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 O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 14 15 16 17 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 O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 14 15 16 17 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% O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 14 15 16 17 200 180 160 140 120 100 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. O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S 14 15 16 17 Copyright © Coldwell Banker Residential