CAR ARCHIVED August 2016 | Page 16

Market Action Report August 2016
Community Information | School District
Market Action Report August 2016

County : Gaston

Price Range : All | Properties : SFH - Con
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
$ 181,995
7 %
30 %
Average List Price of all Current Listings
$ 231,406
0 %
29 %
August Median Sales Price
$ 157,000
3 %
1 %
11 %
10 %
$ 150,000
4 %
5 %
August Average Sales Price
$ 183,441
12 %
5 %
1 %
13 %
$ 168,895
3 %
4 %
Total Properties Currently for Sale ( Inventory )
714
-7%
-37%
August Number of Properties Sold
277
20 %
34 %
1,928
9 %
August Average Days on Market ( Solds )
52 -33% -28% -39% -37%
78
-9%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 92
-4%
-2%
7 %
8 %
$ 92
7 %
8 %
August Sold Price per Square Foot
$ 91
4 %
4 %
10 %
13 %
$ 85
5 %
5 %
August Month ' s Supply of Inventory
2.6 -22% -8% -53% -49%
3.6
-32%
-29%
August Sale Price vs List Price Ratio
96.0 %
-. 3 %
. 3 %
2.6 % 2.7 %
94.8 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
350 August Property sales were 277 , up 34.5 % from 206 in August of 2015 and 19.9 % higher than the 231 sales last month . August 300 Property Sales 2016 sales were at their highest level compared to August of 350 August Property sales were 277 , up 34.5 % from 206 in August of 2015 and 2014 . August YTD sales of 1,928 are running 8.9 % 250 2015 and 19.9 % higher than the 231 sales last month . August 300 2016 ahead sales of last were year at their
' s year-to-date highest level sales compared of 1,771 to .
August of
200 2015 and 2014 . August YTD sales of 1,928 are running 8.9 % 250 ahead of last year ' s year-to-date sales of 1,771 .
150 200
150 100 100 50 0

Gaston

Agent Name
50
Number of Properties Sold
0
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 J
J
A
13
14
15
16
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 J
14
Median Sales
15 Price and Average Sales 16Price
J
A
3 Mo Avg
Median Sales Price and Average Sales Price
166 165 174 179 122 135 158 205 197 208 236 226 197 201 177 194 165 173 203 223 237 270 294 206 262 211 200 220 164 182 223 261 279 311 231 277
S
13
166 165 174
Prices
The Median Sales Price in August was $ 157,000 , up 10.8 % from
Prices
200
$ 141,700 in August of 2015 and up 3.3 % from $ 152,000 last
The month Median
. The Sales
Average
Price Sales in August
Price was in August
$ 157,000 was
, up $ 183,441 10.8 % from
, up
190
200
$ 141,700 in August of 2015 and up 3.3 % from $ 152,000 last
0.7 % from $ 182,194 in August of 2015 and up 12.2 % from
180 month . The Average Sales Price in August was $ 183,441 , up
190
$ 163,517 last month . August 2016 ASP was at the highest level
170
0.7 % from $ 182,194 in August of 2015 and up 12.2 % from
180 compared to August of 2015 and 2014 .
160
$ 163,517 last month . August 2016 ASP was at the highest level
170 compared to August of 2015 and 2014 .
160
150
150
140
3 Mo Avg
140
130
130
120
120
110
110
100
100
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 J
J
A
S
O13N D
J
F
14 M A M J
J
A S O N D
J
F M15A M J
J
A S O N D
J
F M
16 A M J
J
A
13
14
15
16
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 714 , Inventory down 6.9 % of from Properties 767 last available month for and sale down as of 37.2 August % from
1,600 was 714 , down 6.9 % from 767 last month and down 37.2 % from
1,600
1,137 in August of last year . August 2016 Inventory was at its
1,400
1,137 lowest in August level compared of last year with . August August 2016 of 2015 Inventory and 2014 was at . its
1,400
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
12.0
10.0
lowest level compared with August of 2015 and 2014 .
1,200
1,000
1,000
8.0
800
800
6.0
600
A comparatively lower MSI is more beneficial for sellers while a
600
A comparatively lower MSI is more beneficial for sellers while a
4.0 higher MSI is better for buyers . The August 2016 MSI of 2.6
400 higher MSI is better for buyers . The August 2016 MSI of 2.6
400 months was at its lowest level compared with August of 2015
200
2.0 months was at its lowest level compared with August of 2015
200 and 2014 .
0 and 2014 .
0
0.0
S
O
S N
O D
N J
D
F M
J
A
F M
J
A M
J 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
J S O
J A N D
S O J
F
N
M
D
A
J M
F
J
M
J
A
A
M J
J A
13
13
14
14
15
15
16
16
8.0
6.0
4.0
2.0
0.0
1,511
1,453 1,353 1,295
Title Phone Website Other

Community Information | School District

179 122
1,256 1,257 1,274 135 158 205 197 208 236
1,295 1,303 1,326 1,315 1,297 1,320 1,257 1,193 1,126 1,121 1,144
Number of Properties Sold
226 197
1,511
1,453 1,353 1,295 1,256 1,257 1,274 1,295 1,303 1,326 1,315 1,297 1,320 1,257 201 177 194 165 173 203 223 237 270 294 206 262 211
1,125 1,118 1,103 1,068 1,113 1,137 1,086 1,065 1,020 962 923 857 846
200
1,193 1,126 1,121 1,144 1,125 1,118 1,103 1,068 1,113 1,137 1,086 1,065 1,020 962 923 220 164 182
812 793 789 767 714
3 Mo Avg
223 261 279 311
857 846 812 793 789 767 714
3 Mo Avg
231 277
16 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | 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 Residential Brokerage 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 .