FL ARCHIVED November 2017 | Page 197

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

City : Destin

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
$ 599,000
0 %
9 %
Average List Price of all Current Listings
$ 839,188
2 %
12 %
November Median Sales Price
$ 314,750
-29% -17% -27% -11%
$ 369,450
4 %
4 %
November Average Sales Price
$ 470,212
-15% -11% -16%
-3%
$ 510,883
5 %
5 %
Total Properties Currently for Sale ( Inventory )
598
-5%
-21%
November Number of Properties Sold
78
1 %
1 %
978
11 %
November Average Days on Market ( Solds )
115
-8%
-21%
-9%
-17%
141
-1%
1 %
Asking Price per Square Foot ( based on New Listings )
$ 291
1 %
-1%
11 %
5 %
$ 288
4 %
4 %
November Sold Price per Square Foot
$ 255
-8%
-6%
-1%
3 %
$ 264
7 %
6 %
November Month ' s Supply of Inventory
7.7
-7%
-6%
-22% -28%
7.7
-30%
-28%
November Sale Price vs List Price Ratio
93.3 %
. 5 %
. 6 %
. 1 %
. 4 %
93.3 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
140
November Property sales were 78 , up 1.3 % from 77 in November
of 2016 and 1.3 % higher than the 77 sales last month . November
120
Property
2017 sales Sales were at their highest level compared to November of
140
November
2016 and Property 2015 . November sales were YTD 78 , up sales 1.3 % of from 978 are 77 in running November 11.3 %
100
of ahead 2016 and of last 1.3 year % higher ' s year-to-date than the 77 sales of last 879 month . . November
2017 sales were at their highest level compared to November of
120
80
2016 and 2015 . November YTD sales of 978 are running 11.3 %
100
ahead of last year ' s year-to-date sales of 879 .
80
60
40
60
20
40
Number of Properties Sold
20
0
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
0
14
15
16
17
Prices
The Median Sales Price in November was $ 314,750 , down 26.8 %
Prices from $ 430,000 in November of 2016 and down 29.1 % from
The
$ 444,000 Median last Sales month Price . in The November Average was Sales $ 314,750 Price , in down November 26.8 % was
600 from
$ 470,212 $ 430,000 , down in November 15.9 % from of $ 2016 558,998 and in down November 29.1 % from of 2016 and
$ down 444,000 15.0 last % from month $ . 552,942 The Average last month Sales Price . November in November 2017 was ASP
550
D
J
F M A M J
14
15
600
550
500
J
A
SMedian O N D JSales F M APrice M J Jand
A SAverage O N D
J Sales
F M A Price M J
J
16
17
Median Sales Price and Average Sales Price
A S O N
3 Mo Avg
3 Mo Avg
$ was 470,212 at the , down lowest 15.9 level % from compared $ 558,998 to in November of of 2016 2016 and and 2015
500
. down 15.0 % from $ 552,942 last month . November 2017 ASP
450
was at the lowest level compared to November of 2016 and 2015 .
450
400
400 350
350 300

Destin

83 59
Agent Name
62
Title Phone Website Other

Community Information | School District

104 86 84
Number of Properties Sold
83 59 62 104 86 84 103 72 92 77 62 56 68 45 56 92 84 105 85 68 108 81 78 77 89 73 75 104 94 116 109 73 106 73 77 78
300
250
250
D
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
14
15
16
17
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
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
The
November Total Inventory was 598 of , down Properties 5.4 % available from 632 for last sale month as of and down
1,000
November
21.2 % from was 759 598 in , down November 5.4 % from of last 632 year last . month November and down 2017
1,000
800
21.2
Inventory % from 759 was in at November its lowest of level last compared year . November with November 2017 of
800
Inventory
2016 and was 2015 at . its lowest level compared with November of
600
2016 and 2015 .
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
15.0
20.0
15.0
10.0
400
10.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial November for sellers 2017 while MSI a of 7.7 higher months MSI was is better at its lowest for buyers level . The compared November with 2017 November MSI of 7.7 of
2016200 months and 2015 was . at its lowest level compared with November of 2016 and 2015 .
0
200
5.0
0
0.0
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 J
J A S O N
14
15
16
17
14
15
16
17
5.0
0.0
103 72 92 77
888 872 877 892 886 883 882 899 906 921 900 878 855 846 829 856 858 830 846 813 787 772 778 759
705
62
888 872 877 892 886 883 882 899 906 921 900 878 855 846 829 856 858 830 846 813 787
56 68 45 56 92 84 105 85 68 108 81 78 77 89 73 75 104 94 116
683 678 698 691 680 681 668 645 628 632 598
3 Mo Avg
109 73
772 778 759 705 683 678 698 691 680 681 668 645 628
106
3 Mo Avg
73
632
598 77 78
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 .
c o l d w e l l b a n k e r h o m e s . c o m | 197