FL ARCHIVED October 2016 | Page 58

Market Action Report

Longboat Key

City: Longboat Key

Agent Name

Title
Phone
Agent
Name
Website
Other
Title

October 2016

Community Information | School District

Price Range: All | Properties: SFH - Con

Phone
Month
Website

Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con

LM

Trending versus*:
L3M PYM
LY

$784,500
-2%
-8%
Other
$1,280,164 Trending
2% versus*:
-6%
Month
LM -8%
L3M -8%
PYM 10%
LY
$535,000
$784,500
-2% -18% -21%
-8% 11%
$675,067
$1,280,164 338
2% 18% -6% 38%
$535,000 -8%
-8% 10% -41%
-8%
24 -11%
$675,067 111
-18% -8%
-21% -5%
11% -12%
9%
338 18%
38%
$531 9% 4% 14%
24 -11%
-41%
$392 -11% -10% 7%
111 -8% -5% 9% -19%
14.1 33% 32% 136%
$531 9% 4% 14% 16%
92.3% 2.4% 1.1% -3.4%

Average List Price of all Current Listings

Market
Trends
Overview
OctoberProfile
Median&Sales
Price
Median
List
Price ofSales
all Current
October
Average
Price Listings

Average
List Price of
all Current
Total Properties
Currently
forListings
Sale (Inventory)
October
Sales
Price
OctoberMedian
Number
of Properties
Sold
October Average Sales Price

October Average Days on Market (Solds)

Total Properties Currently for Sale (Inventory)

Asking Price per Square Foot (based on New Listings)

October Number of Properties Sold

October Sold Price per Square Foot

October Average Days on Market (Solds)

October Month's Supply of Inventory

Asking Price per Square Foot (based on New Listings)

October Sale Price vs List Price Ratio

October Sold Price per Square Foot

$392 -11% -10% 7%
14.1 33% 32% 136%
92.3% 2.4% 1.1% -3.4%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date

October Month's Supply of Inventory
October Sale Price vs List Price Ratio

* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
Property
Sales

Trending versus*:

Prior YTD 13%
Prior Year 11%
-8% YTD
$640,000
-12% $1,044,671
37%
36%

$640,000
$1,044,671
-19%

13% -3%11%
410
37% -19%36%
113
16%
$494
12%
410
-3%
-2%
$466
17%
113 -19%
-18%
92%
9.0
30%
$494
12%
8%
1.3%
92.0%
1%

-18%
8%
16%
22%
1%

-2%
$466
17%
16%
92%
9.0
30%
22%
Number of92.0%
Properties
1.3%
1% Sold 1%

3 Mo Avg

90

October Property sales were 24, down 41.5% from 41 in October
of 2015 and 11.1% lower than the 27 sales last month. October
Property
2016 salesSales
were at their lowest level compared to October of 90
October
Property
wereYTD
24, down
41 in October
2015 and
2014. sales
October
sales 41.5%
of 410from
are running
3.3%
80
ofbehind
2015 and
lower
than the 27
sales
month. October
last11.1%
year's
year-to-date
sales
oflast
424.

Number of Properties Sold

80

3 Mo Avg

70

13

400

Inventory & MSI

15

Median Sales Price and Average Sales Price

24

27

38

3 Mo Avg

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

Total Inventory & Month's Supply of Inventory (MSI)

Total Inventory & Month's Supply of Inventory (MSI)

18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0

287
276
286

348
360
348
392
360
398
381 392
390 398
368 381
342
390
304
368
293
342
290
304
302
293
325
290
329
302
342
325
341
329
318
310 342
341
283
318
261
310
251
283
231
229 261
245251
276
231
298
229
245 356
276368
361
298
356
356
335
368
309
361
287
356
276
335
286
309
338

