FL ARCHIVED January 2018 | Page 208

Navarre Community Information | School District

Navarre Community Information | School District

Market Time
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The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
140
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
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Seller ' s market . The DOM for January was 62 , up 5.1 % from 59
100
days last month and down 27.9 % from 86 days in January of last
year . The January 2018 DOM was at its lowest level compared
80
with January of 2017 and 2016 .
60
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 January 2018 Selling Price per Square Foot of $ 142 was up 8.7 % from $ 131 last month and up 12.7 % from 126 in January 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 January 2018 Selling Price vs Original List Price of 98.1 % was equal to 98.1 % last month and up from 96.3 % in January of last year .
40 20
Days On Market for Sold Properties
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0
F
M A M J
J
A
S O N D
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F M A M J
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F M A M J
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Selling Price per Square Foot
3 Mo Avg
150 145 140 135 130 125 120 115 110 105 100
100 % 99 % 98 % 97 % 96 % 95 % 94 %
111
F
M A M J
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S O N D
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F M A M J
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.5 %
86
126
96.3 %
3 Mo Avg
3 Mo Avg
62
142
98.1 %
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 January 2018 was 183 , up 61.9 % from 113 last month and up 29.8 % from 141 in January of last year .
93 %
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M A M J
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A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
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15
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Inventory / New Listings / Sales
900 800 700 600 500 400 300 200 100
0
791 829 830 789 809
749 672 638 641 611 578 562 579 553 530 560 553 494 483
F
M A M J
J
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S O N D
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F M A M J
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S O N D
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F M A M J
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S O N D
J
15
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474 485 473 441 403 393 395 390 407 368 347 357 379 383 416 405 391
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