FL ARCHIVED October 2016 | Page 33

Longboat Key Community Information | School District

Longboat Key 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 229 , up 110.1 % from 109 days last month and up 990.5 % from 21 days in October of last year . The October 2016 DOM was at a mid level compared with October of 2015 and 2014 .
300
250
200
150
100
147
229
50
21
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 $ 527 was down 9.0 % from $ 579 last month and up 2.7 % from 513 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 88.8 % was down from 89.2 % last month and down from 116.1 % in October of last year .
0
850 800 750 700 650 600 550 500 450 400
140 % 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
521 513
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 versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.4 %
116.1 %
3 Mo Avg
527
88.8 %
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 29 , up 383.3 % from 6 last month and up 31.8 % from 22 in October of last year .
0 %
160 140 120 100 80 60 40 20 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
99 102
111 119 113 113 104 99 97 97 94 96 101 114 117 110 109 102 94 94 88 84 86
99 113 117
141
151 141 137 128 122 111 109 107
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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