FL ARCHIVED August 2017 | Page 197

Market Action Report August 2017
Community Information | School District
Market Action Report August 2017

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
$ 624,000
-0%
8 %
Average List Price of all Current Listings
$ 831,527
2 %
10 %
August Median Sales Price
$ 373,750
5 %
1 %
-7%
5 %
$ 368,500
7 %
4 %
August Average Sales Price
$ 563,443
20 %
6 %
17 %
16 %
$ 510,382
5 %
5 %
Total Properties Currently for Sale ( Inventory )
623
-5%
-21%
August Number of Properties Sold
102
40 %
-6%
746
16 %
August Average Days on Market ( Solds )
175
19 %
11 %
36 %
26 %
144
0 %
4 %
Asking Price per Square Foot ( based on New Listings )
$ 293
-4%
0 %
6 %
6 %
$ 288
4 %
4 %
August Sold Price per Square Foot
$ 279
13 %
6 %
10 %
12 %
$ 263
7 %
6 %
August Month ' s Supply of Inventory
6.1 -32% -14% -16% -42%
7.4
-34%
-30%
August Sale Price vs List Price Ratio
92.4 % -1.5% -. 8 % -1.4% -. 6 %
93.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
140
August Property sales were 102 , down 5.6 % from 108 in August
of 2016 and 39.7 % higher than the 73 sales last month . August
120
Property
2017 sales Sales were at a mid level compared to August of 2016 and
140
August
2015 . Property August YTD sales sales were of 102 746 , down are running 5.6 % from 16.0 108 % in ahead August of last
100
of year 2016 ' s year-to-date and 39.7 % higher sales than of 643 the . 73 sales last month . August
2017 sales were at a mid level compared to August of 2016 and
120
80
2015 . August YTD sales of 746 are running 16.0 % ahead of last
100
year ' s year-to-date sales of 643 .
60
80
40
60
40
20
Number of Properties Sold
20
0
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
0
14
15
16
17
Prices
The Median Sales Price in August was $ 373,750 , down 6.6 %
Prices from $ 400,000 in August of 2016 and up 5.3 % from $ 355,000
The last Median month Sales . The Price Average in August Sales Price was $ 373,750 in August , down was 6.6 $ 563,443 % ,
600 from up 17.4 $ 400,000 % from in $ 479,760 August of in 2016 August and of up 2016 5.3 % and from up $ 20.3 355,000 % from last
$ 468,336 month . last The month Average . August Sales Price 2017 in ASP August was was at the $ 563,443 highest , level
550
S
O N D
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
J
A
14
15
16
17
600
Median Sales Price and Average Sales Price
3 Mo Avg
550
500
3 Mo Avg
up compared 17.4 % from to $ August 479,760 of in 2016 August and of 2015 2016 . and up 20.3 % from
$ 468,336 last month . August 2017 ASP was at the highest level
500
450
compared to August of 2016 and 2015 .
450
400
400 350
350 300

Destin

92 80
Agent Name
55
Title Phone Website Other

Community Information | School District

83 59 62
92 80 55 83 59 62 104 86 84 103 72 92 77 62 56 68 45 56 92 84 105 85 68 108 81 78 77 89 73 75 104 94 116 109 73 102
300
250
250
S
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
O
14 N D
J
F
15 M 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 A
17 M J
J
A
J
A
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 August
The was Total 623 , Inventory down 5.0 of % Properties from 656 last available month for and sale down as of 20.7 August % from
1,000 was 786623 in , August down 5.0 of % last from year 656 . August last month 2017 and Inventory down 20.7 was % at from its
1,000
800
786 lowest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its
800 lowest level compared with August of 2016 and 2015 .
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 August for 2017 sellers MSI while of 6.1 a higher months MSI was is better at its lowest for buyers level . The compared August with 2017 August MSI of 6.1 of 2016
200 months and 2015 was
. at its lowest level compared with August of 2016 and 2015 .
0
200
5.0
0
0.0
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 M J
J A
14
15
16
17
14
15
16
17
5.0
0.0
104 86 84 103 72
950 938 916 888 872 877 892 886 883 882 899 905 920 899 877 853 844 827 854 856
Number of Properties Sold
92
950 938 916 888 872 877 892 886 883 882 899 905 920 899 877 853 844 827 854 856 828 844 812
77 62 56 68 45 56 92 84 105 85 68 108 81 78
828 844 812 786 770 775 756 702 679 674 694 77 89 73 75
686 674 672 656 623
3 Mo Avg
104 94
786 770 775 756 702 679 674 694 686 674 672
116
3 Mo Avg
109
656
623 73 102
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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