FL ARCHIVED January 2017 | Page 210

Gulf Breeze Community Information | School District

Gulf Breeze 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 89 , up 23.6 % from 72 days last month and down 24.6 % from 118 days in January of last year . The January 2017 DOM was at its lowest 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 $ 127 was up 5.3 % from $ 121 last month and up 15.0 % from 111 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 96.7 % was equal to 96.7 % last month and down from 97.7 % in January of last year .
Days On Market for Sold Properties
180
160
140
120
112
118
100
89
80
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
150 145 140 135 130 125 120 115 110 105 100
100 % 98 % 96 % 94 % 92 % 90 % 88 %
111 111
F
M A M J
J
A
S O N D
J
F M A M J
J
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S O N D
J
F M A M J
J
A
S O N D
J
14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.7 %
97.7 %
3 Mo Avg
3 Mo Avg
127
96.7 %
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 122 , up 106.8 % from 59 last month and up 14.0 % from 107 in January of last year .
86 %
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
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17
Inventory / New Listings / Sales
600 500 400 300 200
474 489 504 521 518 498 507 507 525 520 507 559 534 517 497 516 474 458 448 422 413 400 399 405 426 419 420 381 367 355 329 308 315 293 283 295
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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