Florida MVP - ARCHIVE July 2017 - Page 187

Market Action Report July 2017 Panama City Beach City: Panama City Beach Agent Name Market Action Report Title Phone Agent Name Website Title Other July 2017 Community Information | School District City: Panama City Beach 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 $397,000 -1% 10% Other $626,610 Trending 2% versus*: 14% Month LM 5% L3M 12% PYM 39% LY $326,000 $397,000 -1% -17% -9% 10% 2% $392,147 $626,610 190 2% -6% 14% -29% $326,000 5% 12% 39% 43% 16% 30 -12% $392,147 179 -17% 30% -9% 17% 2% 40% 13% 190 -6% -29% $302 6% 4% -4% 30 -12% 43% $238 -12% -8% 0% 179 30% 17% 40% 37% 6.3 6% 14% -50% $302 6% 4% -4% 9% 93.5% -1.9% -1.1% .6% Average List Price of all Current Listings Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) July Sales Price July Median Number of Properties Sold July Average Sales Price July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) July Number of Properties Sold July Sold Price per Square Foot July Average Days on Market (Solds) July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sale Price vs List Price Ratio July Sold Price per Square Foot July Month's Supply of Inventory July 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 60 July Property sales were 30, up 42.9% from 21 in July of 2016 and 11.8% lower than the 34 sales last month. July 2017 sales 50 Property Sales were at their highest level compared to July of 2016 and 2015. 60 July Property sales were 30, up 42.9% from 21 in July of 2016 July YTD sales of 261 are running 67.3% ahead of last year's year- 40 and 11.8% sales lower to-date of than 156. the 34 sales last month. July 2017 sales 50 14% 2% 7% -50% 0% 3 Mo Avg 3 Mo Avg 26 0 10 14 15 16 24 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 14 15 16 17 A S O N D J F M A M Median J J A S Sales O N D Price J F M and A M Average J J A S Sales O N D Price J F M A M J J The Median Sales Price in July was $326,000, up 38.7% from 500 Prices $235,000 in July of 2016 and up 5.3% from $309,500 last The Median Sales Price Sales in July Price was $326,000, 38.7% from month. The Average in July was up $392,147, up 2.1% 500 450 $235,000 in July of and up 5.3% from $309,500 last from $384,238 in 2016 July of 2016 and down 17.1% from $473,263 month. The Average Sales Price in July was $392,147, up 2.1% last month. July 2017 ASP was at the highest level compared to 450 400 from in July of 2016 and down 17.1% from $473,263 July $384,238 of 2016 and 2015. last month. July 2017 ASP was at the highest level compared to 400 350 July of 2016 and 2015. 67% 5% -2% 17% 6% 12% 14% -52% 2% 1% 20 10 Prices 12% 261 25% 149 9% $283 261 67% 1% $253 149 -2% -49% 6.2 $283 6% -.9% 94.7% 30 20 0 $294,000 $405,965 37% Number of Properties Sold 30 Trending versus*: Prior YTD 12% Prior Year 5% 16% YTD $294,000 13% $405,965 25% 17% $238 -12% -8% 0% 1% $253 12% 7% 6.3 6% 14% -50% -49% 6.2 -52% -50% of 94.7% Properties 93.5% -1.9% -1.1% .6% Number -.9% 1% Sold 0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date were at their highest level compared to July of 2016 and 2015. July YTD sales of 261 are running 67.3% ahead of last year's year- 40 to-date sales of 156. Trending versus*: Prior YTD Prior Year YTD 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 350 300 300 250 250 200 Inventory & MSI 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 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 S 14 O N D J F M 14 15 16 17 level compared with July of 2016 and 2015. 250 200 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 25.0 25.0 The Total Inventory Inventory & MSI of Properties available for sale as of July 350 was Total 190, Inventory down 6.4% from 203 last month The of Properties available for and sale down as of 28.8% July from 267 190, in July of 6.4% last year. July last 2017 Inventory was 28.8% at its lowest was down from 203 month and down from 350 300 267 in compared July of last with year. 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