FL ARCHIVED March 2017 | Page 160

Market Action Report
City: Port St. Lucie
Port St. Lucie
March 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 March was 62, down 11.4% from
70 days last month and down 56.9% from 144 days in March of
last year. The March 2017 DOM was at its lowest level compared
with March of 2016 and 2015.
250
3 Mo Avg
230
200
144
150
100
62
50
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 March 2017 Selling Price per Square Foot of $106 was down
0.8% from $106 last month and up 36.8% from 77 in March of
last year.
150
140
130
120
110
100
90
80
70
60
50
3 Mo Avg
106
99
77
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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 March 2017 Selling Price vs Original
List Price of 98.9% was up from 96.3% last month and up from
89.4% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
98.9%
96.3%
100%
89.4%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
20
30
40
50
60
70
80
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 March 2017 was 11, up 57.1% from 7 last month and equal to 11
in March of last year.
10
0
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