FL ARCHIVED October 2016 | Page 14

Market Action Report

County: Pinellas

October 2016

Pinellas County
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 October was 156, up 4.0% from
150 days last month and down 16.1% from 186 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

300
250
186

200

156

150
100

100
50
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 $425 was
down 2.3% from $435 last month and up 1.8% from 417 in
October of last year.

500
480
460
440
420
400
380
360
340
320
300

3 Mo Avg

425

417
394

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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 90.6% was up from 89.3% last month and up from
88.4% in October of last year.

3 Mo Avg

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

100%
95%

92.5%
90.6%
88.4%

90%
85%
80%
75%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

600

488

457

446

446

444

458

438

440

430

412

423

404

417
363

356

397

389

401

399

396

397

398

393

385

383

378

363

377

366

374

380

375

372

300

360

400

391

500

355

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 80, up 9.6% from 73 last month and down
27.3% from 110 in October of last year.

200
100
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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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 REALTO
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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