Panama City Beach Community Information | School District
Panama City 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 114 , down 11.6 % from 129 days last month and down 36.3 % from 179 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 . |
250
200
150
100
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131 |
179 |
114 |
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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 $ 248 was up 4.8 % from $ 237 last month and up 1.1 % from 245 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 93.9 % was equal to 93.9 % last month and up from 90.8 % 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 32 , down 8.6 % from 35 last month and down 17.9 % from 39 in February of last year .
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Selling Price per Square Foot |
3 Mo Avg |
350 330 310 290 270 250 230 210 190 170 150
102 % 100 % 98 % 96 % 94 % 92 % 90 % 88 % 86 %
257
Selling Price versus Listing Price Ratio
245 248
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17 |
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92.2 %
84 % |
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A M J
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A S O N D |
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F M A M J |
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14 |
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17 |
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Inventory / New Listings / Sales |
350 300 250 200 150 100 50
193 203 215 212 215 225 238
Avg Selling Price divided by Avg Listing Price for sold properties during the month
90.8 %
3 Mo Avg
256 256 242 255 241 240
261 276 282 283 297 295 278 267 265 267 272 267 267 262 250 264 264 277 287 276
259 242
226
93.9 %
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190 | c o l d w e l l b a n k e r h o m e s . c o m