CAR ARCHIVED August 2016 | Page 24

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

County : Rowan

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
$ 159,900
-2%
16 %
Average List Price of all Current Listings
$ 231,889
0 %
13 %
August Median Sales Price
$ 137,450
2 %
0 %
19 %
15 %
$ 132,500
11 %
11 %
August Average Sales Price
$ 151,350
-3%
-5%
16 %
6 %
$ 152,555
11 %
7 %
Total Properties Currently for Sale ( Inventory )
512
-8%
-33%
August Number of Properties Sold
128
29 %
8 %
874
10 %
August Average Days on Market ( Solds )
79
7 %
-11% -29% -31%
95
-21%
-17%
Asking Price per Square Foot ( based on New Listings )
$ 88
-1%
0 %
6 %
7 %
$ 87
6 %
6 %
August Sold Price per Square Foot
$ 83
2 %
1 %
21 %
13 %
$ 79
10 %
8 %
August Month ' s Supply of Inventory
4.0 -29% -11% -39% -48%
5.6
-28%
-27%
August Sale Price vs List Price Ratio
93.6 %
. 8 %
1.1 % 8.2 % 5.6 %
91.3 %
3 %
3 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Rowan

75 90
Agent Name
66
Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
160
August Property sales were 128 , up 8.5 % from 118 in August of
2015 and 29.3 % higher than the 99 sales last month . August
140
Property Sales
2016 sales were at their highest level compared to August of
160
August Property sales were 128 , up 8.5 % from 118 in August of
120
2015 and 2014 . August YTD sales of 874 are running 10.1 %
2015 and 29.3 % higher than the 99 sales last month . August
140
2016 ahead sales of last were year at their
' s year-to-date highest level sales compared of 794 . to August of
100
120
2015 and 2014 . August YTD sales of 874 are running 10.1 %
80 ahead of last year ' s year-to-date sales of 794 .
100
Number of Properties Sold
3 Mo Avg
80
60
60
40
40
20
20
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 $ 137,450 , up 18.8 % from
Prices
$ 115,700 in August of 2015 and up 1.9 % from $ 134,900 last
Median Sales Price and Average Sales Price
190
3 Mo Avg
The month Median
. The Sales
Average
Price Sales in August
Price was in August
$ 137,450 was , up $ 18.8 151,350
% from , up
$ 115,700 in August of 2015 and up 1.9 % from $ 134,900 last
16.0 % from $ 130,511 in August of 2015 and down 2.5 % from
190
170 month . The Average Sales Price in August was $ 151,350 , up
$ 155,291 last month . August 2016 ASP was at the highest level
16.0 % from $ 130,511 in August of 2015 and down 2.5 % from
170
150 compared to August of 2015 and 2014 .
$ 155,291 last month . August 2016 ASP was at the highest level
150
130
compared to August of 2015 and 2014 .
130
110
110
90
90
70
70
50
50
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 512 , Inventory down 7.6 % of from Properties 554 last available month for and sale down as of 33.3 August % from
1,000 was 512 , down 7.6 % from 554 last month and down 33.3 % from
1,000
768 in August of last year . August 2016 Inventory was at its
768 lowest in August level compared of last year with . August August 2016 of Inventory 2015 and was 2014 at . its
800
800 lowest level compared with August of 2015 and 2014 .
600
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
18.0
16.0
14.0
12.0
10.0
400
8.0
A comparatively lower MSI is more beneficial for sellers while a
400
A comparatively lower MSI is more beneficial for sellers while a
6.0 higher MSI is better for buyers . The August 2016 MSI of 4.0
200 higher MSI is better for buyers . The August 2016 MSI of 4.0
200
4.0 months was at its lowest level compared with August of 2015 months was at its lowest level compared with August of 2015
2.0 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
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
78 52 55 86 101 88 88 84 96 76 95 69
75 90 66 78 52 55 86 101 88 88 84 96 76 95 69 94 66 69 93 114 112 105 117 118 118 104 78 89 70 70 98 127 138 144 99 128
819 867 846 819 793 793 792 789 823 865 888 874 845 866 837
819 867 846 819 793 793 792 789 823 865 888 874 845 866 837 775 771
712 94 66 69 93 114 112 105 117 118 118 104
775
771 712 726 708 738 744 760 768 763 732 681
726 708 738 744 760 768 763 732 681 640 599 598 568 78 89 70 70 98
584 550 553 554 512
127
640 599 598 568 584 550 553 138 144
554
512 99 128
24 | 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 .