FL ARCHIVED May 2017 | Page 58

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

City : Longboat Key

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
$ 696,000
-1%
-13%
Average List Price of all Current Listings
$ 1,244,196
-1%
-1%
May Median Sales Price
$ 550,000
-13% -14% -15% -14%
$ 646,250
-1%
1 %
May Average Sales Price
$ 810,128
-6%
-8% -35% -19%
$ 879,577
-22%
-13%
Total Properties Currently for Sale ( Inventory )
382
-7%
14 %
May Number of Properties Sold
49
-6%
9 %
198
-14%
May Average Days on Market ( Solds )
119
-9% -11% -11%
3 %
128
12 %
11 %
Asking Price per Square Foot ( based on New Listings )
$ 462
6 %
1 %
4 %
-4%
$ 453
-6%
-5%
May Sold Price per Square Foot
$ 422
-4%
-3% -19%
-8%
$ 439
-9%
-5%
May Month ' s Supply of Inventory
7.8
-1% -12%
5 %
-25%
11.2
28 %
8 %
May Sale Price vs List Price Ratio
88.3 %
-. 6 % -1.2% -3.9% -3.9%
89.6 %
-3%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Longboat Agent Name Key Title Phone Website Other

Community Information | School District

Property Sales
90
May Property sales were 49 , up 8.9 % from 45 in May of 2016 and 5.8 % lower than the 52 sales last month . May 2017 sales
80
Number of Properties Sold
3 Mo Avg
Property were at a mid Sales level compared to May of 2016 and 2015 . May
90
70
May
YTD Property sales of sales 198 are were running 49 , up 8.9 14.3 %% from behind 45 in last May year of ' 2016 s year-todate sales of 231 . and 5.8 % lower than the 52 sales last month . May 2017 sales
80
60
were at a mid level compared to May of 2016 and 2015 . May YTD sales of 198 are running 14.3 % behind last year ' s year-todate sales of 231 .
70
60
50
40
50
30
40
20
30
10
20
0
10
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
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in May was $ 550,000 , down 15.4 % from
1,400
Prices
$ 650,000 in May of 2016 and down 13.4 % from $ 635,000 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in May Price was $ in 550,000 May was , down $ 810,128 15.4 %, down from
1,300
1,400
$
35.0 650,000 % from in May $ 1,247,225 of 2016 in and May down of 13.4 2016 % and from down $ 635,000 6.0 % last from
1,200 month . The Average Sales Price in May $ 810,128 , down
1,300
$ 861,513 last month . May 2017 ASP was at the lowest level
1,100
35.0 % from $ 1,247,225 in May of 2016 and down 6.0 % from
1,200 compared to May of 2016 and 2015 .
1,000
$ 861,513 last month . May 2017 ASP was at the lowest level
1,100
900 compared to May of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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
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 382 , Inventory down 7.1 % of from Properties 411 last available month for and sale up as 14.0 of % May from 335 was in May 382 , of down last 7.1 year % from . May 411 2017 last Inventory month and was up 14.0 at its % highest from 335 level
500 in compared May of last with year May . May of 2017 2016 Inventory and 2015 was . at its highest level
400 compared with May of 2016 and 2015 .
300
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
30.0
25.0
20.0
15.0
A comparatively lower MSI is more beneficial for sellers while
200 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial May 2017 for sellers MSI of while 7.8 a higher months MSI was is better at its highest for buyers level . The compared May 2017 with MSI May of 7.8 of 2016 and
100 months
2015 . was at its highest level compared with May of 2016 and
2015 .
0
200
15.0
10.0
100
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
10.0
5.0
0.0
39 40 43 35 38 21 36 35 32 43 56 50 49 42 31 45 41 27 33 29 30 48 79 45 55 35 38 27 24 15 35 31 26 40 52 49
342 304
39 342 293
40 304
290 43 35 38 21 36 35 32
302 293
325 290
329 302
342 325
341 329 318 342
310 341
43 318
283
261 56 50
Number of Properties Sold
49 42 31 45 41 27
310 251
283 231
261 229
251
245 231 276
229 298
245 356
276 368
298 361 33 356 356
29 368 335
30 361 309
48 356 287
79 335 277
45
309 287
333 360 277
377 284
284
55 35 38 27 24 15 35
408
333 427 360 435 377 411
408 382
427 31
435 26
411
3 Mo Avg
40
382 52 49
58 | c o l d w e l l b a n k e r h o m e s . c o m
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 Asso 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 .