FL ARCHIVED July 2017 | Page 58

BONITA SPRINGS / BONITA BEACH

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 263 , up 102.3 % from 130 days last month and up 110.4 % from 125 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 $ 404 was down 9.2 % from $ 445 last month and down 24.0 % from 531 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 85.0 % was down from 88.7 % last month and up from 84.8 % in July of last year .
400 350 300 250 200 150 100 50 0
750 700 650 600 550 500 450 400 350 300
120 % 100 % 80 % 60 %
Days On Market for Sold Properties
55
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S O N D
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F M A M J
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S O N D
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F M A M J
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F M A M J
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Selling Price per Square Foot
3 Mo Avg
474
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S O N D
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F M A M J
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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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125
531
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.1 %
3 Mo Avg
3 Mo Avg
263
J
404
84.8 % 85.0 %
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 4 , down 63.6 % from 11 last month and down 66.7 % from 12 in July of last year .
0 %
200 180 160 140 120 100 80 60 40 20 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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Inventory / New Listings / Sales
120 131 139 140 138
154 143 142 136
124 114 112 108 114 130 131 131 167 171 166 175 169
157 144 140 142
152 143 146
155 146 143
134
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120 117 109
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S O N D
J
F M A M J
J
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S O N D
J
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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