FL ARCHIVED June 2017 - Page 154

Stuart Community Information | School District Days On Market for Sold Properties 3 Mo Avg 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 June was 85, down 13.3% from 98 days last month and down 6.6% from 91 days in June of last year. The June 2017 DOM was at its lowest level compared with June of 2016 and 2015. 140 120 100 80 60 96 91 85 40 20 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 June 2017 Selling Price per Square Foot of $170 was up 2.9% from $165 last month and up 7.0% from 159 in June 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 June 2017 Selling Price vs Original List Price of 91.2% was down from 91.4% last month and equal to 91.2% in June of last year. 0 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 J F M A M J 14 15 16 17 Selling Price per Square Foot 3 Mo Avg 200 190 180 170 160 150 140 130 120 110 100 95% 94% 93% 92% 91% 90% 89% 131 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 J F M A M J 14 15 16 17 159 Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month 93.0% 3 Mo Avg 170 91.2% 91.2% 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 June 2017 was 226, down 5.8% from 240 last month and up 7.6% from 210 in June of last year. 88% 1,200 1,000 800 600 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 J F M A M J 14 15 16 17 Inventory / New Listings / Sales 1,090 1,036 1,011 1,027 1,012 972 984 968 918 880 805 779 769 746 783 843 857 827 910 938 951 951 903 868 891 868 881 932 931 907 974 978 923 898 828 759 400 200 0 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 J F M A M J 14 15 16 17 154 | c o l d w e l l b a n k e r h o m e s.c o m Market Action Report Stuart City: Stuart June 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 June was 85, down 13.3% from 98 days last month and down 6.6% from 91 days in June of last year. The June 2017 DOM was at its lowest level compared with June of 2016 and 2015. 3 Mo Avg 140 120 96 100 91 85 80 60 40 20 0 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 J F M A M 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 June 2017 Selling Price per Square Foot of $170 was up 2.9% from $165 last month and up 7.0% from 159 in June of last year. 200 190 180 170 160 150 140 130 120 110 100 3 Mo Avg 170 159 131 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 J F M A M 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. 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