Alys Beach Market Report Statistics May 2016

Alys Beach Market Report Statistics May 2016

Alys Beach Market Report Statistics

Overall Alys Beach continues to rise although the absorption rate jumped 232% for the month of May due to more new listings coming to market all at once.
 
The average list price is down by 0.81% to $3,107,753 from last May’s price of $3,133,189. Average sale price on the other hand boomed going up 28.68% year-over-year to $3,178,333 against last year’s price of $2,470,000.
 
The median list price rose 4.14% in May from $2,379,000 to $2,477,500 while the median sale price exploded by 23.51% to $3,100,000 from last year’s $2,510,000.
 
Average days on the market bottomed out with an 83.67% drop to 32 days vs. 196 last May.
 
Median days on the market also fell dramatically falling 94.56% to 8 days against 147 last year.
 

Alys Beach Market Volume

Total closed sales were even with last May’s at 3 apiece.
 
Pending sales are up 100% with 4 this May vs. 2 last May.
 
Active listings blew up 180% with 14 vs. last year’s 5.
 
New listings also rose with 4 in May while we had none last May.
 
Clearly, Alys Beach continues to lead 30A in price point and strong volume sales and now we are seeing more listings come to market reducing the scarcity a bit so we shall see how that affects this market in the months ahead and with the town center starting to develop things are looking rosy.
 

 SUMMARY STATISTICS

  16-May 15-May % Chg 2016 YTD 2015 YTD % Chg
Absorption Rate 10.5 3.16 232.28 6.66 9.4 -29.15
Average List Price $3,107,753 $3,133,189 -0.81 $3,274,418 $2,564,102 27.7
Median List Price $2,477,500 $2,379,000 4.14 $2,560,000 $2,289,473 11.82
Average Sale Price $3,178,333 $2,470,000 28.68 $2,612,601 $2,067,849 26.34
Median Sale Price $3,100,000 $2,510,000 23.51 $2,385,744 $1,950,845 22.29
Average CDOM 32 196 -83.67 128 111 15.32
Median CDOM 8 147 -94.56 113 37 205.41

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