FL ARCHIVED March 2018 | Page 142

Community Information | School District
Market Action Report March 2018

City : Marco Island Price Range : All | Properties : SFH - Con

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 March 2018 Selling Price vs Original List Price of 91.8 % was up from 90.3 % last month and up from 91.0 % in March of last year .

Marco Agent Name Island

Title Phone Website Other
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
340 320 300
Days On Market for Sold Properties
Market Time
200
The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
180
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
160
140
137
142
Seller ' s market . The DOM for March was 142 , up 10.9 % from
128 days last month and up 3.6 % from 137 days in March of last year . The March 2018 DOM was at a mid level compared with
120
100
106
March of 2017 and 2016 .
80
60
40
20
0
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 M
15
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
direction of Property values . Since Median Sales Price and
440
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
420
more normalized indicator on the direction of Property values .
The March 2018 Selling Price per Square Foot of $ 366 was down
400
1.5 % from $ 372 last month and up 2.2 % from 359 in March of last year .
380
360
361
359
366
95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %
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
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 March 2018 was 143 , up 20.2 % from 119 last month and up
3.6 % from 138 in March of last year .
600
500

Community Information | School District

400 300 200 100
0
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 M
15
16
17
18
Selling Price versus Listing Price Ratio
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 M
15
16
17
18
Inventory / New Listings / Sales
652
642 601 579 537 550 570
Avg Selling Price divided by Avg Listing Price for sold properties during the month
640
684
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 .
781 803
91.7 %
830
802 753 716 679 672 690 717
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 M
15
16
17
18
779 784 801 828
91.0 %
816
795 732 710 682 687 651 647 651
3 Mo Avg
3 Mo Avg
655 672 686
91.8 %
696
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