Venice Community Information | School District
Venice 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 75 , up 13.6 % from 66 days last month and up 27.1 % from 59 days in February of last year . The February 2017 DOM was at a mid 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 $ 174 was up 6.2 % from $ 164 last month and up 12.0 % from 155 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 94.3 % was down from 94.9 % last month and down from 95.3 % 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 336 , down 12.3 % from 383 last month and down 2.3 % from 344 in February of last year .
Days On Market for Sold Properties
90 |
|
|
80 |
71 |
75 |
70 |
|
|
59 |
60 |
50 |
40 |
30 |
20 |
10 |
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 |
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15 |
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16 |
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17 |
|
Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
144
|
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 |
|
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|
15 |
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16 |
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17 |
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Selling Price versus Listing Price Ratio
98 % 97 % 96 %
95.3 %
95 %
93.8 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 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
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
903 873
818 746 709
658
Avg Selling Price divided by Avg Listing Price for sold properties during the month
685 671 694 720 749 742 742
689
642 565 550 499 503 524 595 617
155
3 Mo Avg
3 Mo Avg
723 793
847 771 751 725 696 694 690
751 815 850
174
94.3 %
947 945 c o l d w e l l b a n k e r h o m e s . c o m | 69