FL ARCHIVED September 2017 | Page 138

Market Action Report
City: Cocoa Beach
Cocoa Beach
September 2017
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
3 Mo Avg
160
The average Days On Market (DOM) shows how many days the
140
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
120
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for September was 87, up 13.0% from 100
77 days last month and up 2.4% from 85 days in September of
80
last year. The September 2017 DOM was at a mid level
compared with September of 2016 and 2015.
60
87
85
76
40
20
0
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 N D J F M A M J J A S
14
15
16
17
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 September 2017 Selling Price per Square Foot of $202 was
down 3.8% from $210 last month and down 6.5% from 216 in
September of last year.
3 Mo Avg
240
216
220
202
200
186
180
160
140
120
100
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 N D J F M A M J J A S
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15
16
17
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
100%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 98%
a Buyer's market exists, a ratio at or above 100% indicates more
96%
of a Seller's market. The September 2017 Selling Price vs
94%
Original List Price of 94.1% was up from 93.0% last month and
92%
up from 92.3% in September of last year.
90%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.1%
92.3%
92.1%
88%
86%
84%
82%
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 N D J F M A M J J A S
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15
16
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
150
200
250
300
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 September 2017 was 34, down 39.3% from 56 last
month and down 33.3% from 51 in September of last year.
100
50
0
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 N D J F M A M J J A S
14
15
16
17
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 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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