FL ARCHIVED January 2017 | Page 28

Clearwater Beach Community Information | School District

Clearwater Beach 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 113 , up 0.9 % from 112 days last month and down 18.1 % from 138 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 $ 337 was up 2.5 % from $ 329 last month and up 2.8 % from 328 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 92.6 % was up from 89.0 % last month and up from 92.5 % in January of last year .
Days On Market for Sold Properties
180
160
138
140
120
101
113
100
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
390 370 350 330 310 290 270 250
96 % 94 % 92 % 90 %
278
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
328
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.7 %
3 Mo Avg
3 Mo Avg
337
92.5 % 92.6 %
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 76 , up 33.3 % from 57 last month and down 6.2 % from 81 in January of last year .
88 % 86 % 84 %
350 300 250 200 150 100 50 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
Inventory / New Listings / Sales
313 323 324 316
295 277 276 281 283 298 293
314 287 297 293 282 267 275 275 262 266 285 274
300 316 317 322 327
310 325 315 320 327 331 325 329
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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