FL ARCHIVED July 2017 - Page 200

Market Action Report Destin City: Destin July 2017 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 July was 147, up 3.5% from 142 days last month and equal to 147 days in July of last year. The July 2017 DOM was at a mid level compared with July of 2016 and 2015. 3 Mo Avg 250 200 147 150 147 99 100 50 0 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 J F M A M J J 14 15 16 17 Selling Price per Square Foot 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 July 2017 Selling Price per Square Foot of $246 was down 5.6% from $261 last month and up 2.3% from 241 in July of last year. 300 290 280 270 260 250 240 230 220 210 200 3 Mo Avg 246 241 234 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 J F M A M J J 14 15 16 17 Selling Price versus Listing Price Ratio 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 July 2017 Selling Price vs Original List Price of 93.8% was down from 94.1% last month and up from 91.3% in July of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the mont  (δΨ”(δΜΈΰ”(δΠ”(δΘΈΰ”(δΔΈΜ”(δΘ”(δΐ”(ΰΰ”(ΰΨ”(ΰΠ”)L<8(44((L<8(44((L<8(44(((ΔΠ(ΔΤ(ΔΨ(Δά)%ΉΩ•ΉΡ½Ιδ€Ό9•ά1₯ΝΡ₯ΉΜ€ΌM…±•Μ)%ΉΩ•ΉΡ½Ιδ€Ό9•ά1₯ΝΡ₯ΉΜ€ΌM…±•Μ(Δ°Θΐΐ(Ψΐΐ(ΰΐΐ(Δ°ΐΐΐ)Q‘₯́±…ΝЁΩ₯•ά½˜Ρ‘”΅…Ι­•Π½΅‰₯Ή•Μ΅½ΉΡ‘±δ₯ΉΩ•ΉΡ½Ι䁽˜)AΙ½Α•ΙΡ₯•Μ™½ΘΝ…±”…±½Ήœέ₯Ρ 9•ά1₯ΝΡ₯ΉΜ…ΉM…±•ΜΈQ‘”Ι…Α )Ν‘½έ́ё”‰…Ν₯Œ…ΉΉΥ…°Ν•…Ν½Ή…±₯Ρ䁽˜Ρ‘”΅…Ι­•Π…́ݕ±°…́ё”)Ι•±…Ρ₯½ΉΝ‘₯ΐ‰•Ρέ••ΈΡ‘•Ν”₯Ρ•΅ΜΈQ‘”ΉΥ΅‰•Θ½˜9•ά1₯ΝΡ₯ΉΜ)₯Έ)Υ±δ€ΘΐΔ܁݅̀ΔΐΨ°‘½έΈ€ΘΐΈΜ”™Ι½΄€ΔΜ́±…ΝЁ΅½ΉΡ …Ή)‘½έΈ€ΔΐΈΘ”™Ι½΄€ΔΔΰ₯Έ)ձ䁽˜±…ΝЁ啅ȸ(Πΐΐ(Θΐΐ(ΐ)L<8(44((L<8(44((L<8(44(((ΔΠ(ΔΤ(ΔΨ(Δά) ½ΑεΙ₯‘Πƒ € ½±‘έ•±° …Ή­•ΘI•Ν₯‘•ΉΡ₯…°I•…°ΝΡ…Ρ”€Ό ½±‘έ•±° …Ή­•ΘUΉ₯Ρ•°I•…±Ρ½ΊπAΙ₯”I…Ή”聱°πAΙ½Α•ΙΡδQεΑ•ΜθM €΄ ½Έ)…Ρ„₯́ΑΙ½Ω₯‘•½ΥΙΡ•Ν䁽˜Ι•…ѕȁ½ΙЁ1…Υ‘•Ι‘…±”I1Q=IL°I1Q=HΝΝ½₯…Ρ₯½Έ½˜5…ΙΡ₯Έ ½ΥΉΡ䰁5₯…΅€ΝΝ½₯…Ρ₯½Έ½˜I1Q=IL°5䁱½Ι₯‘„I•₯½Ή…°51L°9…Α±•ΜΙ•„ ½…ɐ½˜I1Q=IL°I1Q=ILΝΝ½₯…Ρ₯½Έ½˜Ρ‘”A…±΄ •…‘•Μ°MΑ…” ½…ΝЁΝΝ½₯…Ρ₯½Έ½˜I1Q=IL)‘½•ΜΉ½Πέ…ΙΙ…ΉΠ½ΘΥ…Ι…ΉΡ•”Ρ‘”…ΥΙ…δ½˜Ρ‘₯́₯Ή™½Ι΅…Ρ₯½ΈΈ%Ё₯́ё”Ι•ΝΑ½ΉΝ₯‰₯±₯Ρ䁽˜…Ήδ‰Υε•Θ½ΘΝ•±±•ΘΡΌΩ•Ι₯™δ…Ήδ…Ή…±°₯Ή™½Ι΅…Ρ₯½ΈΙ•±•Ω…ΉΠΡΌΝՍ ½ΉΝΥ΅•ΛŠéɕ…°•ΝΡ…Ρ”ΡΙ…ΉΝ…Ρ₯½ΈΈ(ΘΐΐπŒΌ°ά”°°ˆ„Έ¬”Θ Ό΄”Μ€ΈŒΌ΄