FL ARCHIVED September 2017 | Page 59

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 September was 144 , down 12.7 % from 165 days last month and up 19.0 % from 121 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
250
200
150
100
Days On Market for Sold Properties
129
121
3 Mo Avg
144
50
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 September 2017 Selling Price per Square Foot of $ 398 was down 3.8 % from $ 414 last month and down 9.1 % from 438 in September 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
98 %
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
96 %
of a Seller ' s market . The September 2017 Selling Price vs
94 %
Original List Price of 90.1 % was up from 88.8 % last month and up from 90.0 % in September of last year .
92 %
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 September 2017 was 31 , down 6.1 % from 33 last month and down 26.2 % from 42 in September of last year .
0
550 530 510 490 470 450 430 410 390 370 350
90 % 88 % 86 % 84 %
500 450 400 350 300 250 200 150 100 50 0
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 D
J
F M A M J
J
A S
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
389
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 D
J
F M A M J
J
A S
14
15
16
17
438
Selling Price versus Listing Price Ratio
91.2 %
398
90.0 % 90.1 %
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 D
J
F M A M J
J
A S
14
15
16
17
Inventory / New Listings / Sales
302 325 329 342 341 318 310
Avg Selling Price divided by Avg Listing Price for sold properties during the month
283 261 251 231 229 245
276
298 356 368 361 356
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 D
J
F M A M J
J
A S
14
15
16
17
335
309 287 277 284
333 360 377 408 427 437
413 388
3 Mo Avg
347
311 281 273 c o l d w e l l b a n k e r h o m e s . c o m | 59