
Closed Sales
37
90.7%
10.2 -9.4%
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
Monthly Market Detail - February 2015
New Smyrna Beach Board of REALTORS® Townhouses and Condos
0
20
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80
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2011 2012 2013 2014
Closed Sales The number of sales transactions which closed during the month
This report describes member activity for the association and is not confined to any specific geographic area.
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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
March 2014 62.2% 3.0%
February 2014 65.6% -8.1%
May 2014 58.7% -23.2%
April 2014 64.4% 1.2%
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 2014 55.1% 7.3%
September 2014 44.2% -24.0%
August 2014 57.7% -0.8%
July 2014 53.5% -13.5%
June 2014 40.9% -22.7%
December 2014 54.2% -17.7%
November 2014 67.6% 24.5%
February 2015 67.6% 3.0%
January 2015 58.1% -1.3%
February 2014 21 -16.0%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
April 2014 47 34.3%
March 2014 28 -3.4%
June 2014 27 0.0%
May 2014 27 -30.8%
November 2014 25 31.6%
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 2014 27 42.1%
September 2014 19 -24.0%
August 2014 30 -6.3%
July 2014 23 -32.4%
January 2015 18 -10.0%
December 2014 26 4.0%
Month Cash SalesPercent Change
Year-over-Year
February 2015 25 19.0%
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
30%
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s Monthly Market Detail - February 2015
2011 2012 2013 2014
New Smyrna Beach Board of REALTORS® Townhouses and Condos
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash
2011 2012 2013 2014
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
This report describes member activity for the association and is not confined to any specific geographic area.
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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
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.
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
April 2014
March 2014
February 2014
September 2014
August 2014
July 2014
June 2014
May 2014
June 2014
July 2014
August 2014
September 2014
October 2014
February 2015
January 2015
December 2014
November 2014
October 2014 48
39
45
55
52
42
Percent Change
Year-over-YearNew Pending Sales
60
54
30
-21.3%
-35.0%
-50.0%
-34.5%
-34.2%
3.1%67
50
61
76
48
-34.2%
-31.5%
-36.7%62
36.9%89
-22.2%63
-24.7%61
5.1%83April 2014
12.8%88May 2014
12.7%71February 2014
43.1%83March 2014
9.6%57November 2014
45.2%61December 2014
Month
MonthPercent Change
Year-over-YearNew Listings
-13.0%87January 2015
16.9%83February 2015
-9.5%
-29.4%
25.0%
10.2%
-28.6%
-33.3%
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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s Monthly Market Detail - February 2015
2011 2012 2013 2014
New Smyrna Beach Board of REALTORS® Townhouses and Condos
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month
2011 2012 2013 2014
New Listings The number of properties put onto the market during the month
This report describes member activity for the association and is not confined to any specific geographic area.
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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
March 2014 $219,573 1.9%
February 2014 $268,827 49.6%
May 2014 $252,004 5.4%
April 2014 $227,288 -19.3%
Economists' note : As noted above, 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.
October 2014 $237,964 3.4%
September 2014 $257,076 -1.1%
August 2014 $231,015 -13.1%
July 2014 $283,710 18.8%
June 2014 $220,100 -14.3%
December 2014 $285,919 30.2%
November 2014 $237,454 19.4%
January 2015 $202,879 -1.9%
March 2014 $185,000 23.3%
February 2014 $205,000 8.5%
Average Sale PricePercent Change
Year-over-Year
February 2015 $231,082 -14.0%
Month
May 2014 $208,750 1.8%
April 2014 $203,750 -4.1%
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.
October 2014 $180,000 -5.3%
September 2014 $251,250 21.1%
August 2014 $205,500 -12.6%
July 2014 $235,000 10.6%
June 2014 $194,000 2.6%
December 2014 $225,000 4.7%
November 2014 $198,000 21.7%
January 2015 $165,000 -5.0%
Median Sale PricePercent Change
Year-over-Year
February 2015 $222,450 8.5%
Month
$140K
$190K
$240K
$290K
$340K
Ave
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Pri
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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
$120K
$170K
$220K
$270K
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Pri
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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 2015
2011 2012 2013 2014
New Smyrna Beach Board of REALTORS® Townhouses and Condos
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
This report describes member activity for the association and is not confined to any specific geographic area.
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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
March 2014 91.3% 4.2%
February 2014 90.7% -0.3%
May 2014 94.0% 5.0%
April 2014 92.1% 2.6%
Economists' note : The Average Percent of Original List Price Received
is an indicator of market conditions, in that in a recovering market, the
measure 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 that has shifted from down to up, and is another
lagging indicator.
October 2014 92.5% 1.9%
September 2014 93.8% 2.2%
August 2014 91.1% -0.8%
July 2014 93.1% 4.7%
June 2014 92.3% 3.1%
December 2014 92.0% 1.4%
November 2014 89.7% -3.1%
January 2015 93.6% 2.7%
March 2014 133 -24.0%
February 2014 146 37.7%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
February 2015 94.0% 3.6%
Month
May 2014 106 -22.6%
April 2014 117 -26.4%
Economists' note : Median Days on Market 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. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
October 2014 100 -35.9%
September 2014 96 2.1%
August 2014 128 -11.7%
July 2014 122 -30.3%
June 2014 113 -19.9%
December 2014 111 -11.2%
November 2014 164 -2.4%
January 2015 120 14.3%
Median Days on
Market
Percent Change
Year-over-Year
February 2015 114 -21.9%
Month
65%
75%
85%
95%
105%
Avg
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Li
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ive
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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 2015
2011 2012 2013 2014
New Smyrna Beach Board of REALTORS® Townhouses and Condos
Median Days on Market The median number of days that properties sold during the month were on the market
2011 2012 2013 2014
Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month
This report describes member activity for the association and is not confined to any specific geographic area.
