FL ARCHIVED September 2017 | Page 47

Market Action Report
City: Punta Gorda
September 2017
Punta Gorda
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 September was 94, down 6.0%
from 100 days last month and down 4.1% from 98 days in
September of last year. The September 2017 DOM was at a mid
level compared with September of 2016 and 2015.
3 Mo Avg
140
120
98
92
100
94
80
60
40
20
0
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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 September 2017 Selling Price per Square Foot of $156 was
up 7.8% from $145 last month and up 15.7% from 135 in
September of last year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
156
135
129
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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 September 2017 Selling Price vs
Original List Price of 93.5% was up from 93.3% last month and
down from 94.3% in September of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
95%
94.3%
93.6%
94%
93.5%
93%
92%
91%
90%
89%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
600
800
1,000
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 September 2017 was 128, down 36.3% from 201 last
month and down 20.0% from 160 in September of last year.
400
200
0
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 A S
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | 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 REALTO
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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