Florida Market Viewpoint June 2017 - Page 58

Market Action Report Longboat Key City: Longboat Key Agent Name Market Action Report City: Longboat Key June 2017 Title Phone Agent Name Website Other Title 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 $690,000 1% -13% Other $1,228,961 Trending -0% versus*: -4% Month LM 23% L3M 4% PYM 6% LY $677,500 $690,000 1% 16% 10% -13% -17% $942,590 $1,228,961 346 -0% -11% -4% 12% $677,500 23% 4% 6% -9% 6% 50 2% $942,590 133 16% 12% 10% -17% -6% 7% 32% 346 -11% 12% $513 12% 9% 11% 50 2% -9% $439 4% 1% -9% 133 12% 7% 32% 16% 6.9 -12% -9% 23% $513 12% 9% 11% 7% 89.3% 1.1% -.2% -2.4% 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 $439 4% 1% -9% 6.9 -12% -9% 23% 89.3% 1.1% -.2% -2.4% * 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 Trending versus*: Prior YTD Prior Year YTD Trending versus*: YTD Prior YTD 1% Prior Year $658,500 6% -6% $892,281 3% -11% -21% $658,500 $892,281 16% 1% -13% 3% 248 -21% 129 16% -11% 7% $456 -5% 248 -13% -5% $439 -9% 129 16% 12% -33% 10.5 27% $456 -5% -5% -2.8% 89.5% -3% 12% -5% -5% 2% -3% -5% $439 -9% -5% -33% 10.5 27% 2% Number of 89.5% Properties -2.8% -3% Sold -3% 3 Mo Avg 90 400 Inventory & MSI 300 48 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 30.0 30.0 300 200 25.0 20.0 15.0 A comparatively lower MSI is more beneficial for sellers while 200 a 10.0 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 6.9 a 100 higher MSI is better for buyers. June 2017 MSI of 6.9 100 months was at its highest level The compared with June of 2016 and 5.0 months 0 2015. was at its highest level compared with June of 2016 and 0 0.0 2015. 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 S O N D J F M A M J 14 15 16 17 14 15 16 17 58 | c 41 16 level compared with June of 2016 and 2015. 15 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 The Total Inventory Inventory & MSI of Properties available for sale as of June 500 was Total 346, Inventory down 10.6% from 387 available last month 12.0% The of Properties for and sale up as of June from 500 309 346, in June last year. June last 2017 Inventory at its highest was down of 10.6% from 387 month and up was 12.0% from 400 309 in compared June of last with year. June June was at its highest level of 2017 2016 Inventory and 2015. 400 14 The Median Sales Price in June was $677,500, up 5.9% from 1,400 Prices $640,000 in June of 2016 and up 23.2% from $550,000 last 1,300 The Median Sales Price Sales in June was in $677,500, 5.9% from down month. The Average Price June was up $942,590, 1,400 1,200 $640,000 in June of 2016 in and up of 23.2% 17.5% from $1,142,409 June 2016 from and $550,000 up 16.4% last from 1,300 1,100 month. The last Average Sales Price in June down $810,128 month. June 2017 ASP was was $942,590, at a mid range 1,200 1,000 17.5% from $1,142,409 in June of 2015. 2016 and up 16.4% from compared to June of 2016 and 1,100 $810,128 last month. June 2017 ASP was at a mid range 900 1,000 compared to June of 2016 and 2015. 800 900 700 800 600 700 500 600 500 400 Prices 3 Mo Avg 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 0 0 10 10 20 20 30 30 40 40 50 60 YTD sales of 248 are running 13.3% behind last year's year-to- date sales of 286. 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