FL ARCHIVED April 2018 | Page 58

Market Action Report
City: Longboat Key
LONGBOAT
Market Action Report KEY
April 2018
Agent Name
April 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other 1%
$1,695,000
6%
City: Longboat Information
Key
Community
| School District
$2,909,636
Month
$1,562,500
$1,695,000
$1,990,821
$2,909,636
92
$1,562,500
14
April
$1,990,821
April Average
Average Sales
Days Price
on Market (Solds)
102
Total
Properties
for Sale
(Inventory)
92
Asking
Price per Currently
Square Foot
(based
on New Listings)
$686
April
Number
of
Properties
Sold
14
April Sold Price per Square Foot
$624
April
Average
Days
on
Market
(Solds)
102
April Month's Supply of Inventory
6.6
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$686
April Sale
Price
List Price
90.2%
April
Sold
per 3 Months
Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $624
* LM=Last
Month Price
/ L3M=Last
/ PYM=Same
April Month's Supply of Inventory
6.6
April
Sale
Price
vs
List
Price
Ratio
90.2%
Property Sales
Average List Price of all Current Listings
Market
Profile
& Trends
Overview
April Median
Sales
Price
Median List Price of all Current Listings
April Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
April
Median Sales Price
April Number of Properties Sold
35
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
Prior YTD Prior Year
YTD
YTD
$1,385,000
$1,777,513
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for April was 102, down 43.0% from
179 days last month and down 17.1% from 123 days in April of
last year. The April 2018 DOM was at a mid level compared
with April of 2017 and 2016.
Trending versus*:
Prior
YTD Prior
Year
-4%
-8%
12% 6%
5% 9%
-2%
11%
-30%
13% -5%
-4%
8% 4% $1,385,000
56
30%
12%
5%
9%
$1,777,513
-2%
-22% -17% -40%
131 -15%
-30%
-1% 25% 9%
$692
12%
56
30%
11% 8%
2% 6%
$560
-8%
-22%
-17%
-40%
131
-15%
5% -35% -51%
7.1 -46%
-1% 5.6%
25% 2.8%
9%
$692
12%
1.6%
88.7%
0%
11% 2% 6%
$560
-8%
5% -35%
-51% of Properties
7.1 Sold
-46%
Number
1.6% 5.6% 2.8%
88.7%
0%
30
Days On Market for Sold Properties
Market Time
-2%
-8%
-2%
-23%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
15
25
102
Selling Price per Square Foot
3 Mo Avg
850
800
771
750
700
650
624
610
600
550
500
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.8%
90.2%
85.4%
60%
40%
20%
0%
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
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
80
100
120
140
160
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The
graph shows the basic annual seasonality of the market as well
as the relationship between these items. The number of New
Listings in April 2018 was 19, up 5.6% from 18 last month and
up 137.5% from 8 in April of last year.
3,200 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
16
17
18
3,000 15
2,800
Median Sales Price and Average Sales Price
3 Mo Avg
2,600
3,200
2,400
3,000
2,200
2,800
2,000
2,600
1,800
2,400
1,600
2,200
1,400
2,000
1,200
1,800 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
1,600 15
16
17
18
1,400
1,200
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
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
The Total Inventory of Properties available for sale as of April
15
16
17
18
160
50.0
was 92, up 3.4% from 89 last month and down 30.3% from 132
in April of last year. April 2018 Inventory was at its lowest level 140
40.0
Total Inventory & Month's Supply of Inventory (MSI)
Inventory
& MSI
compared with
April of 2017 and 2016.
120
The Total Inventory of Properties available for sale as of April
100
30.0
50.0
160
was 92, up 3.4% from 89 last month and down 30.3% from 132
80
140
in April of last year. April 2018 Inventory was at its lowest level
20.0
60
40.0
A comparatively
lower
MSI is
more
beneficial for sellers while a 120
compared
with April
of 2017
and
2016.
40
higher MSI is better for buyers. The April 2018 MSI of 6.6
10.0
100
30.0
20
months was at a mid level compared with April of 2017 and
80
0
0.0
2016.
20.0
60
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
A comparatively lower MSI is more beneficial for sellers while a
40
15
16
17
18
higher MSI is better for buyers. The April 2018 MSI of 6.6
10.0
20
months was at a mid level compared with April of 2017 and
0
0.0
2016.
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
18
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
140%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 120%
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The April 2018 Selling Price vs Original
100%
List Price of 90.2% was up from 87.1% last month and up from
80%
85.4% in April of last year.
10
3 Mo Avg
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
16
17
18
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
16
17
18
Median Sales Price and Average Sales Pri ce
450
The Median Sales Price in April was $1,562,500, down 4.6%
from $1,637,500 in April of 2017 and up 30.2% from
$1,200,000 last month. The Average Sales Price in April was
Prices
$1,990,821, up 5.5% from $1,887,600 in April of 2017 and up
The
Median
Sales Price last
in April
was April
$1,562,500,
down
8.6%
from $1,832,737
month.
2018 ASP
was 4.6%
at a mid
from
$1,637,500
and 2016.
up 30.2% from
range
compared in
to April
April of
of 2017
2017 and
$1,200,000 last month. The Average Sales Price in April was
$1,990,821, up 5.5% from $1,887,600 in April of 2017 and up
8.6% from $1,832,737 last month. April 2018 ASP was at a mid
range compared to April of 2017 and 2016.
123
99
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is
a more normalized indicator on the direction of Property values.
The April 2018 Selling Price per Square Foot of $624 was up
9.8% from $568 last month and up 2.2% from 610 in April of
last year.
10
20
0
150
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
16
17
18
20
30
5
200
0
15 5
Prices
250
50
25
35
10 0
300
100
10%
-4%
-23%
-47%
10%
1%
-4%
-47%
1%
3 Mo Avg
350
April Property sales were 14, up 7.7% from 13 in April of 2017
and 30.0% lower than the 20 sales last month. April 2018 sales
were at a mid level compared to April of 2017 and 2016. April
Property
Sales
YTD sales of
56 are running 30.2% ahead of last year's year-to-
April
sales were 14, up 7.7% from 13 in April of 2017
date Property
sales of 43.
and 30.0% lower than the 20 sales last month. April 2018 sales
were at a mid level compared to April of 2017 and 2016. April
YTD sales of 56 are running 30.2% ahead of last year's year-to-
date sales of 43.
Title
Phone
Website
Other
Community Information | School District
-4% Trending versus*:
11%
LM L3M
LY
30%
13% PYM
-5% 4%
1%
9%
-4%
3%
30%
-30%
9%
-43%
3%
-1%
-30%
10%
-43%
48%
-1%
3.6%
10%
48%
3.6%
Agent Name
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
April 2018
City: Longboat Key
LONGBOAT
KEY
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Action Report
60
40
20
0
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
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 Association of R
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 Association of REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real estat
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.
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.
58 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Coldwell Banker Global Luxury ® | 59
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 Association of REALTORS, Flagler County Association of REALTORS, Bonita Springs-Estero Association of REALTORS, Royal Palm Coast REALTOR Association, Navarre Area Board of REALTORS, Emerald Coast Association of REALTORS, Pensacola Association of REALTORS and may not reflect all relevant real es
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.