FL ARCHIVED April 2016 | Page 20

Belleair Community Information | School District

Belleair Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 April was 132 , up 388.9 % from 27 days last month and up from 0 days in April of last year . The April 2016 DOM was at its lowest level compared with April of 2015 and 2014 .
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100
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 April 2016 Selling Price per Square Foot of $ 418 was down 30.1 % from $ 598 last month and up from 0 in April of last year .
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Selling Price per Square Foot
3 Mo Avg
244
418
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 April 2016 Selling Price vs Original List Price of 88.6 % was down from 95.8 % last month and up from 0.0 % in April of last year .
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
75.7 %
3 Mo Avg
88.6 %
40 % 20 %
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 April 2016 was 6 , up 100.0 % from 3 last month and up 200.0 % from 2 in April of last year .
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Inventory / New Listings / Sales
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10 5 0
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20 | c o l d w e l l b a n k e r h o m e s . c o m