Florida Market Viewpoint April 2017 - Page 192

Market Action Report Escambia County County: Escambia 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 78, down 14.3% from 91 days last month and down 18.8% from 96 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 140 120 103 96 100 78 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 $117 was up 6.4% from $110 last month and up 4.1% from 112 in April of last year. 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 117 112 93 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 94.9% was up from 94.6% last month and up from 94.4% in April of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 96% 95% 94.9% 94.4% 94% 93.0% 93% 92% 91% 90% (ΰδ”)4((L<8(44((L<8(44((L<8(4(ΔΠ(ΔΤ(ΔΨ(Δά)%ΉΩ•ΉΡ½Ιδ€Ό9•ά1₯ΝΡ₯ΉΜ€ΌM…±•Μ)%ΉΩ•ΉΡ½Ιδ€Ό9•ά1₯ΝΡ₯ΉΜ€ΌM…±•Μ(Δ°ΐΐΐ(Δ°Τΐΐ(Θ°ΐΐΐ(Θ°Τΐΐ(Μ°ΐΐΐ)Q‘₯́±…ΝЁΩ₯•ά½˜Ρ‘”΅…Ι­•Π½΅‰₯Ή•Μ΅½ΉΡ‘±δ₯ΉΩ•ΉΡ½Ι䁽˜)AΙ½Α•ΙΡ₯•Μ™½ΘΝ…±”…±½Ήœέ₯Ρ 9•ά1₯ΝΡ₯ΉΜ…ΉM…±•ΜΈQ‘”Ι…Α )Ν‘½έ́ё”‰…Ν₯Œ…ΉΉΥ…°Ν•…Ν½Ή…±₯Ρ䁽˜Ρ‘”΅…Ι­•Π…́ݕ±°…́ё”)Ι•±…Ρ₯½ΉΝ‘₯ΐ‰•Ρέ••ΈΡ‘•Ν”₯Ρ•΅ΜΈQ‘”ΉΥ΅‰•Θ½˜9•ά1₯ΝΡ₯ΉΜ)₯ΈΑΙ₯°€ΘΐΔ܁݅̀Τάΐ°‘½έΈ€ΔΠΈΠ”™Ι½΄€ΨΨ؁±…ΝЁ΅½ΉΡ …Ή)‘½έΈ€ΨΈΠ”™Ι½΄€Ψΐδ₯ΈΑΙ₯°½˜±…ΝЁ啅ȸ(Τΐΐ(ΐ)4((L<8(44((L<8(44((L<8(4(ΔΠ(ΔΤ(ΔΨ(Δά) ½ΑεΙ₯‘Πƒ € ½±‘έ•±° …Ή­•ΘI•Ν₯‘•ΉΡ₯…°I•…°ΝΡ…Ρ”€Ό ½±‘έ•±° …Ή­•ΘUΉ₯Ρ•°I•…±Ρ½ΊπAΙ₯”I…Ή”聱°πAΙ½Α•ΙΡδQεΑ•ΜθM €΄ ½Έ)…Ρ„₯́ΑΙ½Ω₯‘•½ΥΙΡ•Ν䁽˜Ι•…ѕȁ½ΙЁ1…Υ‘•Ι‘…±”I1Q=IL°I1Q=HΝΝ½₯…Ρ₯½Έ½˜5…ΙΡ₯Έ ½ΥΉΡ䰁5₯…΅€ΝΝ½₯…Ρ₯½Έ½˜I1Q=IL°5䁱½Ι₯‘„I•₯½Ή…°51L°9…Α±•ΜΙ•„ ½…ɐ½˜I1Q=IL°I1Q=ILΝΝ½₯…Ρ₯½Έ½˜Ρ‘”A…±΄ •…‘•Μ°MΑ…” ½…ΝЁΝΝ½₯…Ρ₯½Έ½˜I1Q=IL)‘½•ΜΉ½Πέ…ΙΙ…ΉΠ½ΘΥ…Ι…ΉΡ•”Ρ‘”…ΥΙ…δ½˜Ρ‘₯́₯Ή™½Ι΅…Ρ₯½ΈΈ%Ё₯́ё”Ι•ΝΑ½ΉΝ₯‰₯±₯Ρ䁽˜…Ήδ‰Υε•Θ½ΘΝ•±±•ΘΡΌΩ•Ι₯™δ…Ήδ…Ή…±°₯Ή™½Ι΅…Ρ₯½ΈΙ•±•Ω…ΉΠΡΌΝՍ ½ΉΝΥ΅•ΛŠéɕ…°•ΝΡ…Ρ”ΡΙ…ΉΝ…Ρ₯½ΈΈ(ΔδΘπŒΌ°ά”°°ˆ„Έ¬”Θ Ό΄”Μ€ΈŒΌ΄