CAR ARCHIVED February 2017 | Page 22

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

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
$ 1,500,000
-5%
1 %
Average List Price of all Current Listings
$ 1,775,219
-5%
-3%
February Median Sales Price
$ 1,247,000
-0%
-4%
4 %
-3%
$ 1,250,000
2 %
-3%
February Average Sales Price
$ 1,298,583
-19% -13%
1 %
-11%
$ 1,481,632
11 %
2 %
Total Properties Currently for Sale ( Inventory )
254
19 %
3 %
February Number of Properties Sold
12 -37%
-8%
31
11 %
February Average Days on Market ( Solds )
114
16 %
5 %
14 %
28 %
104
16 %
17 %
Asking Price per Square Foot ( based on New Listings )
$ 304
-5%
-4%
-5%
-5%
$ 309
-5%
-3%
February Sold Price per Square Foot
$ 276
-12% -12%
6 %
-6%
$ 300
12 %
2 %
February Month ' s Supply of Inventory
21.2
89 %
59 %
12 %
94 %
16.2
-5%
48 %
February Sale Price vs List Price Ratio
94.5 %
2.2 % 1.1 % -2.5% 1.3 %
93.3 %
-1%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Mecklenburg

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
45
February Property sales were 12 , down 7.7 % from 13 in February of 2016 and 36.8 % lower than the 19 sales last month . February
Property
2017 sales Sales were at their lowest level compared to February of
45
February
2016 and Property 2015 . February sales were YTD 12 , down sales
7.7 of 31
% from are running
13 in February 10.7 % of 2016 and 36.8 % lower than the 19 sales last month . February
40 ahead of last year ' s year-to-date sales of 28 .
2017 sales were at their lowest level compared to February of
35
2016 and 2015 . February YTD sales of 31 are running 10.7 %
30 ahead of last year ' s year-to-date sales of 28 .
40
35
30
25
20
Number of Properties Sold
3 Mo Avg
25
15
20
10
15
5
10
0
5
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
Prices
14
The Median Sales Price in February was $ 1,247,000 , up 4.0 %
Prices
1,800 from $ 1,199,000 in February of 2016 and down 0.2 % from
The
$ 1,250,000 Median Sales last Price month in . February The Average was $ Sales 1,247,000 Price , in up February 4.0 %
1,8001,700 from was $ 1,199,000 1,298,583 in , up February 0.6 % from of 2016 $ 1,290,810 and down in 0.2 February % from of 2016
$ and 1,250,000 down 18.7 last month % from . $ The 1,597,242 Average last Sales month Price . in February 2017
1,7001,600
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
Median Sales Price and Average Sales Price
15
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
was
ASP $ 1,298,583 was at a mid , up range 0.6 % from compared $ 1,290,810 to February in February of 2016 of 2016 and 2015 and down 18.7 % from $ 1,597,242 last month . February 2017
1,600 .
1,500
ASP was at a mid range compared to February of 2016 and 2015 .
1,5001,400
1,100
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 34 28 19 32 28 19 12
1,4001,300 1,3001,200 1,2001,100
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
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 254 , of up Properties 19.2 % from available 213 last for month sale as and of up 3.3 %
350
February from 246 was in 254 February , up 19.2 of % last from year 213 . February last month 2017 and Inventory up 3.3 % was
350
300 from at its 246 highest in February level compared of last year with . February 2017 of 2016 Inventory and 2015 was .
300
250 at its highest level compared with February of 2016 and 2015 .
250
200
200
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
15.0
A comparatively lower MSI is more beneficial for sellers while a
150
100
10.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a
21.2100 higher months MSI was is better at its highest for buyers level . The compared February with 2017 February MSI of 21.2 of 2016
50
5.0 months was at its highest level compared with February of 2016
50 and 2015 .
0 and 2015 .
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 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
15
16
17
14
15
16
17
261 14
291
289 261 18
268 22
273 42 263
33 243
20 227
19 205
21 176
16 169
24
190
201 14 14
169 190 234
Number of Properties Sold
266 22 22
260 234 270
34 36
266 284 260 285
270 28 261
24
226 21
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
15
16
17
291
289 268 273 263 243 227
205 176
201
284 285
214
261 21 12 17
227
246 226
242 214 227
15 13
296
246 309
242 304 23 296 298
25 309 296
31 304 299
41
298
274 247
37
296
209 34
299 274 213
28
247
254 19
209 32
213
3 Mo Avg
28
254 19 12
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 .