Community Information | School District
Cabarrus
Agent Name
Title Phone Website Other
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 |
$ 254,900 |
0 % |
|
19 % |
|
|
|
|
Average List Price of all Current Listings |
$ 311,907 |
3 % |
|
18 % |
|
|
|
|
April Median Sales Price |
$ 184,000 |
-1% |
1 % |
-1% |
-1% |
$ 182,500 |
3 % |
-2% |
April Average Sales Price |
$ 194,881 |
-7% |
-4% |
-6% |
-6% |
$ 202,463 |
2 % |
-2% |
Total Properties Currently for Sale ( Inventory ) |
725 |
3 % |
|
-24% |
|
|
|
|
April Number of Properties Sold |
251 |
-8% |
|
1 % |
|
879 |
7 % |
|
April Average Days on Market ( Solds ) |
58 |
-27% -19% |
-9% |
-11% |
72 |
-3% |
11 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 103 |
3 % |
3 % |
8 % |
7 % |
$ 100 |
5 % |
4 % |
April Sold Price per Square Foot |
$ 90 |
-4% |
-1% |
0 % |
-1% |
$ 91 |
3 % |
0 % |
April Month ' s Supply of Inventory |
2.9 |
11 % |
-5% |
-25% -23% |
3.3 |
-28% |
-11% |
April Sale Price vs List Price Ratio |
96.8 % |
1.7 % 1.2 % 1.6 % |
1.9 % |
95.7 % |
2 % |
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 )
350 Property Sales
400 April Property sales were 251 , up 0.8 % from 249 in April of 2015 300
and 7.7 % lower than the 272 sales last month . April 2016 sales 350 were at their highest level compared to April of 2015 and 2014 . 250
300
April YTD sales of 879 are running 7.1 % ahead of last year ' s yearto-date sales of 821 .
250
200 150
200 100
150 50
100
Prices The Median Sales Price in April was $ 184,000 , down 0.5 % from $ 185,000 in April of 2015 and down 0.5 % from $ 184,950 last month . The Average Sales Price in April was $ 194,881 , down 5.8 % from $ 206,929 in April of 2015 and down 6.5 % from $ 208,522 last month . April 2016 ASP was at a mid range compared to April of 2015 and 2014 .
50 0
400
0
Number of Properties Sold
254 242 260 220 192 213 204 232 168 171 183 195 241 276 294 325 236 267 194 249 179 168 225 249 271 343 365 272 285 257 205 274 172 184 272 251
M 13
250 240
250 230
240 220
230
210 220 210
200
200 190
190 180
180 170
170 160
160 150
150 M 13
254
M
242 260 220 192 213 204
232 168
J J A S O N D J
171 183 195 241 276 294 325
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
236
267
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
|
194 249 179 168 225
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 |
249 271 343 365 272 285 257 205 274 172
3 Mo Avg
184 272 251
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of April was 725 , up 2.8 % from 705 last month and down 24.2 % from 957 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 .
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,400 1,400
8.0
1,200 1,200
7.0
1,000 1,000
6.0
800 5.0
800 600
4.0 600
400 3.0
400 200
200 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 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 13
14 14
15 15
16 16
1,137
1,152
1,214 1,137
1,258 1,152
1,259 1,214
1,221 1,258
1,174 1,259
1,114 1,221
1,100 1,174
1,131 1,114
1,175 1,100
1,131 1,175 1,192 1,221 1,191 1,159 1,120 1,083
1,192 1,221 1,191 1,159 1,120 1,083 1,018 994
904 1,018
994 904 915 901 954 957 966 922 960 954 976 934 866
915 901 954 957 966 922 960 954 976 934 866
743 727 677
743 727 677 705 725
705
725
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
8 | c o l d w e l l b a n k e r h o m e s . c o m