Pace Community Information | School District
Pace 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 63 , down 37.0 % from 100 days last month and down 65.0 % from 180 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 $ 94 was down 4.0 % from $ 98 last month and up 4.1 % from 90 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 98.2 % was down from 98.4 % last month and up from 95.0 % in January of last year .
Days On Market for Sold Properties
200 |
180 |
180 |
160 |
140 |
120 |
106 |
100 |
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 |
100 95 90 85 80 75 70 65 60 55 50
100 % 98 % 96 % 94 % 92 % 90 %
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 |
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.8 %
90
95.0 %
3 Mo Avg
3 Mo Avg
94
98.2 %
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 105 , up 47.9 % from 71 last month and up 29.6 % from 81 in January of last year .
88 % |
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 |
450 400 350 300 250 200 150 100 50 0
365
375 414 411 404
380 353 357 332 316 307 334 321 336 334 368 358 356 353
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 |
356
338 316 325 342 322 330 320 328 330 313 299 312 288 277 281 283
214 | c o l d w e l l b a n k e r h o m e s . c o m