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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
March 2014 10.0 -24.7%
February 2014 10.2 -30.2%
May 2014 10.1 -17.7%
April 2014 9.9 -20.6%
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
October 2014 9.4 -14.1%
September 2014 10.0 -4.5%
August 2014 10.0 -4.5%
July 2014 9.6 -17.6%
June 2014 9.7 -14.9%
December 2014 8.8 -10.1%
November 2014 9.1 -17.9%
January 2015 9.9 -4.1%
March 2014 441 -11.1%
February 2014 452 -13.9%
Months SupplyPercent Change
Year-over-Year
February 2015 9.2 -9.4%
Month
May 2014 459 -5.2%
April 2014 453 -5.2%
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting 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.
October 2014 434 -8.8%
September 2014 455 -0.9%
August 2014 454 2.0%
July 2014 438 -9.7%
June 2014 453 -1.9%
December 2014 418 -3.7%
November 2014 424 -11.9%
January 2015 468 0.9%
InventoryPercent Change
Year-over-Year
February 2015 437 -3.3%
Month
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Inve
nto
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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 2015
2011 2012 2013 2014
New Smyrna Beach Board of REALTORS® Townhouses and Condos
Inventory (Active Listings) The number of property listings active at the end of the month
7.0
12.0
17.0
22.0
27.0
32.0
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2011 2012 2013 2014
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
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
This report describes member activity for the association and is not confined to any specific geographic area.
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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
$100,000 - $149,999 5 -16.7%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 2 0.0%
$50,000 - $99,999 3 200.0%
$150,000 - $199,999 4 -42.9%
$200,000 - $249,999 10 233.3%
$50,000 - $99,999 114 29.5%
$100,000 - $149,999
$400,000 - $599,999 2 -33.3%
$600,000 - $999,999 1 0.0%
98 -16.2%
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 using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 163 120.3%
$1,000,000 or more 0 -100.0%
$250,000 - $299,999 7 133.3%
$300,000 - $399,999 3 -40.0%
Economists' note: Median Days on Market 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. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 101 -40.2%
$200,000 - $249,999 132 9.1%
$250,000 - $299,999
$400,000 - $599,999 183 -20.8%
103 -67.8%
$300,000 - $399,999 166 12.9%
$600,000 - $999,999 1 -99.9%
$1,000,000 or more (No Sales) N/A
0 100 200 300 400 500 600 700 800 900
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 or more
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February 2014 February 2015
0
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4
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8
10
12
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 or more
Clo
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Sal
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February 2014 February 2015
0 100 200 300 400 500 600 700 800 900
0
2
4
6
8
10
12
Monthly Market Detail - February 2015
New Smyrna Beach Board of REALTORS® Townhouses and Condos
Closed Sales by Sale Price The number of sales transactions which closed during the month
Median Days on Market by Sale Price The median number of days that properties sold during the month were on the market
This report describes member activity for the association and is not confined to any specific geographic area.
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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 1 -75.0%
$50,000 - $99,999 2 -71.4%
$100,000 - $149,999 13 44.4%
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
$150,000 - $199,999 9 12.5%
$200,000 - $249,999 14 75.0%
$250,000 - $299,999 13 30.0%
$300,000 - $399,999 13 18.2%
$400,000 - $599,999 9 0.0%
$600,000 - $999,999 5 25.0%
$1,000,000 or more 4 300.0%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 5 -16.7%
$50,000 - $99,999 35 12.9%
$100,000 - $149,999 39 -18.8%
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting 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.
$150,000 - $199,999 70 0.0%
$200,000 - $249,999 67 6.3%
$250,000 - $299,999 42 -31.1%
$300,000 - $399,999 72 1.4%
$400,000 - $599,999 55 -3.5%
$600,000 - $999,999 39 2.6%
$1,000,000 or more 13 85.7%
0 10 20 30 40 50 60 70 80
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 or more
Inve
nto
ry
February 2014 February 2015
0 2 4 6 8
10 12 14 16
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 or more
Ne
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February 2014 February 2015
0 10 20 30 40 50 60 70 80
0 2 4 6 8 10 12 14 16
Monthly Market Detail - February 2015
New Smyrna Beach Board of REALTORS® Townhouses and Condos
New Listings by Initial Listing Price The number of properties put onto the market during the month
Inventory by Current Listing Price The number of property listings active at the end of the month
This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
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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 Monday, March 23, 2015. Next data release is Wednesday, April 22, 2015.
February 2015 February 2014Percent Change
Year-over-Year
Traditional
33 29 13.8%
$225,000 $206,000 9.2%
Foreclosure/REO
4 1 300.0%
$132,400 $222,000 -40.4%
Short Sale
0 2 -100.0%
(No Sales) $91,750 N/A
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
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0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
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Sal
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Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014
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Monthly Distressed Market - February 2015
New Smyrna Beach Board of REALTORS® Townhouses and Condos
2011 2012 2013 2014