FL ARCHIVED May 2018 | Page 88

Market Action Report May 2018 Agent Name

CHARLOTTE

County : Charlotte

COUNTY

Title
Community Information | School District Price Range : $ 1,000,000 and Up | Properties : SFH - Con
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 May was 164 , up 134.3 % from 70 days last month and up 107.6 % from 79 days in May of last year . The May 2018 DOM was at a mid level compared with May of 2017 and 2016 .
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 May 2018 Selling Price per Square Foot of $ 451 was up 54.2 % from $ 292 last month and up 57.4 % from 286 in May 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 May 2018 Selling Price vs Original List Price of 87.2 % was down from 91.0 % last month and down from 90.6 % in May of last year .
1,200
1,000
800
600
400
200
Phone Website Other
Days On Market for Sold Properties
278
0 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 J F M A M
-200 15 16
17 18
Selling Price per Square Foot
3 Mo Avg
650 600 550 500 450 400 350 300 250 200 150
120 % 100 % 80 % 60 % 40 % 20 %
352
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
J
F M A M
15
16
17
18
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
79
286
90.8 % 90.6 %
3 Mo Avg
3 Mo Avg
164
451
87.2 %
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 May 2018 was 9 , up 50.0 % from 6 last month and up 80.0 % from 5 in May of last year .
70 60 50 40 30
0 %
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
J
F M A M
15
16
17
18
Inventory / New Listings / Sales
53
50
45 45 46 46 47
51 56 57
54 51 51
45
42 46 48
53
56 60 61
63
57
55 52 51 49 47 48 46 47 49 47 54 53 54
20 10 0
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
J
F M A M
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Association of REALT does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .
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