FL ARCHIVED June 2017 | Page 20

CLEARWATER BEACH

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 June was 393 , up 64.4 % from 239 days last month and up 139.6 % from 164 days in June of last year . The June 2017 DOM was at a mid level compared with June of 2016 and 2015 .
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219
164
393
100
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 June 2017 Selling Price per Square Foot of $ 441 was up 13.7 % from $ 388 last month and down 0.9 % from 445 in June 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 June 2017 Selling Price vs Original List Price of 87.7 % was up from 80.8 % last month and up from 86.9 % in June of last year .
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Selling Price per Square Foot
3 Mo Avg
750 700 650 600 550 500 450 400 350
120 % 100 % 80 % 60 %
448 445 441
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.7 %
3 Mo Avg
86.9 % 87.7 %
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 June 2017 was 12 , up 9.1 % from 11 last month and up 9.1 % from 11 in June of last year .
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Inventory / New Listings / Sales
51 52 54 54 55 54 66 64 64 60 55 55
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54 49 52 56
62 57 58 60 64 67 67 72 71 77 78 77 76
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81 84 80 91 88 84
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