FL ARCHIVED February 2017 | Page 212

Navarre Community Information | School District

Navarre 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 February was 106 , up 29.3 % from 82 days last month and down 4.5 % from 111 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
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 $ 139 was up 11.3 % from $ 125 last month and up 19.0 % from 116 in February of last year .
160 140 120 100 80 60 40 20
Days On Market for Sold Properties
Selling Price vs Original Listings Price
Selling Price versus Listing Price Ratio
3 Mo Avg
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their
99 %
Avg Selling Price divided by Avg Listing Price for sold properties during the month
original list price . The lower the ratio is below 100 % the more of
98 %
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 95.9 % was down from 96.3 % last month and up
97 %
96 %
96.1 %
95.2 %
from 95.2 % in February of last year .
95 %
94 %
93 %
92 %
91 %
90 %
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
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 143 , up 6.7 % from 134 last month and down 20.1 % from 179 in February of last year .
1,000
900
800
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
16
17
122
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
Selling Price per Square Foot
3 Mo Avg
150 145 140 135 130 125 120 115 110 105 100
114
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
822 884 875 875 870
825 772 790 776 785 820 818 855 857 819 841
783
111
116
3 Mo Avg
106
139
95.9 %
709 674 679 651 616 600 615 591 566 594 587 524 510 499 505 488 453 406 384
212 | c o l d w e l l b a n k e r h o m e s . c o m