FL ARCHIVED April 2017 | Page 56

MARCO ISLAND

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 April was 166 , down 15.3 % from 196 days last month and up 28.7 % from 129 days in April of last year . The April 2017 DOM was at a mid level compared with April 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 April 2017 Selling Price per Square Foot of $ 487 was up 0.8 % from $ 483 last month and down 3.9 % from 507 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 87.0 % was down from 89.6 % last month and up from 84.2 % in April of last year .
Days On Market for Sold Properties
500
450
400
350
300
250
200
166
150
136
129
100
50
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Selling Price per Square Foot
3 Mo Avg
700 650 600 550 500 450 400 350 300
120 % 100 % 80 % 60 %
522
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507
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.1 % 84.2 %
3 Mo Avg
3 Mo Avg
487
87.0 %
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 2017 was 21 , down 25.0 % from 28 last month and up 10.5 % from 19 in April of last year .
0 %
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Inventory / New Listings / Sales
350 300 250 200 150 100
187 175 176 169 168 181 188 197 222 211 217 218 219 202 196 188 190 188 216 221 248 260
286 262
246 229 222 222 224 230 249 249 251 257 248 241
50 0
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