quarterly market detail - q1 2017 single family homes · 2017. 5. 11. · 4.6 q1 q2 q3 q4 q1 q2 q3...

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, May 15, 2017. Next quarterly data release is Wednesday, August 9, 2017.

Q4 2016 639 10.2%

-0.3%

6.2%

Q3 2016 796

Q2 2016 924

6.6%

-0.9%

24.6%

15.1%

21.8%

-4.6%

Q4 2014 585

Q3 2014 655

7.7%

2.3%

-0.4%Q2 2014 698

Q1 2014 436

Q2 2015 870

Q1 2015 502

Q1 2016 535

Q4 2015 580

Q3 2015 798

96.6% 0.2%

56 Days 60 Days -6.7%

$180,000 2.7%

$134.8 Million $114.7 Million 17.5%

$225,053 $214,364 5.0%

Q1 2016Percent Change

Year-over-Year

145 154 -5.8%

599 535 12.0%

3.7

Summary Statistics

Closed Sales

Paid in Cash

96.8%

Q1 2017

$184,900Median Sale Price

Average Sale Price

Dollar Volume

-19.6%

Q1 2017

Median Percent of Original

List Price Received

Median Time to Contract

94 Days

1,004

Median Time to Sale

New Pending Sales

New Listings

Quarter

1,045

Pending Inventory 541

Inventory (Active Listings) 910

Months Supply of Inventory

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 quarter's

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

rather than changes from one quarter to the next.

-14.5%

872 15.1%

Percent Change

Year-over-Year

12.0%

1,053 -0.8%

Closed Sales

599

110 Days

537 0.7%

1,065 -14.6%

4.6

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Quarterly Market Detail - Q1 2017

Alachua CountySingle Family Homes

0

200

400

600

800

1,000

Clo

sed

Sal

es

2013 2014 2015 2016

Closed SalesThe number of sales transactions which closed during the quarter



$100,000 - $149,999 104 -2.8%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 22 -21.4%

$50,000 - $99,999 43 -27.1%

$150,000 - $199,999 156 44.4%

$200,000 - $249,999 92 5.7%

$50,000 - $99,999 62 Days 29.2%

$100,000 - $149,999

$400,000 - $599,999 38 8.6%

$600,000 - $999,999 10 11.1%

44 Days -24.1%

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







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


Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 42 Days -36.4%

$1,000,000 or more 4 33.3%

$250,000 - $299,999 60 27.7%

$300,000 - $399,999 70 34.6%

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 quarter. 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 64 Days -7.2%

$200,000 - $249,999 55 Days 1.9%

$250,000 - $299,999

$400,000 - $599,999 193 Days 101.0%

60 Days -22.1%

$300,000 - $399,999 74 Days 80.5%

$600,000 - $999,999 1 Day -97.2%

$1,000,000 or more 22 Days 100.0%

0

50

100

150

200

250

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

Q1 2016 Q1 2017

0

50

100

150

200

250

020406080

100120140160180

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

Q1 2016 Q1 2017

020406080100120140160180



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

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



Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 23 -32.4%

$50,000 - $99,999 62 5.1%

$100,000 - $149,999 142 2.2%

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 - $199,999 195 -12.9%

$200,000 - $249,999 179 -3.2%

$250,000 - $299,999 149 20.2%

$300,000 - $399,999 145 5.1%

$400,000 - $599,999 92 12.2%

$600,000 - $999,999 46 -9.8%

$1,000,000 or more 12 -29.4%

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 12 -60.0%

$50,000 - $99,999 55 -27.6%

$100,000 - $149,999 97 -18.5%

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 quarter, and hold this number to compare with

the same quarter 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 - $199,999 133 -24.4%

