FL ARCHIVED October 2016 | Page 61

Market Action Report

October 2016

Osprey

City: Osprey

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 106, down 3.6% from
110 days last month and up 9.3% from 97 days in October of last
year. The October 2016 DOM was at a mid level compared with
October of 2015 and 2014.

3 Mo Avg

200
180
160
140
111

120

106

97

100
80
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
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 $227 was up
30.3% from $175 last month and up 19.7% from 190 in October
of last year.

300
280
260
240
220
200
180
160
140
120
100

3 Mo Avg

227
190
173

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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 92.1% was up from 91.3% last month and down from
94.5% in October of last year.

3 Mo Avg

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

98%
96%

94.5%

94%

92.1%

91.0%

92%
90%
88%
86%
84%
82%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

250

157

151

163

153

163

170

165

191

186

184
161

174

156

136

133

150

133

100

157

193

188

189

186

188

175

167

155

160

151

196
174

200

194

190

173

150

160

200
159

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 26, down 3.7% from 27 last month and
down 3.7% from 27 in October of last year.

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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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