Venice Community Information | School District
Venice 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 68 , up 4.6 % from 65 days last month and up 3.0 % from 66 days in September of last year . The September 2017 DOM was at a mid level compared with September 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 September 2017 Selling Price per Square Foot of $ 163 was up 1.4 % from $ 161 last month and up 2.7 % from 158 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 |
97 % |
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The September 2017 Selling Price vs |
96 % |
Original List Price of 94.5 % was down from 94.7 % last month |
95 % |
and down from 94.6 % in September of last year . |
94 % |
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 171 , down 21.2 % from 217 last month and down 28.5 % from 239 in September of last year .
90 80 70 60 50 40 30 20 10 0
200 190 180 170 160 150 140 130 120 110 100
93 % 92 % 91 % 90 %
1,200 1,000
Days On Market for Sold Properties
66 66
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 |
800 600 400 200
146
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 |
|
|
|
158
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.8 %
68
163
94.6 % 94.5 %
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 |
671 694 720 749 742 742 689 642 565 550 499 503 524 595 617
723 793
846 770 750 724 695 693 689
753 817 853 956 973 968
3 Mo Avg
3 Mo Avg
848 816 796
741 669 655
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 |
|
|
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c o l d w e l l b a n k e r h o m e s . c o m | 67