CAR ARCHIVED April 2016 | Page 29

Market Action Report

April 2016

Yadkin

County: Yadkin

Agent Name
Title
Phone
Website
Other

Community Information | School District
Price Range: All | Properties: SFH - Con

Days On Market for Sold Properties
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 April was 129, up 34.4% from 96
days last month and up 37.2% from 94 days in April of last year.
The April 2016 DOM was at a mid level compared with April of
2015 and 2014.

3 Mo Avg

300
250
200
150

129

127
94

100
50
0

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Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The April 2016 Selling Price per Square Foot of $85 was down
80
4.3% from $89 last month and up 15.3% from 73 in April of last
75
year.
70
65
60
55
50

3 Mo Avg

85

73
65

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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
120%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
100%
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The April 2016 Selling Price vs Original List
Price of 92.8% was up from 89.2% last month and up from 91.9% 80%
in April of last year.
60%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
92.7%

92.8%

91.9%

40%
20%
0%
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117

114

134

130

146

135

157

145

172

160

158

147

158

151

151

144

148

169

157

176

170

162

169

159

161

153

146

168

154

165

170

167

162

164

159

200
180
160
140
120
100
80
60
40
20
0

157

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 April 2016 was 15, down 6.3% from 16 last month and down
51.6% from 31 in April of last year.

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Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Con
Data is provided courtesy of Charlotte Regional REALTOR Association, Triad MLS, Inc. 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.

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