FL ARCHIVED March 2017 | Page 150

Flagler County Community Information | School District

Flagler County 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 March was 82 , down 4.7 % from 86 days last month and down 10.9 % from 92 days in March of last year . The March 2017 DOM was at its lowest level compared with March of 2016 and 2015 .
120
100
80
60
40
85
92
82
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 March 2017 Selling Price per Square Foot of $ 129 was down 0.1 % from $ 129 last month and up 4.6 % from 123 in March 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 March 2017 Selling Price vs Original List Price of 96.3 % was down from 96.6 % last month and equal to 96.3 % in March 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 March 2017 was 358 , up 5.0 % from 341 last month and down 8.7 % from 392 in March of last year .
0
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
F M
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
150 140 130 120 110 100 90 80 70 60 50
105
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
F M
14
15
16
17
Selling Price versus Listing Price Ratio
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98 %
97 %
97 %
96.1 %
96.3 %
96.3 %
96 %
96 %
95 %
95 %
94 %
94 %
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
F M
14
15
16
17
Inventory / New Listings / Sales
1,600
1,400
1,200
1,000
800
600
400
200
0
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
F M
14
15
16
17
1,472 1,473 1,448 1,379 1,395 1,398 1,378 1,391 1,333 1,393 1,396 1,358 1,344 1,347 1,352 1,310
123
1,284 1,284 1,259 1,244 1,189 1,269 1,303 1,331 1,270 1,247 1,219 1,195 1,209 1,156 1,080 1,080 1,037 1,078 1,102 1,079
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