FL ARCHIVED August 2017 | Page 138

Market Action Report City: Cocoa Beach Cocoa Beach August 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 3 Mo Avg 160 The average Days On Market (DOM) shows how many days the 140 average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a 120 Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for August was 77, down 4.9% from 81 100 days last month and up 6.9% from 72 days in August of last year. 80 The August 2017 DOM was at a mid level compared with August of 2016 and 2015. 60 92 77 72 40 20 0 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 M J J A 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 August 2017 Selling Price per Square Foot of $210 was up 7.9% from $194 last month and up 6.5% from 197 in August of last year. 3 Mo Avg 240 220 210 197 200 180 166 160 140 120 100 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 M J J A 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 August 2017 Selling Price vs Original List Price of 93.0% was up from 92.9% last month and up from 91.2% in August of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 100% 98% 96% 93.7% 94% 93.0% 91.2% 92% 90% 88% 86% 84% 82% 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 M J J A 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 150 200 250 300 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 August 2017 was 58, down 3.3% from 60 last month and up 28.9% from 45 in August of last year. 100 50 0 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 M J J A 14 15 16 17 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 REALTORS 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. 138 | c o l d w e l l b a n k e r h o m e s . c o m