Palm Beach Community Information | School District
Palm 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 167 , up 59.0 % from 105 days last month and up 32.5 % from 126 days in February of last year . The February 2017 DOM was at a mid level compared with February of 2016 and 2015 . |
250
200
150
100
|
113 |
126 |
167 |
|
50 |
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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 $ 591 was down 3.6 % from $ 613 last month and down 9.4 % from 652 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 85.3 % was down from 92.1 % last month and down from 87.8 % in February of last year .
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 74 , down 19.6 % from 92 last month and down 9.8 % from 82 in February of last year .
0
700 650 600 550 500 450 400 350
94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 % 74 %
700 600 500 400 300 200 100
0
|
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 N D |
J |
F |
14 |
|
|
|
15 |
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|
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|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
580
|
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 N D |
J |
F |
14 |
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|
|
15 |
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|
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|
16 |
|
|
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|
17 |
|
Selling Price versus Listing Price Ratio
90.3 %
|
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 N D |
J |
F |
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
588
549 512 504
470
Avg Selling Price divided by Avg Listing Price for sold properties during the month
652
87.8 %
3 Mo Avg
446 446 466 487 478 517 545 520 492 436 423 414 398 397 441 470 471 505 519 490 482
431 388 359 337 352 381
414 444 454 462
|
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 N D |
J |
F |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
591
85.3 %
c o l d w e l l b a n k e r h o m e s . c o m | 131