FL ARCHIVED July 2017 - Page 177

Market Action Report City: Heathrow Heathrow July 2017 Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties 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 July was 45, down 75.1% from 181 days last month and down 50.5% from 91 days in July of last year. The July 2017 DOM was at its lowest level compared with July of 2016 and 2015. 3 Mo Avg 250 200 150 91 89 100 45 50 0 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 J F M A M J J 14 15 16 17 -50 Selling Price per Square Foot 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 July 2017 Selling Price per Square Foot of $159 was down 7.6% from $172 last month and up 0.0% from 159 in July of last year. 200 190 180 170 160 150 140 130 120 110 100 3 Mo Avg 159 155 159 A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The July 2017 Selling Price vs Original List Price o br"Rv2Wg&RrR7BFBWg&RrPVǒb7BV"2fpfr6VƖr&6RFfFVB'frƗ7Fr&6Rf"6B&W'FW2GW&rFRFRPPr"PRrPRP2PPRPPsRP2Bb2Bb2Bb@P`pfVF'WrƗ7Fw26W0fVF'WrƗ7Fw26W0PP##P3F27BfWrbFR&WB6&W2FǒfVF'`&W'FW2f"6RrvFWrƗ7Fw2B6W2FRw&6w2FR&62V6V6ƗGbFR&WB2vV2FP&VF6&WGvVVFW6RFV2FRV&W"bWrƗ7Fw0Vǒ#rv2BW322Rg&27BFBW322Pg&2Vǒb7BV"2Bb2Bb2Bb@P`p6&vB *6GvV&W"&W6FVF&VW7FFR6GvV&W"VFVB&VF'2&6R&vS&W'GGW34d6FF2&fFVB6W'FW7bw&VFW"f'BVFW&FR$TD%2$TD"766Fb'F6VG֖֒766Fb$TD%2גf&F&Vv2W2&V&&Bb$TD%2$TD%2766FbFR&V6W276R67B766Fb$TD%0FW2Bv'&B"wV&FVRFR67W&7bF2f&FB2FR&W76&ƗGb'WW""6VW"FfW&gBf&F&VWfBF7V667VW.( 2&VW7FFRG&67F2GrV"W"W22Чsp