ST . PETE 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 182 , up from 0 days last month and down 28.6 % from 255 days in December of last year . The December 2017 DOM was at its lowest 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 $ 440 was up from $ 0 last month and down 7.9 % from 477 in December of last year .
400 350 300 250 200 150 100 50 0 -50
900 800 700 600 500 400 300
Days On Market for Sold Properties
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F M A M J |
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A S O N D |
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A S O N D |
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Selling Price per Square Foot |
3 Mo Avg |
255
477
3 Mo Avg
182
440
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 December 2017 Selling Price vs Original List Price of 82.8 % was up from 0.0 % last month and down from 86.0 % in December of last year .
200
120 % 100 % 80 % 60 %
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F M A M J |
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
86.0 %
3 Mo Avg
82.8 %
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 December 2017 was 3 , down 25.0 % from 4 last month and up 50.0 % from 2 in December of last year .
35 30 25 20 15 10
0 % |
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Inventory / New Listings / Sales |
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16
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12 16
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23
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25 31 31
28 31 30
28 30
24 22
20 24 25 27 27 26
5 0
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18 | coldwellbankerluxury . com