Market Action Report
December 2017
County: Charlotte
CHARLOTTE
COUNTY
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | 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 December was 224, up from 0
days last month and up 5.7% from 212 days in December of last
year. The December 2017 DOM was at a mid level compared
with December of 2016 and 2015.
3 Mo Avg
1,200
1,000
800
600
400
224
212
138
200
0
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
17
-200
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 December 2017 Selling Price per Square Foot of $257 was
up from $0 last month and down 36.1% from 402 in December
of last year.
650
600
550
500
450
400
350
300
250
200
150
3 Mo Avg
402
257
209
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
17
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
120%
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 100%
of a Seller's market. The December 2017 Selling Price vs
80%
Original List Price of 85.7% was up from 0.0% last month and
down from 89.7% in December of last year.
60%
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.7%
84.8%
85.7%
40%
20%
0%
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
17
Inventory / New Listings / Sales
Inventory / New Listings / Sales
40
50
60
70
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 8, up 33.3% from 6 last month
and equal to 8 in December of last year.
30
20
10
0
J F M A M J J A S O N D J F M A