Coral Springs Community Information | School District
Coral Springs 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 65 , equal to 65 days last month and down 15.6 % from 77 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 $ 148 was up 2.5 % from $ 145 last month and up 10.9 % from 134 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 96.5 % was down from 97.0 % last month and up from 95.3 % in February of last year .
Days On Market for Sold Properties
100 |
|
|
90 |
|
|
80 |
75 |
77 |
70 |
65 |
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 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
98 % 97 % 96 % 95 % 94 % 93 % 92 %
129
|
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 |
|
134
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.7 %
95.3 %
3 Mo Avg
3 Mo Avg
148
96.5 %
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 207 , down 5.0 % from 218 last month and down 27.4 % from 285 in February of last year .
91 % |
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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 |
1,200
1,000 800 600
836 876 914 958 1,025 999 978 936 935 905 932 862 855 821 814 842 832 779 755 770 701 660
715 792 819 832 784 771 771
668
400 200
534
422 413 402 418 402
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 |
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c o l d w e l l b a n k e r h o m e s . c o m | 91