CAR ARCHIVED February 2017 | Page 26

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

County : Union

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
$ 1,395,000
-0%
2 %
Average List Price of all Current Listings
$ 1,527,998
-1%
-1%
February Median Sales Price
$ 1,182,500
-2%
3 %
-28%
-1%
$ 1,207,185
-27%
1 %
February Average Sales Price
$ 1,203,308
-6% -10% -23% -10%
$ 1,244,935
-21%
-7%
Total Properties Currently for Sale ( Inventory )
55
6 %
8 %
February Number of Properties Sold
6
0 %
100 %
12
300 %
February Average Days on Market ( Solds )
105
-9%
14 %
13 %
14 %
110
18 %
20 %
Asking Price per Square Foot ( based on New Listings )
$ 231
-29% -6%
18 %
3 %
$ 264
28 %
18 %
February Sold Price per Square Foot
$ 195
0 %
-5% -17%
-3%
$ 194
-17%
-3%
February Month ' s Supply of Inventory
9.2
6 %
0 %
-46% -33%
8.9
-48%
-35%
February Sale Price vs List Price Ratio
93.4 % 4.6 % -. 6 % 2.5 % -1.4%
91.3 %
0 %
-4%
* 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 6 , up 100.0 % from 3 in February of 2016 and the same as the 6 sales last month . February 2017 Property sales were
Sales at their highest level compared to February of 2016 14 February Property sales were 6 , up 100.0 % from 3 in February and 2015 . February YTD sales of 12 are running 300.0 % ahead of 2016 and the same as the 6 sales last month . February 2017 12 of last year ' s year-to-date sales of 3 . sales were at their highest level compared to February of 2016 and 2015 . February YTD sales of 12 are running 300.0 % ahead 10 of last year ' s year-to-date sales of 3 . 8 6 4
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 $ 1,182,500 , down
Prices 28.3 % from $ 1,650,000 in February of 2016 and down 2.2 % Median Sales Price and Average Sales Price
2,200
3 Mo Avg
The from Median $ 1,209,685 Sales Price last month in February . The was Average $ 1,182,500 Sales , Price down in 28.3 February % from was $ 1,650,000 $ 1,203,308 in February , down 23.4 of 2016 % from and $ down 1,571,607 2.2 % in 2,2002,000 from February $ 1,209,685 of 2016 last and month down . The 6.5 % Average from $ Sales 1,286,562 Price in last month . February February was 2017
$ 1,203,308 ASP was
, at down the
23.4 lowest
% from level $ compared 1,571,607 in to 2,0001,800
February February of of 2016
2016 and and down
2015 6.5 .
% from $ 1,286,562 last month . February 2017 ASP was at the lowest level compared to
1,8001,600
February of 2016 and 2015 .
1,6001,400 1,4001,200 1,2001,000 1,000
14 12 10 8 6 4 2
48
M 14
50

Union

1
A14 M J
J
A S O N D
J
15
53 5 52
5 54
Agent Name
Title Phone Website Other

Community Information | School District

48
6
F
M15 A M J
J
A S O N D
J
F
M16 A M J
J
A S O N D
J
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
45 3 47
4 45
1
49 1
43 45
2 46
1 58
0 63
3
Number of Properties Sold
65 58
5 68
0 64
3 61
5 55
5
53 49
4 40
2 47
6
51 1 3 62
55 47
0 3 4
1 5 5 6 3 4 1 1 2 1 0 3 5 0 3 5 5 4 2 6 1 3 0 3 4 6 6 12
74 74 76
6
62 71
6
67 64
12 61
5 48
8 52
3 Mo Avg
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
F
17
Inventory & MSI
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 55 , up of Properties 5.8 % from available 52 last month for sale and as of up 7.8 % from
February
51 in February was 55 , of up last 5.8 year % from . February 52 last month 2017 Inventory and up 7.8 % was from at its
80
80
70
60.0
51 highest in February level compared of last year . with February February 2017 of Inventory 2016 and was 2015 at . its highest level compared with February of 2016 and 2015 .
70
60
50
60
50
40
50.0
40.0
40
A comparatively lower MSI is more beneficial for sellers while a
30
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 9.2 higher MSI is better for buyers . The February 2017 MSI of 9.2
20 months was at its lowest level compared with February of 2016 months was at its lowest level compared with February of 2016
10 and 2015 . and 2015 .
0
30
30.0
20
20.0
10
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 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
50 53 52 54
45 47 45 49
43 45 46
63 65 68 64 61
55 53 49
40
51 55
74 74 76 71 67 64
4 61 55
6 48
2
5 8 4 6 2 5 6 6
52
3 Mo Avg
5
55 6 6
60.0 50.0 40.0
30.0 20.0 10.0 0.0
26 | 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 .