FL ARCHIVED October 2016 | Page 59

Market Action Report

City: Longboat Key

October 2016

Longboat Key
Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

3 Mo Avg

250

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
200
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 111, down 8.3% from
150
121 days last month and up 8.8% from 102 days in October of last
year. The October 2016 DOM was at a mid level compared with
100
October of 2015 and 2014.

123

111

102

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
550
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 500
more normalized indicator on the direction of Property values.
The October 2016 Selling Price per Square Foot of $392 was
450
down 10.5% from $439 last month and up 7.3% from 366 in
October of last year.
400

3 Mo Avg

406

392
366

350
300
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14
15
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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 92.3% was up from 90.1% last month and down
from 95.5% in October of last year.

3 Mo Avg

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

98%

95.5%

96%
94%

92.3%

92.0%

92%
90%
88%
86%
84%

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14
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

450

338
286

276

309

287

356

335

368

361

356
298

276

245

229

283

251

231

200

261

318

310

342

341

329

342

325

302

293

290

250

304

390

398

381

368

300

392

350

360

400
348

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 86, up 104.8% from 42 last month and up
38.7% from 62 in October of last year.

150
100
50
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.

c o l dw el l b a n k er h o m es.c o m

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