FL ARCHIVED May 2018 | Page 166

FORT MYERS BEACH

Community Information | School District
Days On Market for Sold Properties
3 Mo Avg
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 139 , down 2.8 % from 143 days last month and down 17.8 % from 169 days in May of last year . The May 2018 DOM was at its lowest level compared with May of 2017 and 2016 .
500
400
300
200
143
169
139
100
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 $ 561 was down 16.9 % from $ 675 last month and up 2.5 % from 548 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 92.6 % was down from 94.2 % last month and down from 94.4 % in May of last year .
0
-100
1,150
1,050 950 850 750 650 550 450 350 250
120 % 100 % 80 % 60 %
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Selling Price per Square Foot
461
Selling Price versus Listing Price Ratio
548 561
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.3 %
3 Mo Avg
3 Mo Avg
94.4 % 92.6 %
40 % 20 %
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 7 , down 30.0 % from 10 last month and up from 0 in May of last year .
60 50 40 30 20
0 %
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Inventory / New Listings / Sales
33 36 36
31 33 35
38 44
55
48
40 40
37
33
31 36 38 40 42 43 53 52 50
44 41 43 43
39 47 49 49 54 53 54
57
53
10 0
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