Florida Market Viewpoint April 2017 - Page 206

Market Action Report City: Niceville Niceville 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 53, down 39.1% from 87 days last month and down 35.4% from 82 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 83 82 80 53 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 $149 was up 0.7% from $148 last month and up 4.6% from 142 in April of last year. 3 Mo Avg 149 150 145 140 135 130 125 120 115 110 105 100 142 133 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 )„ Υε•ΘΜ΅…Ι­•Π•α₯ΝΡΜ°„Ι…Ρ₯Ό…Ё½Θ…‰½Ω”€Δΐΐ”₯Ή‘₯…ѕ́΅½Ι”)½˜„M•±±•ΘΜ΅…Ι­•ΠΈQ‘”ΑΙ₯°€ΘΐΔ܁M•±±₯ΉœAΙ₯”Ώ=Ι₯₯Ή…°1₯ΝΠ)AΙ₯”½˜€δάΈΘ”έ…́Υΐ™Ι½΄€δΨΈΤ”±…ΝЁ΅½ΉΡ …ΉΥΐ™Ι½΄€δάΈΐ”)₯ΈΑΙ₯°½˜±…ΝЁ啅ȸ(́5Όٜ)ٜM•±±₯ΉœAΙ₯”‘₯Ω₯‘•‰δٜ1₯ΝΡ₯ΉœAΙ₯”™½ΘΝ½±ΑΙ½Α•ΙΡ₯•Μ‘ΥΙ₯ΉœΡ‘”΅½ΉΡ (δδ”(δΰ”(δά”(δΨ”(δΤ”(δΠ”(δΜ”(δΘ”(δΔ”(δΐ”(ΰδ”(δάΈΘ”(δάΈΐ”(δΤΈΘ”)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(ΔΤΐ(Θΐΐ(ΘΤΐ(Μΐΐ(ΜΤΐ)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܁݅̀δά°‘½έΈ€δΈΜ”™Ι½΄€Δΐ܁±…ΝЁ΅½ΉΡ …Ή‘½έΈ(ΔΨΈΠ”™Ι½΄€ΔΔ؁₯ΈΑΙ₯°½˜±…ΝЁ啅ȸ(Δΐΐ(Τΐ(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(ΘΐΨπŒΌ°ά”°°ˆ„Έ¬”Θ Ό΄”Μ€ΈŒΌ΄