CAR ARCHIVED December 2016 | Page 18

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

County : Iredell

Price Range : $ 1,000,000 and Up | 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
$ 1,582,500
5 %
-1%
Average List Price of all Current Listings
$ 1,838,015
-3%
-1%
December Median Sales Price
$ 1,316,500
-27%
6 %
4 %
-1%
$ 1,265,000
-4%
-4%
December Average Sales Price
$ 1,508,250
-17%
9 %
1 %
-3%
$ 1,463,784
-2%
-5%
Total Properties Currently for Sale ( Inventory )
78
-4%
18 %
December Number of Properties Sold
4
100 %
-33%
59
9 %
December Average Days on Market ( Solds )
137
30 %
1 %
78 %
15 %
139
16 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 221
-13% -19% 25 %
-23%
$ 312
9 %
9 %
December Sold Price per Square Foot
$ 297
-8%
14 %
19 %
17 %
$ 270
8 %
6 %
December Month ' s Supply of Inventory
19.5 -52% -34% 77 %
-10%
22.1
2 %
2 %
December Sale Price vs List Price Ratio
88.3 % -6.6% -3.4% -6.4% -3.1%
91.8 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales December Property sales were 4 , down 33.3 % from 6 in Property December Sales of 2015 and 100.0 % higher than the 2 sales last
14
December month . December Property sales 2016 were sales 4 , were down at 33.3 a mid % from level 6 compared in to December of of 2015 2015 and and 100.0 2014 %. higher December than the YTD 2 sales last of 59 are 12
month running . December 9.3 % ahead 2016 of sales last year were ' s at year-to-date a mid level compared sales of 54 to . December of 2015 and 2014 . December YTD sales of 59 are 10 running 9.3 % ahead of last year ' s year-to-date sales of 54 .
8
14 12 10 8 6

Iredell

Agent Name
Title Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
6 4
4 2
2
0
0
J
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
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
14
The Median Sales Price in December was $ 1,316,500 , up 3.9 %
Prices
3,000 from $ 1,267,165 in December of 2015 and down 27.3 % from
The Median Sales Price in December was $ 1,316,500 , up 3.9 % from
$ 1,811,250 $ 1,267,165
last in
month December
. The of
Average
3,000
2015 and
Sales down
Price 27.3
in %
December
2,800 from
$ was 1,811,250
$ 1,508,250 last month
, up
. 0.8 The
%
Average from $ 1,495,722
Sales Price in in December
December of 2015
2,8002,600 was and $ 1,508,250 down 16.7 ,% up from 0.8 % $ from 1,811,250 $ 1,495,722 last month in December . December of 2015 2016
2,6002,400 and
ASP down was 16.7 at the % from highest $ 1,811,250 level compared last month to . December of 2016 2015 and
2,4002,200
Median
15 Sales Price and Average
16 Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
ASP
2014 was . at the highest level compared to December of 2015 and
2,2002,000
2014 .
2,0001,800
1,8001,600
1,6001,400
1,4001,200
1,2001,000
1,000
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
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 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 78 , of down
Properties 3.7 % from available 81 last for month sale as and of up 18.2 % 120 December was 78 , down 3.7 % from 81 last month and up 18.2 % 120
70.0 from 66 in December of last year . December 2016 Inventory from 66 in December of last year . December 2016 Inventory 100
60.0 was at its highest level compared with December of 2015 and 100 was at its highest level compared with December of 2015 and 2014 .
80 50.0
2014 . 80
60 40.0
60 30.0
A A comparatively comparatively lower lower MSI MSI is more is more beneficial beneficial for sellers for sellers while while a a 40
40 20.0 higher higher MSI MSI is is better better for for buyers buyers . The . The December December 2016 2016 MSI MSI of 19.5 of 19.5
20 20 months months was was at at a mid a mid level level compared compared with with December December of 2015 of 2015 and and
10.0
2014 2014 . .
0 0 0.0
J F JM FA M AJ
MJ AJ SJ OA NS DO JN FD MJ
AF MJ A JMA JS JO AN SD OJ
NF DM AJ
MF MJ
AJ AM SJ OJ NA DS O N D
14 14
15 15
16 16
57 3
70
59 57
1 80
59 2 6 5 4 4 7
86
80 89
87 86
83 89
88 87
87 83
70
4 88 78
6 87
66 58
0 78
66 73
59
2 1
58 75
3
59
5 6 6 9
76 73 74
75 72
76 75 74
71 72
7
67 75 71
2 71
66 3 4 2
67 74
71 71 66
6 93
82
74 2 4
3 1 2 6 5 4 4 7 4 6 0 2 1 3 5 6 6 9 7 2 3 4 2 6 2 4 4 6 6
4
12 6 6
100 100
98 93
93 100
93 100
71 82
86 12
98 93
6 93
81 78
7 86
3
6 7 3 3 2 4
81 3
78 2 4
70.0 60.0 50.0
40.0 30.0 20.0 10.0 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 : $ 1,000,000 and Up | 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 .