CAR ARCHIVED December 2016 | Page 22

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

County : Mecklenburg

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
$ 1,599,900
2 %
7 %
Average List Price of all Current Listings
$ 1,911,112
4 %
1 %
December Median Sales Price
$ 1,305,000
-3%
2 %
11 %
0 %
$ 1,290,000
-1%
-1%
December Average Sales Price
$ 1,454,014
-6%
1 %
-6%
0 %
$ 1,452,067
-1%
0 %
Total Properties Currently for Sale ( Inventory )
198 -18%
-7%
December Number of Properties Sold
27 -13%
59 %
323
22 %
December Average Days on Market ( Solds )
144
109 % 57 % 148 % 17 %
87
-30%
-29%
Asking Price per Square Foot ( based on New Listings )
$ 340
-3%
1 %
20 %
7 %
$ 321
1 %
1 %
December Sold Price per Square Foot
$ 325
4 %
9 %
12 %
13 %
$ 292
1 %
1 %
December Month ' s Supply of Inventory
7.3
-6% -25% -42% -37%
10.9
-6%
-6%
December Sale Price vs List Price Ratio
92.6 % -1.3% . 2 %
1.4 % -1.6%
93.3 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Mecklenburg

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
December Property sales were 27 , up 58.8 % from 17 in
Property
December Sales of 2015 and 12.9 % lower than the 31 sales last month .
45
December
December Property 2016 sales sales were were at 27 their , up 58.8 highest % from level 17 compared in to
December of of 2015 2015 and and 12.9 2014 % lower . December than the YTD 31 sales sales last of month 323 are .
40
December running 21.9 2016 % sales ahead were of last at their year highest ' s year-to-date level compared sales of to 265 .
35
December of 2015 and 2014 . December YTD sales of 323 are
30 running 21.9 % ahead of last year ' s year-to-date sales of 265 .
25
45
40
35
30
25
20
Number of Properties Sold
3 Mo Avg
20
15
15
10
10
5
5
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
14
Median
15 Sales Price and Average
16 Sales Price
3 Mo Avg
The Median Sales Price in December was $ 1,305,000 , up 10.6 %
Prices
1,800
Median Sales Price and Average Sales Price from $ 1,180,000 in December of 2015 and down 3.3 % from
3 Mo Avg
The Median Sales Price in December was $ 1,305,000 , up 10.6 %
$ 1,350,000 last month . The Average Sales Price in December
1,800 from 1,180,000 in December of 2015 and down 3.3 % from
1,700 was $ 1,454,014 , down 5.9 % from $ 1,545,963 in December of
$ 1,350,000 last month . The Average Sales Price in December
1,700 was
2015 $ 1,454,014
and down , down
6.5 % 5.9
from % from
$ 1,554,267 $ 1,545,963
last in
month December
. December
1,600 of
2015
2016 and ASP down was 6.5 at % a mid from range $ 1,554,267 compared last month to December . December of 2015
1,6001,500
2016 and ASP 2014 was . at a mid range compared to December of 2015
1,5001,400 and 2014 .
1,400
1,300
1,300
1,200
1,200
1,100
1,100
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
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
10 10 14 18 22 42 33 20 19 21 16 24 14 14 22 22 34 36 28 24 21 21 12 17 15 13 23 25 31 41 37 33 28 19 31 27
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 198 of , down Properties 17.8 % available from 241 for last sale month as of and down 350 December was 198 , down 17.8 % from 241 last month and down 350
30.0
7.5 % from 214 in December of last year . December 2016 300 7.5 Inventory
% from 214 was in at December a mid level of last compared year . December with December 2016 of 2015 300
25.0
Inventory was at a mid level compared with December of 2015 250 and 2014 .
250 and 2014 .
200 20.0
200 150
15.0
150 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 100
10.0
100 higher
higher MSI
MSI is is better
better for
for buyers
buyers . The
. The December
December 2016
2016 MSI
MSI of 7.3
of 7.3 5.0 months months was was at at its its lowest lowest level level compared compared with with December December of 2015 of 201550
50 and and 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
211
10 10
243
211 261 243
14
291
261 289 18 22 42 33 20
268
291
273
289
263
268
243
273
227
263
19 243 205
21 227
176 169
16 205
24
Number of Properties Sold
14
190
176 201 169
234 14
190 266
201
22 22 34 36 28
260 234 270 266 284 260 285 270
261 284 226
24 285 214
21
261 21 12 17 296
227
226 246
214 242 227
15 308 246
13 303 242
23 296 296
25
308
294 297
31
303
270 41
296 294 241
37 297
198 33
270 28
241
3 Mo Avg
19
198 31 27
30.0 25.0 20.0
15.0 10.0 5.0 0.0
22 | 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 .