PINECREST
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 77.6 % from 67 days last month and up 95.1 % from 61 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
91
61
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3 Mo Avg
119
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50 |
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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 $ 315 was down 18.6 % from $ 387 last month and up 5.9 % from 297 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 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 85.6 % was down from 89.4 % last month and down from 92.9 % in December of last year .
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Selling Price per Square Foot |
3 Mo Avg |
390 370 350 330 310 290 270 250
105 % 100 % 95 % 90 % 85 %
312
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297
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.8 %
92.9 %
3 Mo Avg
315
85.6 %
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 24 , up 26.3 % from 19 last month and up 118.2 % from 11 in December of last year .
80 %
75 % 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
200 180 160 140 120 100 80 60 40 20 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
99 111 106 107 114 112 109 114 120 118 114 108
129 150 149 149 157 161
150
136 150 145 139 128 133 141
156 172 171 171 179 167 159 156 142 141
Coldwell Banker Global Luxury SM | 89