FL ARCHIVED March 2017 | Page 189

Market Action Report March 2017
Community Information | School District
Market Action Report March 2017

City : Panama City Beach

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
$ 399,000
8 %
14 %
Average List Price of all Current Listings
$ 598,551
9 %
19 %
March Median Sales Price
$ 276,000
-8%
-7%
14 %
-1%
$ 293,500
11 %
5 %
March Average Sales Price
$ 385,620
4 %
3 %
33 %
11 %
$ 367,266
14 %
6 %
Total Properties Currently for Sale ( Inventory )
203 -15%
-24%
March Number of Properties Sold
45
36 %
73 %
104
76 %
March Average Days on Market ( Solds )
174
58 %
30 %
12 %
33 %
141
-14%
8 %
Asking Price per Square Foot ( based on New Listings )
$ 305
23 %
11 %
-6%
10 %
$ 273
3 %
-1%
March Sold Price per Square Foot
$ 249
-1%
0 %
15 %
5 %
$ 247
10 %
5 %
March Month ' s Supply of Inventory
4.5 -37% -36% -56% -63%
7.1
-53%
-42%
March Sale Price vs List Price Ratio
95.7 %
1.7 % 1.2 % 3.5 % 1.4 %
94.8 %
2 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales March Property sales were 45 , up 73.1 % from 26 in March of
2016 and 36.4 % higher than the 33 sales last month . March Property 2017 sales Sales were at their highest level compared to March of 2016 50
March and 2015 Property . March sales YTD were sales 45 , up of 104 73.1 % are from running 26 76.3 March % ahead of of 45 2016 last and year 36.4 ' s year-to-date % higher than sales the of 3359 sales . last month . March 2017 sales were at their highest level compared to March of 2016 40 and 2015 . March YTD sales of 104 are running 76.3 % ahead of 35 last year ' s year-to-date sales of 59 .
30

Panama City Agent NameBeach Title Phone Website Other

Community Information | School District

25
50 45 40 35 30 25 20 15
Number of Properties Sold
Number of Properties Sold
20
10
15
5
10
0
5
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
14
15
16
17
A
M J
Prices
14
The Median Sales Price in March was $ 276,000 , up 13.8 % from
500
Prices
$ 242,500 in March of 2016 and down 8.0 % from $ 299,900 last
The month Median . The Sales Average Price Sales in March Price was in $ March 276,000 was , up $ 385,620 13.8 % from , up
500
450
$
33.2 242,500 % from in March $ 289,554 of 2016 in March and down of 2016 8.0 % and from up $ 3.9 299,900 % from last
J
A S O N D
JMedian
F M A MSales J
J APrice S O Nand D
J Average
F M A M Sales J
J
A Price S O N D
J
F M
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month
$ 371,306 . The last Average month Sales . March Price 2017 in March ASP was $ at 385,620 the highest , up level
450
33.2 compared % from $ to 289,554 March in of March 2016 and of 2016 2015 and . up 3.9 % from
400
$ 371,306 last month . March 2017 ASP was at the highest level
400
350
compared to March of 2016 and 2015 .
350
300
15 22 23 20 20 26 17 16 25 11 23 36 24 29 22 22
3 Mo Avg
15 22 23 20 20 26 17 16 25 11 23 36 24 29 22 22 21 27 40 26 35 12 21 26 24 31 20 21 46 23 26 16 24 26 33 45
21 27 40 26 35 12 21 26 24 31 20 21 46 23 26 16 24
3 Mo Avg
26 33 45
300 250 200
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of March The was Total 203 , Inventory down 14.7 of % Properties from 238 available last month for and sale down as of March 24.3 % was from 203 268 , down in March 14.7 % from of last 238 year last . March month 2017 and down Inventory 24.3 % was at its 350 from lowest 268 level in March compared of last with year March . of 2017 2016 Inventory and 2015 was . at its 300 lowest level compared with March of 2016 and 2015 . 250 200 A comparatively lower MSI is more beneficial for sellers while 150 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial March for 2017 sellers MSI while of 4.5 a 100
higher months MSI was is better at its lowest for buyers level . The compared March 2017 with March MSI of 4.5 of 2016 and months was at its lowest level compared with March of 2016 and
50
2015 . 2015 .
0
250
200
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
14 J
J
A S 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
17
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
300
25.0
20.0
250
20.0
200
150
15.0
15.0
10.0
100
10.0
50
5.0
5.0
0
0.0
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 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
14
15
16
17
14
15
16
17
0.0
203 215
212 203
215 215
225 212
238 215
256 225
256 238
242 256 255 256
241 242
240
255 261 241 276 240 282 261 283 276 297 295
282
279 283
268 297
266 295
268 279
273 268
268 266
268 268
262 273
250 268
264 268 264
262 278 250 289 264
278 264
263 278
248 289
238 278
203
263 248 238
203
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 Ass 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 .
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