FL ARCHIVED May 2017 | Page 189

Market Action Report May 2017
Community Information | School District
Market Action Report May 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
$ 419,450
5 %
21 %
Average List Price of all Current Listings
$ 625,319
4 %
26 %
May Median Sales Price
$ 309,900
17 %
8 %
20 %
11 %
$ 287,000
10 %
3 %
May Average Sales Price
$ 502,072
46 %
24 %
51 %
45 %
$ 395,691
25 %
14 %
Total Properties Currently for Sale ( Inventory )
194
-2%
-26%
May Number of Properties Sold
47
15 %
47 %
194
69 %
May Average Days on Market ( Solds )
162
17 %
8 %
6 %
25 %
146
-8%
12 %
Asking Price per Square Foot ( based on New Listings )
$ 316
12 %
9 %
28 %
14 %
$ 285
10 %
3 %
May Sold Price per Square Foot
$ 276
12 %
8 %
22 %
17 %
$ 254
14 %
8 %
May Month ' s Supply of Inventory
4.1 -14% -9% -50% -67%
6.2
-52%
-50%
May Sale Price vs List Price Ratio
94.4 %
-. 3 % -. 4 % -. 6 %
. 1 %
94.7 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales May Property sales were 47 , up 46.9 % from 32 in May of 2016
and 14.6 % higher than the 41 sales last month . May 2017 sales Property were at their Sales highest level compared to May of 2016 and 2015 . 50
May May Property YTD sales sales of were 194 are 47 , running up 46.9 % 68.7 from % 32 ahead in May of last of 2016 year ' s 45 and year-to-date 14.6 % higher sales than of the 115 . 41 sales last month . May 2017 sales were at their highest level compared to May of 2016 and 2015 . 40 May YTD sales of 194 are running 68.7 % ahead of last year ' s 35 year-to-date sales of 115 .
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
20
10
15
5
10
0
5
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
0
14
15
16
17
Prices
The Median Sales Price in May was $ 309,900 , up 19.7 % from
Prices
$ 259,000 in May of 2016 and up 16.9 % from $ 265,000 last
J
J
14
600
The month Median . The Sales Average Price Sales in May Price was $ in 309,900 May was , up $ 502,072 19.7 % from , up
600
$
50.7 259,000 % from in May $ 333,266 of 2016 in and May up of 16.9 2016 % from and up $ 265,000 45.7 % from last month
$ 344,584 . The last Average month Sales . May Price 2017 in May ASP was $ at 502,072 the highest , up level
550
50.7 compared % from $ to 333,266 May of in 2016 May and of 2016 2015 and . up 45.7 % from
500
550
500
450
A S O N D
J
F
MMedian A M J
J Sales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
compared to May of 2016 and 2015 .
$ 344,584 last month . May 2017 ASP was at the highest level
450
400
400
350
350
300
300
250
23 20 20 26 17 16 25 11 23 36 24 29 22 22 21 27 40 26 35 12 21 26 24 32 20 21 46 23 26 16 24 26 33 47 41 47
250
200
200
J
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
14
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 A
17 M
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 May
The was Total 194 , Inventory down 1.5 % of from Properties 197 last available month for and sale down as of 26.0 May % from was 262194 in , May down of 1.5 last % from year . 197 May last 2017 month Inventory and down was 26.0 at % its from lowest
350
262 level in compared May of last with year . May of 2017 2016 Inventory and 2015 was . at its lowest
300 level compared with May 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 May 2017 for sellers MSI of while 4.1 a
100 higher months MSI was is better at its lowest for buyers level . The compared May 2017 with MSI May of 4.1 of 2016 and months was at its lowest level compared with May of 2016 and
50
2015 .
2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
350
300
25.0
250
20.0
200
15.0
150
100
10.0
50
5.0
0
0.0
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 A M
14
15
16
17
14
15
16
17
25.0
20.0
15.0
10.0
5.0
0.0
212
23 20
215
225 212
238 215 20 26 17 16 25 11 23
256 225
256 238
242 256
255 256
241 242 240
255 261 241
36
276 240 282 24 29
Number of Properties Sold
22 22 21 27 40 26 35 12
261
283 276 297
282 295
283
279 268
297
266 295
268 279
273 268
268 266
268 268
262 273
250 268
265 268
265 262
279 250 293
265 284 265
272 279
256 293
249 284
21 26 24 32 20 21 46 23 26 16
272
217 197 194
3 Mo Avg
256 24
249 26
217 33
197
3 Mo Avg
47
194 41 47
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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