FL ARCHIVED December 2017 | Page 36

Market Action Report
City: Longboat Key
LONGBOAT
Market Action Report KEY
December 2017
Agent Name
December 2017
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 0%
$1,550,000
-3%
City: Longboat Information
Key
Community
| School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Listings
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
$2,909,569 -0% Trending versus*:
20%
Month -17%
LM L3M
LY
YTD
Prior
YTD Prior
Year
$1,555,000
2% PYM
20% -9%
$1,500,000
-21%
-12%
$1,550,000
0%
-3%
$1,435,750 -45% -22% -11% -36% $1,854,520
-19%
-17%
Average
List Price Currently
of all Current
Listings
$2,909,569
20%
Total Properties
for Sale
(Inventory)
108 -0%
5%
-22%
December
Price
$1,555,000
-21%
-12%
December Median
Number Sales
of Properties
Sold
10 -17%
25% 2% 20%
11% -9% $1,500,000
111 -13%
December
$1,435,750
-17%
December Average
Average Sales
Days Price
on Market (Solds)
247 -45%
54% -22%
40% -11%
23% -36%
98% $1,854,520
176 -19%
38%
41%
Total
Properties
for Sale
(Inventory)
108 -14%
5% -10% -22%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$578
-1% -9%
$622
-3%
-2%
December
of Properties
10 -30%
25% -17% 11%
111 -13%
-13%
December Number
Sold Price
per Square Sold
Foot
$493
-5% -27%
$591
-13%
December
on of
Market
(Solds)
247 -16%
54% -44%
40% -30%
23% -40%
98%
176 -22%
38%
41%
December Average
Month's Days
Supply
Inventory
10.8
13.9
-22%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$578
-14%
-10%
-1%
-9%
$622
-3%
-2%
December Sale Price vs List Price Ratio
88.6% -2.6% -2.3% 2.0% -3.1%
87.4%
-5%
-4%
* LM=Last Month Sold
/ L3M=Last
3 Months
December
Price
per / PYM=Same
Square Month
Foot Prior Year / LY=Last Year (2016) / YTD = Year-to-date
$493 -30% -17% -5% -27%
$591
-13%
-13%
December Month's Supply of Inventory
10.8 -16% -44% -30%
-40% of Properties
13.9 Sold
-22%
-22%
Number
December
Sale
Price
vs
List
Price
Ratio
88.6%
-2.6%
-2.3%
2.0%
-3.1%
87.4%
-5%
-4%
P roperty Sales
Average List Price of all Current Listings
Market
Profile
& Sales
Trends
Overview
December
Median
Price
Median
List
Price
of
all
Current
December Average Sales Price Listings
35
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Property sales were 10, up 11.1% from 9 in December
of 2016 and 25.0% higher than the 8 sales last month.
30
December 2017 sales were at their highest level compared to
Property
Sales
25
35
December of
2016 and 2015. December YTD sales of 111 are
December
Property
sales
were
10, year-to-date
up 11.1% from
9 in of December
running 13.3%
behind
last
year's
sales
128.
20
of 2016 and 25.0% higher than the 8 sales last month.
30
December 2017 sales were at their highest level compared to
15
25
December of 2016 and 2015. December YTD sales of 111 are
Number of Properties Sold
17
6
Median Sales Price and Average Sales Price
3 Mo Avg
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
Total Inventory & Month's Supply of Inventory (MSI)
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
50.0
160
140
120
100
160
80
140
60
120
40
100
20
80
0
60
40
20
0
2,800
2,600
3,200
2,400
3,000
2,200
2,800
2,000
2,600
1,800
2,400
1,600
2,200
1,400
2,000
1,200
1,800
1,600
1,400
1,200
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
The Total Inventory of Properties available for sale as of
December was 108, up 4.9% from 103 last month and down
21.7% from 138 in December of last year. December 2017
Inventory
& at
MSI
Inventory was
its lowest level compared with December of
2016
and Inventory
2015.
The
Total
of Properties available for sale as of
December was 108, up 4.9% from 103 last month and down
21.7% from 138 in December of last year. December 2017
A comparatively
lower
MSI level
is more
beneficial
sellers while
Inventory
was at its
lowest
compared
with for
December
of a
higher
MSI
is better for buyers. The December 2017 MSI of 10.8
2016
and
2015.
months was at its lowest level compared with 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 10.8
months was at its lowest level compared with December of 2016
and 2015.
Median Sales Price and Average Sales Price
0
3 Mo Avg
3,200 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
16
17
3,000 15
Prices
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
5
10 0
15 5
The Median Sales Price in December was $1,555,000, up 19.6%
from $1,300,000 in December of 2016 and down 17.4% from
$1,882,500 last month. The Average Sales Price in December
Prices
was $1,435,750, down 11.3% from $1,619,222 in December of
The
Median
Sales 44.7%
Price from
in December
was last
$1,555,000,
up 19.6%
2016
and down
$2,596,250
month. December
from
of compared
2016 and down
17.4% from
2017 $1,300,000
ASP was at in
the December
lowest level
to December
of 2016
$1,882,500
and 2015. last month. The Average Sales Price in December
was $1,435,750, down 11.3% from $1,619,222 in December of
2016 and down 44.7% from $2,596,250 last month. December
2017 ASP was at the lowest level compared to December of 2016
and 2015.
3 Mo Avg
10
20
running 13.3% behind last year's year-to-date sales of 128.
3 Mo Avg
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
40.0
30.0
50.0
20.0
40.0
10.0
30.0
0.0
20.0
10.0
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
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 Association of REALT
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.
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
36 | coldwellbankerluxury.com
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 Association of REAL
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.