FL ARCHIVED March 2017 | Page 201

Market Action Report March 2017
Community Information | School District
Market Action Report March 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
$ 575,000
1 %
7 %
Average List Price of all Current Listings
$ 806,594
2 %
9 %
March Median Sales Price
$ 370,000
9 %
5 %
18 %
4 %
$ 360,000
17 %
1 %
March Average Sales Price
$ 463,360
5 %
0 %
14 %
-5%
$ 488,611
0 %
1 %
Total Properties Currently for Sale ( Inventory )
647
1 %
-24%
March Number of Properties Sold
99
32 %
8 %
247
28 %
March Average Days on Market ( Solds )
149
24 %
14 % -21%
6 %
135
-22%
-4%
Asking Price per Square Foot ( based on New Listings )
$ 302
5 %
5 %
8 %
9 %
$ 290
5 %
5 %
March Sold Price per Square Foot
$ 270
9 %
4 %
17 %
9 %
$ 267
10 %
8 %
March Month ' s Supply of Inventory
6.5 -23% -18% -30% -38%
8.0
-44%
-24%
March Sale Price vs List Price Ratio
94.5 %
2.3 % 1.3 % 3.7 % 1.8 %
93.4 %
3 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
120
March Property sales were 99 , up 7.6 % from 92 in March of
2016 and 32.0 % higher than the 75 sales last month . March
Property
2017 sales Sales were at a mid level compared to March of 2016 and
120
100
March
2015 . Property March YTD sales sales were of 99247 , up are 7.6 % running from 9228.0 in March % ahead of of last
2016 year and ' s year-to-date 32.0 % higher sales than of the 19375 . sales last month . March
100
2017 sales were at a mid level compared to March of 2016 and
80
2015 . March YTD sales of 247 are running 28.0 % ahead of last year ' s year-to-date sales of 193 .
80
60
60
40
40 20
Number of Properties Sold
20
0
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
0
14
15
16
17
Prices
The Median Sales Price in March was $ 370,000 , up 17.9 % from
Prices
$ 313,750 in March of 2016 and up 9.5 % from $ 338,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 370,000 was , up $ 463,360 17.9 % from , up
600
$
14.3 313,750 % from in March $ 405,503 of 2016 in March and up of 9.52016 % from and $ 338,000 up 5.3 % from last month
$ 440,057 . The last Average month Sales . March Price 2017 in March ASP was $ at 463,360 the highest , up level
550
A
M J
14
600
550
500
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
14.3 compared % from $ to 405,503 March in of March 2016 and of 2016 2015 and . up 5.3 % from
$ 440,057 last month . March 2017 ASP was at the highest level
500
450
compared to March of 2016 and 2015 .
450
400
400 350
350 300

Destin

89 93
Agent Name
84
Title Phone Website Other

Community Information | School District

89 77 92
Number of Properties Sold
89 93 84 89 77 92 80 55 83 59 62 104 86 84 103 72 92 77 61 56 68 45 56 92 84 94 85 69 108 81 79 77 89 73 75 99
300
250
250
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
14 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 M
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 March
The was Total 647 , Inventory up 1.3 % from of Properties 639 last available month and for down sale as 24.2 of March % from
1,200 was 854647 in , March up 1.3 % of from last year 639 last . March month 2017 and Inventory down 24.2 was % from at its
1,200
1,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
20.0
20.0
854 lowest in March level compared of last year . with March March 2017 of Inventory 2016 and was 2015 at . its lowest level compared with March of 2016 and 2015 .
1,000
800
15.0
15.0
800
600
10.0
600
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The March 2017 MSI of 6.5 higher months MSI was is better at its lowest for buyers level . The compared March 2017 with March MSI of 6.5 of 2016 and
200 months
2015 . was at its lowest level compared with March of 2016 and
2015 .
0
10.0
400
200
5.0
0
0.0
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 N D J
F M
14
15
16
17
14
15
16
17
5.0
0.0
80 55 83 59
1,000 1,000 978 986 959 954 942 920 891 875 880 895 889 886 885 902 906 921 901 879 854 843 827 854
62
1,000 1,000 978 986 959 954 942 920 891 875 880 895 889 886 885 902 906 921 901 879 854 843
104 86 84 103 72 92 77 61 56 68 45 56 92 84 94 85 69 108 81
827 854 854 828 844 802 776 760 764 742
854 828 844 802 776 760 764 742 684 656 639 647
3 Mo Avg
79 77 89 73
684 656 639 647
3 Mo Avg
75
99
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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