Coconut Grove Community Information | School District
Coconut Grove 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 January was 244 , up 63.8 % from 149 days last month and up 398.0 % from 49 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 . |
300
250
200
150
100
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82 |
244 |
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 January 2017 Selling Price per Square Foot of $ 373 was down 7.1 % from $ 401 last month and down 7.3 % from 402 in January of last year .
0
550
500
450
400
350
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M A M J |
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F M A M J |
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F M A M J |
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14 |
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15 |
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16 |
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17 |
Selling Price per Square Foot |
3 Mo Avg |
405 402 373
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 January 2017 Selling Price vs Original List Price of 89.8 % was up from 87.5 % last month and down from 91.5 % in January of last year .
300
120 % 100 % 80 % 60 %
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15 |
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17 |
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.9 %
3 Mo Avg
91.5 % 89.8 %
40 % 20 %
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 January 2017 was 27 , up 170.0 % from 10 last month and down 25.0 % from 36 in January of last year .
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17 |
Inventory / New Listings / Sales |
250
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100
165
166 178 187 185 194 199 195 191 186 183 184 180 181 160 152 148 149 153 157 165 165
150 169 162 166 150 148 150 146 136 134 132 138 132 136
50
0
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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 | 107