FL ARCHIVED January 2017 | Page 58

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 769,000
-3%
-9%
Average List Price of all Current Listings
$ 1,286,912
-2%
1 %
January Median Sales Price
$ 675,000
-4%
15 %
1 %
5 %
$ 675,000
1 %
5 %
January Average Sales Price
$ 876,232
8 %
13 %
15 %
-13%
$ 876,232
15 %
-13%
Total Properties Currently for Sale ( Inventory )
402
7 %
13 %
January Number of Properties Sold
31 -11%
7 %
31
7 %
January Average Days on Market ( Solds )
97 -42% -20% -27% -16%
97
-27%
-16%
Asking Price per Square Foot ( based on New Listings )
$ 461
-8%
-7%
-5%
-5%
$ 461
-5%
-5%
January Sold Price per Square Foot
$ 469
18 %
12 %
26 %
2 %
$ 469
26 %
2 %
January Month ' s Supply of Inventory
13.0
21 % -18%
6 %
25 %
13.0
6 %
25 %
January Sale Price vs List Price Ratio
90.7 %
-. 7 % -. 9 % -3.3% -1.3%
90.7 %
-3%
-1%
* 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
January Property sales were 31 , up 6.9 % from 29 in January of
2016 and 11.4 % lower than the 35 sales last month . January
80
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at a mid level compared to January of 2016 and
90
70
January
2015 . January Property YTD sales sales were of 31 31 , up are 6.9 running % from 29 6.9 in % January ahead of of last
2016 and 11.4 % lower than the 35 sales last month . January
80 year ' s year-to-date sales of 29 .
60
2017 sales were at a mid level compared to January of 2016 and 2015 . January YTD sales of 31 are running 6.9 % ahead of last year ' s year-to-date sales of 29 .
70
60
50
40
50
30
40
20
30
10
20
0
10
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
0
14
15
16
17
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in January was $ 675,000 , up 0.7 % from
1,400
Prices
$ 670,000 in January of 2016 and down 3.6 % from $ 700,000
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in January Sales Price was $ in 675,000 January , up was 0.7 $ % 876,232 from ,
1,300
1,400
$ up 670,000 15.5 % in from January $ 758,727 of 2016 in January and down of 3.6 2016 % from and $ up 700,000 7.8 % from
1,200 last month . The Average Sales Price in January was $ 876,232 ,
1,300
$ 812,514 last month . January 2017 ASP was at the highest level
1,100 up 15.5 % from $ 758,727 in January of 2016 and up 7.8 % from
1,200 compared to January of 2016 and 2015 .
1,000
$ 812,514 last month . January 2017 ASP was at the highest level
1,100
900 compared to January of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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
14 A 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
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
January Total Inventory was 402 , up of Properties 6.9 % from available 376 last for month sale as and of up 12.9 %
January from 356 was in 402 January , up 6.9 of % last from year 376 . last January month 2017 and Inventory up 12.9 % was
450 at from its highest 356 in January level compared of last year with . January 2017 of 2016 Inventory and 2015 was . at
400 its highest level compared with January 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 January 2017 MSI of 13.0 higher MSI is better for buyers . The January 2017 MSI of 13.0
100 months was at its highest level compared with January of 2016 months was at its highest level compared with January of 2016
50 and 2015 . and 2015 .
0
250
200
150
100
50
0
F
M A M J
M 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
17
15.0
10.0
5.0
0.0
35 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
398
F 14
381 35
398 390
48 381 368
62 390 342
51 368 304
39 342
293 40 43 35 38
290 304
302 293 325
290 329 302
21 325
342 341
J A S O N D J
15
36 35
Number of Properties Sold
32 43 56 50 49 42 31 45
329 318
342 310
341 283
318
261 251
310
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
283
309 332 287
360 277
376 283
402 332
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
27 360
24 376
3 Mo Avg
15
402 35 31
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 .