FL ARCHIVED October 2017 | Page 148

Palm Coast Community Information | School District

Palm Coast 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 79 , up 1.3 % from 78 days last month and down 24.8 % 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
89
105
79
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 $ 128 was up 1.3 % from $ 126 last month and up 3.3 % from 124 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 97.0 % was up from 96.8 % last month and up from 96.0 % in October of last year .
0
150 140 130 120 110 100 90 80 70 60 50
98 % 97 % 97 % 96 % 96 % 95 % 95 %
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
115
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
124
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
96.8 %
96.0 %
3 Mo Avg
128
97.0 %
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 292 , up 41.7 % from 206 last month and up 62.2 % from 180 in October of last year .
94 %
1,400 1,200 1,000
800
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
1,203
1,166 1,233 1,234 1,193 1,190 1,174 1,176 1,149 1,120 1,114 1,084 1,063 1,018 1,092 1,137 1,167 1,118 1,101 1,069 1,038 1,064 1,034 955 971 933 998 1,014 997 1,005 1,009 1,036 997 1,007 982 960
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
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