Florida Market Viewpoint June 2017 - Page 187

Market Action Report June 2017 Panama City Beach City: Panama City Beach Agent Name Market Action Report Title Phone Agent Name Website Title Other June 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 $399,450 -2% 17% Other $642,043 Trending 4% versus*: 27% Month LM 7% L3M 14% PYM 11% LY $325,000 $399,450 -2% -3% 13% 17% 54% $483,422 $642,043 198 4% -3% 27% -21% $325,000 7% 14% 11% 65% 16% 33 -31% $483,422 141 -3% -11% 13% -9% 54% -1% 39% 198 -3% -21% $306 -2% 2% 24% 33 -31% 65% $273 -0% 5% 20% 141 -11% -9% -1% 8% 6.0 41% 19% -52% $306 -2% 2% 24% 10% 95.1% .6% .1% 1.5% Average List Price of all Current Listings Market Profile & Trends June Median Sales Price Overview Median List Price of all Price Current Listings June Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) June Sales Price June Median Number of Properties Sold June Average Sales Price June Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) June Number of Properties Sold June Sold Price per Square Foot June Average Days on Market (Solds) June Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) June Sale Price vs List Price Ratio June Sold Price per Square Foot $273 -0% 5% 20% 6.0 41% 19% -52% 95.1% .6% .1% 1.5% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date June Month's Supply of Inventory June 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 16% $255 14% 8% -51% 6.2 -52% -50% Number of 94.8% Properties .8% 1% Sold 0% 3 Mo Avg 3 Mo Avg 14 40 15 16 26 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 14 15 16 17 J A S O N D J F M A Median M J J A Sales S O N Price D J F and M A Average M J J A Sales S O N Price D J F M A M J The Median Sales Price in June was $325,000, up 10.6% from 500 Prices $293,750 in June of 2016 and up 7.5% from $302,450 last The Median Sales Price Sales in June was in $325,000, 10.6% from month. The Average Price June was up $483,422, up 500 450 $293,750 in June of 2016 last from 53.8% from $314,351 in and June up of 7.5% 2016 from and $302,450 down 2.8% month. The Average Sales Price in June was $483,422, up $497,571 last month. June 2017 ASP was at the highest level 450 400 53.8% from $314,351 June and of 2016 and down 2.8% from compared to June of in 2016 2015. $497,571 last month. June 2017 ASP was at the highest level 400 350 compared to June of 2016 and 2015. 0 10 10 Prices 12% 4% 8% -50% 0% 20 20 0 70% 4% -6% 18% 12% 14% 12% -52% 4% 1% 30 30 9% 229 29% 145 10% $287 229 70% 16% $255 145 -6% -51% 6.2 $287 12% .8% 94.8% 40 40 $290,000 8% $407,388 Number of Properties Sold 50 were at their highest level compared to June of 2016 and 2015. June YTD sales of 229 are running 69.6% ahead of last year's year-to-date sales of 135. Trending versus*: Prior YTD 9% Prior Year 4% 16% YTD $290,000 39% $407,388 29% 18% 60 June Property sales were 33, up 65.0% from 20 in June of 2016 and 31.3% lower than the 48 sales last month. June 2017 sales Property Sales were at their highest level compared to June of 2016 and 2015. 60 June sales 33, running up 65.0% 69.6% from 20 in June of 2016 June Property YTD sales of were 229 are ahead of last year's and 31.3% lower than of the 48 sales last month. June 2017 sales year-to-date sales 135. 50 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 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 15 A M J J A S O N D J F M 16 J A 14 S O N D J F M A M J J A S O N D J F M A 17 M J 14 15 16 17 level compared with June 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 June 350 was Total 198, Inventory down 2.9% from 204 last month The of Properties available for and sale down as of 20.8% June from 250 198, in June last from year. 204 June Inventory was at its from lowest 350 300 was down of 2.9% last 2017 month and down 20.8% 250 in compared June of last with year. 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