AUS ARCHIVED July 2016 | Page 16

Bell Community Information | School District

Bell 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 July was 62 , down 17.3 % from 75 days last month and down 18.4 % from 76 days in July of last year . The July 2016 DOM was at its lowest level compared with July of 2015 and 2014 .
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 July 2016 Selling Price per Square Foot of $ 80 was down 0.4 % from $ 80 last month and up 4.6 % from 76 in July of last year .
100 90 80 70 60 50 40 30 20 10 0
100 95 90 85 80 75 70 65 60 55 50
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 98 % original list price . The lower the ratio is below 100 % the more of
97 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The July 2016 Selling Price vs Original List 96 % Price of 97.1 % was up from 96.2 % last month and up from 96.0 % in July of last year . 95 % 94 % 93 % 92 %
Days On Market for Sold Properties
89
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 A M
J
J
13
14
15
16
Selling Price per Square Foot
74
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 A M
J
J
13
14
15
16
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.6 %
76
76
96.0 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
62
80
97.1 %
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 July 2016 was 407 , down 12.8 % from 467 last month and down 8.5 % from 445 in July of last year .
91 %
1,600 1,400 1,200 1,000 800 600 400 200
0
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 A M
J
J
13
14
15
16
1,445 1,450 1,453 1,428 1,320 1,281 1,299 1,331 1,348 1,317
Inventory / New Listings / Sales
1,363 1,298 1,289 1,256 1,294 1,290 1,212 1,215
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 A M J
13
14
15
16
1,234 1,232 1,239 1,217 1,292 1,299 1,331 1,292 1,305 1,293 1,253 1,276 1,317 1,272 1,283 1,282 1,272
1,201
J
16 | c o l d w e l l b a n k e r h o m e s . c o m