FL ARCHIVED January 2017 | Page 47

Punta Gorda Community Information | School District

Punta Gorda 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 January was 93 , up 9.4 % from 85 days last month and up 27.4 % from 73 days in January of last year . The January 2017 DOM was at a mid level compared with January of 2016 and 2015 .
140 120 100 80 60
113
73
93
40
20
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 January 2017 Selling Price per Square Foot of $ 145 was down 4.8 % from $ 152 last month and up 2.1 % from 142 in January of last year .
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 January 2017 Selling Price vs Original List Price of 94.3 % was up from 94.2 % last month and down from 94.8 % in January of last year .
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 January 2017 was 308 , up 48.8 % from 207 last month and up 34.5 % from 229 in January of last year .
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Selling Price per Square Foot
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
96 % 95 % 94 % 93 % 92 % 91 % 90 % 89 % 88 %
122
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142
Selling Price versus Listing Price Ratio
92.1 %
87 %
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M A M J
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A S O N D
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F M A M J
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Inventory / New Listings / Sales
1,400 1,200 1,000 800 600 400 200
1,150 1,094 1,044 980
913
785
Avg Selling Price divided by Avg Listing Price for sold properties during the month
767 778 829 846 855 946 948
872
805 716 674 642 643 626 699 734 748
94.8 %
793 855 861 842 767 765 716 682 685
3 Mo Avg
748 845 885
145
94.3 %
954
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