Market Report & Statistics 30A West
Market Report & Statistics
Market report and statistics on the West end of 30A year-over-year are looking really good!
- Absorption rate dropped 10.49% year-over-year to 7.85 months from last July’s 8.77 months.
- Average list price is up 28.59% this July compared to last July at $1,210,789 against $941,620.
- Average sale price year-over-year jumped 14.57% to $807,810 from last July’s price of $705,052.
- Median list price rose 19.47% year-over-year to $649,900 vs. last July’s price of $544,000.
- Median sale price also moved up this time by 9.85% to $543,500 against last year’s $494,787.
- Average days on market jumped by 69.03% to 262 days against last year’s 155 days.
- Median days on market rose 54.22% to 128 days vs. 83 days.
Market Report Volume
- Sales volume was down 8.1% this July year-over-year with 34 closed sales vs. 37 last July.
- Pending sales volume is up 20.7% with 35 pending sales vs. last year’s 29.
- Active listings are down 17.5% with 255 against 309 active listings last July.
- New listings are up 20.5% with 47 this July vs. 39 last July.
Sales volume was down just a bit for the month but pending sales are up so closed volume should rise next month. Prices continue to escalate on both the list and sale side showing a continued strong market. Active listings are down which would mean less inventory but if new listings continue to escalate as they have this month inventory should be stable.
Summary Statistics | ||||||
Jul-16 | Jul-15 | % Chg | 2016 YTD | 2015 YTD | % Chg | |
Absorption Rate | 7.85 | 8.77 | -10.49 | 7.57 | 9.79 | -22.68 |
Average List Price | $1,210,789 | $941,620 | 28.59 | $982,063 | $841,758 | 16.67 |
Median List Price | $649,900 | $544,000 | 19.47 | $579,000 | $525,000 | 10.29 |
Average Sale Price | $807,810 | $705,052 | 14.57 | $683,549 | $666,853 | 2.50 |
Median Sale Price | $543,500 | $494,787 | 9.85 | $455,000 | $447,500 | 1.68 |
Average CDOM | 262 | 155 | 69.03 | 190 | 186 | 2.15 |
Median CDOM | 128 | 83 | 54.22 | 111 | 127 | -12.60 |