FL ARCHIVED February 2018 | Page 62

Community Information | School District
Market Action Report February 2018

City : St Pete Beach Price Range : All | Properties : SFH - Con

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for February was 84 , down 4.5 % from
100
88 days last month and up 18.3 % from 71 days in February of last
year . The February 2018 DOM was at a mid level compared with
80
February of 2017 and 2016 .
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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 February 2018 Selling Price per Square Foot of $ 395 was up 7.8 % from $ 366 last month and up 32.3 % from 299 in February of last year .
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 February 2018 Selling Price vs Original List Price of 93.5 % was up from 92.2 % last month and up from 91.5 % in February of last year .
Inventory / New Listings / Sales 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 February 2018 was 57 , up 11.8 % from 51 last month and up 16.3 % from 49 in February of last year .

St . Pete Agent Name Beach

Title Phone Website Other

Community Information | School District

Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
40 20
Days On Market for Sold Properties
Selling Price versus Listing Price Ratio
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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0
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 D
J
F
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
395
400 380 360 340 320 300 280 260 240 220 200
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 %
313
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 D
J
F
15
16
17
18
71
299
91.8 % 91.5 %
82 %
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 D
J
F
15
16
17
18
Inventory / New Listings / Sales
200 180 160 140 120 100 80 60 40 20 0
148 145 140 135 134 127 135
Avg Selling Price divided by Avg Listing Price for sold properties during the month
128 131 134
150 168 167 151 155 148
120
114 132 137 152 146 167 167 172
162 152 155
3 Mo Avg
3 Mo Avg
84
93.5 %
139 138 136 148 148 149 142 141
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 D
J
F
15
16
17
18
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