CAR ARCHIVED April 2016 | Page 36

Chester Community Information | School District

Chester Community Information | School District

Market Time
400
The average Days On Market ( DOM ) shows how many days the
average Property is on the market before it sells . An upward
350
trend in DOM tends to indicate a move towards more of a
Buyer ' s market , a downward trend a move towards more of a
300
Seller ' s market . The DOM for April was 0 , down 100.0 % from
250
163 days last month and down 100.0 % from 143 days in April of
last year . The April 2016 DOM was at a mid level compared with
200
April of 2015 and 2014 .
150
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 April 2016 Selling Price per Square Foot of $ 0 was down 100.0 % from $ 63 last month and down 100.0 % from 61 in April 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 April 2016 Selling Price vs Original List Price of 0.0 % was down from 80.2 % last month and down from 87.4 % in April of last year .
100 50 0
100 90 80 70 60 50 40 30 20 10 0
120 % 100 % 80 % 60 % 40 % 20 %
Days On Market for Sold Properties
133
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
J
F M A
13
14
15
16
143
Selling Price per Square Foot
66
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
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O N D
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F M A
13
14
15
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
73.4 %
61
87.4 %
3 Mo Avg
3 Mo Avg
3 Mo Avg
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 April 2016 was 11 , equal to 11 last month and down 35.3 % from 17 in April of last year .
140 120 100
0 %
80 60 40 20
95
M
J
J
A
S
O N D
J
F M A M J
J
A
S
O N D
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F M A M J
J
A
S
O N D
J
F M A
13
14
15
16
99 106 108
116 110 107 102 104 107
Inventory / New Listings / Sales
105 97 97 95 92 88 84 82 78 79 74 70 71 77 75 72 68 66 67 70 65 58 60 62
53
45
0
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
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O N D
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F M A
13
14
15
16
36 | c o l d w e l l b a n k e r h o m e s . c o m