FL ARCHIVED July 2017 - Page 57

Market Action Report City: Englewood July 2017 Englewood 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 70, down 25.5% from 94 days last month and down 21.3% from 89 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 180 160 140 120 90 100 89 70 80 60 40 20 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 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 $177 was up 1.5% from $174 last month and up 6.0% from 167 in July of last year. 200 190 180 170 160 150 140 130 120 110 100 3 Mo Avg 177 167 143 A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 14 15 16 17 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The July 2017 Selling Price vs Original List Price of 92.8% was up from 91.6% last month and up from 92.2% in July of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 97% 96% 95% 94% 93% 92% 91% 90% 89% 88% 87% 93.0% 92.8% 92.2% A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 200 300 400 500 600 This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The gra 6w2FR&62V6V6ƗGbFR&WB2vV2FP&VF6&WGvVVFW6RFV2FRV&W"bWrƗ7Fw0Vǒ#rv2cFv#rBRg&R7BFBFvBRg&srVǒb7BV"2Bb2Bb2Bb@P`p6&vB *6GvV&W"&W6FVF&VW7FFR6GvV&W"VFVB&VF'2&6R&vS&W'GGW34d6FF2&fFVB6W'FW7bw&VFW"f'BVFW&FR$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"W22ЧS