FL ARCHIVED April 2016 | Page 45
Market Action Report
April 2016
Manatee County
County: Manatee
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 162, up 21.8% from 133
days last month and down 27.0% from 222 days in April of last
year. The April 2016 DOM was at its lowest level compared with
April of 2015 and 2014.
3 Mo Avg
300
248
250
222
200
162
150
100
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 $620 was up
30.5% from $475 last month and up 28.6% from 482 in April of
last year.
3 Mo Avg
700
650
620
600
556
550
482
500
450
400
350
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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 92.7% was up from 90.1% last month and up from 86.2%
in April of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
92.7%
86.2%
86.1%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
338
320
298
291
312
303
325
309
341
338
341
325
311
284
283
291
285
292
291
275
263
242
225
211
207
206
150
203
200
203
250
251
300
302
416
411
350
352
393
400
412
450
201
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 55, down 11.3% from 62 last month and up
48.6% from 37 in April of last year.
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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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 REALT
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.
c o l dw el l b a n k er h o m es.c o m
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