FL ARCHIVED November 2017 | Page 78

Market Action Report
November 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
Market Time
3 Mo Avg
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 November was 112, up 15.5% from
80
97 days last month and up 33.3% from 84 days in November of
last year. The November 2017 DOM was at a mid level
60
compared with November of 2016 and 2015.
40
112
91
84
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 $215 was
down 4.7% from $226 last month and down 9.1% from 237 in
November of last year.
3 Mo Avg
290
270
242
250
237
230
215
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 November 2017 Selling Price vs
Original List Price of 92.8% was down from 93.0% last month
and down from 95.0% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
97%
96%
95.0%
95%
94.4%
94%
92.8%
93%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
1,200
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
1,000
relationship between these items. The number of New Listings
in November 2017 was 217, up 8.0% from 201 last month and
800
down 1.8% from 221 in November of last year.
600
400
200
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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