FL ARCHIVED February 2017 | Page 24

Belleair Community Information | School District

Belleair Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 February was 72 , down 4.0 % from 75 days last month and down 30.1 % from 103 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
300
250
200
150
100
86
103
72
50
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 February 2017 Selling Price per Square Foot of $ 190 was up 19.3 % from $ 159 last month and down 5.3 % from 200 in February 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 February 2017 Selling Price vs Original List Price of 93.8 % was down from 94.6 % last month and up from 89.1 % in February of last year .
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Selling Price per Square Foot
3 Mo Avg
240 220 200 180 160 140 120 100
100 % 95 % 90 % 85 %
161
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200
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.9 %
89.1 %
3 Mo Avg
190
93.8 %
80 % 75 %
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 February 2017 was 19 , up 5.6 % from 18 last month and down 32.1 % from 28 in February of last year .
70 %
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Inventory / New Listings / Sales
120 100 80 60 40
102 100 102 96 94 98 92 87 97 92 88 92 104 98 98 101 99
90
82 93 89 86
78 86 81
71
75
68 68 73 73 76
69 69 72
62
20 0
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