Coral Gables Community Information | School District
Coral Gables 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 December was 143 , up 33.6 % from 107 days last month and up 66.3 % from 86 days in December of last year . The December 2017 DOM was at a mid level compared with December 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 December 2017 Selling Price per Square Foot of $ 383 was up 12.4 % from $ 340 last month and up 11.9 % from 342 in December 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 December 2017 Selling Price vs Original List Price of 91.6 % was up from 90.2 % last month and down from 91.8 % in December 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 December 2017 was 85 , down 9.6 % from 94 last month and down 13.3 % from 98 in December of last year .
160 140 120 100 80 60 40 20 0
440 420 400 380 360 340 320 300
95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 % 87 % 86 %
700 600 500 400 300 200 100
0
Days On Market for Sold Properties
81
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 N D |
15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
358
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 N D |
15 |
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16 |
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17 |
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|
Selling Price versus Listing Price Ratio
93.2 %
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 N D |
15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
536 547 528 534 520 509 509
Avg Selling Price divided by Avg Listing Price for sold properties during the month
512 512 522 512 489
534 567 590 614 614 613 605 606 626 613 599
86
342
143
383
91.8 % 91.6 %
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 N D |
15 |
|
|
|
16 |
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|
17 |
|
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|
579 596 606 631 615 619 619 613 607
3 Mo Avg
3 Mo Avg
588
597 556 534 c o l d w e l l b a n k e r h o m e s . c o m | 107