FL ARCHIVED January 2017 | Page 32

St . Pete Beach Community Information | School District

St . Pete Beach Community Information | School District

Market Time
160
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
120
Seller ' s market . The DOM for January was 123 , up 28.1 % from
100
96 days last month and up 68.5 % from 73 days in January of last
year . The January 2017 DOM was at a mid level compared with
80
January of 2016 and 2015 .
60
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 $ 292 was up 1.6 % from $ 287 last month and down 1.9 % from 298 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 92.2 % was up from 91.2 % last month and down from 93.9 % in January of last year .
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 53 , up 65.6 % from 32 last month and down 17.2 % from 64 in January of last year .
40 20 0
400 380 360 340 320 300 280 260 240 220 200
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 %
250
200
150
100
Days On Market for Sold Properties
83
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
320
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
93.2 %
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
198 180 173 164
146 134 135
Avg Selling Price divided by Avg Listing Price for sold properties during the month
126 128 131 138 150 149 148 145 140 135 134 127 135 128 131 134
73
298
93.9 %
150 168 167 150 154 147
119 112
130
3 Mo Avg
3 Mo Avg
134 149 143
123
292
92.2 %
157
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
32 | c o l d w e l l b a n k e r h o m e s . c o m