FL ARCHIVED August 2017 | Page 78

Market Action Report
August 2017
Bonita Springs/Bonita Beach
City: Bonita Springs
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | 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 August was 110, up 15.8% from 95
days last month and down 1.8% from 112 days in August of last
year. The August 2017 DOM was at a mid level compared with
August of 2016 and 2015.
3 Mo Avg
140
112
120
110
100
80
69
60
40
20
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 August 2017 Selling Price per Square Foot of $226 was up
9.0% from $208 last month and up 20.1% from 188 in August of
last year.
3 Mo Avg
290
270
250
230
226
219
210
188
190
170
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 August 2017 Selling Price vs Original
List Price of 92.0% was up from 91.7% last month and down
from 92.4% in August of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96.1%
96%
95%
94%
93%
92.4%
92.0%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
600
800
1,000
1,200
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 August 2017 was 134, down 7.6% from 145 last month and
down 20.7% from 169 in August of last year.
400
200
0
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