FL ARCHIVED October 2016 | Page 41
Market Action Report
Zip Code: 34242 - Sarasota
October 2016
Siesta Key
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 118, down 18.6% from
145 days last month and down 48.2% from 228 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
450
400
350
300
250
228
206
200
150
118
100
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 $416 was
down 36.9% from $660 last month and down 24.1% from 549 in
October of last year.
850
800
750
700
650
600
550
500
450
400
350
3 Mo Avg
803
549
416
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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 89.8% was up from 85.9% last month and up from
86.8% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
87.6%
89.8%
86.8%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
125
110
104
130
120
130
125
122
116
105
95
93
87
83
91
82
107
98
125
119
122
106
97
95
93
96
94
125
126
118
110
98
80
118
100
108
120
122
140
107
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 31, up 106.7% from 15 last month and up
106.7% from 15 in October of last year.
60
40
20
0
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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 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
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