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 135 , down 19.6 % from 168 days last month and down 17.2 % from 163 days in May of last year . The May 2018 DOM was at a mid level compared with May of 2017 and 2016 .

250

200

150

100

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

89

163

3 Mo Avg

135

50

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 $ 444 was down 3.4 % from $ 460 last month and down 1.0 % from 449 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 86.7 % was down from 89.9 % last month and equal to 86.7 % in May 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 May 2018 was 55 , down 20.3 % from 69 last month and down 16.7 % from 66 in May of last year .

0

650 600 550 500 450 400 350

98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 %

350 300 250 200 150 100 50 0

443 449 444

Selling Price versus Listing Price Ratio

93.8 %

86.7 % 86.7 %

242 249 244 246

264 244 241

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

247 259

274 296 294 302 292 282 280

3 Mo Avg

269 269 269 266 277 290 292 304 293 298 296 298 294

272

253 286 298 309 321 317

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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