Florida Market Viewpoint June 2017 - Page 186

Market Action Report City: Panama City Panama City June 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 June was 127, up 122.8% from 57 days last month and up 1.6% from 125 days in June of last year. The June 2017 DOM was at a mid level compared with June of 2016 and 2015. 3 Mo Avg 900 800 700 600 500 400 300 200 127 125 74 100 0 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 M J 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 June 2017 Selling Price per Square Foot of $168 was down 1.2% from $170 last month and down 21.1% from 213 in June of last year. 3 Mo Avg 240 220 213 202 200 180 168 160 140 120 100 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 M J 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 June 2017 Selling Price vs Original List Price of 93.1% was down from 95.3% last month and down from 95.7% in June of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 105% 100% 95.7% 94.5% 95% 93.1% 90% 85% 80% 75% 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 M J 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 40 60 80 100 120 140 160 This las ЁΩ₯•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)ΥΉ”€ΘΐΔ܁݅̀ΔΘ°‘½έΈ€Πȸ䔁™Ι½΄€Θā±…ΝЁ΅½ΉΡ …Ή‘½έΈ(ΠΐΈΐ”™Ι½΄€Θΐ₯Έ)ΥΉ”½˜±…ΝЁ啅ȸ(Θΐ(ΐ)(L<8(44((L<8(44((L<8(4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(ΔΰΨπŒΌ°ά”°°ˆ„Έ¬”Θ Ό΄”Μ€ΈŒΌ΄