FL ARCHIVED November 2016 | Page 52

Market Action Report

County: Lee

November 2016

Lee 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 November was 177, up 67.0% from
106 days last month and up 43.9% from 123 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

350
300
243

250
200

177

150

123

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 November 2016 Selling Price per Square Foot of $585 was
up 28.0% from $457 last month and down 4.5% from 613 in
November of last year.

3 Mo Avg

700
650

613
585

600
550
500

470

450
400
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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 November 2016 Selling Price vs
Original List Price of 91.3% was down from 91.4% last month
and down from 97.1% in November of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties
97.1% during the month

98%
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%

91.3%

90.3%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

664

620

571

557

625

579

677

666

708

644
574

570

553

520

511

492

526

504

604

568

601

599

586

676

624

567

536

511

508

555

519

400

596

500

660

600

673

700

691

800

645

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 131, up 11.0% from 118 last month and up
52.3% from 86 in November of last year.

300
200
100
0
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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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