FL ARCHIVED August 2017 | Page 200
Market Action Report
City: Fort Walton Beach
Fort Walton 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
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 August was 89, up 39.1% from 64
days last month and up 9.9% from 81 days in August of last year.
The August 2017 DOM was at a mid level compared with August
of 2016 and 2015.
3 Mo Avg
140
120
120
100
89
81
80
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 August 2017 Selling Price per Square Foot of $161 was up
3.9% from $155 last month and up 11.3% from 144 in August of
last year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
161
144
136
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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 August 2017 Selling Price vs Original
List Price of 95.1% was down from 96.4% last month and down
from 95.6% in August of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
95.6%
95.4%
96%
95.1%
94%
92%
90%
88%
86%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
700
200
300
400
500
600
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 112, up 23.1% from 91 last month and up
41.8% from 79 in August of last year.
100
0
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