CAR ARCHIVED December 2016 | Page 18

Market Action Report December 2016
Community Information | School District
Market Action Report December 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
$ 342,500
-1%
23 %
Average List Price of all Current Listings
$ 496,266
0 %
21 %
December Median Sales Price
$ 214,000
1 %
-3%
-5%
0 %
$ 223,158
4 %
4 %
December Average Sales Price
$ 268,528
2 %
-3%
-7%
-4%
$ 289,786
3 %
4 %
Total Properties Currently for Sale ( Inventory )
873 -12%
-18%
December Number of Properties Sold
223 -10%
9 %
2,889
12 %
December Average Days on Market ( Solds )
80
43 %
21 %
-1%
-6%
77
-9%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 118
-4%
-6%
9 %
-2%
$ 130
8 %
8 %
December Sold Price per Square Foot
$ 113
1 %
0 %
3 %
4 %
$ 113
5 %
5 %
December Month ' s Supply of Inventory
3.9
-2%
-8% -25% -32%
4.7
-19%
-19%
December Sale Price vs List Price Ratio
93.9 % -2.1% -1.0% . 9 %
. 5 %
94.7 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Iredell

Property Sales
400
December Property sales were 223 , up 8.8 % from 205 in
December of 2015 and 10.1 % lower than the 248 sales last
350
Property month . December Sales 2016 sales were at their highest level
400
December Property sales were 223 , up 8.8 % from 205 in
300 compared to December of 2015 and 2014 . December YTD sales
December of 2015 and 10.1 lower than the 248 sales last
350 of 2,889 are running 11.6 % ahead of last year ' s year-to-date
250 month . December 2016 sales were at their highest level sales of 2,588 .
300 compared to December of 2015 and 2014 . December YTD sales
200
Number of Properties Sold
3 Mo Avg
of 2,889 are running 11.6 % ahead of last year ' s year-to-date sales of 2,588 .
250
150
200
100
150
50
100
50
0
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 O N D
0
14
15
16
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 O N D
Prices
Median Sales Price and Average Sales Price
14
15
16
3 Mo Avg
The Median Sales Price in December was $ 214,000 , down 4.9 %
Prices
350 from $ 225,000 in December of 2015 and up 0.6 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 212,750 Median last Sales month Price . in The December Average was Sales $ 214,000 Price in , down December 4.9 % was
330
350 from
$ 268,528 $ 225,000 , down in December 6.8 % from of $ 2015 288,001 and in up December 0.6 % from of 2015 and
310
$ 212,750 last month . The Average Sales Price in December was
330 up 2.0 % from $ 263,254 last month . December 2016 ASP was at
290
$ 268,528 , down 6.8 % from $ 288,001 in December of 2015 and
310 a mid range compared to December of 2015 and 2014 .
270 up 2.0 % from $ 263,254 last month . December 2016 ASP was at
290
250 a mid range compared to December of 2015 and 2014 .
270
230
250
210
230
190
210
190
170
170
150
150
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 O N D
141 121 141 190 186 230 224 219 217 212 169 187 141 154 208 216 239 287 274 259 238 207 160 205 134 185 208 226 254 346 250 306 290 219 248 223
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 O N D
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
The
December Total Inventory was 873 of , down Properties 12.3 % available from 995 for last sale month as of and down
1,600
December
18.5 % from was 1,071 873 , in down December 12.3 % from of last 995 year last . month December and down 2016
1,6001,400
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
18.5
Inventory % from 1,071 was at in its December lowest level of last compared year . December with December 2016 of
1,4001,200
10.0
Inventory
2015 and was 2014 at . its lowest level compared with December of
2015 and 2014 .
1,2001,000
1,000
800
8.0
800
600
A comparatively lower MSI is more beneficial for sellers while a
600
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2016 while MSI of a 3.9
400 higher MSI is better for buyers . The December 2016 MSI of 3.9
400 months was at its lowest level compared with December of 2015
200 months was at its lowest level compared with December of 2015
200 and 2014 .
0 and 2014 .
0
J
F M A M J
F M A J
14
J A S O N D J
F M A M J
F M A M J
15
6.0
4.0
2.0
0.0
J A S O N D J
F M A M J
J A S O N D
F M A M J
J A S O N D
16
1,240 1,270 1,341 1,389 1,388 1,399 1,403 1,343 1,304 1,266 1,210 1,106 1,099 1,096
J
14
141 121
Agent Name
141
Title Phone Website Other

Community Information | School District

14
190
1,240 1,270 1,341 1,389 186 230 224 219 217 212 169
1,388 1,399 1,403 1,343 1,304 1,266 1,210
J A S O N D J 15
Number of Properties Sold
187 141
15
154 208
1,106 1,099 1,096
1,189
216 239 287 274 259 238
1,189 1,172 1,244 1,279 1,257 1,250 1,239 1,227 1,137 1,071 1,027 1,002
J A S O N D J
16
207 160
1,172 1,244 1,279 1,257 1,250 1,239 1,227 1,137 1,071 205 134
16
1,027
1,002 185 208 226 254 346 250
1,058 1,128 1,120 1,178 1,157 1,127 1,104 1,066 995
873 306
1,058 1,128 1,120 1,178 1,157 1,127 1,104 1,066
290
3 Mo Avg
219
995
873 248 223
12.0 10.0 8.0
6.0 4.0 2.0 0.0
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 .