FL ARCHIVED September 2017 | Page 58

Market Action Report September 2017
Community Information | School District
Market Action Report September 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
$ 695,000
0 %
-7%
Average List Price of all Current Listings
$ 1,259,027
1 %
3 %
September Median Sales Price
$ 569,500
12 %
-7%
-2%
-11%
$ 635,000
-2%
-1%
September Average Sales Price
$ 713,545
5 %
-13% -13% -29%
$ 853,924
-20%
-15%
Total Properties Currently for Sale ( Inventory )
273
-3%
-4%
September Number of Properties Sold
33 -27%
22 %
359
-7%
September Average Days on Market ( Solds )
144 -13%
-1%
19 %
25 %
136
20 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 516
8 %
6 %
10 %
8 %
$ 458
-4%
-4%
September Sold Price per Square Foot
$ 398
-4%
-7%
-9%
-13%
$ 434
-8%
-6%
September Month ' s Supply of Inventory
8.3
32 %
4 %
-21% -20%
9.7
15 %
-6%
September Sale Price vs List Price Ratio
90.1 %
1.5 % 1.0 %
. 1 %
-1.9%
89.4 %
-3%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales September Property sales were 33 , up 22.2 % from 27 in
September of 2016 and 26.7 % lower than the 45 sales last Property month . September Sales 2017 sales were at a mid level compared to 90
September Property of 2016 sales and were 2015 . 33 September , up 22.2 % from YTD sales 27 in of 359 are September of 2016 and 26.7 % lower than the 45 last
80 running 7.0 % behind last year ' s year-to-date sales of 386 . month . September 2017 sales were at a mid level compared to 70
September of 2016 and 2015 . September YTD sales of 359 are 60 running 7.0 % behind last year ' s year-to-date sales of 386 . 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
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 J
J
A
S
0
14
15
16
17
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 J
J
A
S
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in September was $ 569,500 , down 1.8 %
1,400
Prices from $ 580,000 in September of 2016 and up 11.7 % from
Median Sales Price and Average Sales Price
1,300
3 Mo Avg
The
$ 510,000 Median last Sales month Price . in The September Average was Sales $ 569,500 Price in , down September 1.8 %
1,400 from was $ 580,000 713,545 , in down September 12.7 % from of 2016 $ 817,406 and up in 11.7 September % from of 2016
1,200
1,300
$ and 510,000 up 5.4 last % month from $ . 676,703 The Average last month Sales Price . September in September 2017 ASP
1,100 was $ 713,545 , down 12.7 % from $ 817,406 in September of 2016
1,200 was at a mid range compared to September of 2016 and 2015 .
1,000 and up 5.4 % from $ 676,703 last month . September 2017 ASP
1,100
900 was at a mid range compared to September of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
400
500
400
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 J
J
A S
14
15
16
17
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 J
J
A S
14
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
September Total Inventory was 273 of , down Properties 2.8 % available from 281 for last sale month as of and down
September
3.9 % from was 284273 in , September down 2.8 % of from last 281 year last . September month and 2017 down
500
3.9
Inventory % from 284 was in at September a mid level of compared last year . September with September 2017 of 2016
400
Inventory and 2015 was . at a mid level compared with September 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 September for sellers 2017 while MSI a of 8.3 higher months MSI was is better at a mid for level buyers compared . The September with September 2017 MSI of of 2016 8.3
100 months and 2015 was . at a mid level compared with September of 2016 and 2015 .
0
200
15.0
10.0
100
5.0
0
0.0
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 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 J
J
A S
14
15
16
17
14
15
16
17
10.0
5.0
0.0
38 21 36 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
302 325
38 302
21 325
36 329
329 342 341
35 342
32 341
318 310
43 318
56 310
283 261
50 283
251 231
49 261
42 251
31 231
229 245
276 45
Number of Properties Sold
41
229 298 245
27
356 276
33
368 361
298 356
29 368
30
356 335
361 48 356
79 335
309 287 277
45 309
333 287
284 55 35 38
360 377
277
284 27 24
408 427
333
15
360 437 377
35 408
413 388
31 427
26
437
347 311
40
413
3 Mo Avg
388 52
281 273
347 49
311 50
281
3 Mo Avg
33
273 45 33
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 .