FL ARCHIVED December 2017 | Page 125

Community Information | School District

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 December was 77 , up 8.5 % from 71 days last month and down 6.1 % from 82 days in December of last year . The December 2017 DOM was at a mid level compared with December 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 December 2017 Selling Price per Square Foot of $ 233 was down 2.6 % from $ 239 last month and down 4.0 % from 242 in December 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
96 %
original list price . The lower the ratio is below 100 % the more of
95 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more
95 %
of a Seller ' s market . The December 2017 Selling Price vs
Original List Price of 94.1 % was up from 93.3 % last month and
94 %
up from 93.1 % in December of last year .
94 %
93 %
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 December 2017 was 152 , down 22.1 % from 195 last month and down 6.2 % from 162 in December of last year .
Days On Market for Sold Properties
100
90
82
80
77
70
60
57
50
40
30
20
10
0
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 M J
J
A S O N D
15
16
17
Selling Price per Square Foot
3 Mo Avg
300 290 280 270 260 250 240 230 220 210 200
93 % 92 % 92 %
219
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 M J
J
A S O N D
15
16
17
242
Selling Price versus Listing Price Ratio
93.4 %
91 %
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 M J
J
A S O N D
15
16
17
Inventory / New Listings / Sales
1,000 900 800 700 600 500 400 300 200 100
0
818 804 815 774 731 705
Avg Selling Price divided by Avg Listing Price for sold properties during the month
660 651 655 665 697 696 751 765 809 772 748 704 714 703 737 771 785
93.1 %
755 869 881 868 843 786 769 744 711
3 Mo Avg
3 Mo Avg
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 M J
J
A S O N D
15
16
17
688 713 712
233
94.1 %
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