CAR ARCHIVED November 2016 | Page 36

Market Action Report

November 2016

Chester

County: Chester

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | 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 November was 0, up from 0 days
last month and down 100.0% from 157 days in November of last
year. The November 2016 DOM was at a mid level compared
with November of 2015 and 2014.

3 Mo Avg

400
350
300

255

250
200

157

150
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
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 November 2016 Selling Price per Square Foot of $0 was up
from $0 last month and down 100.0% from 42 in November of
last year.

100
90
80
70
60
50
40
30
20
10
0

3 Mo Avg

42
34

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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 November 2016 Selling Price vs
Original List Price of 0.0% was up from 0.0% last month and
down from 83.3% in November of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

120%
100%

83.3%

80%
59.4%

60%
40%
20%
0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

58

55

51
41

37

36

31

31

36

31

46

67

20

40

60

54

58

57

40

62

72

70

67

67

76

71

81

105

95

93

90

85

79

75

60

95

80

103

100

103

120
101

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 November 2016 was 12, down 14.3% from 14 last month and
up 71.4% from 7 in November of last year.

0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | 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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