FL ARCHIVED November 2016 | Page 48

Market Action Report

City: Marco Island

November 2016

Marco Island
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 November was 330, up 58.7%
from 208 days last month and up 96.4% from 168 days in
November of last year. The November 2016 DOM was at a mid
level compared with November of 2015 and 2014.

500

3 Mo Avg

469

450
400

330

350
300
250
200

168

150
100
50
0
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 A S O N
13 14
15
16

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 November 2016 Selling Price per Square Foot of $480 was
up 0.1% from $479 last month and down 18.7% from 591 in
November of last year.

3 Mo Avg

700
650

591

600
550
482

500

480

450
400
350
300
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 A S O N
13 14
15
16

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 November 2016 Selling Price vs
Original List Price of 89.0% was up from 84.2% last month and
down from 91.8% in November of last year.

3 Mo Avg

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

120%

96.7%

100%

91.8%

89.0%

80%
60%
40%
20%
0%
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 A S O N
13 14
15
16

Inventory / New Listings / Sales

Inventory / New Listings / Sales

248

228

221

219

217

241

224

257

246

221

216
190

188

196

188

219

202

218

217

222

211

197

188

181

168

176

169

175

214

201

187

150

193

200

202

250

256

283

300

193

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 November 2016 was 53, up 71.0% from 31 last month and up
15.2% from 46 in November of last year.

100
50
0
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 A S O N
13 14
15
16
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.

48 | c o l d w e l l b a n k e r h o m e s . c o m