Venice Community Information | School District
Venice 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 67 , up 6.3 % from 63 days last month and up 13.6 % from 59 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 $ 163 was up 2.2 % from $ 160 last month and up 0.7 % from 162 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 94.8 % was down from 95.2 % last month and down from 95.1 % 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 382 , up 49.8 % from 255 last month and up 14.0 % from 335 in January of last year .
Days On Market for Sold Properties
90 |
83 |
80 |
70 |
67 |
59 |
60 |
50 |
40 |
30 |
20 |
10 |
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 |
200 190 180 170 160 150 140 130 120 110 100
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %
1,200
1,000 800 600 400 200
136
Selling Price versus Listing Price Ratio
162 163
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 |
Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.7 %
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 |
980 903 873
818 746 709 658 685 671 694 720 749 742 742 689 642 565 550 499 503 524 595 617
723 793
847 771 751 725 695 693 689
749 808 840
927
95.1 %
3 Mo Avg
3 Mo Avg
94.8 %
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 |
|
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|
17 |
c o l d w e l l b a n k e r h o m e s . c o m | 69