VENICE
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 154 , up 123.2 % from 69 days last month and up from 0 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
700 600 500 400 300 200
Days On Market for Sold Properties
3 Mo Avg
154
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 $ 328 was down 44.1 % from $ 586 last month and up from 0 in April of last year .
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0 -100
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Selling Price per Square Foot |
3 Mo Avg |
570
328
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 86.7 % was down from 98.9 % last month and up from 0.0 % in April of last year .
300
120 % 100 % 80 % 60 %
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
100.0 %
3 Mo Avg
86.7 %
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 0 , down 100.0 % from 2 last month and down 100.0 % from 5 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
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Inventory / New Listings / Sales
20 18 16 14 12 10 8 6 4 2 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
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Coldwell Banker Global Luxury SM | 51