CAPE CORAL
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 203 , up 62.4 % from 125 days last month and down 27.5 % from 280 days in December of last year . The December 2017 DOM was at a mid level compared with December of 2016 and 2015 . |
350 300 250 200 150 100 |
Days On Market for Sold Properties
280
|
3 Mo Avg
203
|
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 $ 418 was up 28.9 % from $ 324 last month and up 32.5 % from 315 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 86.3 % was up from 82.4 % last month and down from 88.8 % in December of last year .
50 |
6 |
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 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
600 550 500 450 400 350 300 250 200
120 % 100 % 80 % 60 %
483
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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315
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.7 %
3 Mo Avg
418
88.8 % 86.3 %
40 % 20 %
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 15 , down 6.3 % from 16 last month and up 7.1 % from 14 in December of last year .
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
90 80 70 60 50 40 30 20 10 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
67 70 72 75
68
65 72 70 74 71 77 75 75
81
74
71 66 67 69
64 60 59
64 74
78 82
74 69 70
63 60
55 50 48
52 62
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