FL ARCHIVED March 2017 | Page 212

Navarre Community Information | School District

Navarre 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 March was 74 , down 29.5 % from
100
105 days last month and down 25.3 % from 99 days in March of
last year . The March 2017 DOM was at its lowest level compared
80
with March 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 March 2017 Selling Price per Square Foot of $ 138 was up 0.4 % from $ 138 last month and up 14.9 % from 120 in March of last year .
40 20
Days On Market for Sold Properties
101 99
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
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F M
14
15
16
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Selling Price per Square Foot
3 Mo Avg
150 145 140 135 130 125 120 115 110 105 100
Selling Price vs Original Listings Price
Selling Price versus Listing Price Ratio
3 Mo Avg
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their
99 %
Avg Selling Price divided by Avg Listing Price for sold properties during the month
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 96.9 % was up from 96.1 % last month and up from
98 %
97 %
96 %
95.1 %
96.6 %
96.9 %
96.6 % in March of last year .
95 %
94 %
93 %
92 %
91 %
90 %
A
M J
J
A S O N D
J
F M A M J
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A S O N D
J
F M A M J
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A S O N D
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F M
14
15
16
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Inventory / New Listings / Sales
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 192 , up 28.0 % from 150 last month and up 13.6 % from 169 in March of last year .
1,000
900
800
700
600
500
400
300
200
100
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
110
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
884 875 875 870
825 772 790 776 785 820 818 855 857 819 841
783
120
3 Mo Avg
709 674 679 651 616 600 615 591 566 595 588 526 513 504 512 496 464 422 408 403
74
138
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