FL ARCHIVED January 2017 | Page 80

Bonita Springs / Bonita Beach Community Information | School District

Bonita Springs / Bonita Beach 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 98 , down 8.4 % from 107 days last month and up 32.4 % from 74 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
140 120 100 80 60
109
74
98
40
20
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 $ 246 was up 10.9 % from $ 222 last month and up 1.4 % from 243 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 93.9 % was up from 92.8 % last month and down from 95.0 % 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
15
16
17
Selling Price per Square Foot
3 Mo Avg
243
246
250 240 230 220 210 200 190 180 170 160 150
97 % 96 % 95 % 94 % 93 % 92 % 91 %
214
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 Avg Selling Price divided by Avg Listing Price for sold properties during the month
93.4 %
95.0 %
3 Mo Avg
93.9 %
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 335 , up 91.4 % from 175 last month and down 6.7 % from 359 in January of last year .
90 %
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
1,400 1,200 1,000 800 600
1,218 1,112 1,057 976 913 893 840 827 819 831 840 884 869 838 816 806 747 707 701 754 780 820 846 975 1,053 1,032 1,055 1,011 962 919 872 905 950 950 971 1,052
400 200
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
80 | c o l d w e l l b a n k e r h o m e s . c o m