FL ARCHIVED January 2018 | Page 197

Market Action Report January 2018
Community Information | School District
Market Action Report January 2018

City : Destin

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
$ 610,000
2 %
10 %
Average List Price of all Current Listings
$ 861,117
3 %
16 %
January Median Sales Price
$ 380,000
6 %
4 %
-7%
3 %
$ 380,000
-7%
3 %
January Average Sales Price
$ 596,789
22 %
14 %
4 %
16 %
$ 596,789
4 %
16 %
Total Properties Currently for Sale ( Inventory )
567
-4%
-17%
January Number of Properties Sold
67
-1%
-8%
67
-8%
January Average Days on Market ( Solds )
131
11 %
7 %
0 %
-6%
131
0 %
-6%
Asking Price per Square Foot ( based on New Listings )
$ 284
1 %
-1%
6 %
-1%
$ 284
6 %
-1%
January Sold Price per Square Foot
$ 281
10 %
5 %
-1%
6 %
$ 281
-1%
6 %
January Month ' s Supply of Inventory
8.5
-2%
2 %
-10%
9 %
8.5
-10%
9 %
January Sale Price vs List Price Ratio
91.6 % -2.0% -1.3% -1.5% -1.8%
91.6 %
-1%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
140
January Property sales were 67 , down 8.2 % from 73 in January
of 2017 and 1.5 % lower than the 68 sales last month . January
120
Property
2018 sales Sales were at a mid level compared to January of 2017 and
140
January
2016 . January Property YTD sales sales were of 67 67 , down are running 8.2 % from 8.273 % in behind January last
100
of year 2017 ' s and year-to-date 1.5 % lower sales than of the 73 . 68 sales last month . January
2018 sales were at a mid level compared to January of 2017 and
120
80
2016 . January YTD sales of 67 are running 8.2 % behind last
100
year ' s year-to-date sales of 73 .
60
80
40
60
40
20
Number of Properties Sold
20
0
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
0
15
16
17
18
Prices
The Median Sales Price in January was $ 380,000 , down 6.7 %
Prices from $ 407,500 in January of 2017 and up 6.2 % from $ 357,950
The last Median month Sales . The Price Average in January Sales Price was $ in 380,000 January , down was $ 6.7 596,789 % ,
600 from up 4.2 $ 407,500 % from in $ 572,739 January in of January 2017 and of up 2017 6.2 % and from up $ 22.3 357,950 % from last
$ 488,009 month . The last month Average . Sales January Price 2018 in January ASP was was at $ the 596,789 highest ,
550
F
M A M J
15
600
550
500
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
up level 4.2 % compared from $ 572,739 to January in January of 2017 of 2017 and 2016 and up . 22.3 % from
$ 488,009 last month . January 2018 ASP was at the highest
500
450
level compared to January of 2017 and 2016 .
450
400
400 350
350 300

Destin

62 104
Agent Name
86
Title Phone Website Other

Community Information | School District

84 103 72
62 104 86 84 103 72 92 77 62 56 68 45 56 92 84 105 85 68 108 81 78 77 89 73 76 104 94 116 109 74 106 73 77 78 68 67
300
250
250
F
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
M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
January Total Inventory was 567 , down of Properties 3.6 % from available 588 last for sale month as of and down
1,000
January
17.2 % from was 567 685 , down in January 3.6 % from of last 588 year last . month January and 2018 down Inventory
1,000
800
17.2 was % at from its lowest 685 in January level compared of last year with . January 2018 of 2017 Inventory and 2016 .
800 was at its lowest level compared with January of 2017 and 2016 .
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
15.0
20.0
15.0
600
10.0
400
10.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial January for 2018 sellers MSI while of a 8.5 higher months MSI was is better at its lowest for buyers level . The compared January with 2018 January MSI of 8.5 of 2017
200 months and 2016 was
. at its lowest level compared with January of 2017 and 2016 .
0
200
5.0
0
0.0
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 J
15
16
17
18
15
16
17
18
5.0
0.0
92 77 62
877 892 886 883 882 899 906 921 900 878 854 846 829 856 858 830 846 813 787 772 779
56 68
Number of Properties Sold
45 56 92 84 105 85
877 892 886 883 882 899 906 921 900 878 854 846 829 856 858 830 846 813 68 108 81 78 77 89 73 76 104 94 116 109
787 772 779 760 707 685 680 700 694 684 686 674 652
760 707 685 680 700 694 684 686 674 652 637 644 615
74
3 Mo Avg
106
588 567
73 77 78
637 644 615 588 567
3 Mo Avg
68
67
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con 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 Ass 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 .
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