FL ARCHIVED March 2017 | Page 58

Market Action Report March 2017
Community Information | School District
Market Action Report March 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
4 %
-15%
Average List Price of all Current Listings
$ 1,272,828
5 %
-2%
March Median Sales Price
$ 682,500
-4%
-2%
9 %
7 %
$ 685,000
9 %
7 %
March Average Sales Price
$ 815,375
-29% -9%
0 %
-19%
$ 924,343
0 %
-8%
Total Properties Currently for Sale ( Inventory )
428
0 %
19 %
March Number of Properties Sold
40
54 %
-17%
97
-9%
March Average Days on Market ( Solds )
113 -44% -20% -9%
-2%
131
1 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 491
11 %
5 %
3 %
2 %
$ 461
-5%
-4%
March Sold Price per Square Foot
$ 434
-3%
0 %
-5%
-6%
$ 448
4 %
-3%
March Month ' s Supply of Inventory
10.7 -35% -20% 42 %
3 %
13.4
26 %
30 %
March Sale Price vs List Price Ratio
92.2 %
4.8 % 1.6 %
. 4 %
. 4 %
90.6 %
-1%
-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
March Property sales were 40 , down 16.7 % from 48 in March of
2016 and 53.8 % higher than the 26 sales last month . March
80
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their lowest level compared to March of 2016
90
70
March and 2015 Property . March sales YTD were sales 40 , down of 97 are 16.7 running % from 48 9.3 in % March behind of last
2016 and 53.8 % higher than the 26 sales last month . March
80 year ' s year-to-date sales of 107 .
60
2017 sales were at their lowest level compared to March of 2016 and 2015 . March YTD sales of 97 are running 9.3 % behind last year ' s year-to-date sales of 107 .
70
60
50
40
50
30
40
20
30
10
20
0
10
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
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in March was $ 682,500 , up 8.8 % from
1,400
Prices
$ 627,500 in March of 2016 and down 3.5 % from $ 707,500 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in March Price was in $ March 682,500 was , up $ 815,375 8.8 % from , up
1,300
1,400
$
0.1 627,500 % from in $ March 814,698 of 2016 in March and down of 2016 3.5 % and from down $ 707,500 29.1 % from last
1,200 month . The Average Sales Price in March was $ 815,375 , up
1,300
$ 1,149,348 last month . March 2017 ASP was at the highest level
1,100
0.1 % from $ 814,698 in March of 2016 and down 29.1 % from
1,200 compared to March of 2016 and 2015 .
1,000
$ 1,149,348 last month . March 2017 ASP was at the highest level
1,100
900 compared to March of 2016 and 2015 .
1,000
800
900
700
800
600
700
500
600
500
400
400
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 428 , Inventory up 0.5 % from of Properties 426 last available month and for sale up 18.6 as of % March from 361 was in March 428 , up of 0.5 last % from year . 426 March last month 2017 Inventory and up 18.6 was % at from its 361 highest
450 in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was . at its highest
400 level compared with March 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 March 2017 MSI of 10.7 higher MSI is better for buyers . The March 2017 MSI of 10.7
100 months was at its highest level compared with March of 2016 months was at its highest level compared with March of 2016
50 and 2015 . and 2015 .
0
250
200
150
100
50
0
A
M J
M 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 M
F M
17
15.0
10.0
5.0
0.0
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 40
390
A 14
368 62
390 342
51 368
304 39 40 43 35 38 21
293 342
290 304
302 293
325 290
329 302 342
325 341
329
J A S O N D J
15
36 35 342
318
310 32 43
Number of Properties Sold
56 50 49 42 31 45 41
341 283
318 261
310 251
283
231 229
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
408
333 426 360 428 377
J A S O N D J
16
27 33 29 30 48 79 45 55 35 38
J A S O N D J
17
27 24 15
408 35
426
3 Mo Avg
31
428 26 40
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 .