FL ARCHIVED December 2017 | Page 74

Naples Community Information | School District

Naples 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 119 , up 6.3 % from 112 days last month and up 12.3 % from 106 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
140 120 100 80 60 40
Days On Market for Sold Properties
84
106
3 Mo Avg
119
20
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 $ 249 was up 1.3 % from $ 246 last month and down 1.3 % from 252 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 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
94 %
Original List Price of 93.0 % was up from 92.5 % last month and equal to 93.0 % in December of last year .
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 972 , down 21.6 % from 1,240 last month and down 7.2 % from 1,047 in December of last year .
0
J
F M A M J
J
A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
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Selling Price per Square Foot
3 Mo Avg
300 290 280 270 260 250 240 230 220 210 200
92 % 91 % 90 %
245
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F M A M J
J
A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
15
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252
Selling Price versus Listing Price Ratio
94.9 %
249
93.0 % 93.0 %
89 %
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F M A M J
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A S O N D
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F M A M J
J
A S O N D
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F M A M J
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A S O N D
15
16
17
Inventory / New Listings / Sales
7,000 6,000 5,000 4,000 3,000 2,000 1,000
4,679 4,700 4,585 4,359 4,089 3,929
Avg Selling Price divided by Avg Listing Price for sold properties during the month
3,778 3,711 3,674 3,942 4,210 4,370
5,010 5,471 5,543 5,549 5,347 5,152 4,907 4,830 4,983 5,265 5,608 5,728 6,249 6,401 6,340
6,027 5,553
5,234 4,928 4,835
3 Mo Avg
4,563 4,676 4,969 5,000
0
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F M A M J
J
A S O N D
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F M A M J
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A S O N D
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F M A M J
J
A S O N D
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74 | c o l d w e l l b a n k e r h o m e s . c o m