Fort Myers Beach Community Information | School District
Fort Myers Beach Community Information | School District
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 March was 104 , down 29.7 % from 148 days last month and down 1.9 % from 106 days in March of last year . The March 2018 DOM was at its lowest level compared with March of 2017 and 2016 .
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 March 2018 Selling Price per Square Foot of $ 376 was down 5.9 % from $ 400 last month and down 3.1 % from 388 in March of last year .
200 180 160 140 120 100 80 60 40 20 0
600 550 500 450 400 350
Days On Market for Sold Properties
144
106 104
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M J
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15 |
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16 |
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17 |
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18 |
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Selling Price per Square Foot |
3 Mo Avg |
396 388
3 Mo Avg
376
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 March 2018 Selling Price vs Original List Price of 94.8 % was up from 92.7 % last month and up from 94.6 % in March of last year .
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 March 2018 was 83 , up 5.1 % from 79 last month and up 13.7 % from 73 in March of last year .
300
96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %
450 400 350 300 250 200 150 100 50 0
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15 |
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16 |
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17 |
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18 |
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Selling Price versus Listing Price Ratio
93.4 %
94.6 % 94.8 %
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M J
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A S O N D |
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15 |
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16 |
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17 |
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18 |
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Inventory / New Listings / Sales |
279 272 256 247 231 216
246
Avg Selling Price divided by Avg Listing Price for sold properties during the month
269 278 293 326 332 317 306 284 272 264 264 276 300 304 344 346 335 310 314 287 276 252 247
270 300 312
3 Mo Avg
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15 |
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16 |
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18 |
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342 368
394 84 | c o l d w e l l b a n k e r h o m e s . c o m