FL ARCHIVED February 2017 | Page 189

Market Action Report February 2017
Community Information | School District
Market Action Report February 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
$ 364,950
-4%
7 %
Average List Price of all Current Listings
$ 525,732
-1%
12 %
February Median Sales Price
$ 297,000
5 %
-4%
2 %
6 %
$ 296,000
11 %
6 %
February Average Sales Price
$ 356,874
8 %
-8% -14%
3 %
$ 345,710
-1%
0 %
Total Properties Currently for Sale ( Inventory )
226
-7%
-17%
February Number of Properties Sold
31
24 %
48 %
56
70 %
February Average Days on Market ( Solds )
114 -12% -10% -36% -13%
120
-29%
-8%
Asking Price per Square Foot ( based on New Listings )
$ 241
-9% -16% 10 %
-13%
$ 254
12 %
-8%
February Sold Price per Square Foot
$ 248
5 %
-4%
1 %
5 %
$ 243
6 %
3 %
February Month ' s Supply of Inventory
7.3 -25% -21% -44% -40%
8.5
-52%
-31%
February Sale Price vs List Price Ratio
93.9 %
. 0 %
-. 2 % 3.4 %
-. 4 %
93.9 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales February Property sales were 31 , up 47.6 % from 21 in February
of 2016 and 24.0 % higher than the 25 sales last month . Property February 2017 Sales sales were at their highest level compared to 50
February Property of 2016 sales and 2015 were . 31 February , up 47.6 % YTD from sales 21 in of February 56 are 45 of running 2016 and 69.7 24.0 %% ahead higher of than last year the 25 ' s year-to-date sales last month sales . of 33 .
February 2017 sales were at their highest level compared to 40 February of 2016 and 2015 . February YTD sales of 56 are 35 running 69.7 % ahead of last year ' s year-to-date sales of 33 .
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
Number of Properties Sold
20
10
15
5
10
0
5
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
0
14
15
16
17
M
A M J
Prices
14
The Median Sales Price in February was $ 297,000 , up 2.4 %
500
Prices from $ 290,000 in February of 2016 and up 5.1 % from
The
$ 282,500 Median last Sales month Price . in The February Average was Sales $ 297,000 Price , in up February 2.4 % was
500
450 from
$ 356,874 $ 290,000 , down in February 13.6 % from of 2016 $ 413,179 and up in February 5.1 % from of 2016 and
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ up 282,500 7.5 % from last month $ 331,866 . The last Average month Sales . February Price in February 2017 ASP was at
450 a
$ mid 356,874 range , down compared 13.6 % from to February $ 413,179 of in 2016 February and 2015 of 2016 . and
400
up 7.5 % from $ 331,866 last month . February 2017 ASP was at a
400
350
mid range compared to February of 2016 and 2015 .
350
300
11 15 22 23 20 20 26 17 16 25 11 23 36 24 29 22
3 Mo Avg
11 15 22 23 20 20 26 17 16 25 11 23 36 24 29 22 22 21 27 40 26 35 12 21 26 24 31 20 21 46 23 26 16 24 25 31
22 21 27 40 26 35 12 21 26 24 31 20 21 46 23 26 16
3 Mo Avg
24 25 31
300 250 200
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The February Total Inventory was 226 , of down Properties 6.6 % from available 242 for last sale month as of and down February 16.9 % from was 272 226 , in down February 6.6 % from of last 242 year last . February month and 2017 down 350 16.9 Inventory % from 272 was in at February its lowest of level last year compared . February with 2017 February of 300 Inventory 2016 and was 2015 at . its lowest level compared with February of
250 2016 and 2015 .
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 February for sellers 2017 MSI while of a 7.3100
higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of 7.3 of 2016 months was at its lowest level compared with February of 2016
50 and 2015 . and 2015 .
0
250
200
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
14 M J
J
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
17
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
350
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
300
25.0
20.0
250
20.0
200
150
15.0
15.0
10.0
100
10.0
50
5.0
5.0
0
0.0
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 N D J
F
14
15
16
17
14
15
16
17
0.0
193 203
215 193
212 203
215 215
225 212
238 215
256 225
256 238 242
256 255
256
241 242
240
255 261 241 276 240 282 261 283 297
276
295 282
278 283
267 297
265 295
267 278
272 267
267 265
267 267
262 272
250 267 264 267
264
262 277 250 287 264
276 264
259 277
242 287
226
276
259 242
226
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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