FL ARCHIVED February 2016 | Page 12
Market Action Report
City: Brandon
February 2016
Brandon
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 February was 65, down 12.2%
from 74 days last month and down 33.7% from 98 days in
February of last year. The February 2016 DOM was at its lowest
level compared with February of 2015 and 2014.
3 Mo Avg
120
98
100
80
71
65
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 February 2016 Selling Price per Square Foot of $98 was
down 1.8% from $100 last month and up 10.6% from 89 in
February of last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
98
89
81
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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 February 2016 Selling Price vs Original
List Price of 95.3% was up from 94.3% last month and up from
94.0% in February of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
102%
100%
98%
96%
95.3%
94.3%
94.0%
94%
92%
90%
88%
86%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
222
261
235
271
259
268
299
271
314
291
288
288
346
292
343
379
338
350
328
334
328
349
327
335
334
313
307
298
287
280
250
200
248
250
261
300
303
350
376
400
234
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 February 2016 was 133, up 34.3% from 99 last month and up
14.7% from 116 in February of last year.
150
100
50
0
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 M J J A S O N D J F
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Copyright © Coldwell Banker | Price Range: All | 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