FL ARCHIVED April 2017 | Page 93
Market Action Report
April 2017
Fort Lauderdale/Fort Lauderdale Beach
City: Fort Lauderdale
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
3 Mo Avg
Market Time
140
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
120
trend in DOM tends to indicate a move towards more of a
100
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for April was 95, up 1.1% from 94 days
80
last month and down 12.8% from 109 days in April of last year.
The April 2017 DOM was at its lowest level compared with April
60
of 2016 and 2015.
109
96
95
40
20
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 April 2017 Selling Price per Square Foot of $257 was up
0.3% from $257 last month and up 2.8% from 250 in April of last
year.
300
290
280
270
260
250
240
230
220
210
200
3 Mo Avg
271
257
250
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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 April 2017 Selling Price vs Original List
Price of 94.8% was up from 93.8% last month and up from
94.4% in April of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
96%
94.8%
95%
94.4%
95%
93.7%
94%
94%
93%
93%
92%
92%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
2,000
2,500
3,000
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 550, down 14.6% from 644 last month and
down 4.3% from 575 in April of last year.
1,500
1,000
500
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
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15
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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 consumer’s real estate transaction.
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