CAR ARCHIVED December 2016 | Page 33

Market Action Report December 2016
Community Information
| School District

County : Charleston

Price Range : All | Properties : SFH - Con

Charleston

Agent Name
Market Action Report December 2016

Community Information

Phone

| School District

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
$ 535,000
2 %
15 %
Average List Price of all Current Listings
$ 827,718
3 %
22 %
December Median Sales Price
$ 343,200
2 %
1 %
-1%
7 %
$ 338,000
6 %
6 %
December Average Sales Price
$ 440,460
2 %
-1%
-1%
6 %
$ 441,594
6 %
6 %
Total Properties Currently for Sale ( Inventory )
1,929 -11%
-11%
December Number of Properties Sold
548
16 %
-4%
6,889
4 %
December Average Days on Market ( Solds )
77
43 %
22 %
13 %
5 %
65
-11%
-11%
Asking Price per Square Foot ( based on New Listings )
$ 218
-3%
0 %
5 %
8 %
$ 218
9 %
8 %
December Sold Price per Square Foot
$ 193
-1%
-1%
4 %
6 %
$ 193
5 %
6 %
December Month ' s Supply of Inventory
3.5 -24% -20% -8%
-23%
4.1
-11%
-11%
December Sale Price vs List Price Ratio
95.6 %
-. 1 %
-. 3 %
. 1 %
. 0 %
96.1 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
900
December Property sales were 548 , down 4.0 % from 571 in
December of 2015 and 16.3 % higher than the 471 sales last
800
Property month . December Sales 2016 sales were at a mid level compared to
900
700
December
December Property of 2015 sales and 2014 were
. 548 December
, down 4.0 YTD % from sales 571 of in 6,889 are
December of 2015 and 16.3 % higher than the 471 sales last
800
600 running 3.9 % ahead of last year ' s year-to-date sales of 6,633 . month . December 2016 sales were at a mid level compared to
700
500
December of 2015 and 2014 . December YTD sales of 6,889 are
600 running 3.9 % ahead of last year ' s year-to-date sales of 6,633 .
400
Number of Properties Sold
3 Mo Avg
500
300
400
200
300
100
200
0
100
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
Prices
14
The Median Sales Price in December was $ 343,200 , down 0.5 %
Prices
500 from $ 345,000 in December of 2015 and up 1.5 % from
The
$ 338,000 Median last Sales month Price . in The December Average was Sales $ 343,200 Price in , down December 0.5 % was
500 from
$ 440,460 $ 345,000 , down in December 1.0 % from of $ 2015 445,086 and in up December 1.5 % from of 2015 and
450
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
Median Sales Price and Average Sales Price
3 Mo Avg
$ up 338,000 1.8 % from last month $ 432,715 . The last Average month Sales . December Price in December 2016 ASP was at
$ 440,460 , down 1.0 % from $ 445,086 in December of 2015 and
450 a mid range compared to December of 2015 and 2014 .
400 up 1.8 % from $ 432,715 last month . December 2016 ASP was at
a mid range compared to December of 2015 and 2014 .
400
350
350 300
300 250
250
331 336 478 512 534 629 586 589 500 482 366 458 355 410 594 592 663 760 697 516 571 500 404 571 373 456 573 602 697 791 666 652 607 453 471 548
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 1,929 of , Properties down 11.4 available % from 2,178 for sale last as month of and
3,000
December down 11.4 was % from 1,9292,176 , down in 11.4 December % from 2,178 of last last year month . December and
3,000
9.0
2,500 down 201611.4 Inventory % from 2,176 was at in its December lowest level of last compared year . December with December
8.0
2,500
2016 of 2015 Inventory and 2014 was . at its lowest level compared with December
2,000
7.0 of 2015 and 2014 .
2,000
6.0
1,500
5.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
1,000
4.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2016 while MSI of a 3.5
1,000
3.0 higher MSI is better for buyers . The December 2016 MSI of 3.5
500
2.0 months was at its lowest level compared with December of
2015500 months was at its lowest level compared with December of 2015
1.0 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
2,455 2,520 2,617 2,664 2,680 2,673 2,693 2,639 2,579 2,560 2,511 2,347 2,407 2,368 2,443 2,407 2,431 2,490 2,541 2,480 2,529 2,423 2,342 2,176 2,149 2,216
J
14
331 336 478
Title
Website Other
512 534 629 586 589 500 482 366
J A S O N D J 15
Number of Properties Sold
458 355 410 594 592 663 760
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
2,455 2,520 2,617 2,664 2,680 2,673 2,693 2,639 2,579
697 516 571 500
J A S O N D J 16
404
2,560
2,511 2,347 2,407 2,368 2,443 2,407 2,431 2,490 2,541 2,480 2,529 2,423 2,342
2,176 571 373 456 573 602 697 791 666
2,260 2,296 2,334 2,378 2,363 2,368 2,394 2,302 2,178
1,929
652 607
2,149 2,216 2,260 2,296 2,334 2,378 2,363 2,368 2,394 2,302
3 Mo Avg
453 471
2,178 1,929
548
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Charleston Trident Association of REALTORS , Piedmont Regional Association of REALTORS 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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