Market Action Report May 2018
ST
City :
.
St
PETE
Pete Beach
BEACH
Community Information | School District
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
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 May was 37 , down 62.6 % from 99 days last month and down 84.1 % from 233 days in May of last year . The May 2018 DOM was at its lowest level compared with May of 2017 and 2016 .
400 350 300 250 200 150 100 50
400 300
Agent Name Title Phone Website Other
Days On Market for Sold Properties
0 |
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|
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-50 |
J
15
|
J |
A |
S O N D
J
F M A M J
16
|
J |
A |
S O N D
J
F M A M J
17
|
J |
A |
S O N D
J
F M A M
18
|
Selling Price per Square Foot |
Selling Price per Square Foot |
3 Mo Avg |
The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and |
800 |
|
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 |
700 |
|
|
more normalized indicator on the direction of Property values .
The May 2018 Selling Price per Square Foot of $ 544 was down
|
600 |
544 |
0.3 % from $ 546 last month and up 18.5 % from 459 in May of |
500 |
479 |
459 |
last year . |
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|
|
233
3 Mo Avg
37
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 May 2018 Selling Price vs Original List Price of 111.8 % was up from 88.4 % last month and up from 80.7 % in May of last year .
200
120 % 100 % 80 % 60 %
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 A M |
15 |
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|
|
16 |
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17 |
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18 |
|
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
100.0 %
80.7 %
3 Mo Avg 111.8 %
40 % 20 %
Inventory / New Listings / Sales 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 May 2018 was 5 , down 16.7 % from 6 last month and up 66.7 % from 3 in May of last year .
35 30 25 20 15 10
0 % |
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 A M |
15 |
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16 |
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17 |
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18 |
|
Inventory / New Listings / Sales |
16 15
12 16
13 15 15 14
17 19 18
23
21
19 18
25 31 31
28 31 30
28 30
24
22
20 24 25 27 28 27
25 24 24 25 25
5 0
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 A M |
15 |
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|
16 |
|
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|
17 |
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|
18 |
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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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