CAR ARCHIVED December 2016 | Page 32

Berkeley Community Information | School District

Berkeley 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 December was 103 , up 32.1 % from 78 days last month and up 296.2 % from 26 days in December of last year . The December 2016 DOM was at a mid level compared with December of 2015 and 2014 .
250
200
150
100
172
103
50
26
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 December 2016 Selling Price per Square Foot of $ 321 was down 4.2 % from $ 335 last month and down 18.7 % from 395 in December of last year .
0
550 500 450 400 350 300 250
J
F M A 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
14
15
16
Selling Price per Square Foot
357
395
3 Mo Avg
321
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 December 2016 Selling Price vs Original List Price of 94.4 % was up from 90.8 % last month and down from 98.0 % in December of last year .
200
105 %
100 %
95 %
90 %
J
F M A M J
J
A
S O N D
J
F M A M J
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A
S O N D
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F M A M J
J
A
S O N D
14
15
16
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
89.2 %
98.0 %
3 Mo Avg
94.4 %
85 %
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 December 2016 was 6 , down 25.0 % from 8 last month and up 200.0 % from 2 in December of last year .
80 %
70 60 50 40
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F M A M J
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A S O N D
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F M A M J
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A S O N D
J
F M A M J
J
A S O N D
14
15
16
44
46 49 51 51 52 53
49 47
Inventory / New Listings / Sales
45
45 48 50 52 50 50 53 52
47
46 43
44
48
48 51 50 52 52 57 58 57
52
30
35
39
37
20
30
10
0
J
F M A 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
14
15
16
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