FL ARCHIVED July 2017 | Page 54

NAPLES

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 172 , down 0.6 % from 173 days last month and up 39.8 % from 123 days in July of last year . The July 2017 DOM was at a mid level compared with July of 2016 and 2015 .
250
200
150
100
165
123
172
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 $ 624 was up 3.2 % from $ 605 last month and down 11.5 % from 705 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 87.9 % was down from 88.8 % last month and down from 90.8 % in July of last year .
0
750 730 710 690 670 650 630 610 590 570 550
96 % 94 % 92 % 90 % 88 % 86 % 84 %
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
617
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
705
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.3 % 90.8 %
3 Mo Avg
J
624
J
87.9 %
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 104 , down 1.9 % from 106 last month and up 18.2 % from 88 in July of last year .
82 %
1,600 1,400 1,200 1,000 800 600 400 200
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
Inventory / New Listings / Sales
752 754 812 871 908 984 991 1,004 965 929 896 862 836 844 895 970 1,012
1,123
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
1,202 1,225 1,200 1,153 1,118 1,066 1,040 1,074
1,144 1,239 1,261 1,385 1,420 1,409 1,350
1,233 1,109
J
1,015
J
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