FL ARCHIVED October 2017 | Page 16

Market Action Report
October 2017
County: Pinellas
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
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 217, up 2.8% from 211 150
days last month and up 39.1% from 156 days in October of last
year. The October 2017 DOM was at a mid level compared with
100
October of 2016 and 2015.
217
186
156
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 2017 Selling Price per Square Foot of $431 was up
4.5% from $412 last month and up 1.4% from 425 in October of
last year.
550
530
510
490
470
450
430
410
390
370
350
3 Mo Avg
431
425
417
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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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 2017 Selling Price vs Original
List Price of 88.0% was down from 90.8% last month and down
from 90.6% 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%
92%
90%
88%
86%
84%
82%
80%
78%
90.6%
88.4%
88.0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
300
400
500
600
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 2017 was 79, up 83.7% from 43 last month and up
9.7% from 72 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 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.
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