FL ARCHIVED March 2018 | Page 158

Community Information | School District
Market Action Report March 2018

City : Cape Coral Price Range : All | Properties : SFH - Con

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 March was 67 , down 8.2 % from 73 days last month and down 14.1 % from 78 days in March of last year . The March 2018 DOM was at a mid level compared with March of 2017 and 2016 .
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 March 2018 Selling Price per Square Foot of $ 149 was up 0.3 % from $ 149 last month and up 2.1 % from 146 in March of last year .
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 March 2018 Selling Price vs Original List Price of 95.1 % was down from 95.2 % last month and up from 94.8 % in March of last year .

Cape Agent Name Coral

Title Phone Website Other

Community Information | School District

Days On Market for Sold Properties
100
90
78
80
70
64
67
60
50
40
30
20
10
0
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
F M
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
97 % 96 % 96 % 95 % 95 % 94 % 94 %
133
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
F M
15
16
17
18
146
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.4 %
94.8 %
3 Mo Avg
3 Mo Avg
149
95.1 %
Inventory / New Listings / Sales 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 March 2018 was 804 , down 7.3 % from 867 last month and up 0.8 % from 798 in March of last year .
93 %
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
F M
15
16
17
18
Inventory / New Listings / Sales
3,000 2,500 2,000 1,500 1,000
2,216
2,000 1,836 1,797 1,717 1,755 1,856 2,014 2,055
2,292 2,446 2,402 2,316 2,176 2,072 2,042 1,980 2,005 2,063 2,195 2,193 2,380 2,413 2,381 2,257 2,158 2,077 1,968 1,952 1,948 2,037 2,145 2,151
2,363 2,572
2,819
500 0
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
F M
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 .
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