FL ARCHIVED May 2018 | Page 84

Market Action Report
May 2018
City: Fort Myers
Beach
FORT
MYERS
BEACH
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | 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 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.
3 Mo Avg
500
400
300
200
169
143
139
100
0
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-100
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
1,150
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
1,050
end Properties in the market, the selling price per square foot is a
950
more normalized indicator on the direction of Property values.
850
The May 2018 Selling Price per Square Foot of $561 was down
750
16.9% from $675 last month and up 2.5% from 548 in May of last
year.
650
561
461
450
350
250
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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 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.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
94.4%
88.3%
92.6%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
40
30
50
60
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.
Broward County
Coral Springs
Fort Lauderdale/
Fort Lauderdale Beach
Hollywood
Pembroke Pines
Plantation
Weston
3 Mo Avg
548
550
SOUTHEAST FLORIDA
20
10
Miami-Dade County
Aventura
Coconut Grove
Coral Gables
Kendall
Key Biscayne
Miami
Miami Beach
Pinecrest
Palm Beach County
Boca Raton
Boynton Beach
Delray Beach
Jupiter/Jupiter Beach
Palm Beach
Palm Beach Gardens
Wellington
West Palm Beach
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | Property Types: SFH - Con
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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, 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 estate ac
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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