FL ARCHIVED February 2018 | Page 114

Market Action Report February 2018
Community Information | School District
Market Action Report February 2018

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
$ 619,000
-5%
-11%
Average List Price of all Current Listings
$ 1,202,317
-0%
2 %
February Median Sales Price
$ 693,000
5 %
4 %
-2%
9 %
$ 690,000
0 %
8 %
February Average Sales Price
$ 869,696
2 %
-2% -24%
1 %
$ 864,600
-14%
1 %
Total Properties Currently for Sale ( Inventory )
366
5 %
-14%
February Number of Properties Sold
46
59 %
77 %
75
32 %
February Average Days on Market ( Solds )
111
19 % -14% -45% -19%
104
-28%
-24%
Asking Price per Square Foot ( based on New Listings )
$ 483
1 %
3 %
14 %
5 %
$ 481
12 %
5 %
February Sold Price per Square Foot
$ 426
-4%
-3%
-4%
-2%
$ 433
-5%
-1%
February Month ' s Supply of Inventory
8.0 -34% -19% -52% -23%
10.0
-32%
-4%
February Sale Price vs List Price Ratio
92.1 % -1.5% . 3 %
4.7 % 2.4 %
92.7 %
4 %
3 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date

Longboat Agent Name Key Title Phone Website Other

Community Information | School District

Property Sales
90
February Property sales were 46 , up 76.9 % from 26 in February of 2017 and 58.6 % higher than the 29 sales last month .
80
Number of Properties Sold
3 Mo Avg
Property
February 2018 Sales sales were at their highest level compared to
90
70
February Property of 2017 sales and 2016 were . 46 February , up 76.9 % YTD from sales 26 in of February 75 are of running 2017 and 31.6 58.6 %% ahead higher of than last year the 29 ' s year-to-date sales last month sales . of 57 . February 2018 sales were at their highest level compared to
February of 2017 and 2016 . February YTD sales of 75 are running 31.6 % ahead of last year ' s year-to-date sales of 57 .
80
70
60
60
50
40
50
30
40
20
30
10
20
0
10
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
0
15
16
17
18
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
Prices
Median Sales Price and Average Sales Price
15
16
17
18
3 Mo Avg
The Median Sales Price in February was $ 693,000 , down 2.0 %
1,400
Prices from $ 707,500 in February of 2017 and up 5.0 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 660,000 Median last Sales month Price . in The February Average was Sales $ 693,000 Price , in down February 2.0 % was
1,300
1,400 from
$ 869,696 $ 707,500 , down in February 24.3 % from of 2017 $ 1,149,348 and up 5.0 in February % from of 2017
1,200
$ 660,000 last month . The Average Sales Price in February was
1,300 and up 1.5 % from $ 856,517 last month . February 2018 ASP was
1,100
$ 869,696 , down 24.3 % from $ 1,149,348 in February of 2017
1,200 at the lowest level compared to February of 2017 and 2016 .
1,000 and up 1.5 % from $ 856,517 last month . February 2018 ASP was
1,100
900 at the lowest level compared to February of 2017 and 2016 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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
15 M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 366 , of up Properties 4.9 % from available 349 last for month sale as and of down
February
14.3 % from was 427 366 , in up February 4.9 % from of 349 last last year month . February and down 2018
14.3
Inventory % from 427 was in at February its lowest of level last year compared . February with 2018 February of
Inventory
2017 and was 2016 at . its lowest level compared with February of
2017 and 2016 .
500
400
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 February for sellers 2018 MSI while of a 8.0 higher months MSI was is better at its lowest for buyers level . The compared February with 2018 February MSI of 8.0 of
2017100 months and 2016 was
. at its lowest level compared with February of 2017 and 2016 .
0
200
15.0
10.0
100
5.0
0
0.0
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 N D J
F
15
16
17
18
15
16
17
18
10.0
5.0
0.0
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 31 36 29 46
318 310
43 318 283
56 310
261 50 49 42 31 45 41 27
251 283
231 261
229 251
245 231
229 276 245 298
356 276
33
368 361
298 29 30
Number of Properties Sold
48 79 45 55 35 38 27 24 15
356 356
368 335
361 309
356
287 277
335
284 309
287 333
277 360
284 377
333 408
360 427
377 437
413 408
388 427
347 437 312 413
283 388
277 347
300
312 317 283 337 277 349 300 366 317
35 31 26 40 52 49 50 33 45 33 17
337 31
349
3 Mo Avg
36
366 29 46
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 .