FL ARCHIVED November 2016 | Page 54

Market Action Report

November 2016

Bonita Springs/Bonita Beach

City: Bonita Springs

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 102, down 24.4%
from 135 days last month and down 50.2% from 205 days in
November of last year. The November 2016 DOM was at its
lowest level compared with November of 2015 and 2014.

400

3 Mo Avg

347

350
300
250

205

200
150

102

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 $639 was
up 53.6% from $416 last month and down 10.3% from 713 in
November of last year.

750

3 Mo Avg

713

700

639

650

639

600
550
500
450
400
350
300
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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 91.8% was up from 88.7% last month and
down from 91.9% in November of last year.

3 Mo Avg

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

120%
100%

91.9%

91.6%

91.8%

80%
60%
40%
20%
0%
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15
16

160

150

149

144

160

147

177

171

172

167

168
132

132

131

114

112

108

124

114

142

136

154

143

140

138

131

123

120

148

133

156

154

179

168

164

200
180
160
140
120
100
80
60
40
20
0

139

Inventory / New Listings / Sales

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 November 2016 was 17, down 34.6% from 26 last month and
equal to 17 in November of last year.

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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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