CAR ARCHIVED February 2017 | Page 18

Market Action Report February 2017
Community Information | School District
Market Action Report February 2017

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
$ 1,500,000
-5%
-6%
Average List Price of all Current Listings
$ 1,795,310
-1%
-3%
February Median Sales Price
$ 1,050,000
-42% -16% -43% -19%
$ 1,147,500
-38%
-11%
February Average Sales Price
$ 1,090,000
-43% -30% -41% -27%
$ 1,507,500
-31%
1 %
Total Properties Currently for Sale ( Inventory )
61 -14%
-13%
February Number of Properties Sold
3
0 %
-25%
6
0 %
February Average Days on Market ( Solds )
212 175 % 57 % -24%
56 %
144
-34%
6 %
Asking Price per Square Foot ( based on New Listings )
$ 236
0 %
-1% -16% -24%
$ 236
-17%
-24%
February Sold Price per Square Foot
$ 204
-58% -37% -24% -27%
$ 348
12 %
24 %
February Month ' s Supply of Inventory
20.3 -14% -4%
16 %
-6%
22.0
-19%
1 %
February Sale Price vs List Price Ratio
89.9 % -2.8% -1.0% 1.2 % -2.1%
91.2 %
2 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales February Property sales were 3 , down 25.0 % from 4 in February of 2016 and the same as the 3 sales last month . February 2017 Property sales were Sales at their lowest level compared to February of 2016 14 February and 2015 Property . February sales YTD were sales
3 , down of 6 25.0 are running
% from 4 equal in February to last of year 2016
' s year-to-date and the same sales as the of 3 6 sales . last month . February 2017 12 sales were at their lowest level compared to February of 2016 and 2015 . February YTD sales of 6 are running equal to last 10 year ' s year-to-date sales of 6 . 8 6 4
14 12 10 8 6 4 2
70

Iredell

2
86
80 70
6 89
5
Agent Name
87
Title Phone Website Other

Community Information | School District

4 83
4 88
7 87
78
66 58 59
Number of Properties Sold
2
0
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
0
14
15
16
17
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in February was $ 1,050,000 , down
Prices
3,000
43.1 % from $ 1,845,000 in February of 2016 and down 41.7 %
Median Sales Price and Average Sales Price
3 Mo Avg
The from Median $ 1,800,000 Sales Price last in month February . The was Average $ 1,050,000 Sales , Price down in
2,800
3,000
43.1
February % from was $ 1,845,000 $ 1,090,000 in February , down 40.9 of 2016 % from and $ down 1,844,000 41.7 % in
2,600 from $ 1,800,000 last month . The Average Sales Price in
2,800
February of 2016 and down 43.4 % from $ 1,925,000 last month .
2,400 was $ 1,090,000 , down 40.9 % from $ 1,844,000 in
2,600
February 2017 ASP was at the lowest level compared to
2,200
February of 2016 and down 43.4 % from $ 1,925,000 last month .
2,400
February of 2016 and 2015 .
2,000
February 2017 ASP was at the lowest level compared to
2,200
1,800
February of 2016 and 2015 .
2,000
1,600
1,800
1,400
1,600
1,400
1,200
1,200
1,000
1,000
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
M
A
14 M J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F
17
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 61 , down of Properties 14.1 % from available 71 last for month sale as and of down
February
12.9 % from was 70 61 , in down February 14.1 % from of last 71 year last . month February and 2017 down
120
120
100
Total Inventory & Month ' s Supply of Inventory ( MSI )
70.0
70.0
60.0
12.9
Inventory % from 70 was in at February a mid level of last compared year . February with February 2017 of 2016
100
Inventory and 2015 was . at a mid level compared with February of 2016 and 2015 .
80
60
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 20.3
40 higher months MSI was is better at its highest for buyers level . The compared February with 2017 February MSI of 20.3 of
201620 months and 2015 was . at its highest level compared with February of 2016 and 2015 .
0
60.0
80
50.0
60
40.0
40
30.0
20
20.0
10.0
0
0.0
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
M
A
14 M J
J A S O N D J
F M
15 A M J
J A S O N D J
F M
16 A M J
J A S O N D J
F
17
14
15
16
17
50.0
40.0
30.0
20.0
10.0
0.0
80 86 89 87 83
4 88
6 87
0 78
2
66 73
1
58 75
3 59
Number of Properties Sold
76 5
73 74
6
75 76
72 6 74
74 9 70
72 7 66
74 2
70 70
3
65 66 73
4 70 70
2 80 65
6 91 73 2 4 4
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 12
98 98 96
70 80
91 6 98
6 98
91 91
12
96 85
6
91
80 78
7
91
71
3 Mo Avg
85 3
80
61 3
78 2
6 7 3 3 2 4 3 3
71
3 Mo Avg
4
61 3 3
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 .