FL ARCHIVED July 2016 | Page 16

Market Action Report
County: Pinellas

July 2016

Pinellas County
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: $1,000,000 and Up | 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 July was 162, up 48.6% from 109
days last month and up 17.4% from 138 days in July of last year.
The July 2016 DOM was at a mid level compared with July of
2015 and 2014.

3 Mo Avg

300
250
200

162
140

150

138

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 July 2016 Selling Price per Square Foot of $468 was up 9.8%
from $426 last month and up 31.7% from 355 in July of last year.

500
480
460
440
420
400
380
360
340
320
300

3 Mo Avg
468

355
325

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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 July 2016 Selling Price vs Original List
Price of 90.3% was up from 89.3% last month and up from
88.1% in July of last year.

3 Mo Avg

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

100%
95%

90.3%

90%

88.1%

87.5%

85%
80%
75%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

600

484

466

462

444

442

432

415

424

406

417
364

357

398

390

402

399

397

397

398

393

385

383

378

364

377

366

374

380

375

373

363

359

358

300

349

400

392

500

337

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 July 2016 was 66, down 23.3% from 86 last month and up
53.5% from 43 in July of last year.

200
100
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 REALTO
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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