FL ARCHIVED November 2016 | Page 50

Market Action Report

November 2016

Naples

City: Naples

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 133, down 2.2%
from 136 days last month and down 19.4% from 165 days in
November of last year. The November 2016 DOM was at a mid
level compared with November of 2015 and 2014.

3 Mo Avg

250
200

165

150

133
111

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 $635 was
down 6.5% from $679 last month and up 2.8% from 618 in
November of last year.

750
730
710
690
670
650
630
610
590
570
550

3 Mo Avg

635
618

562

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 90.1% was down from 92.4% last month
and down from 92.0% in November of last year.

3 Mo Avg

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

96%
94%

92.6%

92.0%

92%

90.1%

90%
88%
86%
84%
82%
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

1,228

1,143

1,072

1,060

1,035

1,142

1,113

1,218

1,195

1,116

966

1,008

891

840

832

892

858

963

927

990

983

907

871

812

754

752

748

837

902

869

783

600

973

800

971

1,000

1,002

1,200

1,194

1,400

902

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 203, up 0.5% from 202 last month and
down 5.1% from 214 in November of last year.

400
200
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.

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