FL ARCHIVED February 2016 | Page 30

Market Action Report

City: Palm Harbor

Palm Harbor

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 78, up 23.8% from
63 days last month and up 6.8% from 73 days in February of last
year. The February 2016 DOM was at a mid level compared with
February of 2015 and 2014.

3 Mo Avg

100
90
80

78

73
64

70
60
50
40
30
20
10
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 $129 was up
6.9% from $120 last month and up 8.4% from 119 in February of
last year.

150
145
140
135
130
125
120
115
110
105
100

3 Mo Avg

129
119

105

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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 93.4% was up from 92.8% last month and up from
93.2% in February of last year.

3 Mo Avg

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

97%
96%
95%

93.5%

94%

93.4%

93.2%

93%
92%
91%
90%
89%
88%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

583
509

470

512

490

498

554

514

561

557

572

561

563

591

573

632

622

615

400

596

611

599

605

603

597

620

610

599

603

594

594

583

583

574

500

574

600

616

700

577

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 226, up 11.3% from 203 last month and up
15.9% from 195 in February of last year.

300
200
100
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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