FL ARCHIVED October 2017 | Page 58

Market Action Report October 2017
Community Information | School District
Market Action Report October 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
$ 739,000
9 %
1 %
Average List Price of all Current Listings
$ 1,332,002
7 %
7 %
October Median Sales Price
$ 490,000
-14% -11% -8%
-23%
$ 627,750
-2%
-2%
October Average Sales Price
$ 764,414
7 %
0 %
13 %
-24%
$ 849,877
-19%
-15%
Total Properties Currently for Sale ( Inventory )
297
8 %
-11%
October Number of Properties Sold
17 -48%
-29%
376
-8%
October Average Days on Market ( Solds )
161
12 %
5 %
45 %
40 %
137
21 %
19 %
Asking Price per Square Foot ( based on New Listings )
$ 487
-5%
1 %
-3%
2 %
$ 461
-5%
-3%
October Sold Price per Square Foot
$ 400
1 %
-5%
2 %
-13%
$ 433
-7%
-6%
October Month ' s Supply of Inventory
17.5
110 % 63 %
26 %
69 %
10.5
17 %
1 %
October Sale Price vs List Price Ratio
91.7 %
1.8 % 2.5 % -. 7 %
-. 2 %
89.5 %
-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
October Property sales were 17 , down 29.2 % from 24 in October of 2016 and 48.5 % lower than the 33 sales last month . October
80
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their lowest level compared to October of
90
70
October
2016 and Property 2015 . sales October were YTD 17 , down sales 29.2 of 376 % from are running 24 October 8.3 % of behind 2016 and last 48.5 year %' s lower year-to-date than the sales 33 sales of 410 last . month . October 2017 sales were at their lowest level compared to October of
2016 and 2015 . October YTD sales of 376 are running 8.3 % behind last year ' s year-to-date sales of 410 .
80
70
60
60
50
40
50
30
40
20
30
10
20
0
10
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
0
14
15
16
17
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in October was $ 490,000 , down 8.4 %
1,400
Prices from $ 535,000 in October of 2016 and down 14.0 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 569,500 Median last Sales month Price . in The October Average was Sales $ 490,000 Price , down in October 8.4 % was
1,300
1,400 from
$ 764,414 $ 535,000 , up 13.2 in October % from of $ 2016 675,067 and in down October 14.0 % of from 2016 and up
1,200
$ 569,500 last month . The Average Sales Price in October was
1,300
7.1 % from $ 713,545 last month . October 2017 ASP was at the
1,100
$ 764,414 , up 13.2 % from $ 675,067 in October of 2016 and up
1,200 highest level compared to October of 2016 and 2015 .
1,000
7.1 % from $ 713,545 last month . October 2017 ASP was at the
1,100
900 highest level compared to October of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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
14
J
F
15 M 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 J
J
A S O
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
The
October Total Inventory was 297 , up of Properties 8.0 % from available 275 last for month sale as and of down 10.8 %
October from 333 was in 297 October , up 8.0 of % last from year 275 . last October month 2017 and Inventory down 10.8 was %
500 at from a mid 333 level in October compared of last with year October . October of 2016 2017 and Inventory 2015 . was at
400 a mid level compared with October 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 October for 2017 sellers MSI while of a 17.5 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 17.5 of
2016100 months and 2015 was
. at its highest level compared with October of 2016 and 2015 .
0
200
15.0
10.0
100
5.0
0
0.0
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 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
14
15
16
17
14
15
16
17
10.0
5.0
0.0
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 50 33 45 33 17
325 329
21
325 342
36 329 341
35 342 318
32 341 310
43 318 283
56 310 261
50 283 251
49 261 231
42 251
229 31 231
245
276 45 41
229 298 245
Number of Properties Sold
27 33
356
276 368 298 361
356 29 356
368 30
335 361
48
309 356 287
79 335 277
45 309
284 55 35 38
287 333
277 360
284 377 27 24 15 35 31
333 408
360 427
377
437 413 408
388 427
347 26
437 311
40
413 282
52
388 275
347 49 297
311 50
282 33
275
3 Mo Avg
45
297 33 17
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 .