FL ARCHIVED April 2018 | Page 54

CLEARWATER BEACH

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 90 , up 125.0 % from 40 days last month and down 51.1 % from 184 days in April of last year . The April 2018 DOM was at its lowest level compared with April of 2017 and 2016 .
600
500
400
300
200
Days On Market for Sold Properties
184
3 Mo Avg
100
93
90
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 2018 Selling Price per Square Foot of $ 510 was up 4.9 % from $ 486 last month and down 29.6 % from 724 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 2018 Selling Price vs Original List Price of 90.8 % was down from 94.4 % last month and up from 90.7 % in April of last year .
0
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
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
750 700 650 600 550 500 450 400 350
120 % 100 % 80 % 60 %
430
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 M J
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A S O N D
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F M A
15
16
17
18
724
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
91.7 % 90.7 % 90.8 %
510
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 2018 was 14 , up 55.6 % from 9 last month and down 39.1 % from 23 in April of last year .
0 % 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 15
16 17
18
Inventory / New Listings / Sales
100 90 80 70 60 50 40 30 20 10 0 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 15
16 17
18
55 55
61
55
49 52 56
62 57 58 60 63 66 66 71 70 76 78 78 77 82 85 82 93 90 88
79
72 73 75 85 85
80 89 85 81
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