CAR ARCHIVED April 2016 | Page 7
Market Action Report
County: Alexander
April 2016
Alexander
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 143, up 11.7% from 128
days last month and up 1.4% from 141 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
350
300
250
200
143
141
136
150
100
50
0
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
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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
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The April 2016 Selling Price per Square Foot of $111 was up
51.1% from $73 last month and up 17.7% from 94 in April of last
year.
3 Mo Avg
190
170
150
130
111
110
94
91
90
70
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
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14
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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
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
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 94.2% was up from 91.3% last month and up from 92.4%
in April of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
94.2%
92.4%
89.4%
80%
60%
40%
20%
0%
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
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
40
64
62
59
56
72
55
67
79
74
79
77
80
70
82
74
74
80
89
85
102
94
93
98
95
95
89
87
94
85
78
79
75
60
78
80
89
100
97
120
75
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 16, down 27.3% from 22 last month and up
23.1% from 13 in April of last year.
20
0
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
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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 c