FL ARCHIVED April 2016 | Page 30
Market Action Report
City: St Petersburg
April 2016
St. Petersburg
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 146, up 47.5% from 99
days last month and up 53.7% from 95 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
350
300
250
199
200
146
150
95
100
50
0
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
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14
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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 $393 was down
8.0% from $427 last month and down 13.5% from 454 in April of
last year.
500
480
460
440
420
400
380
360
340
320
300
3 Mo Avg
454
411
393
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
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14
15
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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 92.2% was up from 91.7% last month and down from
92.8% in April of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
92.8%
88.1%
92.2%
80%
60%
40%
20%
0%
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
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14
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
91
88
82
75
70
68
61
64
58
65
60
73
69
72
76
73
72
72
65
71
67
71
65
71
84
80
83
74
68
64
66
65
59
57
40
65
60
105
This last view of the market combines monthly inventory of
120
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
100
relationship between these items. The number of New Listings
in April 2016 was 23, up 43.8% from 16 last month and up 43.8%
80
from 16 in April of last year.
20
0
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
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14
15
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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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