FL ARCHIVED March 2018 | Page 114

Market Action Report March 2018
Community Information | School District
Market Action Report March 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
$ 649,500
8 %
-7%
Average List Price of all Current Listings
$ 1,224,354
3 %
-1%
March Median Sales Price
$ 667,000
-4%
-1%
-2%
5 %
$ 675,000
-1%
6 %
March Average Sales Price
$ 927,828
7 %
7 %
14 %
8 %
$ 894,433
-3%
4 %
Total Properties Currently for Sale ( Inventory )
333 -10%
-24%
March Number of Properties Sold
67
46 %
68 %
142
46 %
March Average Days on Market ( Solds )
127
14 %
2 %
12 %
-7%
115
-12%
-16%
Asking Price per Square Foot ( based on New Listings )
$ 494
3 %
4 %
4 %
8 %
$ 481
8 %
5 %
March Sold Price per Square Foot
$ 437
3 %
1 %
1 %
0 %
$ 435
-3%
0 %
March Month ' s Supply of Inventory
5.0 -38% -41% -55% -52%
8.4
-38%
-20%
March Sale Price vs List Price Ratio
90.2 % -2.1% -1.0% -2.2%
. 3 %
91.5 %
1 %
2 %
* 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
March Property sales were 67 , up 67.5 % from 40 in March of
2017 and 45.7 % higher than the 46 sales last month . March
80
Number of Properties Sold
3 Mo Avg
Property
2018 sales Sales were at their highest level compared to March of
90
70
March
2017 and Property 2016 sales . March were YTD 67 , up sales 67.5 of % 142 from are 40 running March 46.4 of %
2017 ahead and of 45.7 last % year higher ' s year-to-date than the 46 sales last of 97 month . . March 2018 sales were at their highest level compared to March of
2017 and 2016 . March YTD sales of 142 are running 46.4 % ahead of last year ' s year-to-date sales of 97 .
80
70
60
60
50
40
50
30
40
20
30
10
20
0
10
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
0
15
16
17
18
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
Prices
Median Sales Price and Average Sales Price
15
16
17
18
3 Mo Avg
The Median Sales Price in March was $ 667,000 , down 2.3 %
1,400
Prices from $ 682,500 in March of 2017 and down 3.8 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 693,000 Median last Sales month Price . in The March Average was $ Sales 667,000 Price , down in March 2.3 % was
1,300
1,400 from
$ 927,828 $ 682,500 , up in 13.8 March % from of 2017 $ 815,375 and down in March 3.8 % of from 2017 and up
1,200
$ 693,000 last month . The Average Sales Price in March was
1,300
6.7 % from $ 869,696 last month . March 2018 ASP was at the
1,100
$ 927,828 , up 13.8 % from $ 815,375 in March of 2017 and up
1,200 highest level compared to March of 2017 and 2016 .
1,000
6.7 % from $ 869,696 last month . March 2018 ASP was at the
1,100
900 highest level compared to March of 2017 and 2016 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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
15 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 M
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 March
The was Total 333 , Inventory down 9.8 of % Properties from 369 last available month for and sale down as of 23.8 March % from was 437333 in , March down 9.8 of last % from year 369 . March last month 2018 and Inventory down 23.8 was % at from its
500
437 lowest in March level of compared last year . with March March 2018 of Inventory 2017 and was 2016 at . its
400 lowest level compared with March of 2017 and 2016 .
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 March for 2018 sellers MSI while of 5.0 a higher months MSI was is better at its lowest for buyers level . The compared March 2018 with March MSI of of 5.02017 and
100 months
2016 . was at its lowest level compared with March of 2017 and
2016 .
0
200
100
0
A
M J
M J
15
J A S O N D J
F M A M J
F M A M J
16
J A S O N D J
F M A M J
F M A M J
17
15.0
10.0
5.0
0.0
J A S O N D J
F M
F M
18
10.0
5.0
0.0
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 67
310
A 15
283 56
310 261
50 283
251 49 42 31 45 41
231 261
229 251
245 231
229 276
245 298
27 276
356 368 298
J A S O N D J
16
33 29 356
361
356 30 48
Number of Properties Sold
79 45 55 35 38 27 24
368 335
361 309
356 287
335
277 284
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
312 317 283 337 277 350 300 369 317
333 337
J A S O N D J
17
15 35 31 26 40 52 49 50 33 45
J A S O N D J
18
33 17 31
350 36
369
3 Mo Avg
29
333 46 67
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 .