FL ARCHIVED December 2017 | Page 16

Market Action Report December 2017 City: Clearwater Beach CLEARWATER BEACH 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 December was 228, up 7.5% from 212 days last month and up 86.9% from 122 days in December of last year. The December 2017 DOM was at a mid level compared with December of 2016 and 2015. 3 Mo Avg 600 500 400 300 228 200 122 90 100 0 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 O N D 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 December 2017 Selling Price per Square Foot of $477 was down 11.1% from $537 last month and down 6.4% from 510 in December of last year. 3 Mo Avg 750 700 650 600 546 550 510 477 500 450 400 350 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 O N D 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 120% 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 100% of a Seller's market. The December 2017 Selling Price vs 80% Original List Price of 88.3% was down from 88.6% last month and up from 84.9% in December of last year. 60% 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 88.0% 88.3% 84.9% 40% 20% 0% 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 O N D 15 16 17 100 90 80 70 60 50 40 30 20 10 0 Inventory / New Listings / Sales 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 December 2017 was 13, down 38.1% from 21 last month and up 225.0% from 4 in December of last year. 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 O N D 15 16 17 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 REA 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. 16 | coldwellbankerluxury.com