FL ARCHIVED October 2017 | Page 197

Market Action Report October 2017
Community Information | School District
Market Action Report October 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 %
6 %
Average List Price of all Current Listings
$ 827,286
1 %
10 %
October Median Sales Price
$ 449,900
8 %
14 %
38 %
27 %
$ 372,500
6 %
5 %
October Average Sales Price
$ 558,260
6 %
5 %
35 %
15 %
$ 514,766
7 %
6 %
Total Properties Currently for Sale ( Inventory )
620
-1%
-20%
October Number of Properties Sold
75
3 %
-4%
898
12 %
October Average Days on Market ( Solds )
116 -27% -23%
5 %
-17%
142
-1%
2 %
Asking Price per Square Foot ( based on New Listings )
$ 292
-5%
-2%
2 %
6 %
$ 289
4 %
5 %
October Sold Price per Square Foot
$ 276
0 %
3 %
18 %
11 %
$ 265
8 %
7 %
October Month ' s Supply of Inventory
8.3
-3%
8 %
-17% -22%
7.6
-30%
-28%
October Sale Price vs List Price Ratio
92.9 %
. 9 %
. 1 % -1.1% -. 0 %
93.4 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
140
October Property sales were 75 , down 3.8 % from 78 in October
of 2016 and 2.7 % higher than the 73 sales last month . October
120
Property
2017 sales Sales were at a mid level compared to October of 2016 and
140
October
2015 . October Property YTD sales sales were of 75898 , down are 3.8 running % from 12.0 78 in % October ahead of last
100
of year 2016 ' s year-to-date and 2.7 % higher sales than of 802 the 73 . sales last month . October
2017 sales were at a mid level compared to October of 2016 and
120
80
2015 . October YTD sales of 898 are running 12.0 % ahead of last
100
year ' s year-to-date sales of 802 .
60
80
40
60
40
20
Number of Properties Sold
20
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 449,900 , up 38.4 %
Prices from $ 325,000 in October of 2016 and up 8.4 % from $ 415,000
The last Median month Sales . The Price Average in October Sales Price was $ in 449,900 October , up was 38.4 $ 558,260 % ,
600 from up 35.3 $ 325,000 % from in $ October 412,500 of in 2016 October and of up 2016 8.4 % and from up $ 415,000 5.5 % from last
$ 528,968 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 558,260 highest , level
550
N
D
J
F M A M J
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
14
15
16
17
600
Median Sales Price and Average Sales Price
550
500
J
A S O
3 Mo Avg
3 Mo Avg
up compared 35.3 % from to October $ 412,500 of in 2016 October and of 2015 2016 . and up 5.5 % from
$ 528,968 last month . October 2017 ASP was at the highest level
500
450
compared to October of 2016 and 2015 .
450
400
400 350
350 300

Destin

55 83
Agent Name
59
Title Phone Website Other

Community Information | School District

62 104 86
Number of Properties Sold
55 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 75
300
250
250
N
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
D
14
J
F
15 M 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 J
J
A S O
A S O
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
October Total Inventory was 620 , down of Properties 0.6 % from available 624 last for sale month as of and down
1,000
October
20.1 % from was 620 776 , down in October 0.6 % from of last 624 year last . October month and 2017 down Inventory
1,000
800
20.1 was % at from its lowest 776 in October level compared of last year with . October 2017 of 2016 Inventory and 2015 .
800 was at its lowest level compared with October of 2016 and 2015 .
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
15.0
20.0
15.0
600
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 October for 2017 sellers MSI while of a 8.3 higher months MSI was is better at its lowest for buyers level . The compared October with 2017 October MSI of 8.3 of 2016
200 months and 2015 was
. at its lowest level compared with October of 2016 and 2015 .
0
200
5.0
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 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
14
15
16
17
14
15
16
17
5.0
0.0
84 103 72 92
916 888 872 877 892 886 883 882 899 906 921 900 878 854 845 828 855 857 829 845 812 786 771 776 758
77
916 888 872 877 892 886 883 882 899 906 921 900 878 854 845 828 855 857 829 845 812
62 56 68 45 56 92 84 105 85 68 108 81 78 77 89 73 75 104 94
704 681 676 696 689 678 678 664 641 624 620
3 Mo Avg
116 109
786 771 776 758 704 681 676 696 689 678 678 664 641
73
3 Mo Avg
106
624
620 73 75
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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