FL ARCHIVED August 2017 | Page 61

Market Action Report
August 2017
Osprey
City: Osprey
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
250
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
200
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 192, up 73.0% from 111 150
days last month and up 68.4% from 114 days in August of last
year. The August 2017 DOM was at a mid level compared with
100
August of 2016 and 2015.
192
139
114
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
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15
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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 $203 was down
14.7% from $238 last month and up 9.7% from 185 in August of
last year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
203
185
177
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
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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 90.8% was up from 89.6% last month and down
from 91.5% in August of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
96%
94%
92%
91.5%
90.9%
90.8%
90%
88%
86%
84%
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
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15
16
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
100
150
200
250
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 numbe r of New Listings
in August 2017 was 23, down 11.5% from 26 last month and
down 14.8% from 27 in August of last year.
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
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15
16
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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.
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