FL ARCHIVED July 2016 | Page 51

Englewood Community Information | School District

Englewood 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 July was 221 , up from 0 days last month and up 5.2 % from 210 days in July of last year . The July 2016 DOM was at a mid level compared with July of 2015 and 2014 .
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 July 2016 Selling Price per Square Foot of $ 499 was up 14.3 % from $ 436 last month and down 5.4 % from 527 in July 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 July 2016 Selling Price vs Original List Price of 84.8 % was up from 0.0 % last month and down from 85.1 % in July of last year .
1,400 1,200 1,000 800 600 400 200
0 -200
950 850 750 650 550 450 350 250 150
120 % 100 % 80 % 60 % 40 % 20 %
Days On Market for Sold Properties
155
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S
O N D
J
F M A M J
J
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O N D
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F M A M J
J
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O N D
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F M A M J
J
13
14
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Selling Price per Square Foot
3 Mo Avg
315
Selling Price versus Listing Price Ratio
210 221
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O N D
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F M A M J
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
67.3 %
527
3 Mo Avg
3 Mo Avg
499
85.1 % 84.8 %
J
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 July 2016 was 3 , down 25.0 % from 4 last month and equal to 3 in July of last year .
70 60 50 40 30 20
0 %
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F M A M J
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Inventory / New Listings / Sales
52
49 52 51
55 61 60 60 59 58
54
53 50 48 52 54 53 54
57
46
45
37 35 35
30 36 36 39 38 40 40 37 35 35
30
29
10 0
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O N D
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F M A M
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