CAR ARCHIVED August 2016 | Page 18

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

County : Iredell

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
$ 350,000
3 %
25 %
Average List Price of all Current Listings
$ 512,258
0 %
21 %
August Median Sales Price
$ 247,450
5 %
1 %
9 %
15 %
$ 224,900
5 %
5 %
August Average Sales Price
$ 322,857
1 %
1 %
20 %
15 %
$ 296,867
5 %
6 %
Total Properties Currently for Sale ( Inventory )
1,081
-5%
-13%
August Number of Properties Sold
298
20 %
15 %
1,897
7 %
August Average Days on Market ( Solds )
64 -10% -16% -7%
-25%
83
-2%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 129
2 %
-2%
9 %
8 %
$ 132
9 %
10 %
August Sold Price per Square Foot
$ 119
-0%
1 %
12 %
10 %
$ 114
7 %
6 %
August Month ' s Supply of Inventory
3.6 -21% -6% -25% -36%
4.9
-13%
-14%
August Sale Price vs List Price Ratio
95.4 %
. 3 %
. 3 %
. 7 %
2.1 %
94.6 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Iredell

Number of Properties Sold
3 Mo Avg
Property Sales
400
August Property sales were 298 , up 15.1 % from 259 in August of
2015 and 19.7 % higher than the 249 sales last month . August
350
Property Sales
2016 sales were at their highest level compared to August of
400
August Property sales were 298 , up 15.1 % from 259 in August of
300
2015 and 2014 . August YTD sales of 1,897 are running 6.7 %
2015 and 19.7 % higher than the 249 sales last month . August
350
2016 ahead sales of last were year at their
' s year-to-date highest level sales compared of 1,778 to . August of
250
300
2015 and 2014 . August YTD sales of 1,897 are running 6.7 %
200 ahead of last year ' s year-to-date sales of 1,778 .
250
Number of Properties Sold
3 Mo Avg
150
200
100
150
100
50
50
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
0
13
14
15
16
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
Prices
13
14
Median Sales
15 Price and Average Sales 16Price
3 Mo Avg
The Median Sales Price in August was $ 247,450 , up 9.0 % from
Prices
350
$ 227,000 in August of 2015 and up 4.9 % from $ 235,999 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median
. The Sales
Average
Price Sales in August
Price was in August
$ 247,450 was
, up $ 322,857 9.0 % from
, up
330
350
$ 227,000 in August of 2015 and up 4.9 % from $ 235,999 last
19.9 % from $ 269,172 in August of 2015 and up 1.0 % from
310 month . The Average Sales Price in August was $ 322,857 , up
330
$ 319,602 last month . August 2016 ASP was at the highest level
290
19.9 % from $ 269,172 in August of 2015 and up 1.0 % from
310 compared to August of 2015 and 2014 .
270
$ 319,602 last month . August 2016 ASP was at the highest level
290 compared to August of 2015 and 2014 .
270
250
250
230
230
210
210
190
190
170
170
150
150
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 1,081 Inventory , down 5.4 of % Properties from 1,143 available last month for sale and as down of August 13.2 %
1,600 was 1,081 , down 5.4 % from 1,143 last month and down 13.2 %
1,600 from 1,246 in August of last year . August 2016 Inventory was at
1,400 from its lowest 1,246 in level August compared of last with year . August of 2016 2015 Inventory and 2014 was . at
1,400
1,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
12.0
10.0
its 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 3.6
400 higher MSI is better for buyers . The August 2016 MSI of 3.6
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
180 190
180 190 181 165 141 121 141 190 186 230 224 219 217 212 169 187 141 154 208 216 239 287 274 259 238 207 160 205 134 184 208 226 253 345 249 298
1,443
1,415 1,313 1,260 1,240 1,270
Agent Name
181
Title Phone Website Other

Community Information | School District

165 141 121 141 190
1,443
1,415 1,313 1,260 1,240 1,270 1,341 1,389 186 230 224 219 217 212
1,341 1,389 1,388 1,399 1,403 1,343 1,304 1,265 1,209 1,105 1,097
169
1,388 1,399 1,403 1,343 1,304 1,265 1,209
187 141 154
1,094 1,105 1,187 1,097 1,170 1,094 1,242
208 216 239 287 274 259 238 207
1,187 1,170 1,242 1,277 1,255 1,246 1,236 1,224 1,134
1,277 1,255 1,246 1,236 1,224 1,134 1,068 1,023 997
160 205
1,053 1,123 1,113 134 184 208
1,166 1,143 1,081 226 253 345
1,068 1,023 997 1,053 1,123 1,113 1,166 1,143 1,081 249 298
18 | 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 .