FL ARCHIVED April 2017 | Page 49

SIESTA KEY

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 94 , up 9.3 % from 86 days last month and down 16.1 % from 112 days in April of last year . The April 2017 DOM was at its lowest 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 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 $ 555 was up 22.4 % from $ 454 last month and up 12.4 % from 494 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 89.7 % was down from 94.1 % last month and equal to 89.7 % in April of last year .
Days On Market for Sold Properties
450
400
350
300
250
200
150
117
112
94
100
50
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
850 800 750 700 650 600 550 500 450 400 350
100 % 95 % 90 % 85 % 80 % 75 %
542
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
494
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
86.4 %
3 Mo Avg
3 Mo Avg
555
89.7 % 89.7 %
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 20 , down 4.8 % from 21 last month and down 4.8 % from 21 in April of last year .
70 %
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
200 180 160 140 120 100 80 60 40 20 0
118 110 98 96 94 93 95 97 106 122 125 119 107 98 91 82 83 87 95
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
93
105 116 122 130 125 130
118 107 102
121 136
152
161 178 176 175
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