FL ARCHIVED October 2016 | Page 20

Market Action Report

City: New Port Richey

New Port Richey

October 2016

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | 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 October was 55, down 11.3% from
62 days last month and down 27.6% from 76 days in October of
last year. The October 2016 DOM was at its lowest level
compared with October of 2015 and 2014.

3 Mo Avg

120
100
81

76

80

55

60
40
20
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
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The October 2016 Selling Price per Square Foot of $91 was down
80
1.6% from $93 last month and up 17.5% from 78 in October of
75
last year.
70
65
60
55
50

3 Mo Avg
91

78
74

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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 October 2016 Selling Price vs Original
List Price of 95.7% was down from 95.8% last month and up
from 91.5% in October of last year.

3 Mo Avg

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

98%

95.7%

96%
94%

91.8%

92%

91.5%

90%
88%
86%
84%
82%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

1,400

667

613

597

597

652

735

769

765

826

848

884

931

874

797

689

633

400

823

600

896

961

937

1,014

1,009

1,005

1,020

1,015

995

990

1,076

1,040

1,143

1,102

1,114

1,059

800

1,040

1,000

1,032

1,200
1,023

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 October 2016 was 268, up 9.4% from 245 last month and
down 1.5% from 272 in October of last year.

200
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | 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 REALTORS
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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