Florida Market Viewpoint June 2017 - Page 209

Market Action Report Navarre City: Navarre Agent Name Market Action Report Title Phone Agent Name Website Title Other June 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 $285,000 -2% 13% Other $372,676 Trending 0% versus*: 16% Month LM 8% L3M 5% PYM 14% LY $249,000 $285,000 -2% 8% 5% 13% 16% $280,433 $372,676 341 0% -11% 16% -38% $249,000 184 8% 24% 5% 14% 5% 13% $280,433 8% 5% 16% 17% 69 0% 0% -25% 341 -11% -38% $134 -5% -3% 1% 184 24% 5% $137 3% 1% 15% 69 0% 0% -25% -22% 1.9 -29% -24% -41% $134 -5% -3% 1% 2% 97.9% .6% .5% 1.7% 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 $137 3% 1% 15% 1.9 -29% -24% -41% 97.9% .6% .5% 1.7% 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 June Property sales were 184, up 5.1% from 175 in June of 2016 and 24.3% higher than the 148 sales last month. June 2017 Property sales were Sales at their highest level compared to June of 2016 and 200 June Property sales sales were of 184, 5.1% from 175 in June of of 2016 2015. June YTD 801 up are running 5.4% ahead last 180 and 24.3% higher than the 148 sales last month. June 2017 year's year-to-date sales of 760. $235,000 $266,707 -22% 7% 801 5% 7% 12% 75 -23% 11% 2% $137 5% 801 5% 13% $134 14% 75 -23% -16% -54% 3.0 -35% $137 5% 4% 1.0% 97.1% 1% -16% 4% 11% -25% 0% 3 Mo Avg Number of Properties Sold 180 3 Mo Avg 160 140 160 120 140 100 Prices 15 3 Mo Avg 17 Median Sales Price and Average Sales Price 16 144 117 129 14 The Median Sales Price in June was $249,000, up 14.4% from Prices $217,750 in June of 2016 and up 8.3% from $230,000 last 290 The Median Sales Price Sales in June was in $249,000, 14.4% from month. The Average Price June was up $280,433, up 270 $217,750 in June of 2016 in and up of 8.3% from last 15.9% from $241,879 June 2016 and $230,000 up 8.2% from 290 month. The last Average Sales Price in June up level $259,251 month. June 2017 ASP was was $280,433, at the highest 270 250 15.9% from $241,879 June and of 2016 and up 8.2% from compared to June of in 2016 2015. $259,251 last month. June 2017 ASP was at the highest level 250 230 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 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 Median 0 20 20 40 40 60 60 80 80 100 120 0 compared to June of 2016 and 2015. Trending versus*: Prior YTD 7% Prior Year 7% 13% YTD $235,000 17% $266,707 12% 11% 200 sales were at their highest level compared to June of 2016 and 2015. June YTD sales of 801 are running 5.4% ahead of last year's year-to-date sales of 760. Trending versus*: Prior YTD Prior Year YTD 13% $134 14% 11% -54% 3.0 -35% -25% Number of 97.1% Properties 1.0% 1% Sold 0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date City: Navarre June 2017 3 Mo Avg 230 210 210 190 190 170 170 150 150 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. 800 600 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 12.0 12.0 The Total Inventory Inventory & MSI of Properties available for sale as of June 1,000 was Total 341, Inventory down 11.4% from 385 available last month The of Properties for and sale down as of 38.4% June from 554 341, in June last year. June 2017 Inventory was 38.4% at its from lowest 1,000 was down of 11.4% from 385 last month and down 800 554 in compared June of last with year. June June of 2017 was at its lowest level 2016 Inventory and 2015. 10.0 600 8.0 400 6.0 A comparatively lower MSI is more beneficial for sellers while a 400 4.0 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 1.9 a 200 higher MSI is better for buyers. June 2017 of 1.9 months was at its lowest level The compared with MSI June of 2016 and 200 2.0 months 0 2015. was at its lowest level compared with June of 2016 and 0 0.0 2015. 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