Market Action Report
City: Marco Island
July 2017
Marco Island
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 July was 118, up 5.4% from 112
days last month and down 7.1% from 127 days in July of last year.
The July 2017 DOM was at its lowest level compared with July of
2016 and 2015.
3 Mo Avg
200
180
154
160
140
127
118
120
100
80
60
40
20
0
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 M J J
14
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 July 2017 Selling Price per Square Foot of $342 was down
4.4% from $357 last month and down 7.6% from 370 in July of
last year.
450
430
410
390
370
350
330
310
290
270
250
373
3 Mo Avg
370
342
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 M J J
14
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
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 July 2017 Selling Price vs Original List
Price of 89.8% was down from