FL ARCHIVED November 2017 | Page 80

Market Action Report City: Cape Coral November 2017 Cape Coral 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 75, equal to 75 days last month and up 2.7% from 73 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 100 90 80 75 73 65 70 60 50 40 30 20 10 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 14 15 16 17 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 $142 was up 0.2% from $141 last month and up 3.9% from 136 in November of last year. 200 190 180 170 160 150 140 130 120 110 100 3 Mo Avg 142 136 131 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 14 15 16 17 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 95.2% was equal to 95.2% last month and down from 95.7% in November of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 97% 96% 95.7% 95.7% 96% 95.2% 95% 95% 94% 94% 93% 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 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales This last view of the market combines monthly inventory of 3,000 Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the 2,500 relationship between these items. The number of New Listings in November 2017 was 756, up 8.6% from 696 last month and 2,000 up 12.8% from 670 in November of last year. 1,500 1,000 500 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 14 15 16 17 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. 80 | c o l d w e l l b a n k e r h o m e s . c o m