Longboat Key Community Information | School District
Longboat Key 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 November was 151 , down 34.1 % from 229 days last month and up 4.1 % from 145 days in November of last year . The November 2016 DOM was at a mid level compared with November of 2015 and 2014 .
300
250
200
150
100
50
Days On Market for Sold Properties
3 Mo Avg
144 145 151
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 November 2016 Selling Price per Square Foot of $ 475 was down 9.9 % from $ 527 last month and down 18.5 % from 582 in November 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 November 2016 Selling Price vs Original List Price of 88.2 % was down from 88.8 % last month and down from 95.4 % in November of last year .
0
850 800 750 700 650 600 550 500 450 400
140 % 120 % 100 % 80 % 60 %
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 J A S O N 13 14
15 16
Selling Price per Square Foot
3 Mo Avg
D J 13 14
657
F M A M J |
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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 |
A |
S O N |
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15 |
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16 |
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582
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.7 % 95.4 %
3 Mo Avg
475
88.2 %
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 November 2016 was 26 , down 10.3 % from 29 last month and down 3.7 % from 27 in November of last year .
0 %
160 140 120 100 80 60 40 20 0
102
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 J A S O N 13 14
15
16 Inventory / New Listings / Sales
111
D J
13 14
119 113 113 104 99 97 97 94 96 101 114 117 110 109 102 94 94 88 84 86
99 113 117
141
151 141 137 128 122 111 110 107
F M A M J |
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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 |
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S O N |
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15 |
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16 |
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