FL ARCHIVED July 2017 | Page 47

SIESTA KEY

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 July was 230 , up 173.8 % from 84 days last month and up 12.7 % from 204 days in July of last year . The July 2017 DOM was at a mid level compared with July of 2016 and 2015 .
300
250
200
150
100
152
204
230
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 July 2017 Selling Price per Square Foot of $ 539 was up 22.6 % from $ 440 last month and down 0.1 % from 540 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 82.2 % was down from 87.9 % last month and down from 87.1 % in July of last year .
0
850 800 750 700 650 600 550 500 450 400
100 % 95 % 90 % 85 %
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
517
Selling Price versus Listing Price Ratio
540 539
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
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F M A M J
14
15
16
17
Avg Selling Price divided by Avg Listing Price for sold properties during the month
85.2 %
87.1 %
3 Mo Avg
J
J
82.2 %
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 July 2017 was 12 , up 9.1 % from 11 last month and up 20.0 % from 10 in July of last year .
70 %
200 180 160 140 120 100 80 60 40 20 0
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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
96 94 93 95 97 106 122 125 119 107 98 91 82 83 87 95 93 105
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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
116 122 130 125 130
117 106 101
119
133 149 157 173 172 170 163
154
J
136
J
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