CAR ARCHIVED December 2016 | Page 29

Yadkin Community Information | School District

Yadkin Community Information | School District

Days On Market for Sold Properties
3 Mo Avg
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 December was 29 , down 69.5 % from 95 days last month and down 65.9 % from 85 days in December of last year . The December 2016 DOM was at its lowest level compared with December of 2015 and 2014 .
300
250
200
150
100
131
85
50 29
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 December 2016 Selling Price per Square Foot of $ 61 was down 38.2 % from $ 99 last month and down 28.7 % from 86 in December of last year .
0
100 95 90 85 80 75 70 65 60 55 50
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 120 % 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 100 % of a Seller ' s market . The December 2016 Selling Price vs Original List Price of 102.1 % was up from 91.2 % last month and up from
80 %
90.8 % in December of last year .
60 % 40 % 20 %
J
F M A M J
J
A
S O N D
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F M A M J
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F M A M J
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14
15
16
Selling Price per Square Foot
72
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F M A M J
J
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S O N D
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F M A M J
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F M A M J
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14
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Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
82.9 %
86
90.8 %
3 Mo Avg
3 Mo Avg
61
102.1 %
Inventory / New Listings / Sales 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 December 2016 was 9 , down 35.7 % from 14 last month and equal to 9 in December of last year .
0 %
200 180 160 140 120 100 80 60 40 20 0
153
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F M A M J
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A S O N D
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F M A M J
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A S O N D
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F M A M J
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A S O N D
14
15
16
146 157 161 169 159 162 176 170 169
Inventory / New Listings / Sales
157 148 151 144 151 158 158
147
172 159 156 144 145 134 133 128
115 103 105 107
88 101 108
117 105 100
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F M A M J
J
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S O N D
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F M A M J
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F M A M J
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14
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