FL ARCHIVED April 2017 | Page 54

COLLIER COUNTY

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 151 , down 9.6 % from 167 days last month and up 33.6 % from 113 days in April of last year . The April 2017 DOM was at a mid level compared with April of 2016 and 2015 .
250
200
150
100
130
113
151
50
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 $ 710 was up 0.0 % from $ 710 last month and up 0.3 % from 707 in April of last year .
0
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Selling Price per Square Foot
3 Mo Avg
750 730 710 690 670 650 630 610 590 570 550
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 96 % 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 94 % of a Seller ' s market . The April 2017 Selling Price vs Original List Price of 88.8 % was down from 89.0 % last month and down from
92 %
91.9 % in April of last year .
90 % 88 % 86 %
652
Selling Price versus Listing Price Ratio
707 710
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.0 % 91.9 %
3 Mo Avg
88.8 %
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 159 , down 33.5 % from 239 last month and down 18.5 % from 195 in April of last year .
84 %
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Inventory / New Listings / Sales
1,800 1,600 1,400 1,200 1,000 800 600 400 200
0
1,020 957 928 924 926 994 1,054 1,097 1,202 1,191 1,209 1,174 1,143 1,088 1,046 1,017 1,020 1,068
1,173
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1,215
1,350 1,439 1,491 1,448 1,378 1,334 1,278 1,256 1,296
1,374 1,485 1,505 1,627 1,667 1,646
1,568
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