FL ARCHIVED May 2017 | Page 80

Market Action Report
May 2017
Bonita Springs/Bonita Beach
City: Bonita Springs
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
3 Mo Avg
Market Time
140
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
120
trend in DOM tends to indicate a move towards more of a
100
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for May was 95, up 2.2% from 93 days
80
last month and up 17.3% from 81 days in May of last year. The
May 2017 DOM was at a mid level compared with May of 2016
60
and 2015.
95
81
78
40
20
0
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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 May 2017 Selling Price per Square Foot of $254 was up
13.8% from $223 last month and up 25.1% from 203 in May of
last year.
3 Mo Avg
290
270
254
250
230
213
203
210
190
170
150
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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 May 2017 Selling Price vs Original List
Price of 92.5% was up from 91.6% last month and down from
93.3% in May of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
95%
94.3%
94%
93.3%
92.5%
93%
92%
91%
90%
89%
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15
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
600
800
1,000
1,200
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 179, down 6.8% from 192 last month and down
15.2% from 211 in May of last year.
400
200
0
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15
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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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