Venice Community Information | School District
Venice Community Information | School District
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 May was 76 , up 11.8 % from 68 days last month and up 35.7 % from 56 days in May of last year . The May 2017 DOM was at a mid level compared with May of 2016 and 2015 .
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 May 2017 Selling Price per Square Foot of $ 161 was down 6.6 % from $ 172 last month and down 1.7 % from 164 in May 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 May 2017 Selling Price vs Original List Price of 93.3 % was down from 93.7 % last month and down from 94.5 % in May of last year .
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 May 2017 was 268 , up 10.7 % from 242 last month and down 2.5 % from 275 in May of last year .
Days On Market for Sold Properties
90 |
80 |
76 |
70 |
60 |
60 |
56 |
50 |
40 |
30 |
20 |
10 |
0 |
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 M |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
98 % 97 % 96 % 95 % 94 % 93 % 92 % 91 %
151
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 M |
14 |
|
|
|
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
164
Selling Price versus Listing Price Ratio
94.9 %
90 % |
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 M |
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Inventory / New Listings / Sales |
1,200
1,000 800 600 400 200
Avg Selling Price divided by Avg Listing Price for sold properties during the month
94.5 %
746
709 658 685 671 694 720 749 742 742 689 642 565 550 499 503 524 595 617
723 793
847 771 751 725 696 694 690
752 816 852
3 Mo Avg
3 Mo Avg
953 969 964
161
93.3 %
841 788
0
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 M |
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
c o l d w e l l b a n k e r h o m e s . c o m | 69