CAR ARCHIVED August 2016 | Page 8

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

County : Cabarrus

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
$ 290,000
5 %
32 %
Average List Price of all Current Listings
$ 340,966
6 %
28 %
August Median Sales Price
$ 185,000
-11% -7%
-1%
-1%
$ 194,000
4 %
4 %
August Average Sales Price
$ 210,315
-5%
-4%
1 %
2 %
$ 212,380
2 %
3 %
Total Properties Currently for Sale ( Inventory )
728
-8%
-24%
August Number of Properties Sold
345
6 %
27 %
2,242
8 %
August Average Days on Market ( Solds )
43
-4% -10% -23% -34%
57
-14%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 105
2 %
0 %
2 %
9 %
$ 103
7 %
7 %
August Sold Price per Square Foot
$ 97
-0%
0 %
6 %
7 %
$ 95
6 %
4 %
August Month ' s Supply of Inventory
2.1 -13% -7% -40% -44%
2.8
-27%
-25%
August Sale Price vs List Price Ratio
96.4 %
-. 1 %
-. 2 %
. 4 %
1.5 %
96.2 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Cabarrus

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
400
August Property sales were 345 , up 26.8 % from 272 in August of
2015 and 5.8 % higher than the 326 sales last month . August
350
Property Sales
2016 sales were at their highest level compared to August of
400
August Property sales were 345 , up 26.8 % from 272 in August of
300
2015 and 2014 . August YTD sales of 2,242 are running 8.2 %
2015 and 5.8 % higher than the 326 sales last month . August
350
2016 ahead sales of last were year at their
' s year-to-date highest level sales compared of 2,073 to . August of
250
300
2015 and 2014 . August YTD sales of 2,242 are running 8.2 %
200 ahead of last year ' s year-to-date sales of 2,073 .
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 $ 185,000 , down 1.2 %
Prices
250 from $ 187,250 in August of 2015 and down 10.6 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 207,000
Median last Sales month Price . in The August
Average was $ Sales 185,000
Price , down in August 1.2 % was
240
250 from $ 187,250 in August of 2015 and down 10.6 % from
$ 210,315 , up 1.0 % from $ 208,281 in August of 2015 and down
230
$ 207,000 last month . The Average Sales Price in August was
240
5.4 % from $ 222,239 last month . August 2016 ASP was at the
220
$ 210,315 , up 1.0 % from $ 208,281 in August of 2015 and down
230 highest level compared to August of 2015 and 2014 .
210
5.4 % from $ 222,239 last month . August 2016 ASP was at the
220 highest level compared to August of 2015 and 2014 .
210
200
200
190
190
180
180
170
170
160
160
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 728 , Inventory down 7.6 % of from Properties 788 last available month for and sale down as of 24.1 August % from
1,400 was 728 , down 7.6 % from 788 last month and down 24.1 % from
1,400
8.0
959 in August of last year . August 2016 Inventory was at its
1,200
959 lowest in August level compared of last year with . August August 2016 of Inventory 2015 and was 2014 at . its
1,200
7.0
1,000 lowest level compared with August of 2015 and 2014 .
1,000
6.0
800
5.0
800
600
4.0
600
A comparatively lower MSI is more beneficial for sellers while a
3.0
A comparatively lower MSI is more beneficial for sellers while a
400 higher MSI is better for buyers . The August 2016 MSI of 2.1
400 higher MSI is better for buyers . The August 2016 MSI of 2.1
2.0 months was at its lowest level compared with August of 2015
200 months was at its lowest level compared with August of 2015
200
1.0 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
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
192 213 204
192 213 204 232 168 171 183 195 241 276 294 325 236 267 194 249 179 168 225 249 271 344 365 272 285 257 205 274 173 184 283 258 334 339 326 345
1,260 1,222 1,175 1,115 1,101 232 168 171 183 195 241
1,260 1,222 1,175 1,115 1,101 1,132 1,176 1,193 1,222 276 294 325 236
1,132 1,176 1,193 1,222 1,192 1,160 1,121 1,084 1,019 996
906
267 194 249 179 168 225 249 271 344 365
1,192 1,160 1,121 1,084 1,019 996 906 917 903 956 960 969 926 964 959
917 903 956 960 969 926 964 959 981 939 871 272 285 257
981 939 871 205 274 173 184 283
748 733 683 720 769 768 781 788 728 258 334
748 733 683 720 769 768 781
339 326
788 728
345
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
8 | 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 .