FL ARCHIVED April 2017 | Page 80

Bonita Springs / Bonita Beach Community Information | School District

Bonita Springs / Bonita Beach 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 92 , down 3.2 % from 95 days last month and up 17.9 % from 78 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
140 120 100 80 60
94
78
92
40
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 $ 226 was down 15.9 % from $ 269 last month and down 4.2 % from 236 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 91.7 % was down from 93.5 % last month and down from 94.0 % 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 190 , down 22.8 % from 246 last month and down 39.7 % from 315 in April of last year .
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Selling Price per Square Foot
3 Mo Avg
290 270 250 230 210 190 170 150
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 %
220
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236
Selling Price versus Listing Price Ratio
94.1 % 94.0 %
89 %
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Inventory / New Listings / Sales
1,200
1,000 800 600
976 913 893 840 827 819
Avg Selling Price divided by Avg Listing Price for sold properties during the month
831 840 884 869 838 816 806 747 708 702 755 781 820 846 975 1,053 1,032 1,056 1,011 963 921 875 914 960 960 984
3 Mo Avg
1,079 1,101 1,061
226
91.7 %
990
400 200
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80 | c o l d w e l l b a n k e r h o m e s . c o m