58 | c

35

3 Mo Avg

16

N D 13
J F 14
M A M J J A S O N D J F M15A M J J A S O N D J F M A16M J J A S O
13 14
15
16

The Total Inventory
Inventory
& MSI of Properties available for sale as of
450
October
was 338, up
18.2% from
286 last
The
Total Inventory
of Properties
available
formonth
sale asand
of up 38.0%
from 245
October
of last
year.
2016
Inventory
at 400
October
wasin338,
up 18.2%
from
286October
last month
and
up 38.0%was 450
from
245 in October
of last year.
Inventory
was at 400 350
its highest
level compared
withOctober
October2016
of 2015
and 2014.
350 300
its highest level compared with October of 2015 and 2014.
300 250
250 200
A comparatively lower MSI is more beneficial for sellers while 200
a 150
Ahigher
comparatively
lower MSI
is more The
beneficial
for 2016
sellersMSI
while
MSI is better
for buyers.
October
of a14.1150 100
100
higher
MSI
is better
for buyers.
October with
2016October
MSI of 14.1
50
months
was
at its highest
levelThe
compared
of 2015
50
months
was at its highest level compared with October of 2015
0
and 2014.
0

24

27

38

35

55

45

79

48

29

33

27

41

45

31

42

49

50

56

43

32

35

36

21

38

35

43

40

39

51

62

48

35

14

338

Prices

The Median Sales Price in October was $535,000, up 10.3%
1,400
Prices
from $485,000 in October of 2015 and down 7.8% from
1,300
The
Median last
Salesmonth.
Price inThe
October
was Sales
$535,000,
$580,000
Average
Priceup
in10.3%
October was
1,4001,200
from
$485,000
in October
2015 and in
down
7.8% of
from
$675,067,
up 10.9%
fromof$608,868
October
2015 and
$580,000
lastfrom
month.
The Average
Sales Price
in October
was was1,3001,100
down 17.5%
$818,331
last month.
October
2016 ASP
1,2001,000
$675,067,
up 10.9%
from $608,868
in October
2015
and
at a mid range
compared
to October
of 2015 of
and
2014.
1,100
down 17.5% from $818,331 last month. October 2016 ASP was
900
1,000
at a mid range compared to October of 2015 and 2014.
800
900
700
800
600
700
500
600
500 400

29

33

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
13
14
15
16
N D J F M A M J J AMedian
S O N DSales
J F MPrice
A M Jand
J A Average
S O N D Sales
J F M Price
A M J J A S O

0

and 2014.

55

45

79

48

30

29

33

27

41

45

31

42

49

50

56

43

32

35

36

21

38

35

43

40

39

0

10

51

33

10

20

62

20

30

48

30

40

35

40

50

29

50

60

47

60

70

47

2016 sales were at their lowest level compared to October of
2015 and 2014. October YTD sales of 410 are running 3.3%
behind last year's year-to-date sales of 424.

Trending versus*:
Prior YTD Prior Year

YTD

30

Market Action Report

City: Longboat Key

October 2016

18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0

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 J J A S O
13 14
15
16
13 14
15
16

.

Copyright
© Coldwell
Banker Residential
Real Estate
/ Coldwell Banker
United,
Realtors | Range:
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Coldwell
Realtors
All | Property
Types: SFH
- Con
o
l dResidential
w e l Real
l bEstate
a n/ k
e r Banker
h o United,
mes
c o| Price
m

Data
provided
courtesy
of Greater
Lauderdale
REALTORS,
REALTOR
Association
of Martin
Miami Association
of REALTORS,
FloridaMLS,
Regional
MLS,
Board of REALTORS,
REALTORSofAssociation
of the Palm
Beaches,
Space Coast
Asso
Data
is is
provided
courtesy
of Greater
FortFort
Lauderdale
REALTORS,
REALTOR
Association
of Martin
County,County,
Miami Association
of REALTORS,
My FloridaMy
Regional
Naples
AreaNaples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
warrant
or guarantee
accuracy
of information.
this information.
It isresponsibility
the responsibility
anyorbuyer
verify
and all information
to such consumer’s
estate transaction.
does
notnot
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
sellerortoseller
verifytoany
and any
all information
relevant torelevant
such consumer’s
real estate real
transaction.