FL ARCHIVED August 2017 | Page 58

Market Action Report August 2017
Community Information | School District
Market Action Report August 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
2 %
-12%
Average List Price of all Current Listings
$ 1,263,475
5 %
-1%
August Median Sales Price
$ 510,000
-32% -15% -4%
-20%
$ 640,000
-2%
0 %
August Average Sales Price
$ 676,703
-29% -19% -16% -33%
$ 868,135
-20%
-14%
Total Properties Currently for Sale ( Inventory )
275 -11%
-1%
August Number of Properties Sold
45
36 %
18 %
326
-9%
August Average Days on Market ( Solds )
165
15 %
19 %
53 %
43 %
136
20 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 479
6 %
1 %
6 %
0 %
$ 455
-5%
-5%
August Sold Price per Square Foot
$ 414
-10% -4%
-5%
-10%
$ 438
-7%
-5%
August Month ' s Supply of Inventory
6.1 -35% -18% -16% -41%
9.9
21 %
-5%
August Sale Price vs List Price Ratio
88.8 %
. 2 %
. 0 % -1.8% -3.3%
89.3 %
-3%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Longboat Agent Name Key Title Phone Website Other

Community Information | School District

Property Sales
90
August Property sales were 45 , up 18.4 % from 38 in August of
2016 and 36.4 % higher than the 33 sales last month . August
80
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to August of
90
70
August
2016 and Property 2015 . sales August were YTD 45 , up sales 18.4 of % 326 from are 38 running August 9.2 of %
2016 behind and last 36.4 year % higher ' s year-to-date than the 33 sales sales of last 359 month . . August 2017 sales were at their highest level compared to August of
2016 and 2015 . August YTD sales of 326 are running 9.2 % behind last year ' s year-to-date sales of 359 .
80
70
60
60
50
40
50
30
40
20
30
10
20
0
10
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
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in August was $ 510,000 , down 4.1 %
1,400
Prices from $ 532,000 in August of 2016 and down 32.0 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 750,000 Median last Sales month Price . in The August Average was $ Sales 510,000 Price , down in August 4.1 % was
1,300
1,400 from
$ 676,703 $ 532,000 , down in August 16.3 % from of 2016 $ 808,839 and down in 32.0 August % from of 2016 and
1,200
$ 750,000 last month . The Average Sales Price in August was
1,300 down 28.6 % from $ 947,712 last month . August 2017 ASP was at
1,100
$ 676,703 , down 16.3 % from $ 808,839 in August of 2016 and
1,200 a mid range compared to August of 2016 and 2015 .
1,000 down 28.6 % from $ 947,712 last month . August 2017 ASP was at
1,100
900 a mid range compared to August of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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
14 N D
J
F M
15 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
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 275 , Inventory down 11.3 of % Properties from 310 last available month for and sale down as of 0.7 August % from was 277275 in , August down 11.3 of last % from year 310 . August last month 2017 and Inventory down 0.7 was % from at a mid
500
277 level in August compared of last with year August . August of 2016 2017 and Inventory 2015 . was at a mid
400 level compared with August 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 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
100 months and 2015 was
. at its lowest level compared with August of 2016 and 2015 .
0
200
15.0
10.0
100
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 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
10.0
5.0
0.0
35 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
290
35 38
302
325 290
329 302 21 325 342
36 329 341
35 342 318
32 341 310
43 318 283
56 310 261
50 283
251 49 261
231
229 42 31
Number of Properties Sold
45 41
251
245 231 276 229 298 245
27 33
356 276 368
298 361 356
29
356 368 335
30 361 309
48 356 287
79 335 277
45
309
287 333
277 360
284 377
284 55 35 38 27 24 15 35 31
333
408 427 360 437 377 413
408 388
427 347
26
437 310
413 40 275
388 52
347 49
310
3 Mo Avg
50
275 33 45
58 | c o l d w e l l b a n k e r h o m e s . c o m
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 Asso 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 .