CAR ARCHIVED April 2016 | Page 26

Community Information | School District

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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
$ 396,253
7 %
28 %
Average List Price of all Current Listings
$ 495,477
7 %
22 %
April Median Sales Price
$ 267,000
11 %
11 %
14 %
14 %
$ 240,000
6 %
2 %
April Average Sales Price
$ 325,689
13 %
10 %
17 %
12 %
$ 296,601
7 %
2 %
Total Properties Currently for Sale ( Inventory )
954
1 %
-21%
April Number of Properties Sold
334
11 %
9 %
1005
1 %
April Average Days on Market ( Solds )
59
-20% -13% -21% -13%
68
-13%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 123
2 %
2 %
9 %
7 %
$ 121
7 %
5 %
April Sold Price per Square Foot
$ 112
6 %
4 %
8 %
7 %
$ 108
6 %
3 %
April Month ' s Supply of Inventory
2.9
-9%
-19% -28% -27%
4.0
-16%
3 %
April Sale Price vs List Price Ratio
97.2 %
. 7 %
1.0 % 1.3 %
1.7 %
96.2 %
1 %
1 %
* 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 334 , up 8.8 % from 307 in April of 2015 and 11.3 % higher than the 300 sales last month . April 2016 sales were at their highest level compared to April of 2015 and 2014 . April YTD sales of 1,005 are running 0.9 % ahead of last year ' s year-to-date sales of 996 .
Prices The Median Sales Price in April was $ 267,000 , up 13.7 % from $ 234,900 in April of 2015 and up 10.6 % from $ 241,450 last month . The Average Sales Price in April was $ 325,689 , up 16.9 % from $ 278,645 in April of 2015 and up 12.9 % from $ 288,567 last month . April 2016 ASP was at the highest level compared to April of 2015 and 2014 .
500 450
500 400
450 350
400 300
350 250 300
200
250 150
200 100
150 50
100
0 50 0 M 13
350 330
350 310
330 290
310
270 290 270
250
250 230
230 210
210 190
190 170
170 150
150 M 13
350
M
331 352 346 254 264 253
Number of Properties Sold
350 331 352 346 254 264 253 280 191 184 262 277 282 431 389 406 329 311 238 286 178 203 308 307 365 434 403 358 325 300 233 295 172 199 300 334
13
J
J
A
S
O N D
J
14
280 191
J J A S O N D J
184 262 277 282 431 389 406
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
329
311
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
238 286 178 203 308
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
307 365 434 403 358 325 300 233 295 172 199 300 334
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of April was 954 , up 1.3 % from 942 last month and down 21.4 % from 1,213 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 2.9 months was at its lowest level compared with April of 2015 and 2014 .
1,600 1,6001,400
1,400 1,200
1,200 1,000
1,000
800 800 600 400 200
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,357 1,352 1,423 1,454 1,444 1,407
1,314 1,230 1,223 1,246
600 400 200 0
M
13
1,357 1,352 1,423 1,454 1,444 1,407
1,314 1,230 1,223 1,246
1,318 1,370
1,414 1,475 1,417 1,415 1,324 1,262
1,414
1,318 1,475 1,370 1,417
1,415 1,324 1,262
1,180 1,083
1,180 1,083 1,081 1,093 1,146 1,213
1,081 1,093 1,146 1,213 1,232 1,226
1,232 1,226 1,255 1,195 1,165 1,117 1,046
1,255 1,195 1,165 1,117 1,046 927 933 921 942 954
J
M J
J A
J S
A O 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
13
14 14
15 15
16 16
8.0 7.0 6.0 5.0
927 933 921
4.0
942
954
3.0 2.0 1.0 0.0 F M A
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
26 | c o l d w e l l b a n k e r h o m e s . c o m