FL ARCHIVED February 2017 | Page 179

Heathrow Community Information | School District

Heathrow 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 1 , down 90.0 % from 10 days last month and down 99.1 % from 115 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
200
150
100
50
36
115
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 $ 166 was down 8.1 % from $ 181 last month and up 13.0 % from 147 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 98.9 % was up from 97.3 % last month and up from 89.9 % 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 2 , down 71.4 % from 7 last month and down 71.4 % from 7 in February of last year .
0
-50
200 190 180 170 160 150 140 130 120 110 100
100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 %
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
Selling Price per Square Foot
164
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
147
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
99.1 %
82 %
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
30 25 20 15 10
13
11 15
18 20
22 24
17 20
16 22
24 26 25 25 26 25 24
22
19 19
89.9 %
21
17 17 18 18
16
11 11
13
3 Mo Avg
3 Mo Avg
11
1
166
98.9 %
5
9
7
7 9 9
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
16
17
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