FL ARCHIVED January 2017 | Page 109

Coral Gables Community Information | School District

Coral Gables Community Information | School District

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for January was 98 , up 12.6 % from 87
100
days last month and down 16.2 % from 117 days in January of last
year . The January 2017 DOM was at its lowest level compared
80
with January of 2016 and 2015 .
60
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
440
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
420
more normalized indicator on the direction of Property values .
The January 2017 Selling Price per Square Foot of $ 364 was
400
down 0.5 % from $ 366 last month and down 2.9 % from 375 in
380
January of last year .
360
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 92.3 % was up from 91.9 % last month and up from 90.7 % in January 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 January 2017 was 146 , up 52.1 % from 96 last month and down 14.6 % from 171 in January of last year .
40 20 0
340 320 300
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 %
700 600 500 400
Days On Market for Sold Properties
133
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 M A M J
J
A
S O N D
J
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
403
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 M A M J
J
A
S O N D
J
14
15
16
17
Selling Price versus Listing Price Ratio
94.2 %
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 M A M J
J
A S O N D
J
14
15
16
17
Inventory / New Listings / Sales
528 543 536 523 550 555 531
Avg Selling Price divided by Avg Listing Price for sold properties during the month
517 542 538
501 535 546 526 532 517 504 505 508 510 527 507 488
117
375
90.7 %
534 567 591 614 616 612 603 604 623
3 Mo Avg
3 Mo Avg
609 591 565
98
364
92.3 %
581
300 200 100
0
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 M A M J
J
A
S O N D
J
14
15
16
17
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