FL ARCHIVED August 2017 | Page 70

Market Action Report County: Collier August 2017 Collier County Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 August was 106, down 8.6% from 116 days last month and up 3.9% from 102 days in August of last year. The August 2017 DOM was at a mid level compared with August of 2016 and 2015. 3 Mo Avg 140 120 106 102 94 100 80 60 40 20 0 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 M J J A 14 15 16 17 Selling Price per Square Foot 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 $253 was up 0.7% from $251 last month and up 7.1% from 236 in August of last year. 300 290 280 270 260 250 240 230 220 210 200 3 Mo Avg 253 236 233 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 M J J A 14 15 16 17 Selling Price versus Listing Price Ratio 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 92.5% was up from 91.7% last month and down from 92.7% in August of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 96% 95% 94.0% 94% 92.7% 93% 92.5% 92% 91% 90% 89% 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 M J J A 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 3,000 4,000 5,000 6,000 7,000 8,000 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