FL ARCHIVED September 2017 | Page 192

Pensacola Beach Community Information | School District

Pensacola Beach 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 September was 115 , up 98.3 % from 58 days last month and down 48.7 % from 224 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
250
200
150
100
Days On Market for Sold Properties
89
224
3 Mo Avg
115
50
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 September 2017 Selling Price per Square Foot of $ 336 was up 1.8 % from $ 330 last month and up 24.7 % from 269 in September 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
98 %
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
96 %
of a Seller ' s market . The September 2017 Selling Price vs
Original List Price of 95.2 % was up from 93.8 % last month and
94 %
up from 92.3 % in September of last year .
92 %
0
400 380 360 340 320 300 280 260 240 220 200
90 % 88 %
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
A S
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
246
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
A S
14
15
16
17
269
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
91.7 %
92.3 %
3 Mo Avg
336
95.2 %
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 September 2017 was 24 , up 41.2 % from 17 last month and up 50.0 % from 16 in September of last year .
86 %
200 180 160 140 120 100 80 60 40 20 0
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
A S
14
15
16
17
Inventory / New Listings / Sales
164
156 147 152 152
143 152 153 162 156 157 146 139
129 120
136 147 154 175 172 175 175 167
148 148 151
138 123 125 128 120 124 114 119 115 122
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
A S
14
15
16
17
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