FL ARCHIVED November 2016 | Page 60

Market Action Report

City: Fort Myers Beach

November 2016

Fort Myers Beach
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 466, up 106.2%
from 226 days last month and up 34.7% from 346 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

500

466

400

346

300
200
116

100
0
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-100

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 $524 was
down 45.0% from $953 last month and down 42.8% from 917 in
November of last year.

3 Mo Avg

917

950
850
750
650

578
524

550
450
350
250

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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 94.8% was down from 106.0% last month
and up from 69.3% in November of last year.

3 Mo Avg

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

120%
100%

94.8%

91.0%

80%

69.3%

60%
40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

56

60

41
37

35

35

32

41

38

41

45
38

35

33

36

36
31

29

33

38
30

40
35

34

32

32

30

31

30

32

30

30

30

43

40

46

40

49

50
40

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 10, up 66.7% from 6 last month and up
25.0% from 8 in November of last year.

20
10
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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