ATL ARCHIVED February 2016 | Page 8

MARKET ACTION REPORT

County: Cherokee
MARKET
ACTION REPORT

County: Cherokee

Cherokee

February 2016

Agent Name

Title
Phone Name
Agent
Website
Title
Other
Phone

Community Information | School District

Price Range: $1,000,000 and Up | Properties: SFH - Condo

Website Trending versus*:
Other

Price
Range: $1,000,000
and&
Up Trends
| Properties: SFH
- Condo
Market
Profile
Overview

Month

LM

$1,397,000
$1,841,756
Month
$0
$1,397,000
$0
$1,841,756
26
$0
$00
260
0.0
0
0.0%
0

Median List Price of all Current Listings
Average List
Price of&
allTrends
Current Listings
Market
Profile
Overview
February
Median
Sales
Price Listings
Median
List
Price of
all Current
February
Average
Sales
Price Listings
Average
List
Price of
all Current
Total Properties
for Sale (Inventory)
February
Median Currently
Sales Price
February
Number
of
Properties
Sold
February Average Sales Price
February
Average
Days onfor
Market
(Solds)
Total
Properties
Currently
Sale (Inventory)
February
Month's
Supply
of
Inventory
February Number of Properties Sold
FebruaryAverage
Sale Price
vs List
Price Ratio
February
Days
on Market
(Solds)

L3M PYM

Trending versus*:
0%
16%

-3%
LM

32%
L3M PYM

February 2016

Trending versus*:
LY

YTD

Prior YTD

LY

0% -100% -100%
16% -100%
-3% -100% -100%
32% -100%
8% -100% -100%
37% -100%
-100% -100%
-100% -100%
-100%
-100%
8%
37% -100%
-100%
-100% -100%
#### -100%
#### -100%
####
-100%

YTD

$1,200,000
$0
$1,200,000
0
$0
0
0.00
0.0%0

Prior YTD
-9%

Prior Year
-9%

-9%
-100%
-100%

-9%

-100%
-100%

-100%
-100%
-100.0%
-100%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

0.0
0.0%

February Month's Supply of Inventory
February Sale Price vs List Price Ratio

-100% -100%

0.0
0.0%

-100%

Number of Properties Sold

#### #### ####

-100.0%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / 3YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales

Number of Properties Sold

3 Mo Avg

0
0
1
0
0
0
0
0
1
2
0
2
2
1
1
1
1
0
2
1
0
1
0
2
1
2
0
0
0
1
0
0
1
0
0
0

2,600
Median Sales Price and Average Sales Price
2,400
(000's)
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)
2,200
2,800
2,000
2,600
1,800
2,400
1,600
2,200
1,400
2,000
1,200
1,800
1,000
1,600
1,400 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 N D J F
13
14
15
16
1,200
1,000

M A M J Total
J A S O
N D J F M&
A M
J J A S Supply
O N D J of
F MInventory
A M J J A S(MSI)
O N D J F
Inventory
Month's
13
14
15
16
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

40

29

33

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
28
28
30
30

33

30
40
25
35
20
30
15
25
10
20
5
15
0
10

36
36
33
33
35
35
34
34
34
34
34
34
34
34
35
35
33
33
36
36
37
37
35
35
32
32
23
23
22
22
19
19
21
21
18
18
21
21
21
21
21
21
23
23
26
26
28
28
26
26
23
23
24
24
26
26

Total Inventory & Month's Supply of Inventory (MSI)

35

29

36.8% from 19 in February of last year. February 2016
Inventory was at a mid level compared with February of
A comparatively
2015
and 2014. lower MSI is more beneficial for sellers
while a higher MSI is better for buyers. The February
2016 MSI of 0.0 months was at a mid level compared
February oflower
2015MSI
and is
2014.
Awith
comparatively
more beneficial for sellers

-100%

3 Mo Avg
-100.0%

Sales
Price
Price
M A M J J Median
A S O N D
J F M
A M Jand
J AAverage
S O N D Sales
J F M A
M J J A S O N D J F
3 Mo Avg
13
14 same # of properties sold above and15below the Median)
16
Median means Middle (the
2,800

28
28
30
30

Inventory & MSI

The Total Inventory of Properties available for sale as of
February was 26, up 8.3% from 24 last month and up
36.8% from 19&inMSI
February of last year. February 2016
Inventory
Inventory
was at a mid
level compared
withfor
February
of
The
Total Inventory
of Properties
available
sale as of
2015 andwas
2014.
February
26, up 8.3% from 24 last month and up

-100%

-100.0%
-100%

(000's)

24
25

The Median Sales Price in February was $0, down
100.0% from $1,325,000 in February of 2015 and
Prices
up from $0 last month. The Average Sales Price in
The
Median
Sales
February
was
$0, down in
February
was
$0,Price
downin
100.0%
from
$1,325,000
100.0%
from
$1,325,000
February
2015 and
February
of 2015
and up in
from
$0 lastofmonth.
up
from $0
lastASP
month.
Average
Sales
Price into
February
2016
was The
at a mid
range
compared
February
$0, down
100.0% from $1,325,000 in
Februarywas
of 2015
and 2014.
February of 2015 and up from $0 last month.
February 2016 ASP was at a mid range compared to
February of 2015 and 2014.

-100%
-100%

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 N D J F
13
14
15
16

0

Prices

-100%

0
0
1
0
0
0
0
0
1
2
0
2
2
1
1
1
1
0
2
1
0
1
0
2
1
2
0
0
0
1
0
0
1
0
0
0

2
3
2
2
1
2
1
1
0
1

24
25

February Property sales were 0, down 100.0% from
2 in February of 2015 and higher than the 0 sales
Property
last month.Sales
February 2016 sales were at their
February
Property
salestowere
0, down
100.0%
lowest level
compared
February
of 2015
andfrom
22014.
in February
of 2015
the 0100.0%
sales
February
YTD and
saleshigher
of 0 arethan
running
last
month.
2016 salessales
wereofat2.their
behind
last February
year's year-to-date
lowest level compared to February of 2015 and
2014. February YTD sales of 0 are running 100.0%
behind last year's year-to-date sales of 2.

Prior Year

Trending versus*:

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 N D J F
while a higher MSI is better for buyers. The February
13
14
15
16
2016 MSI of 0.0 months was at a mid level compared
5
Copyright
© Coldwell
Banker
Types: SFH - Condo
with
February
of 2015
and| Price
2014.Range: $1,000,0 00 and Up | Property
Data is provided courtesy of First Multiple Listing Service: FMLS Atlanta, Georgia 1 and may not0 reflect all relevant real estate activity. Coldwell Banker

A toMverify
J any
J A
O N D relevant
J F M
A M
J J ArealSestate
O N
D J F M A M J J A S O N D J F
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer orM
seller
andS
all information
to such
consumer’s
transaction.
13

Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo

14

15

Data is provided courtesy of First Multiple Listing Service: FMLS Atlanta, Georgia 1 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.

8 | c o l dw el l b a n k er h o m es.c o m

16

40

35
30
40
25
35
20
30
15
25
10
20
5
15
0
10

5
0