FL ARCHIVED April 2017 | Page 18

CLEARWATER BEACH

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 April was 184 , down 45.9 % from 340 days last month and up 97.8 % from 93 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
600
500
400
300
200
213
184
100
93
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 $ 724 was up 24.1 % from $ 583 last month and up 68.6 % from 430 in April 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 April 2017 Selling Price vs Original List Price of 90.7 % was up from 84.2 % last month and down from 91.7 % in April of last year .
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14
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Selling Price per Square Foot
3 Mo Avg
750 700 650 600 550 500 450 400 350
120 % 100 % 80 % 60 %
530
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14
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430
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
91.6 % 91.7 % 90.7 %
724
40 % 20 %
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 23 , up 130.0 % from 10 last month and up 64.3 % from 14 in April of last year .
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
Inventory / New Listings / Sales
100 90 80 70 60 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
51 50 51 52 54 54 55 54 66 64 64 60 55 55
61
54 49 52 56
62 57 58 60 64 67 67 72 71 77 78 78 77 82 85 81
91
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