FL ARCHIVED June 2017 - Page 26

Clearwater 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 June was 42, down 4.5% from 44 days last month and down 22.2% from 54 days in June of last year. The June 2017 DOM was at its lowest level compared with June 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 June 2017 Selling Price per Square Foot of $131 was up 1.7% from $128 last month and up 15.0% from 114 in June of last year. Days On Market for Sold Properties 90 80 70 66 60 54 50 42 40 30 20 10 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 150 140 130 120 110 100 90 80 70 60 50 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 98% original list price. The lower the ratio is below 100% the more of 96% 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 94% Price of 95.9% was up from 95.5% last month and up from 94.4% in June of last year. 92% 90% 88% 86% 102 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 17 114 Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month 93.5% 94.4% 3 Mo Avg 3 Mo Avg 131 95.9% 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 361, down 1.9% from 368 last month and up 15.3% from 313 in June of last year. 84% 1,200 1,000 800 600 400 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 1,054 1,044 1,034 1,032 1,006 978 983 982 960 900 888 888 826 791 747 765 771 756 767 769 757 757 756 700 671 692 689 704 717 655 647 636 665 649 622 582 200 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 26 | 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 City: Clearwater Clearwater 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 42, down 4.5% from 44 days last month and down 22.2% from 54 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 90 80 66 70 60 54 50 42 40 30 20 10 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 $131 was up 1.7% from $128 last month and up 15.0% from 114 in June of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 131 114 102 J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selli r&6Rg2&vƗ7Fr&6R&WfV2FRfW&vPVBFB6VW'2&Rw&VVrF6RFvg&FV &vƗ7B&6RFRvW"FR&F2&VrRFR&R`'WW"w2&WBW7G2&FB"&fRRF6FW2&Pb6VW"w2&WBFRVR#r6VƖr&6Rg2&vƗ7@&6RbRRv2Wg&RRR7BFBWg&BBPVRb7BV"2fpfr6VƖr&6RFfFVB'frƗ7Fr&6Rf"6B&W'FW2GW&rFRFPRPbPBBP2RPBP"PPPbPBP2Bb2Bb2Bb@P`pfVF'WrƗ7Fw26W0fVF'WrƗ7Fw26W0Cc#F27BfWrbFR&WB6&W2FǒfVF'`&W'FW2f"6RrvFWrƗ7Fw2B6W2FRw&6w2FR&62V6V6ƗGbFR&WB2vV2FP&VF6&WGvVVFW6RFV2FRV&W"bWrƗ7Fw0VR#rv23cFvRg&3c7BFBWR2Rg&32VRb7BV"#2Bb2Bb2Bb@P`p6&vB *6GvV&W"&W6FVF&VW7FFR6GvV&W"VFVB&VF'2&6R&vS&W'GGW34d6FF2&fFVB6W'FW7bw&VFW"f'BVFW&FR$TD%2$TD"766Fb'F6VG֖֒766Fb$TD%2גf&F&Vv2W2&V&&Bb$TD%2$TD%2766FbFR&V6W276R67B766Fb$TD%0FW2Bv'&B"wV&FVRFR67W&7bF2f&FB2FR&W76&ƗGb'WW""6VW"FfW&gBf&F&VWfBF7V667VW.( 2&VW7FFRG&67F#b2BrR"R"R22