CAR ARCHIVED August 2016 | Page 7
Market Action Report
County: Alexander
August 2016
Alexander
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 111, up 113.5% from 52
days last month and up 85.0% from 60 days in August of last
year. The August 2016 DOM was at a mid level compared with
August of 2015 and 2014.
3 Mo Avg
350
300
250
200
133
150
111
100
60
50
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
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The August 2016 Selling Price per Square Foot of $98 was down
23.2% from $128 last month and up 15.1% from 85 in August of
last year.
3 Mo Avg
190
170
150
130
110
98
95
85
90
70
50
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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 93.6% was down from 97.8% last month and up
from 91.0% in August of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
95.1%
100%
93.6%
91.0%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
40
63
68
67
67
65
62
58
55
71
54
66
79
74
79
77
80
70
82
80
74
85
102
94
93
98
95
95
89
89
74
60
87
94
85
80
89
100
97
120
78
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 16, equal to 16 last month and up 14.3% from
14 in August of last year.
20
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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