FL ARCHIVED July 2016 | Page 43
Market Action Report
July 2016
Manatee County
County: Manatee
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 189, up 19.6% from 158
days last month and up 112.4% from 89 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
189
200
137
150
89
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 $537 was up 3.9%
from $517 last month and up 15.0% from 467 in July of last year.
3 Mo Avg
700
650
600
550
537
526
500
467
450
400
350
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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 90.2% was up from 88.5% last month and down from
90.9% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
90.9%
90.2%
87.2%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
359
365
353
408
347
334
316
295
288
311
302
324
308
341
337
341
325
311
284
283
291
285
292
291
275
263
242
225
150
211
200
207
250
251
300
302
388
350
393
400
404
450
203
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 48, up 14.3% from 42 last month and up 29.7%
from 37 in July of last year.
100
50
0
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 M A M J J
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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 REALT
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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