FL ARCHIVED April 2017 | Page 72

Collier County Community Information | School District

Collier County 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 108 , up 2.9 % from 105 days last month and up 25.6 % from 86 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
120
100
80
60
40
87 86
108
20
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 2017 Selling Price per Square Foot of $ 290 was up 1.4 % from $ 286 last month and up 1.7 % from 285 in April 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 April 2017 Selling Price vs Original List Price of 92.2 % was down from 92.4 % last month and down from 93.6 % in April 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 April 2017 was 1,205 , down 20.3 % from 1,512 last month and down 18.1 % from 1,471 in April of last year .
0
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Selling Price per Square Foot
3 Mo Avg
300 290 280 270 260 250 240 230 220 210 200
96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 % 92 % 91 % 91 % 90 %
8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
0
258
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S O N D
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F M A M J
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14
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Selling Price versus Listing Price Ratio
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
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F M A
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Inventory / New Listings / Sales
5,044 4,845 4,619 4,551 4,517 4,808
Avg Selling Price divided by Avg Listing Price for sold properties during the month
4,944 5,089 5,405 5,439 5,314
285
93.6 % 93.6 %
5,072 4,789 4,584 4,399 4,290 4,270 4,556 4,909 5,108
5,836 6,308 6,413 6,391 6,149 5,930 5,641 5,554 5,713 6,005 6,388 6,495
3 Mo Avg
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 A
14
15
16
17
6,986 7,141 7,020
290
92.2 %
6,593
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