Current Inventory Analysis & Year to Date Comparisons
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QUARTERLY SALES STATISTICS- sing fams
Barrier island statistics 2/4 08: 3/4 '08 4/4 08 1/4 '09 2/4 '09 3/4 '09 4/4 '09
Average List Price: $1,264,961 1,212,982 $1,345,312 $1,532,607 1,138,260 1,207,525 1,347,854
Average Sales Price: 1,047,223 914,525 869,103 865,319 608,819 790,407 1,051,415
Average List to Sell Ratio: 87.47% 88.06% 88.06% 88.50 87.66% 89.04 78%
Average Days on Market: 212 194 229 203 248 217 209
-NOTE: 4/4 '09: SEE BOTTOM EVIDENT IN 2/4; NOW PRESSURE O PRICING HAS AVG SALE PRICE
UP, AND AVG DAYS ON MARKET DOWN AS DEMAND INCREASES TO PUT UPWARD PRESSURE ON PRICING
UNDER $600k very robust:
The robust health of inventory priced under $600K trend can be seen in these stats as scant supply & robust demand put upward pressure on pricing: AREA 12, southern island, primarily traditional single family communities had the highest list to sell ratio, highest average sales price despite northern island areas 13 and 14 having significantly higher average list prices. Area 12's average sales price of $762,794 for the quarter was a whopping 22% higher than any other island sector.
MONTHLY SALES STATISTICS
CURRENT INVENTORY Barrier Island MAY Sales Analysis
2010 JAN FEB MAR APR May Sing Fams: BIG MONEY RETURNS TO MARKET!
HOUSES 42% of sales traded over $1.025MM
Inventory 539 542 576 599 554 Of sales over $1MM avg sale price only 50% of orig list price
Sales 12 13 25 19 78% of sales over $522K
Pendings 6 14 13 16 8 Significant shift over past 12 mos when majority sales under $500K
New listings 15 62 48 57 Buyers acknowledge bottom being reached, value in Vero real estate
Mos Inv 24 29 as confidence in stocks wanes; confidence in things tangible:
Avg DOM art, vintage autos, gold.... now real estate
CONDOS Condos: ANOTHER BIG SHIFT
Inventory 450 410 50% of sales over $510K
Sales 13 11 22 22 Huge shift from past 12 mos when only U $300K sold
Pendings 8 4
New listings 44 45 40 47
Mos Inv 41
Avg DOM
2009 JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
HOUSES
Inventory 582 610 631 621 592 549 546 530 535 540 555
Sales 8 18 18 19 24 31 30 22 11 25 17
Pendings 12 10 8 14 15 16 10 8 6 8 9
New listings 82 74 69 43 46 43 50 40 58 64
Mos Inv 73 34 35 38 25 17 18 24 22 33
Avg DOM 120+ 120+ 120+ 120+ 120+
CONDOS
Inventory 470 478 494 489 442 429 419 430 410 439
Sales 1 8 12 25 13 8 10 7 9 11
Pendings 4 5 8 5 4 4 3 4 3
New listings 68 56 17 22 37 45 23 43 52
Mos Inv 39 60 41 22 34 54 42 45 40
Avg DOM 120+ 120+ 120+
Feb notes: 100% sales under $520K; 63% under $195K
2008 JAN FEB MAR APR MAY JUNE JULY AUG SEP OCT NOV DEC
Houses 561 598 603 580 555 526 521 517 515 532 540 544
Mos Inventory 80 54 35 18 28 33 29 57 25 35 47 39
Avg DOM 171 194
Condos 365 399 425 400 391 381 377 378 401 425 423 425
Mos Inventory 41 49 60 15 18 22 75 42 36 85 105 33
Avg DOM 460
2007 JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
Houses 575 585 578 543 508 476 455 473 472 513 516 551
Mos Inv. 82 31 25 23 20 18 15 17 52 55
Condos 387 395 394 395 367 364 356 358 359 365 352 358
Mos. Inv. 48 19 35 36 21 24 27 35 27 28
Note: Months of inventory supply determined by dividing number of previous month sales by current inventory; increase or decreases in sales, new or expired listings would change sales volume and subsequent number months of inventory available
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