FL ARCHIVED October 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 October was 272 , down 41.0 % from 461 days last month and down 42.7 % from 475 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
600
500
400
300
200
289
475
272
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 2017 Selling Price per Square Foot of $ 427 was up 14.8 % from $ 372 last month and down 32.4 % from 632 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 2017 Selling Price vs Original List Price of 83.0 % was up from 76.9 % last month and down from 87.4 % in October of last year .
0
750 700 650 600 550 500 450 400 350
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
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
522
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
14
15
16
17
632
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.6 % 87.4 %
3 Mo Avg
427
83.0 %
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 2017 was 10 , up 66.7 % from 6 last month and equal to 10 in October of last year .
40 % 20 % 0 %
100 90 80 70 60 50 40 30 20 10 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
14
15
16
17
Inventory / New Listings / Sales
55
54 66 64 64 60 55 55
61
54 49 52 56
62 57 58 60 64 67 67 72 71 77 78 77 76 81 84 82 93 90 88
79
72 73 75
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
14
15
16
17
20 | coldwellbankerluxury . com