FL ARCHIVED December 2017 | Page 138

Market Action Report
City: Cocoa Beach
Cocoa Beach
December 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 December was 62, down 4.6%
from 65 days last month and up 3.3% from 60 days in
December of last year. The December 2017 DOM was at a mid
level compared with December of 2016 and 2015.
160
3 Mo Avg
141
140
120
100
80
62
60
60
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 December 2017 Selling Price per Square Foot of $208 was
down 6.9% from $223 last month and down 9.5% from 230 in
December of last year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
230
208
197
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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
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 December 2017 Selling Price vs
94%
Original List Price of 93.1% was down from 93.3% last month
92%
and down from 99.1% in December of last year.
90%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
99.1%
93.1%
88.7%
88%
86%
84%
82%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
100
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 December 2017 was 47, down 11.3% from 53 last
month and down 21.7% from 60 in December of last year.
50
0
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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 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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