CAR ARCHIVED July 2017 | Page 18

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 July was 97 , up 106.4 % from 47 days last month and up 142.5 % from 40 days in July of last year . The July 2017 DOM was at a mid level compared with July of 2016 and 2015 .
250
200
150
100
87
97
50
40
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 July 2017 Selling Price per Square Foot of $ 300 was down 11.1 % from $ 337 last month and up 6.1 % from 282 in July of last year .
0
450
400
350
300
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 M J
14
15
16
17
Selling Price per Square Foot
320
282
3 Mo Avg
J
300
250
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 July 2017 Selling Price vs Original List Price of 93.5 % was down from 97.2 % last month and down from 97.8 % in July of last year .
200
105 %
100 %
95 %
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 M J
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.1 % 97.8 %
3 Mo Avg
J
93.5 %
90 %
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 July 2017 was 11 , up 10.0 % from 10 last month and down 21.4 % from 14 in July of last year .
80 %
80 70 60 50 40 30 20 10 0
52
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 M J
14
15
16
17
53 49 47 45 45 48 50 52 50 50
Inventory / New Listings / Sales
53
52
47 46 43
39 44
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 M J
14
15
16
17
37 49 49 52 51 53 53 58 58 57 53 56 59
68 64 64 63
J
61
J
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