FL ARCHIVED March 2018 | Page 46

Market Action Report
City: Punta Gorda Report
PUNTA
Market Action GORDA
March 2018
Agent Name
March 2018
Title
Phone Name
Agent
Website
Title
Other
Phone
Trending versus*:
Website LM L3M PYM LY
Month
Other -2%
$1,350,000
-6%
City: Punta Gorda
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up of
| Properties:
SFH - Con
Median
List Price
all Current
Listings
$1,538,028
Month
$1,150,000
$1,350,000
$1,150,000
$1,538,028
29
$1,150,000 1
$1,150,000 0
Total
Properties
Currently
for
Sale
(Inventory)
29
Asking Price per Square Foot (based on New Listings)
$374
March
Number
of
Properties
Sold
March Sold Price per Square Foot
$356 1
March
Average
Days
on
Market
(Solds)
0
March Month's Supply of Inventory
29.0
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$374
March Sale Price vs List Price Ratio
92.0%
March
Square
Foot Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date $356
* LM=Last Sold
Month / Price
L3M=Last per
3 Months
/ PYM=Same
March Month's Supply of Inventory
29.0
March
Sale Price
92.0%
Property
Sales vs List Price Ratio
-4%
0% -100%
0%
5% -4.2%
-2%
-4%
0% 0%
-4.2%
3
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors |
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 March was 0, up from 0 days last
month and up from 0 days in March of last year. The March
2018 DOM was at its lowest level compared with March of 2017
and 2016.
Trending versus*:
Prior
YTD Prior
Year
-21%
-12%
-16%
-21%
0%
-21%
0% -12%
-16%
-100%
$366
-10%
0%
-9%
$356 1 -22%
-100%
0
0%
0% 41%
29.0
16%
-2% 4.0%
2%
$366
-10%
92.0%
5%
-9%
$356
-22%
0%
41% of Properties
29.0 Sold
16%
Number
4.0%
92.0%
5% 0%
-9%
-100%
41%
0%
4%
-9%
41%
4%
$1,150,000 1
$1,150,000 0
3 Mo Avg
3 Mo Avg
100
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 March 2018 Selling Price per Square Foot of $356 was up
from $0 last month and up from 0 in March of last year.
3 Mo Avg
550
500
450
400
356
350
250
200
0
0
Median Sales Price and Average Sales Price
3 Mo Avg
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 N D J F M
15
16
17
18
-1
2,200
Median Sales Price and Average Sales Price
2,000
1,800
2,200
1,600
2,000
1,400
1,800
1,200
1,600
1,000
1,400
3 Mo Avg
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 March 2018 Selling Price vs Original
List Price of 92.0% was up from 0.0% last month and up from
0.0% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
92.0%
100%
80%
60%
40%
20%
0%
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 N D J F M
15
16
17
18
0
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 N D J F M
Price Range: $1,000,000 and Up | Property Types: SFH - Con
15
16
17
18
10.0
25.0
5
0.0
15.0 0
5.0
0.0
15
5.0
20.0
10.0
20
10
25
20.0
35.0
15.0
30.0
20 5
15
30
20
35
25.0
30.0
Total Inventory & Month's Supply of Inventory (MSI)
25
30
30
35
35
Inventory / New Listings / Sales
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 March 2018 was 8, up 300.0% from 2 last month and up
166.7% from 3 in March of last year.
Total Inventory & Month's Supply of Inventory (MSI)
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 N D J F M
15
16
17
18 35.0
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 N D J F M
15
16
17
18
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 N D J F M
15
16
17
18
1,000
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 N D J F M
15
16
17
18
2
150
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 N D J F M
15
16
17
18
5
150
300
1
-1
10
200
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 N D J F M
15
16
17
18
2
1
15 0
3 Mo Avg
250
0
2
1
10
25
Title
Phone
Website
Other
50
2
Inventory & MSI
YTD
$1,150,000
$1,150,000
Market Time
Number of Properties Sold
1,200
The Total Inventory of Properties available for sale as of March
was 29, up 31.8% fr