Florida Market Viewpoint June 2017 - Page 72

Market Action Report City: Marco Island June 2017 Marco Island 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 June was 112, down 3.4% from 116 days last month and down 13.8% from 130 days in June of last year. The June 2017 DOM was at its lowest level compared with June of 2016 and 2015. 3 Mo Avg 200 180 160 130 140 113 120 112 100 80 60 40 20 0 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 F M A M 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 June 2017 Selling Price per Square Foot of $359 was down 3.5% from $372 last month and down 7.1% from 386 in June of last year. 450 430 410 390 370 350 330 310 290 270 250 3 Mo Avg 386 359 343 J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The June 2017 Selling Price vs Original List Price of 90.2% was down from 90.5% last mon FBWg&УbRVRb7BV"2fpfr6VƖr&6RFfFVB'frƗ7Fr&6Rf"6B&W'FW2GW&rFRFBBPRPBP2P"PPPPPrPbPRP"PbP2Bb2Bb2Bb@P`pfVF'WrƗ7Fw26W0fVF'WrƗ7Fw26W0CScsF27BfWrbFR&WB6&W2FǒfVF'`&W'FW2f"6RrvFWrƗ7Fw2B6W2FRw&6w2FR&62V6V6ƗGbFR&WB2vV2FP&VF6&WGvVVFW6RFV2FRV&W"bWrƗ7Fw0VR#rv2rFvRRg&27BFBWrRg&VRb7BV"3#2Bb2Bb2Bb@P`p6&vB *6GvV&W"&W6FVF&VW7FFR6GvV&W"VFVB&VF'2&6R&vS&W'GGW34d6FF2&fFVB6W'FW7bw&VFW"f'BVFW&FR$TD%2$TD"766Fb'F6VG֖֒766Fb$TD%2גf&F&Vv2W2&V&&Bb$TD%2$TD%2766FbFR&V6W276R67B766Fb$TD%0FW2Bv'&B"wV&FVRFR67W&7bF2f&FB2FR&W76&ƗGb'WW""6VW"FfW&gBf&F&VWfBF7V667VW.( 2&VW7FFRG&67Fs"2BrR"R"R22