FL ARCHIVED October 2016 | Page 27

Bradenton Community Information | School District

Bradenton 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 October was 146 , down 37.1 % from 232 days last month and down 37.3 % from 233 days in October of last year . The October 2016 DOM was at its lowest level compared with October of 2015 and 2014 .
700 600 500 400 300 200
206
233
146
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 October 2016 Selling Price per Square Foot of $ 286 was down 38.5 % from $ 466 last month and down 1.9 % from 292 in October 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 October 2016 Selling Price vs Original List Price of 83.9 % was down from 90.1 % last month and down from 84.9 % in October of last year .
0
600 550 500 450 400 350 300 250 200 150
120 % 100 % 80 % 60 %
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
J
A
S O
13
14
15
16
Selling Price per Square Foot
3 Mo Avg
229
Selling Price versus Listing Price Ratio
292 286
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
J
A
S O
13
14
15
16
Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
84.9 % 84.9 % 83.9 %
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 October 2016 was 7 , up 133.3 % from 3 last month and up 40.0 % from 5 in October of last year .
80 70 60 50 40 30 20 10 0
0 %
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
J
A S O
13
14
15
16
Inventory / New Listings / Sales
43 43 45 49 50 53 50 52 52 54 62 61 64 63 67 70 70 70
62 60 60 56 55 55 56 60 62 63 66 63
58 60
66 62 62
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
J
A
S O
13
14
15
16
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