Florida Market Viewpoint April 2017 - Page 152

Market Action Report City: Palm Coast Palm Coast April 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 April was 73, down 6.4% from 78 days last month and down 18.0% from 89 days in April of last year. The April 2017 DOM was at its lowest level compared with April of 2016 and 2015. 3 Mo Avg 120 100 91 89 73 80 60 40 20 0 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 O N D J F M A 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 April 2017 Selling Price per Square Foot of $134 was up 8.1% from $124 last month and up 14.3% from 118 in April of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 134 118 109 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 O N D J F M A 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 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 April 2017 Selling Price vs Original List Price of 96.0% was down from 96.2% last month and down from 96.3% in April of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 98% 97% 96.3% 97% 96.0% 96% 96.0% 96% 95% 95% 94% 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 O N D J F M A 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 800 1,000 1,2 K \\Y]وHX\]X[\[۝H[[ܞHق\Y\܈[H[ۙ]]\[[[\ˈHܘ\H\X[X[X\ۘ[]HوHX\]\[\B[][ۜ\]Y[\H][\ˈH\و]\[š[\[ M\ ۈ IHH ̌\[۝[\KHH N[\[و\YX\   HHHHHHHHHHHBMMBMM\Y0H[[\\Y[X[X[\]H [[\[]Y X[ܜXH[N[\H\\Έђ Hۂ]H\ݚYY\\HوܙX]\ܝ]Y\[HPSԔPSԈ\X][ۈوX\[[KZX[ZH\X][ۈوPSԔ^HܚYHY[ۘ[S\\\XH\وPSԔPSԔ\X][ۈوH[HXX\XH\\X][ۈوPSԔ™\\[܈X\[YHHX\XHو\[ܛX][ۋ]\H\ۜX[]Hو[H^Y\܈[\\YH[H[[[ܛX][ۈ[][Xۜ[Y\&\X[\]H[X[ۋMLHHHHH