FL ARCHIVED March 2016 | Page 22
Market Action Report
County: Pinellas
March 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 March was 130, up 3.2% from 126
days last month and down 4.4% from 136 days in March of last
year. The March 2016 DOM was at its lowest level compared
with March of 2015 and 2014.
3 Mo Avg
300
250
200
156
136
150
130
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 March 2016 Selling Price per Square Foot of $434 was up
1.6% from $427 last month and up 15.1% from 377 in March of
last year.
500
480
460
440
420
400
380
360
340
320
300
3 Mo Avg
434
386
377
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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 March 2016 Selling Price vs Original
List Price of 96.2% was up from 89.4% last month and up from
88.7% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
96.2%
95%
88.7%
90%
86.3%
85%
80%
75%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
600
479
450
428
434
415
426
371
365
401
396
404
394
401
398
398
393
385
383
378
364
377
366
374
380
375
373
363
359
358
349
337
347
338
300
356
400
398
500
355
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 March 2016 was 78, down 7.1% from 84 last month and up
36.8% from 57 in March of last year.
200
100
0
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 M
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Copyright © Coldwell Banker | 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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