FL ARCHIVED December 2017 | Page 62

Market Action Report
December 2017
City: Fort Myers
Beach
FORT
MYERS
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 65, up from 0
days last month and down 57.0% from 151 days in December of
last year. The December 2017 DOM was at its lowest level
compared with December of 2016 and 2015.
3 Mo Avg
500
400
300
214
200
151
100
65
0
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-100
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
1,150
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
1,050
end Properties in the market, the selling price per square foot is
950
a more normalized indicator on the direction of Property values.
850
The December 2017 Selling Price per Square Foot of $571 was
750
up from $0 last month and down 49.1% from 1,121 in December
650
of last year.
550
3 Mo Avg
1,121
571
552
450
350
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
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 94.5% was up from 0.0% last month and
up from 90.3% in December of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.7%
94.5%
90.3%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
60
Properties for sale along with New Listings and Sales. The
graph shows the basic annual seasonality of the market as well
50
as the relationship between these items. The number of New
Listings in December 2017 was 6, down 14.3% from 7 last month 40
and equal to 6 in December of last year.
30
10
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 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.