$200,000 - $249,999 116 -17.7%

$250,000 - $299,999 117 -14.6%

$300,000 - $399,999 142 -16.0%

$400,000 - $599,999 144 15.2%

$600,000 - $999,999 65 -5.8%

$1,000,000 or more 29 26.1%

0

50

100

150

200

250

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

Q1 2016 Q1 2017

0

50

100

150

200

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

Q1 2016 Q1 2017

0

50

100

150

200

0

50

100

150

200

250



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

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

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price



Q1 2017 Q1 2016Percent Change

Year-over-Year

Traditional

551 442 24.7%

$193,400 $192,000 0.7%

Foreclosure/REO

40 83 -51.8%

$116,250 $101,000 15.1%

Short Sale

8 10 -20.0%

$170,950 $129,000 32.5%

2011 2012 2013 2014

$0

$50,000

$100,000

$150,000

$200,000

$250,000

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



Quarterly Distressed Market - Q1 2017


2011 2012 2013 2014



Q4 2016 140 4.5%

14.0%

31.5%

Q3 2016 236

Q2 2016 267

12.4%

-2.9%

-6.9%

39.8%

19.7%

-30.0%

Q4 2014 138

Q3 2014 173

14.0%

-12.2%

31.3%Q2 2014 218

Q1 2014 98

Q2 2015 203

Q1 2015 137

Q1 2016 154

Q4 2015 134

Q3 2015 207

94.1% 2.8%

36 Days 53 Days -32.1%

$96,000 16.7%


$117,308 $104,778 12.0%


Year-over-Year

116 103 12.6%

174 154 13.0%

2.1

Summary Statistics

Closed Sales

Paid in Cash

96.7%

Q1 2017


Average Sale Price

Dollar Volume

-54.3%

Q1 2017


List Price Received


67 Days

251

Median Time to Sale

New Pending Sales

New Listings

Quarter

253













-29.5%

249 0.8%

Percent Change

Year-over-Year

13.0%

297 -14.8%

Closed Sales

174

95 Days

137 -14.6%

269 -46.5%

4.6



Alachua CountyTownhouses and Condos

0

50

100

150

200

250

300

Clo

sed

Sal

es

2013 2014 2015 2016




$100,000 - $149,999 73 73.8%


Year-over-Year

Less than $50,000 14 -22.2%

$50,000 - $99,999 54 -23.9%

$150,000 - $199,999 16 23.1%

$200,000 - $249,999 12 71.4%

$50,000 - $99,999 41 Days -26.8%

$100,000 - $149,999

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

37 Days -43.1%











Contract

Percent Change

Year-over-Year

Less than $50,000 26 Days -10.3%

$1,000,000 or more 0 N/A

$250,000 - $299,999 5 150.0%

$300,000 - $399,999 0 -100.0%









$150,000 - $199,999 57 Days -43.6%

$200,000 - $249,999 26 Days 4.0%

$250,000 - $299,999

$400,000 - $599,999 (No Sales) N/A

5 Days -54.5%

$300,000 - $399,999 (No Sales) N/A

$600,000 - $999,999 (No Sales) N/A

$1,000,000 or more (No Sales) N/A

0

100

200

300

400

500

600

700

800

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

Q1 2016 Q1 2017

0

100

200

300

400

500

600

700

800

01020304050607080

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

Q1 2016 Q1 2017

01020304050607080








Year-over-Year

Less than $50,000 13 -27.8%

$50,000 - $99,999 69 -34.3%

$100,000 - $149,999 119 8.2%









$150,000 - $199,999 29 -21.6%

$200,000 - $249,999 16 -11.1%

$250,000 - $299,999 5 -37.5%

$300,000 - $399,999 0 -100.0%

$400,000 - $599,999 2 N/A

$600,000 - $999,999 0 N/A

$1,000,000 or more 0 N/A


Year-over-Year

Less than $50,000 8 -57.9%

$50,000 - $99,999 47 -47.2%

$100,000 - $149,999 50 -50.0%








market.

