FL ARCHIVED July 2016 | Page 30

Market Action Report

City: Tarpon Springs

July 2016

Tarpon Springs
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 0, up from 0 days last
month and up from 0 days in July of last year. The July 2016
DOM was at its lowest level compared with July of 2015 and
2014.

3 Mo Avg

600
500
400
300
200
100
0
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-100

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 $0 was up from
$0 last month and down 100.0% from 261 in July of last year.

350
330
310
290
270
250
230
210
190
170
150

3 Mo Avg

261

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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 0.0% was up from 0.0% last month and up from 0.0% in
July of last year.

3 Mo Avg

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

120%
100%
80%
60%
40%
20%
0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

16

18
15

17
15
12

11

14

22

12

14

16
14

17
15

21

21

10

16

18
16

20

19

18
16

19

18

19

18

19

22

23
21
16

15

22

20

22

25
22

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 4, up 100.0% from 2 last month and up 300.0%
from 1 in July of last year.

5
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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