CAR ARCHIVED July 2017 | Page 20

Market Action Report
July 2017
CHARLESTON
County: Charleston
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
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 104, down 30.2% from
149 days last month and up 4.0% from 100 days in July of last
year. The July 2017 DOM was at a mid level compared with July
of 2016 and 2015.
3 Mo Avg
250
200
183
150
104
100
100
50
0
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Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
600
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 550
more normalized indicator on the direction of Property values.
The July 2017 Selling Price per Square Foot of $484 was down
500
2.9% from $498 last month and up 15.4% from 419 in July of last
year.
450
3 Mo Avg
484
436
419
400
350
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Selling Price versus Listing Price Ratio
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 92.1% was up from 91.8% last month and up from 89.2%
in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
96%
94%
92%
90%
88%
86%
84%
82%
80%
78%
76%
92.1%
91.1%
89.2%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
600
300
400
500
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 61, down 35.1% from 94 last month and up
7.0% from 57 in July of last year.
200
100
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Charleston Trident Association of REALTORS, Piedmont Regional Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
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