Page 2 - Bay_County_Townhouses_and_Condos_2017-Q2_Detail_Neat

Quarterly Market Detail - Q2 2017
Townhouses and Condos

Bay County

Percent Change
Cash Sales Quarter Cash Sales Year-over-Year
Q2 2017 207 23.2%
The number of Closed Sales during the quarter in Q1 2017 178 14.1%
which buyers exclusively paid in cash Q4 2016 161 -11.0%
Q3 2016 159 -4.2%
Q2 2016 168 -4.5%
Q1 2016 156 -1.9%
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are Q4 2015 181 63.1%
far more likely to have the funds to purchase a home available up front, Q3 2015 166 12.9%
whereas the typical homebuyer requires a mortgage or some other Q2 2015 176 9.3%
form of financing. There are, of course, many possible exceptions, so Q1 2015 159 11.2%
this statistic should be interpreted with care. Q4 2014 111 -17.2%
Q3 2014 147 -25.0%
Q2 2014 161 -14.8%

2013 2014 2015 2016
250
200
Cash Sales 150

100
50
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Percent of Closed Percent Change
Cash Sales as a Percentage of Closed Sales Quarter Sales Paid in Cash Year-over-Year
Q2 2017 44.1% -0.7%
The percentage of Closed Sales during the quarter Q1 2017 48.2% -8.9%
which were Cash Sales Q4 2016 50.2% -7.9%
Q3 2016 47.3% -5.4%
Q2 2016 44.4% 6.0%
Q1 2016 52.9% 26.9%
Q4 2015 54.5% 67.2%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not Q3 2015 50.0% 38.9%
paid fully in cash) each quarter involved some sort of financing, such Q2 2015 41.9% 1.0%
as mortgages, owner/seller financing, assumed loans, etc. Q1 2015 41.7% 6.6%
Q4 2014 32.6% -8.9%
Q3 2014 36.0% -16.7%
Q2 2014 41.5% 2.5%

2013 2014 2015 2016
60%
50%
Pct. of Closed Sales Paid in Cash 40%
30%
20%
10%
0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, August 9, 2017. Next quarterly data release is Thursday, November 2, 2017.