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 241 , up 111.4 % from 114 days last month and up 44.3 % from 167 days in May of last year . The May 2018 DOM was at a mid level compared with May of 2017 and 2016 .

300

250

200

150

100

50

Agent Name Phone Website Other Days On Market for Sold Properties

122

167

3 Mo Avg

241

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 $ 518 was up 6.0 % from $ 489 last month and down 6.4 % from 554 in May of last year .

0

650

600

550

500

634

554

518

450

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 86.9 % was down from 90.5 % last month and down from 87.3 % 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 61 , up 15.1 % from 53 last month and up 13.0 % from 54 in May of last year .

400

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

500 450 400 350 300 250 200 150 100 50 0

Selling Price versus Listing Price Ratio

91.7 %

87.3 % 86.9 %

309 299 286 292 309 328 343

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

384 400 400 382

3 Mo Avg

350 333 330 329 321 353 369 384 409 428 432

409 384

361 320 310 300 325 332 335 337 336 352 343 353

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

Coldwell Banker Global Luxury ® | 49