FL ARCHIVED November 2017 | Page 47

Punta Gorda Community Information | School District

Punta Gorda 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 November was 94 , up 2.2 % from 92 days last month and up 11.9 % from 84 days in November of last year . The November 2017 DOM was at a mid level compared with November of 2016 and 2015 .
120
100
80
60
40
Days On Market for Sold Properties
86 84
3 Mo Avg
94
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 November 2017 Selling Price per Square Foot of $ 145 was down 1.5 % from $ 147 last month and up 0.1 % from 145 in November of last year .
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 November 2017 was 259 , up 3.6 % from 250 last month and up 10.2 % from 235 in November of last year .
0
200 190 180 170 160 150 140 130 120 110 100
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 96 % original list price . The lower the ratio is below 100 % the more of
95 % a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The November 2017 Selling Price vs 94 % Original List Price of 93.2 % was down from 94.4 % last month
93 % and down from 95.0 % in November of last year . 92 % 91 % 90 % 89 %
1,200
1,000 800 600 400 200
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 O N 14 15
16 17
Selling Price per Square Foot
3 Mo Avg
D J 14 15
135
Selling Price versus Listing Price Ratio
145 145
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
16
17
94.4 %
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 O N 14 15
16
17 Inventory / New Listings / Sales
861 951 953
877 808
718
Avg Selling Price divided by Avg Listing Price for sold properties during the month
675 644 645 628 701 736 749 794 857 863 847 771 768 719 689 693
760
95.0 %
864
908 998 1,003 985 943
882 811
736
3 Mo Avg
697 675
733
93.2 %
788
0 D J 14 15
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
16
17
c o l d w e l l b a n k e r h o m e s . c o m | 47