FL ARCHIVED April 2016 | Page 26

Market Action Report

City: Palm Harbor

April 2016

Palm Harbor
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for April was 194, up 63.0% from 119
days last month and down 33.1% from 290 days in April of last
year. The April 2016 DOM was at a mid level compared with
April of 2015 and 2014.

3 Mo Avg

450
400
350

290

300
250

194

200
150
100

68

50
0
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Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The April 2016 Selling Price per Square Foot of $272 was up
13.9% from $239 last month and up 49.2% from 182 in April of
last year.

3 Mo Avg

450
400
350
300

272
248

250

182

200
150

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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The April 2016 Selling Price vs Original List
Price of 88.1% was down from 90.9% last month and up from
83.0% in April of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

120%

93.5%

100%

88.1%

83.0%

80%
60%
40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

19

18

19
16

18

18

17

20

22

24
20

22
20

20
17

19

20

19

18

18

19

18

19

19

19

19

21

24

24

26
21
18

15

24

20

26

25

25

30
26

This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in April 2016 was 4, equal to 4 last month and up 33.3% from 3
in April of last year.

10
5
0
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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Con

Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami Association of REALTORS, My Florida Regional MLS, Naples Area Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTO
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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