CAR ARCHIVED August 2016 | Page 17

Market Action Report

August 2016

Gaston

County: Gaston

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 August was 52, down 33.3% from
78 days last month and down 38.8% from 85 days in August of
last year. The August 2016 DOM was at its lowest level
compared with August of 2015 and 2014.

3 Mo Avg

120
100

90

85

80
60

52

40
20
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
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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
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more normalized indicator on the direction of Property values.
The August 2016 Selling Price per Square Foot of $91 was up
80
4.1% from $88 last month and up 10.4% from 83 in August of
75
last year.
70
65
60
55
50

3 Mo Avg
91

83
78

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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 August 2016 Selling Price vs Original
List Price of 96.0% was down from 96.3% last month and up
from 93.6% in August of last year.

3 Mo Avg

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

98%

96.0%

96%
94%

93.6%

92.7%

92%
90%
88%
86%
84%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

714

789

767

812

793

857

846

962

923

1,065

1,020

1,137

1,086

1,113

1,068

1,118

1,103

1,144

600

1,125

1,121

1,193

800

1,126

1,320

1,257

1,297

1,326

1,315

1,303

1,295

1,274

1,257

1,256

1,000

1,353

1,200

1,295

1,400

1,511

1,600
1,453

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 August 2016 was 324, up 10.6% from 293 last month and
down 8.2% from 353 in August of last year.

400
200
0
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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.

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