FL ARCHIVED November 2016 | Page 56
Market Action Report
City: Cape Coral
November 2016
Cape Coral
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 d ownward trend a move towards more of a
Seller's market. The DOM for November was 95, down 1.0%
from 96 days last month and up from 0 days in November of last
year. The November 2016 DOM was at its lowest level compared
with November of 2015 and 2014.
3 Mo Avg
350
300
236
250
200
150
95
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 $296 was
down 30.6% from $427 last month and up from 0 in November
of last year.
3 Mo Avg
600
550
500
450
400
350
296
300
242
250
200
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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 87.0% was down from 91.7% last month
and up from 0.0% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
89.2%
87.0%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
72
63
63
71
66
69
73
68
81
75
77
75
74
71
72
65
70
75
68
70
67
65
55
53
48
52
58
57
64
49
40
58
50
59
60
61
70
72
80
76
90
58
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 21, up 162.5% from 8 last month and up
75.0% from 12 in November of last year.
30
20
10
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
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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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