FL ARCHIVED December 2017 | Page 71

PLANTATION

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 146 , up 7.4 % from 136 days last month and up 256.1 % from 41 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 .
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Days On Market for Sold Properties
3 Mo Avg
146
50 19
41
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 $ 0 was down 100.0 % from $ 139 last month and down 100.0 % from 170 in December of last year .
0
450 400 350 300 250 200 150
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Selling Price per Square Foot
3 Mo Avg
332
170
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 92.6 % was up from 89.1 % last month and down from 98.4 % in December of last year .
100
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
94.4 %
98.4 %
3 Mo Avg
92.6 %
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 2 , down 50.0 % from 4 last month and down 60.0 % from 5 in December of last year .
70 60 50 40 30 20
0 %
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Inventory / New Listings / Sales
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37 45 47 48 48 45 43 41
34 35 33 39 41
50 56
52 62
55
47
41
36 42
39
47 55 56 55 56 56
53
45 42 41 41 42
10 0
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Coldwell Banker Global Luxury SM | 71