Florida Market Viewpoint April 2017 - Page 187

Market Action Report City: Panama City Panama City Agent Name Title Phone Agent Name Website Title Other Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $289,450 1% 22% Other $436,636 Trending 7% versus*: 28% Month LM -33% L3M -20% PYM -16% LY $189,850 $289,450 1% -36% -20% 22% -21% $204,060 $436,636 7% 58 -3% 28% -58% $189,850 -33% -20% -16% 25% -13% 10 -17% $204,060 133 -36% 1% -20% 12% -21% 108% -26% 58 -3% -58% $258 17% 15% 26% 10 -17% 25% $160 -19% -7% -3% 133 1% 12% 108% -11% 5.8 16% 3% -66% $258 17% 15% 26% 45% 94.7% .5% -.2% 2.4% Average List Price of all Current Listings Market Profile & Trends April Median Sales Price Overview Median List Price of all Price Current Listings April Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) April Sales Price April Median Number of Properties Sold April Average Sales Price April Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) April Number of Properties Sold April Sold Price per Square Foot April Average Days on Market (Solds) April Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) April Sale Price vs List Price Ratio April Sold Price per Square Foot $160 -19% -7% -3% 5.8 16% 3% -66% 94.7% .5% -.2% 2.4% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date April Month's Supply of Inventory April Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales 18 April Property sales were 10, up 25.0% from 8 in April of 2016 16 and 16.7% lower than the 12 sales last month. April 2017 sales Property Sales were at their highest level compared to April of 2016 and 2015. 18 14 April sales 10, running up 25.0% from ahead 8 in April of 2016 April Property YTD sales of were 42 are 16.7% of last year's year- 16 12 and 16.7% sales lower to-date of than 36. the 12 sales last month. April 2017 sales were at their highest level compared to April of 2016 and 2015. 14 10 April YTD sales of 42 are running 16.7% ahead of last year's year- 12 to-date sales of 36. 10 8 8 4 Trending versus*: Prior YTD Prior Year YTD Trending versus*: Prior YTD 8% Prior Year 10% -13% YTD $238,162 -26% $256,621 -1% -8% $238,162 $256,621 -11% 8% 42 -1% 119 17% 10% -24% -8% 45% $225 26% 42 17% -6% $171 -2% 119 -24% -20% -56% 7.3 -56% $225 26% 26% .8% 94.9% -0% -20% 26% 1% -44% 1% -6% $171 -2% 1% -56% 7.3 -56% -44% Number of 94.9% Properties .8% -0% Sold 1% 3 Mo Avg Number of Properties Sold 3 Mo Avg 7 0 2 2 4 6 6 Prices 14 15 The Median Sales Price in April was $189,850, down 15.6% from 400 Prices $224,902 in April of 2016 and down 32.7% from $282,000 last The Median Sales Price Sales in April was in $189,850, 15.6% from month. The Average Price April was down $204,060, down 400 350 $224,902 in April of 2016 down 32.7% from $282,000 last 20.8% from $257,601 in and April of 2016 and down 36.4% from month. The Average Sales Price in April was $204,060, down $320,869 last month. April 2017 ASP was at the