Market Report Statistics June 2016 30A West

Market Report Statistics June 2016 30A West

Market Report Statistics 30A West

The market report for 30A West shows moderating activity in both sale price and volume sales.
 
Absorption rate dropped 12.91% to 7.89 months from last year’s 9.06 months due mostly to fewer new listings coming to market as sales volume dropped.
 
Average list price has jumped 28.71% to $1,180,322 from last June’s price of $917,030. On the other hand, the sale price is barely up year-over-year by 0.14% to $712,309 from $711,305.
 
Median list price is up 18.03% year-over-year at $645,000 against last year’s $546,450 while the median sale price fell 6.25% to $405,000 from last year’s $432,000.
 
Average days on market are down 22.09% to 134 days vs. last year’s 172 days.
 
Median days on market fell 54.55% to 50 days vs. last June’s 110 days so properties are selling faster.
 

Market Report Volume Statistics

Closed sales dropped 25.6% to 29 against last June’s total sales of 39.
 
Pending sales are up 18.9% year-over-year to 44 vs. last year’s 37 so this is a glimmer of hope that closed sales will pick up next month and continue that trend.
 
Active listings dropped 14.6% year-over-year to 263 from last June’s 308 listings.
 
New listings fell year-over-year 17.9% to 46 vs. last year’s 56 new listings.
 
It’s an interesting market as sellers continue to raise prices yet buyers continue to pay less proportionately.
 

 SUMMARY STATISTICS

  Jun-16 Jun-15 % Chg 2016 YTD 2015 YTD % Chg
Absorption Rate 7.89 9.06 -12.91 7.5 9.96 -24.70
Average List Price $1,180,322 $917,030 28.71 $984,663 $839,025 17.36
Median List Price $645,000 $546,450 18.03 $579,000 $526,450 9.98
Average Sale Price $712,309 $711,305 0.14 $661,884 $660,571 0.20
Median Sale Price $405,000 $432,000 -6.25 $440,000 $439,900 0.02
Average CDOM 134 172 -22.09 177 191 -7.33
Median CDOM 50 110 -54.55 101 131 -22.90

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