FL ARCHIVED September 2017 | Page 32
Market Action Report
City: St Pete Beach
St. Pete Beach
September 2017
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | 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 September was 78, up 6.8% from
73 days last month and down 19.6% from 97 days in September
of last year. The September 2017 DOM was at a mid level
compared with September of 2016 and 2015.
3 Mo Avg
160
140
120
97
100
80
78
70
60
40
20
0
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Selling Price per Square Foot
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 September 2017 Selling Price per Square Foot of $294 was
down 8.1% from $320 last month and down 24.3% from 389 in
September of last year.
3 Mo Avg
389
400
380
360
340
320
300
280
260
240
220
200
294
278
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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 September 2017 Selling Price vs
Original List Price of 94.3% was up from 91.9% last month and
down from 95.7% in September of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
95.7%
96%
94.3%
93.4%
94%
92%
90%
88%
86%
84%
82%
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200
180
160
140
120
100
80
60
40
20
0
Inventory / New Listings / Sales
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 September 2017 was 30, down 30.2% from 43 last
month and down 23.1% from 39 in September of last year.
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