FL ARCHIVED April 2017 | Page 103

JUPITER / JUPITER BEACH

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 April was 182 , up 93.6 % from 94 days last month and down 5.2 % from 192 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
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
750
700
end Properties in the market , the selling price per square foot is a
650
more normalized indicator on the direction of Property values .
The April 2017 Selling Price per Square Foot of $ 472 was up 1.0 % from $ 467 last month and down 9.3 % from 520 in April of last
600
550
year .
500
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 April 2017 Selling Price vs Original List Price of 86.0 % was down from 90.2 % last month and down from 89.3 % 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 26 , down 10.3 % from 29 last month and up 23.8 % from 21 in April of last year .
450 400 350 300 250 200 150 100 50 0
450 400 350 300
98 % 96 % 94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 %
200 180 160 140 120 100 80 60 40 20 0
Days On Market for Sold Properties
134
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
476
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
89.9 %
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
162 150 144 138 147 153
163
Avg Selling Price divided by Avg Listing Price for sold properties during the month
167
175 186 187 170 165
147 137 131 137 151 157 168 174 181
190
192
520
89.3 %
178 186
162 153
143 159 161 163 162
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
182 179
170
182
472
86.0 %
169
Coldwell Banker Global Luxury SM | 103