FL ARCHIVED February 2016 | Page 24
Market Action Report
Belleair
City: Belleair
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 103, up 37.3% from
75 days last month and up 19.8% from 86 days in February of
last year. The February 2016 DOM was at a mid level compared
with February of 2015 and 2014.
300
3 Mo Avg
266
250
200
150
103
86
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 February 2016 Selling Price per Square Foot of $200 was
down 16.9% from $241 last month and up 24.7% from 161 in
February of last year.
250
230
210
190
170
150
130
110
90
70
50
3 Mo Avg
200
195
161
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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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 89.1% was down from 97.5% last month and down
from 93.9% in February of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
93.9%
100%
89.1%
82.4%
80%
60%
40%
20%
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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Inventory / New Listings / Sales
Inventory / New Listings / Sales
93
85
81
92
81
88
98
89
97
100
103
97
91
87
96
91
86
97
91
95
93
99
101
99
100
99
82
85
83
93
98
77
60
91
80
97
100
101
120
90
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 28, up 86.7% from 15 last month and up
86.7% from 15 in February of last year.
40
20
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 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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