FL ARCHIVED November 2017 | Page 131

Market Action Report
City: Wellington
November 2017
Wellington
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 November was 90, up 5.9% from
85 days last month and down 12.6% from 103 days in November
of last year. The November 2017 DOM was at a mid level
compared with November of 2016 and 2015.
3 Mo Avg
140
120
103
100
90
86
80
60
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 November 2017 Selling Price per Square Foot of $193 was
up 6.1% from $182 last month and down 2.9% from 199 in
November of last year.
3 Mo Avg
290
270
250
230
210
199
190
193
174
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 November 2017 Selling Price vs
Original List Price of 92.7% was down from 93.8% last month
and down from 93.0% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
95.1%
95%
94%
93.0%
93%
92.7%
92%
91%
90%
89%
88%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
1,000
Properties for sale along with New Listings and Sales. The graph
900
shows the basic annual seasonality of the market as well as the
800
relationship between these items. The number of New Listings
700
in November 2017 was 137, down 30.8% from 198 last month
600
and down 23.9% from 180 in November of last year.
500
400
300
200
100
0
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 A S O N
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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 REALT
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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