FL ARCHIVED December 2017 | Page 58

Market Action Report December 2017
Community Information | School District
Market Action Report December 2017

City : Longboat Key

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 699,000
1 %
-10%
Average List Price of all Current Listings
$ 1,325,935
-1%
5 %
December Median Sales Price
$ 672,500
13 %
11 %
-4%
5 %
$ 635,000
-1%
-1%
December Average Sales Price
$ 781,429
-26%
-6%
-4%
-22%
$ 858,956
-15%
-15%
Total Properties Currently for Sale ( Inventory )
335
6 %
-11%
December Number of Properties Sold
36
16 %
3 %
443
-4%
December Average Days on Market ( Solds )
158
1 %
3 %
-5%
37 %
140
21 %
22 %
Asking Price per Square Foot ( based on New Listings )
$ 468
3 %
-1%
-1%
-2%
$ 459
-5%
-4%
December Sold Price per Square Foot
$ 420
-12%
-2%
5 %
-9%
$ 435
-5%
-5%
December Month ' s Supply of Inventory
9.3
-9%
-25% -14% -10%
10.4
0 %
0 %
December Sale Price vs List Price Ratio
90.2 % -1.8% -. 7 % -1.2% -1.8%
89.7 %
-2%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales December Property sales were 36 , up 2.9 % from 35 in December
of 2016 and 16.1 % higher than the 31 sales last month . Property December Sales 2017 sales were at their highest level compared to 90
December Property of 2016 sales and were 2015 . 36 December , up 2.9 % from YTD 35 sales in December of 443 are of 2016 and 16.1 % higher than the 31 sales last month .
80 running 3.7 % behind last year ' s year-to-date sales of 460 . December 2017 sales were at their highest level compared to 70
December of 2016 and 2015 . December YTD sales of 443 are 60 running 3.7 % behind last year ' s year-to-date sales of 460 . 50

Longboat Agent Name Key Title Phone Website Other

Community Information | School District

90 80 70 60 50 40 30
Number of Properties Sold
40
20
30
10
20
0
10
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
0
15
16
17
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
Prices
Median Sales Price and Average Sales Price
15
16
17
3 Mo Avg
The Median Sales Price in December was $ 672,500 , down 3.9 %
1,400
Prices from $ 700,000 in December of 2016 and up 12.8 % from
Median Sales Price and Average Sales Price
1,300
3 Mo Avg
The
$ 595,999 Median last Sales month Price . in The December Average was Sales $ 672,500 Price in , down December 3.9 % was
1,400 from
$ 781,429 $ 700,000 , down in December 3.8 % from of $ 812,514 2016 and in up December 12.8 % from of 2016 and
1,200
1,300
$ down 595,999 26.2 last % month from $ . 1,058,645 The Average last Sales month Price . December in 2017 was ASP
1,100 $ 781,429 , down 3.8 % from $ 812,514 in
1,200 was at the lowest level compared to December of 2016 and 2015 .
1,000 down 26.2 % from $ 1,058,645 last month . December 2017 ASP
1,100
900 was at the lowest level compared to December of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
400
500
400
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
15
16
17
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
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 335 of , up Properties 5.7 % from available 317 last for month sale as and of down
December
11.1 % from was 377 335 in , up December 5.7 % from of 317 last last year month . December and down 2017
500
11.1
Inventory % from 377 was in at December a mid level of compared last year . December with December 2017 of 2016
400
Inventory and 2015 was . at a mid level compared with December of 2016 and 2015 .
300
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
30.0
25.0
20.0
15.0
A comparatively lower MSI is more beneficial for sellers while
200 a
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2017 while MSI of a 9.3 higher months MSI was is better at a mid for level buyers compared . The December with December 2017 MSI of of 2016 9.3
100 months and 2015 was . at a mid level compared with December of 2016 and 2015 .
0
200
15.0
10.0
100
5.0
0
0.0
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 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
15
16
17
15
16
17
10.0
5.0
0.0
35 32 43 56 50 49 42 31 45 41 27 33 29 30 48 79 45 55 35 38 27 24 15 35 31 26 40 52 49 50 33 45 33 17 31 36
342 341
35 342
32 341
43 318
318 310
283 56 310
50 283
261 251
49 261
42 251
231 229
31 231
245
276 45 41
229 298 245
27
356 368
276 33 298
Number of Properties Sold
29
356
361 356
30
368 361
48
335 309
356 79
335 45
287 277
309
284 55 35
333 287 360
277 38 27
377
333 408
284
24 15
427 437
360 377
35 408
31 427
413 388
26 437
40 413
347 312
283 52 388
49
347
277 300
50
312
3 Mo Avg
283 33
317 335 277
45 300
33 317
3 Mo Avg
17
335 31 36
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
58 | c o l d w e l l b a n k e r h o m e s . c o m
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Assoc does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .