Market Report 30A West
Market Report & Statistics 30A West
Market report for 30A West just like 30A East shows continues resiliency and upward swing in pricing market metrics.
Absorption rate is down 26.41% to 7.3 months from last April’s 9.92 months year-over-year. Year-to-date the rate fell 29.45% to 7.26 months from last year’s 10.29 months so clearly we have less inventory this year than last.
Average list price is up a 24.45% year-over-year to $1,124,185 against last year’s price of $903,334 and year-to-date jumped 19.51% to $988,951 from last year’s $827,517. Average sale price performed quite well year-over-year rising 22.15% to $628,145 vs. last year’s price of $514,229 and year-to-date we are up 6.16% to $607,493 against last year’s value of $572,227.
Median list price year-over-year jumped 16% to $619,450 vs. last year’s $534,000 and year-to-date rose 13.55% $579,000 vs. last year’s price $509,900. Median sale price didn’t perform so well year-over-year going up only 0.72% to $422,500 vs. last April’s price of $419,500 while year-to-date the price is still a positive 4.75% increase over last year of 4.75%.
Average days on market is down year-over-year 4.55% to 189 days from last year’s 198 days and year-to-date we are up just a bit 7.41% to 203 days from last April’s 203 days.
Median days on market is down a whopping 30.77% to 108 days from 156 last year and year-to-date fell 15.11% to 118 vs. 139 days in our market report.
Market Report Volume
Sold listings are 38 vs. last Aprils 40 for a drop of 5% year-over-year. Year-to-date the numbers are down 14.7% to 122 closings against 143 last year.
Pending sales sit at 35 vs. 46 last year this time and year-over-year are down 23.9%. Year-to-date we fell 5.3% to 160 pendings vs. 169 last year.
Active listings year-over-year fell 22.5% to 244 vs. 315 last April and year-to-date are down 14.3% with 467 vs. 545.
New listings dropped 21.5% to 51 against 65 last year this time and year-to-date fell 21.9% to 200 against 259.
Sale prices are up, volume is down along with inventory.
| Summary Statistics | ||||||
| Apr-16 | Apr-15 | % Chg | 2016 YTD | 2015 YTD | % Chg | |
| Absorption Rate | 7.3 | 9.92 | -26.41 | 7.26 | 10.29 | -29.45 |
| Average List Price | $1,124,185 | $903,344 | 24.45 | $988,951 | $827,517 | 19.51 |
| Median List Price | $619,450 | $534,000 | 16.00 | $579,000 | $509,900 | 13.55 |
| Average Sale Price | $628,145 | $514,229 | 22.15 | $607,493 | $572,227 | 6.16 |
| Median Sale Price | $422,500 | $419,500 | 0.72 | $439,950 | $420,000 | 4.75 |
| Average CDOM | 189 | 198 | -4.55 | 203 | 189 | 7.41 |
| Median CDOM | 108 | 156 | -30.77 | 118 | 139 | -15.11 |
