Cocoa Beach Community Information | School District
Cocoa Beach Community Information | School District
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 May was 98 , up 6.5 % from 92 days last month and up 78.2 % from 55 days in May of last year . The May 2017 DOM was at a mid level compared with May of 2016 and 2015 .
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 May 2017 Selling Price per Square Foot of $ 216 was up 0.6 % from $ 215 last month and up 4.4 % from 207 in May 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 May 2017 Selling Price vs Original List Price of 92.5 % was down from 93.2 % last month and down from 94.4 % in May of last year .
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 May 2017 was 47 , down 38.2 % from 76 last month and down 37.3 % from 75 in May of last year .
160 140 120 100 80 60 40 20
Days On Market for Sold Properties
92
0 |
J |
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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 |
14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
240 220 200 180 160 140 120 100
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 %
186
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S O N D |
J |
F M A M J |
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S O N D |
J |
F M A M J |
J |
A |
S O N D |
J |
F M A M |
14 |
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15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
93.3 %
82 % |
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 A M |
14 |
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15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
300 250 200 150 100
223 207 206 198 204 202 205
Avg Selling Price divided by Avg Listing Price for sold properties during the month
212 235
221 208 199 192
176 161 166 166 176
196 218
252
277
55
207
94.4 %
260 250 243 238
3 Mo Avg
3 Mo Avg
98
216
92.5 %
214 199 193 203 207 215 225
211 226
203
50 0
J |
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A |
S O N D |
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F M A M J |
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S O N D |
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F M A M J |
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A |
S O N D |
J |
F M A M |
14 |
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15 |
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16 |
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17 |
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