lowest level 350 300 20.8% from to $257,601 April and of 2016 compared April of in 2016 2015. and down 36.4% from $320,869 last month. April 2017 ASP was at the lowest level 300 250 16 6 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 14 15 16 17 M J J A S O N D J F Median M A M J Sales J A S Price O N D and J F Average M A M J Sales J A S Price O N D J F M A 0 compared to April of 2016 and 2015. April 2017 Market Action Report City: Panama City April 2017 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 250 200 200 150 150 100 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 2015. 0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 The Total Inventory Inventory & MSI of Properties available for sale as of April 160 was Total 58, down 3.3% of from 60 last available month and down The Inventory Properties for sale as 58.0% of April from 138 58, in down April 3.3% of last from year. 2017 Inventory was at from its lowest 160 140 was 60 April last month and down 58.0% 140 120 138 in April of last with year. April April of 2017 was at its lowest level compared 2016 Inventory and 2015. level compared with April of 2016 and 2015. 120 100 100 80 80 60 A comparatively lower MSI is more beneficial for sellers while a 60 40 A higher comparatively lower MSI is more beneficial for sellers while a MSI is better for buyers. The April 2017 MSI of 5.8 40 higher MSI is better for buyers. April 2017 of 5.8 20 months was at its lowest level The compared with MSI April of 2016 and 20 months 0 2015. was at its lowest level compared with April of 2016 and Inventory & MSI 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 15 A M J J A S O N D J F M 16 M J 14 J A S O N D J F M A M J J A S O N D J F M A 17 14 15 16 17 100 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 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 O N D J F M A 14 15 16 17 14 15 16 17 Copyright © Coldwell Banker Residential Estate / Coldwell Banker United, Realtors Price Range: All | Property Types: SFH - Con Copyright © Coldwell Banker Residential Real Real Estate / Coldwell Banker United, Realtors | Price | Range: All | Property Types: SFH ´ ½¸)Œ¼°‘܁•°°ˆ„¸¬•È ¼´•Ì€¸Œ¼´)ð€ÄàÜ)…Ñ„)Áɽ٥‘•)½ÕÉѕÍä)½˜ɕ…Ñ•È)1…Õ‘•É‘…±”)I1Q=IL°)I1Q=H)Íͽ¥…Ñ¥½¸)½˜5…ÉÑ¥¸)5¥…µ¤Íͽ¥…Ñ¥½¸)½˜I1Q=IL°)±½É¥‘„51L°)I•¥½¹…°)51L°) ½…ɐ½˜I1Q=IL°)I1Q=IL½˜Íͽ¥…Ñ¥½¸)½˜Ñ¡”A…±´) •…¡•Ì°)MÁ…” ½…ÍÐ)ÍÌ)…Ñ„)¥Ì¥Ì)Áɽ٥‘•)½ÕÉѕÍä)½˜ɕ…Ñ•È)½ÉЁ½ÉÐ)1…Õ‘•É‘…±”)I1Q=IL°)I1Q=H)Íͽ¥…Ñ¥½¸)½˜5…ÉÑ¥¸) ½Õ¹Ñ䰁 ½Õ¹Ñä°)5¥…µ¤Íͽ¥…Ñ¥½¸)½˜I1Q=IL°)5䁱½É¥‘„5ä)I•¥½¹…°)9…Á±•Ì)ɕ„9…Á±•Ì) ½…ɐɕ„)½˜I1Q=IL°)I1Q=ILÍͽ¥…Ñ¥½¸)Ñ¡”A…±´ •…¡•Ì°)MÁ…”) ½…ÍЁÍͽ¥…Ñ¥½¸)½˜I0)‘½•Ì)݅ÉɅ¹Ð)½ÈÕ…É…¹Ñ•”)…ÕɅä)½˜¥¹™½Éµ…Ñ¥½¸¸)Ñ¡¥Ì¥¹™½Éµ…Ñ¥½¸¸)%Ё¥ÌÉ•ÍÁ½¹Í¥‰¥±¥Ñä)Ñ¡”É•ÍÁ½¹Í¥‰¥±¥Ñä)…¹ä½È‰Õå•È)ٕɥ™ä)…¹…±°¥¹™½Éµ…Ñ¥½¸)ѼÍՍ ½¹ÍÕµ•ËŠeÌ)•ÍхєÑɅ¹Í…Ñ¥½¸¸)‘½•Ì)¹½Ð¹½Ð)݅ÉɅ¹Ð)½ÈÕ…É…¹Ñ•”)Ñ¡”Ñ¡”)…ÕɅä)½˜Ñ¡¥Ì)%Ё¥ÌÑ¡”)½˜…¹ä½˜)‰Õå•È)͕±±•È½ÈÑ¼Í•±±•È)ٕɥ™äÑ¼…¹ä)…¹…¹ä)…±°¥¹™½Éµ…Ñ¥½¸)ɕ±•Ù…¹ÐÑ¼É•±•Ù…¹Ð)ÍՍ ½¹ÍÕµ•ËŠeÌ)ɕ…°•ÍхєÉ•…°)ÑɅ¹Í…Ñ¥½¸¸