FL ARCHIVED August 2017 | Page 206

Gulf Breeze Community Information | School District

Gulf Breeze Community Information | School District

Market Time
180 The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward
160
trend in DOM tends to indicate a move towards more of a 140 Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for August was 62 , down 6.1 % from 66 days last month and down 13.9 % from 72 days in August of 100 last year . The August 2017 DOM was at its lowest level compared
80 with August of 2016 and 2015 . 60 40 20 0
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 August 2017 Selling Price per Square Foot of $ 133 was down 4.2 % from $ 139 last month and up 10.2 % from 120 in August 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 August 2017 Selling Price vs Original List Price of 97.5 % was up from 97.3 % last month and up from 95.8 % in August of last year .
150 145 140 135 130 125 120 115 110 105 100
100 % 98 % 96 % 94 % 92 % 90 % 88 %
Days On Market for Sold Properties
115
S
O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
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S O N D
J
F M A M J
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A
14
15
16
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Selling Price per Square Foot
3 Mo Avg
122
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 M J
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A
14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.6 %
72
120
95.8 %
3 Mo Avg
3 Mo Avg
62
133
97.5 %
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 August 2017 was 83 , down 39.4 % from 137 last month and down 4.6 % from 87 in August of last year .
86 %
600 500 400 300 200
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O N D
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F M A M J
J
A S O N D
J
F M A M J
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A S O N D
J
F M A M J
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A
14
15
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17
Inventory / New Listings / Sales
507 524 518 503 554 529 511 490 510 467 451 441 416 407 390 389 397 418 412 411 372 358 346 322 302 310 288 286 307 313 327 322 344 325 343
293
100 0
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
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F M A M J
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A
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