FL ARCHIVED February 2017 | Page 129

Community Information | School District

Jupiter / Jupiter 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 February was 88 , down 2.2 % from 90 days last month and down 5.4 % from 93 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 .
120
100
80
60
40
86
93
88
20
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 February 2017 Selling Price per Square Foot of $ 217 was down 12.2 % from $ 247 last month and down 3.2 % from 224 in February 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 February 2017 Selling Price vs Original List Price of 94.1 % was down from 94.2 % last month and up from 93.3 % in February of last year .
0
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A M J
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Selling Price per Square Foot
3 Mo Avg
290 270 250 230 210 190 170 150
96 % 95 % 94 % 93 %
209
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A M J
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224
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.2 %
93.3 %
3 Mo Avg
217
94.1 %
92 % 91 %
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 February 2017 was 238 , down 18.2 % from 291 last month and up 0.8 % from 236 in February of last year .
90 %
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Inventory / New Listings / Sales
1,000 900 800 700 600 500 400 300 200 100
0
950
941 889 872 854 853 827 860 845 824
876 928 892
850 788 779 721 695 685
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A M J
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F M A M J
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715 735 739 806 845 856 860
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