LONGBOAT KEY
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 December was 247 , up 54.4 % from 160 days last month and up 22.9 % from 201 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 . |
350 300 250 200 150 100 |
Days On Market for Sold Properties
182
201
|
3 Mo Avg
247
|
|
50 |
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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 December 2017 Selling Price per Square Foot of $ 493 was down 30.1 % from $ 705 last month and down 4.7 % from 518 in December 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 December 2017 Selling Price vs Original List Price of 88.6 % was down from 91.0 % last month and up from 86.9 % in December of last year .
0 |
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 S O N D |
15 |
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|
16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
850 800 750 700 650 600 550 500 450
140 % 120 % 100 % 80 % 60 % 40 %
722
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 S O N D |
15 |
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16 |
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17 |
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|
518
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
87.5 % 86.9 % 88.6 %
493
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 December 2017 was 14 , down 22.2 % from 18 last month and down 36.4 % from 22 in December of last year .
0 % |
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 S O N D |
15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
160 140 120 100 80 60 40 20 0
117 110 109 102 94 94 88 84 86
99 113 117
141
150 140 136 126 120
109
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 S O N D |
15 |
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|
16 |
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|
17 |
|
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108 104
121 132 138 142 141 146
134
118
104
88 90 88 103 103 108
Coldwell Banker Global Luxury SM | 37