FL ARCHIVED July 2017 | Page 52

MARCO ISLAND

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 143 , up 24.3 % from 115 days last month and up 19.2 % from 120 days in July of last year . The July 2017 DOM was at a mid level compared with July of 2016 and 2015 .
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 $ 494 was up 5.1 % from $ 470 last month and down 11.3 % from 557 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 86.9 % was down from 88.8 % last month and up from 86.3 % in July of last year .
500 450 400 350 300 250 200 150 100 50 0
700 650 600 550 500 450 400 350 300
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
167
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
J
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S O N D
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F M A M J
14
15
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Selling Price per Square Foot
3 Mo Avg
120
551 557
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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
J
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S O N D
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F M A M J
14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
3 Mo Avg
87.4 % 86.3 % 86.9 %
143
J
494
J
40 % 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 July 2017 was 18 , equal to 18 last month and down 18.2 % from 22 in July of last year .
300 250 200 150
0 %
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S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
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F M A M J
14
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17
Inventory / New Listings / Sales
169
168 181 188 197 222 211 217 218 219 202 196 188 190 188 216 221 248 260
285 261
245 228 221 221 223 229 247 247 248 255 247 240
J
219 207 204
100 50 0
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
J
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S O N D
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F M A M J
14
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17
J
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