CAR ARCHIVED October 2017 | Page 11

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Community Information | School District
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 October was 86 , up 24.6 % from 69 days last month and down 21.8 % from 110 days in October of last year . The October 2017 DOM was at its lowest level compared with October of 2016 and 2015 .
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 October 2017 Selling Price per Square Foot of $ 310 was up 31.0 % from $ 237 last month and up 40.8 % from 220 in October of last year .
450 400 350 300 250 200 150 100 50 0
500 450 400 350 300 250
Days On Market for Sold Properties
178
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
J
A
S O
14
15
16
17
110
Selling Price per Square Foot
252 220
3 Mo Avg
3 Mo Avg
86
310
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 October 2017 Selling Price vs Original List Price of 95.1 % was up from 86.4 % last month and down from 95.9 % in October of last year .
200
120 % 100 % 80 % 60 %
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
J
A
S O
14
15
16
17
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
86.3 %
3 Mo Avg
95.9 % 95.1 %
40 % 20 %
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 October 2017 was 15 , down 16.7 % from 18 last month and up 150.0 % from 6 in October of last year .
120 100
0 %
80 60 40
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
J
A S O
14
15
16
17
79
67
59
60 74 76 77 76 74 76
Inventory / New Listings / Sales
72 68 72 67 75 72
81
92 99 99 95 89 89
82 77 75
69
59 77 78 90 85 86
77 85 85
20 0
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
J
A
S O
14
15
16
17
Coldwell Banker Global Luxury SM | 11