AVENTURA
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 192 , up 231.0 % from 58 days last month and up 255.6 % from 54 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 $ 442 was up 17.8 % from $ 375 last month and up 31.4 % from 337 in December of last year .
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650 600 550 500 450 400 350
Days On Market for Sold Properties
378
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Selling Price per Square Foot |
3 Mo Avg |
471
54
337
3 Mo Avg
192
442
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 80.6 % was up from 74.5 % last month and down from 88.0 % in December of last year .
300
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
83.1 %
88.0 %
3 Mo Avg
80.6 %
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 33 , down 15.4 % from 39 last month and up 10.0 % from 30 in December of last year .
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Inventory / New Listings / Sales |
300 250 200 150 100
162 179 181 183 174 182 189 194 192 200 218 224 253 262 272 275 277 280 273 266 272 271 273 271 280 275 268 264 264 260 257 266 251 254 256 253
50 0
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Coldwell Banker Global Luxury SM | 77