FL ARCHIVED November 2017 | Page 175

Market Action Report
City: Heathrow
Heathrow
November 2017
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 82, up 382.4%
from 17 days last month and down 53.4% from 176 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
250
200
176
150
100
82
67
50
0
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-50
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 $163 was
down 15.5% from $192 last month and down 12.0% from 185 in
November of last year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
185
163
155
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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 90.6% was down from 97.0% last month
and up from 87.8% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
105%
100%
95%
92.6%
90.6%
90%
87.8%
85%
80%
75%
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10
Inventory / New Listings / Sales
Inventory / New Listings / Sales
5
This last view of the market combines monthly inventory of
30
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
25
relationship between these items. The number of New Listings
in November 2017 was 1, down 75.0% from 4 last month and
20
down 80.0% from 5 in November of last year.
15
0
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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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