CAR ARCHIVED December 2016 | Page 24

Market Action Report December 2016
Community Information | School District
Market Action Report December 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
$ 157,825
5 %
13 %
Average List Price of all Current Listings
$ 228,404
6 %
12 %
December Median Sales Price
$ 130,000
-10% -7%
13 %
8 %
$ 134,950
13 %
13 %
December Average Sales Price
$ 147,841
-12% -6%
17 %
4 %
$ 154,195
8 %
8 %
Total Properties Currently for Sale ( Inventory )
462 -10%
-28%
December Number of Properties Sold
108
13 %
21 %
1,320
12 %
December Average Days on Market ( Solds )
80
31 %
8 %
-38% -30%
88
-23%
-23%
Asking Price per Square Foot ( based on New Listings )
$ 84
-3%
-5%
8 %
2 %
$ 87
5 %
6 %
December Sold Price per Square Foot
$ 80
-5%
-2%
17 %
10 %
$ 80
10 %
10 %
December Month ' s Supply of Inventory
4.3 -20% -12% -41% -44%
5.3
-31%
-31%
December Sale Price vs List Price Ratio
91.2 % -4.1% -2.2% 4.3 % 2.9 %
92.0 %
4 %
4 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
160
December Property sales were 108 , up 21.3 % from 89 in
December of 2015 and 12.5 % higher than the 96 sales last
140
Property month . December Sales 2016 sales were at their highest level
160
December Property sales were 108 , up 21.3 % from 89 in
120 compared to December of 2015 and 2014 . December YTD sales
December of 2015 and 12.5 higher than the 96 sales last
140 of 1,320 are running 11.6 % ahead of last year ' s year-to-date sales
100 month . December 2016 sales were at their highest level of 1,183 .
120 compared to December of 2015 and 2014 . December YTD sales
80
Number of Properties Sold
3 Mo Avg
of 1,320 are running 11.6 % ahead of last year ' s year-to-date sales of 1,183 .
100
80
60
40
60
20
40
20
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
Prices
The Median Sales Price in December was $ 130,000 , up 13.0 %
J
F M A M J
14
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
Median Sales Price and Average Sales Price
15
16
3 Mo Avg
Prices from $ 115,000 in December of 2015 and down 10.3 % from
190
The
$ 144,950 Median last Sales month Price . in The December Average was Sales $ 130,000 Price in , up December 13.0 % was from
$ 147,841 $ 115,000 , up 17.1 in December % from $ of 126,253 2015 and in December down 10.3 of % from 2015 and
190
170
Median Sales Price and Average Sales Price
3 Mo Avg
$ down 144,950 11.8 last % month from $ . 167,684 The Average last month Sales Price . December in December 2016 was ASP
$ 147,841 , up 17.1 % from $ 126,253 in December of 2015 and
170
150 was at the highest level compared to December of 2015 and down 201411.8 . % from $ 167,684 last month . December 2016 ASP
150
130 was at the highest level compared to December of 2015 and
2014 .
130
110
110
90
90 70 50

Rowan

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 98 127 139 144 99 132 128 109 96 108
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The
December Total Inventory was 462 of , down Properties 9.9 % available from 513 for last sale month as of and down
1,000
December
27.9 % from was 641 462 in , down December 9.9 % from of last 513 year last . month December and down 2016
1,000
18.0
800
27.9
Inventory % from was 641 in at December its lowest of level last compared year . December with December 2016 of
16.0
800
Inventory
2015 and was 2014 at . its lowest level compared with December of
14.0
600
2015 and 2014 .
12.0
600
10.0
400
A comparatively lower MSI is more beneficial for sellers while a
8.0
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2016 while MSI of a 4.3
6.0
200 higher MSI is better for buyers . The December 2016 MSI of 4.3
200
4.0 months was at its lowest level compared with December of 2015 months was at its lowest level compared with December of 2015
2.0 and 2014 .
0 and 2014 .
0
0.0
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
F M A J
F M A M J
F M A M J
J A S O N D
14
15
16
793 793 792 789 823 865 888 874 845 866 837 775 771 713 727 709
J
14
52 55
Agent Name
86
Title Phone Website Other

Community Information | School District

70
50
101 88 88 84 96 76 95 69
J A S O N D J 15
Number of Properties Sold
94 66 69 93 114 112 105
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
793 793 792 789 823 865 888 874 845 866 837 775 771
117 118 118
739 745 761 769 764 733 682 641 601 600
J A S O N D J 16
104
713 727 709 739 745 761 769 764 733 682 78 89 70 70 98 127 139 144 99
570 585 552 557 560 546 546 539 513 462
132
641 601 600 570 585 552 557 560 546 546 539
128
3 Mo Avg
109
513
462 96 108
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
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 .