FL ARCHIVED May 2018 | Page 58

Market Action Report
City: Longboat Key
LONGBOAT
Market Action Report KEY
May 2018
Agent Name
May 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 0%
$1,697,500
7%
City: Longboat Information
Key
Community
| School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
$2,831,988
Month
$1,425,000
$1,697,500
0% 15%
$2,256,059 13%
$2,831,988
-3%
90 -1%
$1,425,000
17 -9%
21% -2%
May
Average
Sales
Price
$2,256,059
13%
May Average Days on Market (Solds)
308 202% 15%
70%
Total
Properties
Currently
for
Sale
(Inventory)
90 -1%
Asking Price per Square Foot (based on New Listings)
$656
-4% -4%
May
of Properties
17 21%
May Number
Sold Price
per Square Sold
Foot
$595
-5% 4%
May
Average
Days
on
Market
(Solds)
308
May Month's Supply of Inventory
5.3 202%
-19% 70%
-2%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$656 -4.8%
-4% -2.0%
-4%
May Sale
Price
List Price
85.9%
May
Sold
Price
per 3 Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $595 -5% 4%
* LM=Last
Month
/ L3M=Last
Months / PYM=Same
May Month's Supply of Inventory
5.3 -19% -2%
May
Sale Price
vs List Price Ratio
85.9% -4.8% -2.0%
Property
Sales
35
May Property sales were 17, up 70.0% from 10 in May of 2017
and 21.4% higher than the 14 sales last month. May 2018 sales
30
were at their highest level compared to May of 2017 and 2016.
Property
Sales
25
May YTD sales
of 73 are running 37.7% ahead of last year's year- 35
May
Property
sales
to-date
sales of
53. were 17, up 70.0% from 10 in May of 2017
20
and 21.4% higher than the 14 sales last month. May 2018 sales
30
were at their highest level compared to May of 2017 and 2016.
15
May YTD sales of 73 are running 37.7% ahead of last year's year- 25
to-date sales of 53.
10
20
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
City: Longboat Key
LONGBOAT
KEY
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for May was 308, up 202.0% from 102
days last month and up 51.7% from 203 days in May of last year.
The May 2018 DOM was at a mid level compared with May of
2017 and 2016.
Trending versus*:
Prior
YTD Prior
Year
-7%
-7%
YTD
$1,400,000
7% 24% $1,888,955
13%
2%
5%
-22%
-10%
-7%
70% -5% $1,400,000
73
38%
13%
24%
$1,888,955
2%
52% 80%
172
5%
-22%
26% 5%
$687
14%
70%
73
38%
9% 2%
$568
-5%
52%
80%
172
5%
-54% -61%
6.7 -48%
26%
5%
$687
14%
3.5% -2.1%
88.1%
1%
9% 2%
$568
-5%
-54%
-61% of Properties
6.7 Sold
-48%
Number
3.5% -2.1%
88.1%
1%
4%
-7%
4%
1%
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors |
308
300
250
203
200
150
109
100
10%
-3%
1%
-51%
10%
0%
-3%
-51%
0%
50
0
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
15
16
17
18
3 Mo Avg
3 Mo Avg
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The May 2018 Selling Price per Square Foot of $595 was down
4.6% from $624 last month and up 8.8% from 547 in May of last
year.
850
3 Mo Avg
789
800
750
700
650
595
600
547
500
450
10
Median Sales Price and Average Sales Price
3 Mo Avg
3,200 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
16
17
18
3,000 15
Median Sales Price and Average Sales Price
3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The May 2018 Selling Price vs Original List
Price of 85.9% was down from 90.2% last month and up from
83.0% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
140%
120%
92.5%
100%
85.9%
83.0%
80%
60%
40%
20%
0%
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
15
16
17
18
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
Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
18
20.0
40.0
10.0
30.0
0.0
20.0
10.0
0.0
80
100
120
30.0
50.0
140
40.0
160
Total Inventory & Month's Supply of Inventory (MSI)
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in May 2018 was 11, down 42.1% from 19 last month and down
15.4% from 13 in May of last year.
Total Inventory & Month's Supply of Inventory (MSI)
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
15
16
17
18
50.0
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
15
16
17
18
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
15
16
17
18
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
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
15
16
17
18
0 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
15
16
17
18
5
160
140
120
100
160
80
140
60
120
40
100
20
80
0
60
40
20
0
3 Mo Avg
350
550
Inventory & MSI
The Total Inventory of Properties available for sale as of May
was 90, down 1.1% from 91 last month and down 22.4% from 116
in May of last year. May 2018 Inventory was at its lowest level
Inventory
& MSI
compared with
May of 2017 and 2016.
The Total Inventory of Properties available for sale as of May
was 90, down 1.1% from 91 last month and down 22.4% from 116
in May of last year. May 2018 Inventory was at its lowest level
A comparatively
lower
MSI and
is more
beneficial for sellers while a
compared
with May
of 2017
2016.
higher MSI is better for buyers. The May 2018 MSI of 5.3
months was at its lowest level compared with May of 2017 and
2016.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The May 2018 MSI of 5.3
months was at its lowest level compared with May of 2017 and
2016.
Title
Phone
Website
Other
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
YTD
Number of Properties Sold
Prices
The Median Sales Price in May was $1,425,000, down 10.2%
from $1,587,500 in May of 2017 and down 8.8% from
$1,562,500 last month. The Average Sales Price in May was
Prices
$2,256,059, up 13.3% from $1,991,000 in May of 2017 and up
The
Median
Price in
May
was $1,425,000,
down
10.2%
13.3%
from Sales
$1,990,821
last
month.
May 2018 ASP
was
at a mid
from
$1,587,500
and 2016.
down 8.8% from
range
compared in
to May
May of
of 2017
2017 and
$1,562,500 last month. The Average Sales Price in May was
$2,256,059, up 13.3% from $1,991,000 in May of 2017 and up
13.3% from $1,990,821 last month. May 2018 ASP was at a mid
range compared to May of 2017 and 2016.
Agent Name
Price Range: $1,000,000 and Up | Properties: SFH - Con
15 5
10 0
May 2018
Community Information | School District
-3% Trending versus*:
5%
LM L3M
PYM -5%
LY
-9%
-2% -10%
Average List Price of all Current Listings
Market
Profile
& Price
Trends Overview
May Median
Sales
Median List Price of all Current Listings
May Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
May
Median Sales Price
May Number of Properties Sold
Market Action Report
60
40
20
0
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
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 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.
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, R EALTORS Association of the Palm Beaches, Space Coast Association of REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real estat
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.
58 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Coldwell Banker Global Luxury ® | 59
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 REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real es
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.