Longboat Key Community Information | School District
Longboat Key Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
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 97 , down 41.6 % from 166 days last month and down 27.1 % from 133 days in January of last year . The January 2017 DOM was at its lowest level compared with January of 2016 and 2015 . |
250
200
150
100
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132 133 |
97 |
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50 |
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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 $ 469 was up 17.5 % from $ 399 last month and up 26.2 % from 372 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 90.7 % was down from 91.3 % last month and down from 93.8 % in January of last year .
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 |
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15 |
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16 |
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17 |
Selling Price per Square Foot |
3 Mo Avg |
550 530 510 490 470 450 430 410 390 370 350
98 % 96 % 94 % 92 % 90 % 88 % 86 %
397
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 |
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15 |
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16 |
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17 |
372
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.1 %
93.8 %
3 Mo Avg
469
90.7 %
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 88 , up 51.7 % from 58 last month and down 15.4 % from 104 in January of last year .
84 %
450 400 350 300 250 200 150 100 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 |
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15 |
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16 |
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17 |
Inventory / New Listings / Sales |
398 381 390
368
342 304 293 290 302 325 329 342 341 318 310
283 261 251
231
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 |
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15 |
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16 |
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17 |
229 245
276
298 356 368 361 356
335
309 287 277 283
332 360 376
402 c o l d w e l l b a n k e r h o m e s . c o m | 59