FL ARCHIVED May 2017 | Page 201

Market Action Report May 2017
Community Information | School District
Market Action Report May 2017

City : Destin

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
$ 615,000
7 %
10 %
Average List Price of all Current Listings
$ 806,648
3 %
5 %
May Median Sales Price
$ 350,000
-6%
-1%
-3%
-1%
$ 362,500
10 %
2 %
May Average Sales Price
$ 537,264
10 %
11 %
13 %
11 %
$ 499,801
3 %
3 %
Total Properties Currently for Sale ( Inventory )
643
-4%
-23%
May Number of Properties Sold
114
24 %
21 %
458
23 %
May Average Days on Market ( Solds )
164
50 %
18 %
12 %
17 %
137
-7%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 296
5 %
1 %
6 %
7 %
$ 289
4 %
5 %
May Sold Price per Square Foot
$ 268
6 %
3 %
9 %
8 %
$ 264
9 %
6 %
May Month ' s Supply of Inventory
5.6 -22% -13% -36% -47%
7.5
-40%
-30%
May Sale Price vs List Price Ratio
92.5 % -2.6% -1.2% -1.4% -. 4 %
93.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
May Property sales were 114 , up 21.3 % from 94 in May of 2016
and 23.9 % higher than the 92 sales last month . May 2017 sales
Property were at their Sales highest level compared to May of 2016 and 2015 .
120
100
May
May Property YTD sales sales of were 458 are 114 , running up 21.3 % 23.5 from % 94 ahead in May of last of 2016 year ' s and year-to-date 23.9 % higher sales than of 371 the . 92 sales last month . May 2017 sales were at their highest level compared to May of 2016 and 2015 .
100
80
May YTD sales of 458 are running 23.5 % ahead of last year ' s year-to-date sales of 371 .
80
60
60
40
40 20
Number of Properties Sold
20
0
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
0
14
15
16
17
Prices
The Median Sales Price in May was $ 350,000 , down 3.4 % from
Prices
$ 362,500 in May of 2016 and down 6.2 % from $ 373,000 last
The month Median . The Sales Average Price Sales in May Price was $ in 350,000 May was , down $ 537,264 3.4 %, from up 12.8 %
600
$ from 362,500 $ 476,197 in May in of May 2016 of and 2016 down and 6.2 up % 10.0 from % $ from 373,000 $ 488,481 last last month . . The May Average 2017 ASP Sales was Price at in the May highest was $ level 537,264 compared , up 12.8 to % May
550
J
J
14
600
550
500
A S O N D
J
F
MMedian A M J JSales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from of 2016 $ 476,197 and 2015 in May . of 2016 and up 10.0 % from $ 488,481 last month . May 2017 ASP was at the highest level compared to May
500
450
of 2016 and 2015 .
450
400
400 350
350 300

Destin

84 89
Agent Name
77
Title Phone Website Other

Community Information | School District

92 80 55
Number of Properties Sold
84 89 77 92 80 55 83 59 62 104 86 84 103 72 92 77 61 56 68 45 56 92 84 94 85 69 108 81 79 77 89 73 75 104 92 114
300
250
250
J
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
A S O 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
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 May
The was Total 643 , Inventory down 3.7 of % Properties from 668 last available month for and sale down as of 22.7 May % from
1,200 was 832643 in , May down of 3.7 last % from year . 668 May last 2017 month Inventory and down was 22.7 at its % from lowest
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
20.0
832 level in compared May of last with year . May of 2017 2016 Inventory and 2015 was . at its lowest level compared with May of 2016 and 2015 .
1,000
800
15.0
15.0
800
600
10.0
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The May 2017 MSI of 5.6 higher months MSI was is better at its lowest for buyers level . The compared May 2017 with MSI May of 5.6 of 2016 and
200 months
2015 . was at its lowest level compared with May of 2016 and
2015 .
0
10.0
400
200
5.0
0
0.0
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
J A S O N D J
F M A M
14
15
16
17
14
15
16
17
5.0
0.0
83 59 62
978 986 959 954 942 920 891 875 880 895 889 886 885 902 907 922 902 880 856 847 831 858 858
104 86 84 103
978 986 959 954 942 920 891 875 880 895 889 886 885 902 907 922 902 880 856 847 831 858 858 832 848
72 92 77 61 56 68 45 56 92 84 94 85 69 108 81 79
832 848 809 783 767 771 750 696 670 663 683
77
3 Mo Avg
89
668 643
73 75 104
809 783 767 771 750 696 670 663 683 668 643
3 Mo Avg
92
114
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 Ass 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 .
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