FL ARCHIVED September 2017 | Page 78

Bonita Springs / Bonita Beach Community Information | School District

Bonita Springs / Bonita 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 121 , up 11.0 % from 109 days last month and up 24.7 % from 97 days in September of last year . The September 2017 DOM was at a mid level compared with September of 2016 and 2015 .
140 120 100 80 60 40
Days On Market for Sold Properties
97 97
3 Mo Avg
121
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 September 2017 Selling Price per Square Foot of $ 206 was down 7.9 % from $ 223 last month and down 1.7 % from 209 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 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 September 2017 Selling Price vs Original List Price of 92.8 % was up from 92.1 % last month and down from 93.5 % in September of last year .
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 79 , down 42.8 % from 138 last month and down 63.1 % from 214 in September of last year .
0
290 270 250 230 210 190 170 150
97 % 96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 %
1,200
1,000 800 600
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
208 209
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 versus Listing Price Ratio
94.6 %
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
819 831 840 884 869 838
Avg Selling Price divided by Avg Listing Price for sold properties during the month
816
806 747 708 702 755 781 820 846 975 1,053 1,032 1,056 1,010 963 921 875
93.5 %
915 961 961 986 1,082 1,112 1,076 1,014 918
3 Mo Avg
206
92.8 %
855 815 777 763
400 200
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
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78 | c o l d w e l l b a n k e r h o m e s . c o m