FL ARCHIVED April 2018 | Page 70

Community Information | School District
Market Action Report April 2018

City : Tarpon Springs Price Range : All | Properties : SFH - Con

Market Time
120 The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
100 trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a
80
Seller ' s market . The DOM for April was 58 , down 17.1 % from 70 days last month and down 13.4 % from 67 days in April of last year . The April 2018 DOM was at its lowest level compared with
60
April of 2017 and 2016 .
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Tarpon Agent Springs

Name
Title Phone Website Other

Community Information | School District

20
Days On Market for Sold Properties
98
67
3 Mo Avg
58
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 April 2018 Selling Price per Square Foot of $ 150 was up 8.7 % from $ 138 last month and up 11.5 % from 135 in April 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 April 2018 was 101 , down 13.7 % from 117 last month and up 14.8 % from 88 in April of last year .
0
200 190 180 170 160 150 140 130 120 110 100
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
97 %
original list price . The lower the ratio is below 100 % the more of
96 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The April 2018 Selling Price vs Original
95 %
List Price of 96.2 % was up from 95.2 % last month and up from
94 %
95.1 % in April of last year .
93 %
92 % 91 % 90 % 89 %
450 400 350 300 250 200 150 100 50 0
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 O N D
J
F M A
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
114
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 O N D
J
F M A
15
16
17
18
Selling Price versus Listing Price Ratio
91.9 %
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 O N D
J
F M A
15
16
17
18
Inventory / New Listings / Sales
384 351 338 340 326 311 299
Avg Selling Price divided by Avg Listing Price for sold properties during the month
311 319 304 314 289 290 281 274 262 269 273 284 267 271 268
295
135
95.1 %
277 281 282 262 261 243 242 241 223
3 Mo Avg
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 O N D
J
F M A
15
16
17
18
231 230 218
150
96.2 %
219
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | 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 REAL 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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