FL ARCHIVED October 2017 | Page 146

Flagler County Community Information | School District

Flagler County 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 85 , equal to 85 days last month and down 19.0 % from 105 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
120
100
80
60
40
88
105
85
20
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 $ 132 was up 2.3 % from $ 129 last month and up 3.2 % from 128 in October 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 October 2017 Selling Price vs Original List Price of 96.9 % was up from 96.4 % last month and up from 95.9 % in October 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 October 2017 was 321 , up 39.0 % from 231 last month and up 55.1 % from 207 in October of last year .
0
150 145 140 135 130 125 120 115 110 105 100
98 % 97 % 97 % 96 % 96 % 95 % 95 % 94 % 94 %
1,600 1,400 1,200 1,000 800 600 400 200
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
Selling Price per Square Foot
3 Mo Avg
117
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
128
Selling Price versus Listing Price Ratio
96.5 %
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
1,392 1,334 1,394 1,397 1,359 1,348
Avg Selling Price divided by Avg Listing Price for sold properties during the month
1,351 1,356 1,315
95.9 %
3 Mo Avg
1,289 1,289 1,264 1,249 1,194 1,276 1,310 1,341 1,279 1,256 1,229 1,208 1,228 1,179 1,106 1,113 1,078 1,142 1,172 1,168 1,176 1,175 1,208 1,162 1,193 1,157 1,132
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
132
96.9 %
146 | c o l d w e l l b a n k e r h o m e s . c o m