FL ARCHIVED February 2017 | Page 67

Siesta Key Community Information | School District

Siesta 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 119 , up 25.3 % from 95 days last month and down 18.5 % from 146 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
133
146
119
50
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
490
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
470
more normalized indicator on the direction of Property values .
The February 2017 Selling Price per Square Foot of $ 382 was
450
down 15.7 % from $ 453 last month and down 1.4 % from 387 in
430
February of last year .
410
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 90.7 % was down from 92.8 % last month and up from 90.5 % 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 80 , up 1.3 % from 79 last month and down 5.9 % from 85 in February of last year .
0
390 370 350
95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 % 85 %
450 400 350 300 250 200 150 100 50 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
374
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 versus Listing Price Ratio
89.3 %
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
390 399 390
340 320 315 313
Avg Selling Price divided by Avg Listing Price for sold properties during the month
308 309
328
370 399 408
377
337
326 288 273 269 275 296 282
323
387
382
90.5 % 90.7 %
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
353 366 371 357 350 323 315 313
346
3 Mo Avg
356 378 389 381 c o l d w e l l b a n k e r h o m e s . c o m | 67