FL ARCHIVED July 2017 | Page 58

Market Action Report July 2017
Community Information | School District
Market Action Report July 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
$ 695,000
1 %
-13%
Average List Price of all Current Listings
$ 1,210,684
-1%
-4%
July Median Sales Price
$ 750,000
11 %
17 %
15 %
17 %
$ 660,000
2 %
3 %
July Average Sales Price
$ 947,712
1 %
7 %
-9%
-6%
$ 898,791
-20%
-11%
Total Properties Currently for Sale ( Inventory )
308 -11%
7 %
July Number of Properties Sold
33 -34%
-6%
281
-12%
July Average Days on Market ( Solds )
144
8 %
10 %
12 %
25 %
131
16 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 454
-11% -1% -12%
-5%
$ 454
-6%
-5%
July Sold Price per Square Foot
$ 462
5 %
6 %
0 %
1 %
$ 442
-8%
-4%
July Month ' s Supply of Inventory
9.3
35 %
16 %
14 %
-10%
10.4
25 %
0 %
July Sale Price vs List Price Ratio
88.6 %
-. 8 % -. 2 % -4.1% -3.6%
89.4 %
-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
July Property sales were 33 , down 5.7 % from 35 in July of 2016 and 34.0 % lower than the 50 sales last month . July 2017 sales
80
Number of Properties Sold
3 Mo Avg
Property were at their Sales lowest level compared to July of 2016 and 2015 .
90
70
July
July Property YTD sales sales of were 281 are 33 , running down 5.712.5 % from % behind 35 July last of year 2016 ' s yearto-date sales of 321 . and 34.0 % lower than the 50 sales last month . July 2017 sales
80
60
were at their lowest level compared to July of 2016 and 2015 . July YTD sales of 281 are running 12.5 % behind last year ' s yearto-date sales of 321 .
70
60
50
40
50
30
40
20
30
10
20
0
10
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
0
14
15
16
17
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in July was $ 750,000 , up 15.4 % from
1,400
Prices
$ 650,000 in July of 2016 and up 10.7 % from $ 677,500 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in July Price was $ in 750,000 July was , up $ 947,712 15.4 % from , down
1,300
1,400
$
8.7 650,000 % from in $ July 1,038,307 of 2016 in and July up of 10.7 2016 % from and $ up 677,500 0.5 % from last
1,200 month . The Average Sales Price in July $ 947,712 , down
1,300
$ 942,590 last month . July 2017 ASP was at a mid range
1,100
8.7 % from $ 1,038,307 in July of 2016 and up 0.5 % from
1,200 compared to July of 2016 and 2015 .
1,000
$ 942,590 last month . July 2017 ASP was at a mid range
1,100
900 compared to July of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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
14 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 J
J
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 July
The was Total 308 , Inventory down 11.0 of % Properties from 346 available last month for and sale up as of 7.3 July % from was 287308 in , July down of 11.0 last % year from . July 346 last 2017 month Inventory and up was 7.3 at % its from highest
500
287 level in compared July of last with year . July of 2017 2016 Inventory and 2015 was . at its highest
400 level compared with July 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 July 2017 for sellers MSI of while 9.3 a higher months MSI was is better at its highest for buyers level . The compared July 2017 with MSI July of 9.3 of 2016 and
100 months
2015 . was at its highest level compared with July of 2016 and
2015 .
0
200
15.0
10.0
100
5.0
0
0.0
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
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
15
16
17
14
15
16
17
J
10.0
5.0
0.0
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 50 33
293
43 35
290
302 293
325 290 38 21 36 35 32 43 56
329 302
342 325
341 329
318 342
310 341 283 318
261 310
50 283
251
231 49 42
Number of Properties Sold
31 45 41 27 33
261 229
251
245 231 276 229 298 245 356
276 368
298 361 356 356
29 368 335
30 361 309
48 356 287
79 335 277
45
309
287 333
277 360
284 377
284 55 35 38 27 24 15 35 31
408
333 427 360 436 377 412
408 387
427 346
436 26 308
412 40
387 52
346
3 Mo Avg
49
308 50 33
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 .