FL ARCHIVED July 2017 - Page 140

Market Action Report City: Cocoa Beach Cocoa Beach July 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 July was 81, up 20.9% from 67 days last month and up 26.6% from 64 days in July of last year. The July 2017 DOM was at a mid level compared with July of 2016 and 2015. 3 Mo Avg 160 140 120 101 100 81 80 64 60 40 20 0 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 M J J 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 July 2017 Selling Price per Square Foot of $194 was down 9.1% from $214 last month and down 5.8% from 206 in July of last year. 3 Mo Avg 240 220 206 194 200 176 180 160 140 120 100 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 M J J 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 July 2017 Selling Price vs Original List Price of 92.9% was down from 93.9% last month and down from 94.1% in July of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 100% 98% 96% 94. IBLˌBM BLIBLBL B B B B BHHHHHHHHHHHHMMBMM’[[ܞH ]\[ [\’[[ܞH ]\[ [\ŒML L \\Y]وHX\]X[\[۝H[[ܞHق\Y\܈[H[ۙ]]\[[[\ˈHܘ\H\X[X[X\ۘ[]HوHX\]\[\B[][ۜ\]Y[\H][\ˈH\و]\[š[[H M\ \ HH \[۝[\ MK BH L[[Hو\YX\L LHHHHHHHHHHHHMMBMM\Y0H[[\\Y[X[X[\]H [[\[]Y X[ܜXH[N[\H\\Έђ Hۂ]H\ݚYY\\HوܙX]\ܝ]Y\[HPSԔPSԈ\X][ۈوX\[[KZX[ZH\X][ۈوPSԔ^HܚYHY[ۘ[S\\\XH\وPSԔPSԔ\X][ۈوH[HXX\XH\\X][ۈوPSԔ™\\[܈X\[YHHX\XHو\[ܛX][ۋ]\H\ۜX[]Hو[H^Y\܈[\\YH[H[[[ܛX][ۈ[][Xۜ[Y\&\X[\]H[X[ۋM HHHHH