Fort Lauderdale / Fort Lauderdale Beach Community Information | School District
Fort Lauderdale / Fort Lauderdale Beach 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 90 , down 1.1 % from 91 days last month and down 3.2 % from 93 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 . |
140 120 100 80 60 |
94 93 |
90 |
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40 |
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20 |
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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 $ 258 was up 3.1 % from $ 250 last month and up 0.9 % from 256 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 94.6 % was up from 93.2 % last month and equal to 94.6 % 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 589 , down 17.0 % from 710 last month and down 16.5 % from 705 in February of last year .
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A M J
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S O N D |
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F M A M J |
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S O N D |
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F M A M J |
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S O N D |
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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 |
300 290 280 270 260 250 240 230 220 210 200
96 % 96 % 95 % 95 % 94 % 94 % 93 % 93 % 92 %
243
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A M J
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J |
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S O N D |
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F M A M J |
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S O N D |
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F M A M J |
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14 |
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16 |
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256
Selling Price versus Listing Price Ratio
93.9 %
258
94.6 % 94.6 %
92 % |
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A M J
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A S O N D |
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F M A M J |
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A S O N D |
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F M A M J |
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A S O N D |
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14 |
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15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
3,000 2,500 2,000 1,500 1,000
500
2,231 2,269 2,232 2,224 2,236 2,238
Avg Selling Price divided by Avg Listing Price for sold properties during the month
2,313
3 Mo Avg
2,395 2,395 2,343 2,521 2,596 2,459 2,439 2,369 2,324 2,310 2,258 2,233 2,322 2,363 2,308
2,479 2,716 2,697 2,699 2,638 2,567 2,474 2,402 2,271 2,273 2,297 2,227 2,366 2,330
0
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A M J
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A S O N D |
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F M A M J |
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A S O N D |
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F M A M J |
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14 |
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15 |
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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 | 93