Market Action Report May 2018

Community Information | School District

Price Range : $ 1,000,000 and Up | Properties : SFH - Con

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 May was 150 , up 7.9 % from 139 days last month and down 23.5 % from 196 days in May of last year . The May 2018 DOM was at its lowest level compared with May of 2017 and 2016 .

350 300 250 200 150 100 50

Agent Name Title Phone Website Other Days On Market for Sold Properties

221 196

3 Mo Avg

150

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 May 2018 Selling Price per Square Foot of $ 576 was up 20.0 % from $ 480 last month and up 6.0 % from 543 in May of last year .

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 May 2018 Selling Price vs Original List Price of 92.5 % was up from 91.8 % last month and up from 85.2 % in May of last year .

1,300 1,200 1,100 1,000 900 800 700 600 500 400

100 % 95 % 90 % 85 %

489

543

Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month

87.4 % 85.2 %

3 Mo Avg

576

92.5 %

80 % 75 %

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 May 2018 was 13 , up 30.0 % from 10 last month and equal to 13 in May of last year .

200 180 160 140 120 100 80 60 40 20 0

98

91 82 83 88 96 94 106 117 123 131 126 131

118 107 102

120

133 149 157 174 174 171 164

155

137

121 109 109 118 120 124 146 143 136

121

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 REALT 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 .

TORS , Flagler County Association of REALTORS , Bonita Springs-Estero Association of REALTORS , Royal Palm Coast REALTOR Association , Navarre Area Board of REALTORS , Emerald Coast Association of REALTORS , Pensacola Association of REALTORS and may not reflect all relevant real estat

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