FL ARCHIVED July 2017 | Page 82

Market Action Report
City: Fort Myers
July 2017
Fort Myers
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 89, down 2.2% from 91
days last month and up 14.1% from 78 days in July of last year.
The July 2017 DOM was at a mid level compared with July of
2016 and 2015.
3 Mo Avg
100
89
90
78
75
80
70
60
50
40
30
20
10
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 July 2017 Selling Price per Square Foot of $141 was down
0.9% from $142 last month and up 1.9% from 138 in July of last
year.
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
141
138
126
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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 July 2017 Selling Price vs Original List
Price of 92.7% was down from 92.9% last month and down from
93.7% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
95%
93.9%
94%
93.7%
94%
93%
92.7%
93%
92%
92%
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1,500
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
3,500
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
3,000
relationship between these items. The number of New Listings
in July 2017 was 510, down 13.9% from 592 last month and down 2,500
10.4% from 569 in July of last year.
2,000
1,000
500
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 REALTORS
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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