Merritt Island Community Information | School District
Merritt Island Community Information | School District
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 April was 57 , down 1.7 % from 58 days last month and down 12.3 % from 65 days in April of last year . The April 2017 DOM was at its lowest level compared with April of 2016 and 2015 .
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 April 2017 Selling Price per Square Foot of $ 150 was down 3.5 % from $ 155 last month and up 5.6 % from 142 in April of last year .
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 April 2017 Selling Price vs Original List Price of 94.6 % was up from 94.2 % last month and up from 94.0 % in April of last year .
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 April 2017 was 121 , down 4.0 % from 126 last month and up 4.3 % from 116 in April of last year .
100 90 80 70 60 50 40 30 20 10 0
200 190 180 170 160 150 140 130 120 110 100
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
450 400 350 300 250 200 150 100 50 0
Days On Market for Sold Properties
62
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 N D |
J |
F M A |
14 |
|
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
127
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 N D |
J |
F M A |
14 |
|
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price versus Listing Price Ratio
94.6 %
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 N D |
J |
F M A |
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
419
340 326 331 316 301
330
Avg Selling Price divided by Avg Listing Price for sold properties during the month
320
363 388 375 364 382
342 345
320 287 293 306 316 314 298 293
65
142
94.0 %
288
272 293 289 263 256 251 258 266
3 Mo Avg
3 Mo Avg
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 N D |
J |
F M A |
14 |
|
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
259 253 271
57
150
94.6 %
273
146 | c o l d w e l l b a n k e r h o m e s . c o m
Market Action Report
City: Merritt Island
Merritt Island
April 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
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 April was 57, down 1.7% from 58
days last month and down 12.3% from 65 days in April of last
year. The April 2017 DOM was at its lowest level compared with
April of 2016 and 2015.
3 Mo Avg
100
90
80
70
65
62
57
60
50
40
30
20
10
0
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 N D J F M A
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 April 2017 Selling Price per Square Foot of $150 was down
3.5% from $155 last month and up 5.6% from 142 in April of last
year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
150
142
127
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 N D J F M A
14
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
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 April 2017 Selling Price vs Original List
Price of 94.6% was up from 94.2% last month and up from
94.0% in April of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
94.6%
94.6%
94.0%
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 N D J F M A
14
15
16
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
200
250
300
350
400
450
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 April 2017 was 121, down 4.0% from 126 last month and up
4.3% from 116 in April of last year.
150
100
50
0
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 N D J F M A
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 REALTORS
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 �ۜ�[Y\��&\��X[\�]H�[��X�[ۋ��M
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