FL ARCHIVED February 2017 | Page 58

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

City : Longboat Key

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
$ 725,000
-3%
-17%
Average List Price of all Current Listings
$ 1,250,126
-1%
-5%
February Median Sales Price
$ 707,500
5 %
3 %
20 %
11 %
$ 690,000
8 %
8 %
February Average Sales Price
$ 1,149,348
31 %
29 %
-9%
14 %
$ 1,000,811
-2%
0 %
Total Properties Currently for Sale ( Inventory )
415
2 %
13 %
February Number of Properties Sold
26 -16%
-13%
57
-3%
February Average Days on Market ( Solds )
201
107 % 41 %
48 %
75 %
144
7 %
25 %
Asking Price per Square Foot ( based on New Listings )
$ 446
-2%
-5%
-9%
-8%
$ 451
-7%
-7%
February Sold Price per Square Foot
$ 445
-5%
3 %
0 %
-3%
$ 458
12 %
0 %
February Month ' s Supply of Inventory
16.0
22 %
20 %
30 %
54 %
14.5
18 %
40 %
February Sale Price vs List Price Ratio
88.0 % -3.0% -2.7% -2.5% -4.2%
89.5 %
-3%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Longboat Agent Name Key Title Phone Website Other

Community Information | School District

Property Sales
90
February Property sales were 26 , down 13.3 % from 30 in
February of 2016 and 16.1 % lower than the 31 sales last month .
80
Number of Properties Sold
3 Mo Avg
Property
February 2017 Sales sales were at their lowest level compared to
90
70
February Property of 2016 sales and 2015 were . 26 February , down 13.3 YTD % from sales 30 of in 57 are
February running of 3.4 2016 % behind and 16.1 last % lower year ' s than year-to-date the 31 sales sales last of month 59 . . February 2017 sales were at their lowest level compared to
February of 2016 and 2015 . February YTD sales of 57 are running 3.4 % behind last year ' s year-to-date sales of 59 .
80
70
60
60
50
40
50
30
40
20
30
10
20
0
10
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
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in February was $ 707,500 , up 19.7 %
1,400
Prices from $ 591,250 in February of 2016 and up 4.8 % from $ 675,000
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in February Sales Price was in $ 707,500 February , up was 19.7 %
1,300
1,400 from
$ 1,149,348 $ 591,250 , down in February 9.2 % from of 2016 $ 1,265,367 and up 4.8 in % February from $ 675,000 of 2016
1,200 last month . The Average Sales Price in February was
1,300 and up 31.2 % from $ 876,232 last month . February 2017 ASP
1,100
$ 1,149,348 , down 9.2 % from $ 1,265,367 in February of 2016
1,200 was at a mid range compared to February of 2016 and 2015 .
1,000 and up 31.2 % from $ 876,232 last month . February 2017 ASP
1,100
900 was at a mid range compared to February of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 415 , of up Properties 2.2 % from available 406 last for month sale as and of up 12.8 %
February from 368 was in 415 February , up 2.2 of % last from year 406 . last February month 2017 and up Inventory 12.8 % was
450 from at its 368 highest in February level compared of last year with . February 2017 of Inventory 2016 and was 2015 .
400 at its highest level compared with February of 2016 and 2015 .
350
450
400
350
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
30.0
25.0
20.0
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The February 2017 MSI of 16.0 higher MSI is better for buyers . The February 2017 MSI of 16.0
100 months was at its highest level compared with February of 2016 months was at its highest level compared with February of 2016
50 and 2015 . and 2015 .
0
250
200
150
100
50
0
M
A M J
A J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
20.0
15.0
10.0
5.0
0.0
J A S O N D J
F
F
17
15.0
10.0
5.0
0.0
48 62 51 39 40 43 35 38 21 36 35 32 43 56 50 49 42 31 45 41 27 33 29 30 48 79 45 55 35 38 27 24 15 35 31 26
381
M 14
390 48
381 368
62 390
342 51 39 40 43 35 38 21
304 368
293 342
290 304
302 293
325 290 329
302 342
325
J A S O N D J 15
36 329
341
318 35 32
Number of Properties Sold
43 56 50 49 42 31 45
342 310
341 283
318 261
310
251 231
283
229 261
245 251
231 276
229 298
245 356
276 368
298 361
356 356
335 368
309 361 287 356
277 335
284
309 333 287
360 277
377 284
406
333 415 360
J A S O N D J
16
41 27 33 29 30 48 79 45 55 35 38
J A S O N D J
17
27 24
377 15
406
3 Mo Avg
35
415 31 26
58 | c o l d w e l l b a n k e r h o m e s . c o m
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 Asso 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 .