Longboat Key Community Information | School District
Longboat Key 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 201 , up 107.2 % from 97 days last month and up 47.8 % from 136 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
|
198 |
136 |
201 |
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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 $ 445 was down 5.1 % from $ 469 last month and up 0.2 % from 445 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 88.0 % was down from 90.7 % last month and down from 90.3 % in February of last year .
0 |
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M
A M J
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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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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
550 530 510 490 470 450 430 410 390 370 350
98 % 96 % 94 % 92 % 90 % 88 % 86 %
406
Selling Price versus Listing Price Ratio
445 445
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M
A M J
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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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16 |
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17 |
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
88.8 %
90.3 %
3 Mo Avg
88.0 %
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 73 , down 17.0 % from 88 last month and down 8.8 % from 80 in February of last year .
84 %
450 400 350 300 250 200 150 100 50 0
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M
A M J
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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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16 |
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17 |
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Inventory / New Listings / Sales |
381 390
368
342 304 293 290 302 325 329 342 341 318 310
283 261 251 231 229
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M
A M J
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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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16 |
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17 |
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245 276
298 356 368 361 356
335
309 287 277 284
333 360 377 406 415 c o l d w e l l b a n k e r h o m e s . c o m | 59