FL ARCHIVED March 2016 | Page 24

Market Action Report

March 2016

Belleair

City: Belleair

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 27, down 49.1% from
53 days last month and up from 0 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

800

700
600
500
400
300
200
100

27

0
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14
15
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3 Mo Avg
3 Mo Avg

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 95.8% was up from 92.1% last month and
up from 0.0% in March of last year.

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

120%

95.8%

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

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14
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

23

22

25
22

25

25

24

26
24

26

26

26

26
24

23

26

26

28
25

25

25

24
22

24
22

21

18

21

21
19

21

20

20

20

23

25

15

28

30

19

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 3, up from 0 last month and down
25.0% from 4 in March of last year.

10
5
0
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14
15
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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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