FL ARCHIVED April 2017 - Page 144

Melbourne Community Information | School District Market Time 80 The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward 70 trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a 60 Seller's market. The DOM for April was 48, up 6.7% from 45 50 days last month and down 5.9% from 51 days in April of last year. The April 2017 DOM was at its lowest level compared with April 40 of 2016 and 2015. 30 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 April 2017 Selling Price per Square Foot of $126 was up 0.9% from $125 last month and up 9.3% from 115 in April 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 April 2017 was 304, down 2.3% from 311 last month and down 18.3% from 372 in April of last year. 20 10 Days On Market for Sold Properties 60 0 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 A 14 15 16 17 Selling Price per Square Foot 3 Mo Avg 150 140 130 120 110 100 90 80 70 60 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 97% original list price. The lower the ratio is below 100% the more of 96% a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The April 2017 Selling Price vs Original List 95% Price of 95.8% was up from 94.9% last month and up from 95.1% 94% in April of last year. 93% 92% 91% 90% 102 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 A 14 15 16 17 Selling Price versus Listing Price Ratio 51 115 95.1% 95.1% 89% 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 A 14 15 16 17 Inventory / New Listings / Sales 900 800 700 600 500 400 300 200 100 0 774 763 759 704 671 688 681 Avg Selling Price divided by Avg Listing Price for sold properties during the month 631 642 648 664 660 663 665 643 622 624 659 676 667 685 669 633 636 592 653 637 606 582 610 624 593 3 Mo Avg 3 Mo Avg 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 A 14 15 16 17 579 545 537 48 126 95.8% 535 144 | c o l d w e l l b a n k e r h o m e s.c o m Market Action Report City: Melbourne Melbourne April 2017 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 April was 48, up 6.7% from 45 days last month and down 5.9% from 51 days in April of last year. The April 2017 DOM was at its lowest level compared with April of 2016 and 2015. 3 Mo Avg 80 70 60 60 51 48 50 40 30 20 10 0 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 A 14 15 16 17 Selling Price per Square Foot 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 April 2017 Selling Price per Square Foot of $126 was up 0.9% from $125 last month and up 9.3% from 115 in April of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 126 115 102 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 A 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount th ][\\HYܙYZ[YHۈHZ\ܚY[[\XKH\H][\[ L HH[ܙHقH^Y\X\]^\H][]܈XݙH L H[X]\[ܙBوH[\X\] H\[ M[[XHܚY[[\XHوMK H\\HM IH\[۝[\HMKIB[\[و\YX\[]][[XH]YYH]\[XH܈\Y\\[H[۝MBMK BMBMKIBMKIBMIBM BLBLBLIBL BIBHHHHHHHHHHHBMMBMM’[[ܞH ]\[ [\’[[ܞH ]\[ [\ŽL  L    \\Y]وHX\]X[\[۝H[[ܞHق\Y\܈[H[ۙ]]\[[[\ˈHܘ\H\X[X[X\ۘ[]HوHX\]\[\B[][ۜ\]Y[\H][\ˈH\و]\[š[\[ M\ ۈ HH LH\[۝[ۂN HH ̈[\[و\YX\  L HHHHHHHHHHHBMMBMM\Y0H[[\\Y[X[X[\]H [[\[]Y X[ܜXH[N[\H\\Έђ Hۂ]H\ݚYY\\HوܙX]\ܝ]Y\[HPSԔPSԈ\X][ۈوX\[[KZX[ZH\X][ۈوPSԔ^HܚYHY[ۘ[S\\\XH\وPSԔPSԔ\X][ۈوH[HXX\XH\\X][ۈوPSԔ™\\[܈X\[YHHX\XHو\[ܛX][ۋ]\H\ۜX[]Hو[H^Y\܈[\\YH[H[[[ܛX][ۈ[][Xۜ[Y\&\X[\]H[X[ۋM HHHHH