FL ARCHIVED July 2017 | Page 26

TARPON SPRINGS

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 122 , down 26.5 % from 166 days last month and up from 0 days in July of last year . The July 2017 DOM was at its lowest level compared with July of 2016 and 2015 .
600
500
400
300
200
100
Days On Market for Sold Properties
3 Mo Avg
122
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 2017 Selling Price per Square Foot of $ 268 was up 54.1 % from $ 174 last month and up from 0 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 2017 Selling Price vs Original List Price of 93.1 % was up from 75.4 % last month and up from 0.0 % in July of last year .
0
350 330 310 290 270 250 230 210 190 170 150
120 % 100 % 80 % 60 % 40 % 20 %
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
J
F M A M J
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
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
J
F M A M J
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
J
268
J
93.1 %
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 2017 was 4 , up 33.3 % from 3 last month and up 33.3 % from 3 in July of last year .
30 25 20 15 10
0 %
16
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
J
F M A M J
14
15
16
17
Inventory / New Listings / Sales
18 20 19 18
16 16 15
17 21 22 21
16
14 14 14
12 11 12
15 17 18
14 14 14 13 14 13 14 15
18 20 20 22 22
J
24
5 0
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
J
F M A M J
14
15
16
17
J
26 | coldwellbankerluxury . com