FL ARCHIVED January 2017 | Page 111

Kendall Community Information | School District

Kendall 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 January was 0 , down 100.0 % from 62 days last month and down 100.0 % from 91 days in January of last year . The January 2017 DOM was at a mid level compared with January 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 January 2017 Selling Price per Square Foot of $ 0 was down 100.0 % from $ 238 last month and down 100.0 % from 140 in January 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 January 2017 Selling Price vs Original List Price of 0.0 % was down from 92.5 % last month and down from 95.3 % in January of last year .
Days On Market for Sold Properties
200
180
160
140
120
100
91
80
63
60
40
20
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
Selling Price per Square Foot
3 Mo Avg
240 220 200 180 160 140 120 100
110 % 105 % 100 % 95 %
136
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
140
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.2 % 95.3 %
3 Mo Avg
3 Mo Avg
90 % 85 %
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 1 , down 50.0 % from 2 last month and down 88.9 % from 9 in January of last year .
80 % 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
90 80 70 60 50 40 30 20 10 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
66 70 73
79
71
66 61 60 64 64
60
69
59 58
53 57
45 51
58 63
57
43 41 40
31
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