FL ARCHIVED January 2018 | Page 119

Market Action Report City: Boca Raton January 2018 Boca Raton 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 January was 82, equal to 82 days last month and down 3.5% from 85 days in January of last year. The January 2018 DOM was at its lowest level compared with January of 2017 and 2016. 3 Mo Avg 100 85 84 90 82 80 70 60 50 40 30 20 10 0 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 O N D J 15 16 17 18 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 January 2018 Selling Price per Square Foot of $220 was up 2.1% from $215 last month and up 14.4% from 192 in January of last year. 250 240 230 220 210 200 190 180 170 160 150 3 Mo Avg 220 192 189 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 O N D J 15 16 17 18 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 January 2018 Selling Price vs Original List Price of 91.9% was up from 91.6% last month and down from 92.3% in January of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 93% 93% 92.3% 92.1% 91.9% 92% 92% 91% 91% 90% 90% 89% 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 O N D J 15 16 17 18 Inventory / New Listings / Sales Inventory / New Listings / Sales 2,000 2,500 3,000 3,500 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 January 2018 was 729, up 63.1% from 447 last month and down 11.4% from 823 in January of last year. 1,500 1,000 500 0 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 O N D J 15 16 17 18 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. c o l dw el l b a n k er h o m es . c o m | 119