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 |
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|---|---|---|---|---|---|---|
| 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 |
