CAR ARCHIVED August 2016 | Page 22

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

County : Mecklenburg

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
$ 339,900
1 %
28 %
Average List Price of all Current Listings
$ 482,557
3 %
19 %
August Median Sales Price
$ 232,500
3 %
2 %
13 %
14 %
$ 219,500
7 %
8 %
August Average Sales Price
$ 296,561
0 %
1 %
12 %
12 %
$ 282,447
6 %
7 %
Total Properties Currently for Sale ( Inventory )
3,564
-7%
-21%
August Number of Properties Sold
1,894
8 %
10 %
13,072
4 %
August Average Days on Market ( Solds )
38
0 %
0 %
-19% -28%
45
-18%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 138
1 %
0 %
2 %
6 %
$ 138
6 %
6 %
August Sold Price per Square Foot
$ 129
-2%
-2%
7 %
7 %
$ 128
7 %
7 %
August Month ' s Supply of Inventory
1.9 -14% -3% -28% -35%
2.3
-22%
-21%
August Sale Price vs List Price Ratio
97.6 %
. 0 %
-. 1 % 1.5 % 1.6 %
97.3 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
2,500 August Property sales were 1,894 , up 9.7 % from 1,727 in August of 2015 and 7.9 % higher than the 1,756 sales last month . August Property Sales 2016 sales were at their highest level compared to August of 2,5002,000 August Property sales were 1,894 , up 9.7 % from 1,727 in August 2015 and 2014 . August YTD sales of 13,072 are running 3.6 % of 2015 and 7.9 % higher than the 1,756 sales last month . August 2016 ahead sales of last were year at their
' s year-to-date highest level sales compared of 12,615 to .
August of 2,0001,500 2015 and 2014 . August YTD sales of 13,072 are running 3.6 % ahead of last year ' s year-to-date sales of 12,615 .
1,500 1,000

Mecklenburg

Agent Name
Title Phone Website Other

Community Information | School District

1,000 500
Number of Properties Sold
500
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 Price 15 and Average Sales 16Price
3 Mo Avg
The Median Sales Price in August was $ 232,500 , up 13.4 % from
Prices $ 205,000 in August of 2015 and up 3.1 % from $ 225,500 last Median Sales Price and Average Sales Price
290
3 Mo Avg
The month
Median . The
Sales Average
Price
Sales in August
Price was in August
$ 232,500 was
, up $ 296,561
13.4 % from
, up $ 205,000 in August of 2015 and up 3.1 % from $ 225,500 last 11.5 % from $ 265,861 in August of 2015 and up 0.2 % from 290 270 month . The Average Sales Price in August was $ 296,561 , up $ 295,931 last month . August 2016 ASP was at the highest level 11.5 % from $ 265,861 in August of 2015 and up 0.2 % from 270 250 compared to August of 2015 and 2014 . $ 295,931 last month . August 2016 ASP was at the highest level 250 230 compared to August of 2015 and 2014 .
230 210
210 190
190 170
1,241 1,285 1,093
1,241 1,285 1,093 1,205 999 887 1,222 1,385 1,595 1,677 1,661 1,566 1,425 1,365 1,073 1,399 1,015 1,032 1,508 1,593 1,742 2,118 1,880 1,727 1,606 1,460 1,148 1,506 953 1,175 1,570 1,708 1,842 2,174 1,756 1,894
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 3,564 Inventory , down 6.9 of % Properties from 3,827 available last month for sale and as down of August 21.0 %
7,000 was 3,564 , down 6.9 % from 3,827 last month and down 21.0 %
7,000 from 4,514 in August of last year . August 2016 Inventory was at
6,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0 from its lowest 4,514 in level August compared of last with year . August of 2016 2015 Inventory and 2014 was . at
6,000
5,000
5.0 its lowest level compared with August of 2015 and 2014 .
5,000
4,000
4.0
4,000
3,000
3.0
3,000
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
2,000
2.0 higher MSI is better for buyers . The August 2016 MSI of 1.9
2,000 higher MSI is better for buyers . The August 2016 MSI of 1.9 months was at its lowest level compared with August of 2015
1,000
1.0 months was at its lowest level compared with August of 2015
1,000 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
N
F M
D
A
J M
F
J
M
J
A
A
M J
J A
13
13
14
14
15
15
16
16
6.0
5.0
4.0
3.0
2.0
1.0
0.0
5,781 5,675
5,294 4,888 4,780 1,205 999
5,781 5,675
5,294 4,888 4,780
5,017 5,254
887 1,222 1,385 1,595
5,676 5,776
5,017 5,676
5,254 5,776 5,744 5,662 5,514
1,677 1,661
Number of Properties Sold
1,566 1,425 1,365
5,744 5,662 5,514 5,321 5,132 4,759
5,321 5,132
4,759 4,232 4,061 1,073 1,399 1,015 1,032 1,508 1,593 1,742 2,118 1,880
4,232 4,061 4,093 4,336 4,481 4,557 4,528 4,663 4,514 1,727 1,606 1,460
4,093 4,336 4,481 4,557 4,528 4,663 4,514 4,417 4,288
3,864 3,395 3,344 3,217
1,148 1,506 953 1,175
4,417 4,288
3,864 3,395 3,344 3,217 3,426
3 Mo Avg
1,570
3,426 3,589 3,747 3,812 3,827 3,564 1,708 1,842
3,589 3,747 3,812
3 Mo Avg
2,174 1,756
3,827 3,564
1,894
22 | 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 .