FL ARCHIVED October 2016 | Page 24
Market Action Report
Belleair
City: Belleair
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 34, down 76.4% from
144 days last month and down 62.6% from 91 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
300
250
200
150
119
91
100
34
50
0
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14
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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 October 2016 Selling Price per Square Foot of $195 was up
7.1% from $182 last month and down 2.6% from 200 in October
of last year.
250
230
210
190
170
150
130
110
90
70
50
3 Mo Avg
200
195
127
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 D J F M A M J J A S O
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14
15
16
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 95.6% was up from 89.7% last month and up from
90.2% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
95.6%
95%
90.2%
90%
85%
81.4%
80%
75%
70%
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 D J F M A M J J A S O
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
81
74
72
67
74
70
67
85
80
85
93
89
98
99
90
82
77
60
101
104
98
92
88
97
92
87
98
92
94
102
96
102
100
100
80
100
100
101
120
94
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 19, up 35.7% from 14 last month and down
26.9% from 26 in October of last year.
40
20
0
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 D J F M A M J J A S O
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14
15
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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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