FL ARCHIVED January 2018 | Page 45

Charlotte County Community Information | School District

Charlotte County Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 January was 77 , up 4.1 % from 74 days last month and up 13.2 % from 68 days in January of last year . The January 2018 DOM was at a mid level compared with January of 2017 and 2016 .
120
100
80
60
40
71
68
77
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 January 2018 Selling Price per Square Foot of $ 134 was down 1.9 % from $ 137 last month and up 7.7 % from 125 in January 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 January 2018 Selling Price vs Original List Price of 94.7 % was down from 95.2 % last month and up from 94.2 % in January of last year .
0
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Selling Price per Square Foot
3 Mo Avg
150 145 140 135 130 125 120 115 110 105 100
96 % 95 % 94 % 93 % 92 % 91 % 90 %
121
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125
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.0 % 94.2 %
3 Mo Avg
134
94.7 %
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 January 2018 was 820 , up 44.9 % from 566 last month and up 2.4 % from 801 in January of last year .
89 %
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Inventory / New Listings / Sales
3,000 2,500 2,000 1,500 1,000
2,335 2,226
2,089 1,902 1,778 1,712 1,642 1,634 1,702 1,815 1,918 2,114 2,233 2,269
2,115 1,988 1,914 1,849 1,820 1,842
1,983 2,175 2,232 2,399 2,439 2,357 2,234 2,097 1,995 1,840 1,763 1,747 1,856 1,965 2,005
2,176
500 0
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