FL ARCHIVED April 2017 | Page 99

Market Action Report
April 2017
City: Boca Raton RATON
BOCA
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 April was 153, down 30.5% from
220 days last month and down 20.3% from 192 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
300
250
212
192
200
153
150
100
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
850
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
750
more normalized indicator on the direction of Property values.
The April 2017 Selling Price per Square Foot of $463 was up
2.0% from $454 last month and down 7.8% from 502 in April of 650
last year.
550
3 Mo Avg
502
493
463
450
350
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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 87.2% was down from 88.7% last month and down from
88.0% in April of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
90.3%
88.0%
87.2%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
400
500
600
700
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 76, down 7.3% from 82 last month and down
13.6% from 88 in April of last year.
300
200
100
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.
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