FL ARCHIVED June 2017 - Page 177

Heathrow 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 181, up 1.1% from 179 days last month and up 96.7% from 92 days in June of last year. The June 2017 DOM was at a mid level compared with June of 2016 and 2015. 200 150 100 50 92 181 9 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 $172 was up 9.1% from $158 last month and up 7.6% from 160 in June of last year. 0 -50 200 190 180 170 160 150 140 130 120 110 100 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 105% 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 100% of a Seller's market. The June 2017 Selling Price vs Original List Price of 95.7% was up from 85.6% last month and up from 94.4% 95% in June of last year. 90% 85% 80% 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 152 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 17 160 Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month 94.7% 94.4% 3 Mo Avg 3 Mo Avg 172 95.7% 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 3, up from 0 last month and up 50.0% from 2 in June of last year. 75% 30 25 20 15 10 15 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 18 20 22 24 17 20 16 22 24 26 25 25 26 25 24 22 19 19 21 17 17 18 18 16 11 11 13 11 5 7 9 9 8 6 5 5 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 c o l d w e l l b a n k e r h o m e s.c o m | 177 Market Action Report City: Heathrow Heathrow 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 181, up 1.1% from 179 days last month and up 96.7% from 92 days in June of last year. The June 2017 DOM was at a mid level compared with June of 2016 and 2015. 3 Mo Avg 200 181 150 92 100 50 9 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 -50 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 $172 was up 9.1% from $158 last month and up 7.6% from 160 in June of last year. 200 190 180 170 160 150 140 130 120 110 100 3 Mo Avg 172 160 152 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 105% amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of 100% a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. 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