CAR ARCHIVED April 2016 | Page 12

Community Information | School District

Davidson

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Community Information | School District

Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 184,900
1 %
6 %
Average List Price of all Current Listings
$ 238,118
1 %
9 %
April Median Sales Price
$ 144,900
9 %
4 %
7 %
6 %
$ 139,900
1 %
2 %
April Average Sales Price
$ 184,251
13 %
7 %
21 %
15 %
$ 172,176
16 %
7 %
Total Properties Currently for Sale ( Inventory )
805
8 %
-16%
April Number of Properties Sold
123
-5%
13 %
419
11 %
April Average Days on Market ( Solds )
122
-6%
-1%
-5%
7 %
123
-7%
8 %
Asking Price per Square Foot ( based on New Listings )
$ 100
0 %
2 %
10 %
8 %
$ 98
7 %
5 %
April Sold Price per Square Foot
$ 92
13 %
10 %
22 %
15 %
$ 84
12 %
5 %
April Month ' s Supply of Inventory
6.5
13 %
-0%
-26% -25%
7.6
-27%
-13%
April Sale Price vs List Price Ratio
91.8 %
-. 3 %
. 4 %
1.3 %
. 5 %
91.4 %
1 %
0 %
* 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 )
3 Mo Avg
Property Sales April Property sales were 123 , up 12.8 % from 109 in April of 2015 and 4.7 % lower than the 129 sales last month . April 2016 sales were at their highest level compared to April of 2015 and 2014 . April YTD sales of 419 are running 10.8 % ahead of last year ' s year-to-date sales of 378 .
Prices The Median Sales Price in April was $ 144,900 , up 6.9 % from $ 135,490 in April of 2015 and up 9.4 % from $ 132,500 last month . The Average Sales Price in April was $ 184,251 , up 20.7 % from $ 152,666 in April of 2015 and up 12.8 % from $ 163,363 last month . April 2016 ASP was at the highest level compared to April of 2015 and 2014 .
140
160 120
140 100
120 80
100 60
80 40
60
20 40 20 0
160
0
Number of Properties Sold
120 107 85 126 102 113 86 98 62 87 97 97 122 118 108 112 104 111 100 108 76 67 126 109 123 134 152 137 128 106 74 115 70 97 129 123
M 13
200 190
200 180
190 170
180
160 170 160
150
150 140
140 130
130 120
120 110
110 100
100 M 13
120
M
107 85 126 102 113 86
13
J
J
A
S
O N D
J
14
98 62
J J A S O N D J
87 97 97 122 118 108 112
14
F M A M J
J
A
S
O N D
J
15
15
F M A M J
J
A
S
O N D
J
16
Median Sales Price and Average Sales Price
104
111
3 Mo Avg
3 Mo Avg
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 A
J
13J
A
S
O N D
J 14
F
14 M A M J
J
A
S
O N D
J 15
F M15A M J
J
A
S
O N D
J 16
F M
A16
100 108 76 67 126
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
16
F M A
109 123 134 152 137 128 106 74 115 70 97 129 123
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of April was 805 , up 7.8 % from 747 last month and down 16.2 % from 961 in April of last year . April 2016 Inventory was at its lowest level compared with April of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The April 2016 MSI of 6.5 months was at its lowest level compared with April of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,400 1,400
20.0
1,200 1,200
1,000 1,000
15.0
800 800
600 10.0
600 400
400 5.0
200 200
0 0
0.0
M J
M J
J A
J S O
A
N
S
D
O N J F
D
M
J
A
F M
J
A
J
M A
J S
J O
A N
S D
O J
N F
D M
J A M
F M J
A J
M A S
J
O
J
N
A
D
S
J
O
F
N
M
D A
J F M A
13 13
14 14
15 15
16 16
1,141 1,177 1,197 1,237 1,205 1,199 1,179
1,141 1,177 1,197 1,237 1,205 1,199 1,179 1,071 1,084 1,098
1,071 1,084 1,098 1,115 1,134 1,152 1,177 1,192 1,188 1,139 1,111 1,060
1,115 1,134 1,152 1,177 1,192 1,188 1,139 1,111 1,060 958 941 896 958 941 896 920 961 996 984 970 966 945 890
920 961 996 984 970 966 945 890 829 786 756 711
829 786 756 711
747 805
747
805
20.0
15.0
10.0
5.0
0.0
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