$150,000 - $199,999 28 -17.6%

$200,000 - $249,999 4 -76.5%

$250,000 - $299,999 5 -28.6%

$300,000 - $399,999 0 -100.0%

$400,000 - $599,999 2 N/A

$600,000 - $999,999 0 N/A

$1,000,000 or more 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

Q1 2016 Q1 2017

0

20

40

60

80

100

120

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

Q1 2016 Q1 2017

0

20

40

60

80

100

120

0

20

40

60

80

100

120

140





Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price




Year-over-Year

Traditional

165 137 20.4%

$113,450 $97,000 17.0%

Foreclosure/REO

5 15 -66.7%

$62,500 $57,000 9.6%

Short Sale

4 2 100.0%

$50,500 $51,500 -1.9%

2011 2012 2013 2014

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es






2011 2012 2013 2014



Q4 2016 37 23.3%

27.6%

28.6%

Q3 2016 37

Q2 2016 27

-13.0%

3.4%

5.0%

-30.3%

52.6%

83.3%

Q4 2014 29

Q3 2014 19

31.8%

26.7%

-4.8%Q2 2014 20

Q1 2014 33

Q2 2015 21

Q1 2015 23

Q1 2016 20

Q4 2015 30

Q3 2015 29

93.5% -7.7%

84 Days 31 Days 171.0%

$49,076 22.1%


$63,659 $54,541 16.7%


Year-over-Year

15 15 0.0%

25 20 25.0%

4.4

Summary Statistics

Closed Sales

Paid in Cash

86.3%

Q1 2017


Average Sale Price

Dollar Volume

-48.8%

Q1 2017


List Price Received


125 Days

38

Median Time to Sale

New Pending Sales

New Listings

Quarter

39













71.2%

40 -5.0%

Percent Change

Year-over-Year

25.0%

54 -27.8%

Closed Sales

25

73 Days

28 -10.7%

72 -36.1%

8.6



Alachua CountyManufactured Homes

0

10

20

30

40

Clo

sed

Sal

es

2013 2014 2015 2016




$100,000 - $149,999 6 N/A


Year-over-Year

Less than $50,000 12 20.0%

$50,000 - $99,999 7 -22.2%

$150,000 - $199,999 0 -100.0%

$200,000 - $249,999 0 N/A

$50,000 - $99,999 130 Days 584.2%

$100,000 - $149,999

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

94 Days N/A











Contract

Percent Change

Year-over-Year

Less than $50,000 69 Days 97.1%

$1,000,000 or more 0 N/A

$250,000 - $299,999 0 N/A

$300,000 - $399,999 0 N/A









$150,000 - $199,999 (No Sales) N/A

$200,000 - $249,999 (No Sales) N/A

$250,000 - $299,999

$400,000 - $599,999 (No Sales) N/A

(No Sales) N/A

$300,000 - $399,999 (No Sales) N/A

$600,000 - $999,999 (No Sales) N/A

$1,000,000 or more (No Sales) N/A

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

Me

dia

n T

ime

to

C

on

trac

t

Q1 2016 Q1 2017

0

20

40

60

80

100

120

140

0

2

4

6

8

10

12

14

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

Q1 2016 Q1 2017

0

2

4

6

8

10

12

14








Year-over-Year

Less than $50,000 15 7.1%

$50,000 - $99,999 16 -23.8%

$100,000 - $149,999 8 -33.3%









$150,000 - $199,999 0 -100.0%

$200,000 - $249,999 0 -100.0%

$250,000 - $299,999 0 -100.0%

$300,000 - $399,999 0 N/A

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

$1,000,000 or more 0 N/A


Year-over-Year

Less than $50,000 7 75.0%

$50,000 - $99,999 23 -30.3%

$100,000 - $149,999 11 -59.3%








market.

$150,000 - $199,999 4 33.3%

$200,000 - $249,999 0 -100.0%

$250,000 - $299,999 1 -66.7%

$300,000 - $399,999 0 -100.0%

$400,000 - $599,999 0 N/A

$600,000 - $999,999 0 N/A

$1,000,000 or more 0 N/A

0

5

10

15

20

25

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

Q1 2016 Q1 2017

0

5

10

15

20

25

30

35

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

Q1 2016 Q1 2017

0

5

10

15

20

25

30

35

0

5

10

15

20

25





Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price




Year-over-Year

Traditional

19 5 280.0%

$68,000 $70,000 -2.9%

Foreclosure/REO

6 14 -57.1%

$41,750 $45,613 -8.5%

Short Sale

0 1 -100.0%

(No Sales) $60,000 N/A

2011 2012 2013 2014

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es






2011 2012 2013 2014

quarterly market detail - q1 2017 single family homes · 2017. 5. 11. · 4.6 q1 q2 q3 q4 q1 q2 q3...

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