FL ARCHIVED December 2017 | Page 47

Punta Gorda Community Information | School District

Punta Gorda 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 67 , down 28.7 % from 94 days last month and down 22.1 % from 86 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 .
120
100
80
60
40
Days On Market for Sold Properties
81
86
3 Mo Avg
67
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 December 2017 Selling Price per Square Foot of $ 151 was up 3.7 % from $ 145 last month and down 0.5 % from 151 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
97 %
original list price . The lower the ratio is below 100 % the more of
96 %
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The December 2017 Selling Price vs
95 %
Original List Price of 96.0 % was up from 93.2 % last month and
94 %
up from 94.0 % in December of last year .
93 %
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 200 , down 23.1 % from 260 last month and down 4.8 % from 210 in December of last year .
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Selling Price per Square Foot
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
92 % 91 % 90 %
138
Selling Price versus Listing Price Ratio
151 151
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94.2 %
89 %
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Inventory / New Listings / Sales
1,200
1,000 800 600 400 200
951 953
877
808 718 675
Avg Selling Price divided by Avg Listing Price for sold properties during the month
644 645 628 701 736 749 794 857 863 847 771 768 719 689 693
760 864
94.0 %
909 999 1,004 986 945
885
814 739 700
3 Mo Avg
680 740
805
96.0 %
800
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