CAR ARCHIVED June 2016 | Page 32
Market Action Report
County: Berkeley
June 2016
Berkeley
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 June was 65, down 35.6% from
101 days last month and down 48.8% from 127 days in June of
last year. The June 2016 DOM was at its lowest level compared
with June of 2015 and 2014.
3 Mo Avg
500
450
400
350
300
250
200
127
126
150
100
65
50
0
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14
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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
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 June 2016 Selling Price per Square Foot of $325 was up
7.0% from $304 last month and up 34.6% from 241 in June of
last year.
3 Mo Avg
500
450
400
350
325
313
300
241
250
200
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14
15
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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 June 2016 Selling Price vs Original List
Price of 95.6% was up from 90.1% last month and up from 93.1%
in June of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
93.1%
100%
95.6%
93.1%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
52
50
48
48
44
37
43
39
47
46
53
52
50
52
50
50
48
45
47
45
53
49
52
51
49
35
30
37
34
37
28
20
36
30
44
40
47
50
51
60
37
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 June 2016 was 11, equal to 11 last month and up 57.1% from 7
in June of last year.
10
0
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Copyright © Coldwell Banker | 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
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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