FL ARCHIVED October 2017 | Page 154

St . Lucie County Community Information | School District

St . Lucie 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 56 , down 29.1 % from 79 days last month and down 51.3 % from 115 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
350 300 250 200 150
138
115
100 50
56
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 $ 107 was down 2.7 % from $ 110 last month and down 1.6 % from 109 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 95.3 % was up from 89.8 % last month and up from 90.8 % in October of last year .
0
190 170 150 130 110 90 70 50
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 per Square Foot
3 Mo Avg
87
Selling Price versus Listing Price Ratio
109 107
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
Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.1 % 90.8 %
3 Mo Avg
95.3 %
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 26 , up 73.3 % from 15 last month and up 271.4 % from 7 in October of last year .
90 80 70 60 50 40 30 20 10 0
0 %
26
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
25 31 29 29
25 31 31 30 32 29 31 29 26 29 33 31 31 27 29 31
38 44 45 43 45
39
40 49 50
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
67 69 72 67 65
78
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