FL ARCHIVED May 2018 | Page 114

Market Action Report May 2018

LONGBOAT City : Longboat Key KEY

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,697,500
0 %
7 %
Average List Price of all Current Listings
$ 2,831,988
-3%
5 %
May Median Sales Price
$ 1,425,000
-9%
-2% -10%
-5%
$ 1,400,000
-7%
-7%
May Average Sales Price
$ 2,256,059
13 %
15 %
13 %
24 %
$ 1,888,955
2 %
4 %
Total Properties Currently for Sale ( Inventory )
90
-1%
-22%
May Number of Properties Sold
17
21 %
70 %
73
38 %
May Average Days on Market ( Solds )
308
202 % 70 %
52 %
80 %
172
5 %
1 %
Asking Price per Square Foot ( based on New Listings )
$ 656
-4%
-4%
26 %
5 %
$ 687
14 %
10 %
May Sold Price per Square Foot
$ 595
-5%
4 %
9 %
2 %
$ 568
-5%
-3%
May Month ' s Supply of Inventory
5.3 -19% -2% -54% -61%
6.7
-48%
-51%
May Sale Price vs List Price Ratio
85.9 % -4.8% -2.0% 3.5 % -2.1%
88.1 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
35
May Property sales were 17 , up 70.0 % from 10 in May of 2017
and 21.4 % higher than the 14 sales last month . May 2018 sales
30
were at their highest level compared to May of 2017 and 2016 .
Property
May YTD sales Sales of 73 are running 37.7 % ahead of last year ' s yearto-date Property sales of sales 53 . were 17 , up 70.0 % from 10 in May of 2017
May and 21.4 % higher than the 14 sales last month . May 2018 sales
35
25
30
20
were at their highest level compared to May of 2017 and 2016 .
May YTD sales of 73 are running 37.7 % ahead of last year ' s yearto-date
25
15
sales of 53 .
20
10
Prices The Median Sales Price in May was $ 1,425,000 , down 10.2 % from $ 1,587,500 in May of 2017 and down 8.8 % from $ 1,562,500 last month . The Average Sales Price in May was
Prices $ 2,256,059 , up 13.3 % from $ 1,991,000 in May of 2017 and up The 13.3 Median % from Sales $ 1,990,821 Price in last May month was . $ May 1,425,000 2018 , ASP down was 10.2 at % a mid from range $ 1,587,500 compared in to May of 2017 and 2016 down . 8.8 % from $ 1,562,500 last month . The Average Sales Price in May was $ 2,256,059 , up 13.3 % from $ 1,991,000 in May of 2017 and up 13.3 % from $ 1,990,821 last month . May 2018 ASP was at a mid range compared to May of 2017 and 2016 .
Inventory & MSI The Total Inventory of Properties available for sale as of May was 90 , down 1.1 % from 91 last month and down 22.4 % from 116
155 in May of last year . May 2018 Inventory was at its lowest level Inventory compared with & MSI May of 2017 and 2016 .
The Total Inventory of Properties available for sale as of May was 90 , down 1.1 % from 91 last month and down 22.4 % from 116 160 in May of last year . May 2018 Inventory was at its lowest level 140 80 compared with May of 2017 and 2016 . 120 60
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2018 MSI of 5.3 100 40 months was at its lowest level compared with May of 2017 and 80 20 2016 . 0
60 A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2018 MSI of 5.3
40
months was at its lowest level compared with May of 2017 and 20 2016 .
0
7 8 3 4 5 5 7 6 9
Number of Properties Sold
100
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
5
15
16
17
18
0
Median Sales Price and Average Sales Price
3 Mo Avg
3,200J
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
3,000
15
16
17
18
2,800 3,200 3,000
2,400 2,800
2,200 2,600
2,000 2,400
1,800 2,200
1,600 2,000
1,400
1,200
1,800
1,600
J
J
15
Median Sales Price and Average Sales Price
3 Mo Avg
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
16
17
18
1,400
1,200
94
J 15
88
Total Inventory & Month ' s Supply of Inventory ( MSI )
F M A M J
J
A S O N D
J 17
F M A M J
J
A S O N D
J 18
J
A S O N D
J
16
85
Agent Name 7 8 3
Title Phone Website Other
4 87
5 100
5
Total Inventory & Month ' s Supply of Inventory ( MSI )
114 7 118
6 142
9
151 140 135
125
Number of Properties Sold
119 108 107 103
120 130 136 140
10 29 17 18 10 8 6 3 3 9
139 144
132 116
102
85 87 84 99 96 101
10 10 10 13 10 14 10 7 6 3 8
95
10 10 12 20 14 17
91 88
F M A M 50.0
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 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 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 REAL
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
160 140 120 100
94 88 85 87 100 114 118
142 151
10 140
29 135
17 18
125 119
J
J A S O N D J
F M A M J
15
16
10
108 107
8 103
6 120
3 130
3 136
9 140
10 139
10 144
10 132
13 116
10 102
J A S O N D J F M A M J 17
14 85
10 87
7 84
6
99 3
96 8
101 95
10
J A S O N D J 18
91 10
88 12
91 91
3 Mo Avg
20 90 90
F M A M
3 Mo Avg
14 17
40.0
30.0 50.0
20.0 40.0
10.0 30.0
0.0 20.0
10.0