FL ARCHIVED October 2017 | Page 105

Coconut Grove Community Information | School District

Coconut Grove Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 October was 84 , down 50.9 % from 171 days last month and down 33.3 % from 126 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
250
200
150
100
124 126
84
50
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 October 2017 Selling Price per Square Foot of $ 619 was up 14.8 % from $ 539 last month and up 69.2 % from 366 in October of last year .
0
650 600 550 500 450 400 350
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
J
A
S O
14
15
16
17
Selling Price per Square Foot
3 Mo Avg
503
366
619
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 October 2017 Selling Price vs Original List Price of 90.5 % was up from 89.1 % last month and up from 89.7 % in October of last year .
300
120 % 100 % 80 % 60 %
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
J
A
S O
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.0 %
3 Mo Avg
89.7 % 90.5 %
40 % 20 %
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 October 2017 was 25 , up 257.1 % from 7 last month and up 19.0 % from 21 in October of last year .
0 %
200 180 160 140 120 100 80 60 40 20 0
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
J
A S O
14
15
16
17
Inventory / New Listings / Sales
186 183 183 179 181
162 154 150 152 157 161 169 169
154 173 166 170 154 152 155 151 141 140 139 146 141 147 145 139 133 134 131 128 133 126 125
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
J
A
S O
14
15
16
17
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