CAR ARCHIVED April 2016 | Page 6

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
$ 279,450
4 %
47 %
Average List Price of all Current Listings
$ 303,912
7 %
11 %
April Median Sales Price
$ 271,450
#### 77 %
41 %
102 %
$ 153,000
24 %
14 %
April Average Sales Price
$ 271,050
91 %
43 %
32 %
68 %
$ 189,321
29 %
18 %
Total Properties Currently for Sale ( Inventory )
64
3 %
-20%
April Number of Properties Sold
6
-40%
-45%
24
-29%
April Average Days on Market ( Solds )
143
12 %
6 %
1 %
22 %
135
5 %
15 %
Asking Price per Square Foot ( based on New Listings )
$ 111
-4%
-7%
14 %
10 %
$ 119
16 %
18 %
April Sold Price per Square Foot
$ 111
51 %
30 %
18 %
37 %
$ 85
8 %
5 %
April Month ' s Supply of Inventory
10.7
72 %
12 %
47 %
-2%
11.8
17 %
8 %
April Sale Price vs List Price Ratio
94.2 %
3.2 % 1.4 % 1.9 %
3.3 %
92.9 %
2 %
2 %
* 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 )
Property Sales April Property sales were 6 , down 45.5 % from 11 in April of 2015 and 40.0 % lower than the 10 sales last month . April 2016 sales were at their lowest level compared to April of 2015 and 2014 . April YTD sales of 24 are running 29.4 % behind last year ' s yearto-date sales of 34 .
Prices The Median Sales Price in April was $ 271,450 , up 41.4 % from $ 192,000 in April of 2015 and up 134.0 % from $ 116,000 last month . The Average Sales Price in April was $ 271,050 , up 31.7 % from $ 205,864 in April of 2015 and up 91.4 % from $ 141,590 last month . April 2016 ASP was at the highest level compared to April of 2015 and 2014 .
18 16 14 12 10 8 6 4 2 0
300
250
200
150
100
50
18 16 14 12 10 8 6 4 2 0
M 13
300
250
200
150
100
9
M
3 8
9 3 8 8 11 8 11 9 2
13
J
J
A
S
O N D
J
14
3 9
J J A S O N D J
Number of Properties Sold
8 6
9 2 3 9 8 6 6 5 6 5 13 10
14
F M A M
J
J
A
S
O N D
J
15
13 10 1 7
1
Median Sales Price and Average Sales Price
7 12
12 12 6 5 8 10 11 10 17 3
15
F M A M
J
J
A
S
O N D
J
16
3 Mo Avg
50
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
M 13
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
12 6 5 8 10
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
11 10 17 3 13 12 5 4
13 12 5 4 6 3 5
6 10
3 6
3 Mo Avg
3 Mo Avg
5 10 6
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of April was 64 , up 3.2 % from 62 last month and down 20.0 % from 80 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 10.7 months was at a mid level compared with April of 2015 and 2014 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
120
120 120.0
100
100 100.0
80 80
80.0
60 60
60.0
40 40
40.0
20 20
20.0
0 0
0.0
M 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
F M
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
75 78 79
75 85 78
75 78 79 75 78
85 94 89 89 87 95 98 95 94 93 102 97
94 89 89 87 95 98 95 94 93 102 97
85 89
85 89
74 74
82
80 74
80 74 82
80 80
70 77 79
70 79 74
77 79 79 74
67 72
67 72
55 56 59 62 55 64 56
59 62 64
120.0 100.0 80.0 60.0 40.0 20.0 0.0
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