FL ARCHIVED February 2016 | Page 20

Market Action Report

City: New Port Richey

New Port Richey

February 2016

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 80, down 10.1%
from 89 days last month and down 3.6% from 83 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
99

100

83

80

80
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The February 2016 Selling Price per Square Foot of $84 was up
80
3.8% from $81 last month and up 19.1% from 71 in February of
75
last year.
70
65
60
55
50

3 Mo Avg

84

71
66

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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 92.1% was up from 90.7% last month and up from
89.9% in February of last year.

3 Mo Avg

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

95%
94%
93%
92%
91%
90%
89%
88%
87%
86%
85%
84%

92.1%
89.9%
87.6%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

828

771

822

844

819

879

870

928

893

960

934

1,014

1,008

1,005

1,020

1,015

994

990

1,075

1,039

1,142

1,101

1,111

1,056

1,037

1,030

977

915

862

828

829

792

600

809

800

872

1,000

1,020

1,200

828

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 312, up 5.4% from 296 last month and up
0.6% from 310 in February of last year.

400
200
0
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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 Board of REALTORS, REALTORS Association of the Palm Beaches, Space Coast Association of REALTORS
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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