Florida Market Viewpoint April 2017 - Page 201

Market Action Report Destin City: Destin Agent Name Market Action Report Title Phone Agent Name Website Title Other April 2017 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 $576,750 3% 5% Other $793,171 Trending 1% versus*: 5% Month LM 0% L3M 1% PYM 8% LY $371,000 $576,750 3% 7% 0% 5% -1% $487,780 $793,171 642 1% -3% 5% -25% $371,000 0% 1% 5% 91 -12% 8% 8% $487,780 110 7% -28% 0% -15% -1% 24% 0% 642 -3% -25% $285 -5% -1% 2% 91 -12% 8% $254 -5% -4% 6% 110 -28% -15% 24% -21% 7.1 9% -4% -31% $285 -5% -1% 2% 3% 94.8% .4% 1.1% .3% 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 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 120 April Property sales were 91, up 8.3% from 84 in April of 2016 and 11.7% lower than the 103 sales last month. April 2017 sales 100 Property Sales were at their highest level compared to April of 2016 and 2015. 120 April Property sales were 91, up 8.3% from 84 in April of 2016 April YTD sales of 342 are running 23.5% ahead of last year's 80 and 11.7% lower than of the 103 sales last month. April 2017 sales year-to-date sales 277. 100 $367,000 $486,179 -21% 15% 23% 3% 342 -1% -12% 0% 129 3% $288 4% 342 23% 2% $263 9% 129 -12% -8% -33% 7.8 -41% $288 4% 4% 2.1% 93.8% 2% -8% 4% 6% -26% 1% 3 Mo Avg 3 Mo Avg 92 0 20 20 40 40 60 Prices 14 600 15 16 Median Sales Price and Average Sales Price 550 45 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 3 Mo Avg 0 $457,001 last month. April 2017 ASP was at a mid range compared to April of 2016 and 2015. 3% 0% -1% 60 80 The Median Sales Price in April was $371,000, up 8.4% from Prices $342,300 in April of 2016 and up 0.3% from $370,000 last The Median Sales Price Sales in April was in $371,000, 8.4% from down month. The Average Price April was up $487,780, 600 $342,300 in $491,306 April of 2016 and up $370,000 last 0.7% from in April of 0.3% 2016 from and up 6.7% from month. The Average Sales Price in April was $487,780, down 550 $457,001 last month. April 2017 ASP was at a mid range 0.7% from $491,306 in 2016 April of 2016 and up 6.7% from compared to April of and 2015. $486,179 Number of Properties Sold were at their highest level compared to April of 2016 and 2015. April YTD sales of 342 are running 23.5% ahead of last year's year-to-date sales of 277. Trending versus*: YTD Prior YTD 15% Prior Year $367,000 $254 -5% -4% 6% 2% $263 9% 6% 7.1 9% -4% -31% -33% 7.8 -41% -26% Number of 93.8% Properties 94.8% .4% 1.1% .3% 2.1% 2% Sold 1% * 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 Trending versus*: Prior YTD Prior Year YTD 5% 0% City: Destin April 2017 17 3 Mo Avg 500 500 450 450 400 400 350 350 300 300 250 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 17 800 A comparatively lower MSI is more beneficial for sellers while a 600 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 20.0 20.0 The Total Inventory Inventory & MSI of Properties available for sale as of April 1,200 was Total 642, Inventory down 3.3% from 664 last month The of Properties available for and sale down as of 24.9% April from 855 642, in April last from year. 664 April Inventory was at its from lowest 1,200 1,000 was down of 3.3% last 2017 month and down 24.9% 855 in compared April of last with year. April April was at its lowest level of 2017 2016 Inventory and 2015. 1,000 800 level compared with April of 2016 and 2015. 600 15.0 250 400 10.0 400 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 7.1 a 5.0 200 higher MSI is better for buyers. 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