FL ARCHIVED October 2016 | Page 35

Market Action Report

October 2016

Osprey

City: Osprey

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 310, up 496.2% from
52 days last month and up 638.1% from 42 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

1,000
900
800
700
600
500
400

310

300

175

200

42

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
13 14
15
16

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 $351 was up
77.8% from $197 last month and up 23.7% from 284 in October
of last year.

3 Mo Avg

850
750
650
550
450

351

350

284

259

250
150
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
13
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 81.8% was down from 87.6% last month and down
from 91.7% in October of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.7%
88.1%

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

81.8%

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
13 14
15
16

Inventory / New Listings / Sales

35
30

35
31

35

34

38

39
33

31

25

25

32
24

31

37

40

39

36

38

37

39
34

38

40
35

40

41

44

47
43

38
33

32

31

50
45
40
35
30
25
20
15
10
5
0

46

Inventory / New Listings / Sales

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 6, up 200.0% from 2 last month and up
200.0% from 2 in October of last year.

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
13
14
15
16
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 REALT
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

| 35