Bell Community Information | School District
Bell Community Information | School District
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 September was 64 , up 60.0 % from 40 days last month and down 16.9 % from 77 days in September of last year . The September 2017 DOM was at its lowest level compared with September of 2016 and 2015 .
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 September 2017 Selling Price per Square Foot of $ 91 was up 6.5 % from $ 86 last month and up 23.1 % from 74 in September 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 |
99 % |
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 |
98 % |
of a Seller ' s market . The September 2017 Selling Price vs |
97 % |
Original List Price of 95.0 % was down from 97.9 % last month and down from 96.3 % in September of last year . |
96 % |
90 80 70 60 50 40 30 20 10 0
100 95 90 85 80 75 70 65 60 55 50
95 % 94 % 93 %
Days On Market for Sold Properties
76 77
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14 |
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15 |
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16 |
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Selling Price per Square Foot
77
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.1 %
74
96.3 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
64
91
95.0 %
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 September 2017 was 51 , down 23.9 % from 67 last month and down 86.8 % from 387 in September of last year .
92 %
1,600 1,400 1,200 1,000 800 600 400 200
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1,307
1,305 1,227 1,230 1,248 1,246 1,253 1,230 1,305 1,312
Inventory / New Listings / Sales
1,345 1,306 1,319 1,307 1,266 1,290 1,333 1,291 1,301
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1,302 1,300 1,261 1,239 1,234 1,179 1,136 1,034 1,050 1,082 1,102 1,087 1,053 1,070 1,006 1,013 994
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