FL ARCHIVED January 2017 | Page 24

Belleair Community Information | School District

Belleair 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 75 , down 29.2 % from 106 days last month and equal to 75 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 .
300
250
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150
100
50
Days On Market for Sold Properties
3 Mo Avg
75 75 75
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 $ 159 was down 19.7 % from $ 198 last month and down 34.0 % from 241 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 94.6 % was up from 90.7 % last month and down from 97.5 % in January of last year .
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Selling Price per Square Foot
3 Mo Avg
240 220 200 180 160 140 120 100
100 % 95 % 90 % 85 %
119
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241
Selling Price versus Listing Price Ratio
Avg Selling Price divided by Avg Listing Price for sold properties during the month 97.5 %
93.0 %
3 Mo Avg
159
94.6 %
80 % 75 %
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 18 , up 12.5 % from 16 last month and up 20.0 % from 15 in January of last year .
70 %
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Inventory / New Listings / Sales
120 100 80 60
101 102 100 102 96 94 98 92 87 97 92 88 92 104 98 98 101 99
90
82 93 89 86
78 86 81
71
75
68 68 73 73 76
69 69 70
40 20 0
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24 | c o l d w e l l b a n k e r h o m e s . c o m