CAR ARCHIVED February 2017 | Page 8

Cabarrus Community Information | School District

Cabarrus Community Information | School District

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
$ 1,550,000
4 %
-7%
Average List Price of all Current Listings
$ 1,869,214
20 %
-11%
February Median Sales Price
$ 0
-100% -100% -100%
$ 1,667,500
13 %
13 %
February Average Sales Price
$ 0
0 %
-100% -100%
$ 0
-100%
-100%
Total Properties Currently for Sale ( Inventory )
14
8 %
0 %
February Number of Properties Sold
0
-100%
0
-100%
February Average Days on Market ( Solds )
0
0 %
-100% -100%
0
-100%
-100%
Asking Price per Square Foot ( based on New Listings )
$ 319
8 %
0 %
4 %
5 %
$ 307
0 %
1 %
February Sold Price per Square Foot
$ 0
0 %
-100% -100%
$ 0
-100%
-100%
February Month ' s Supply of Inventory
0.0
0 %
0 %
-100% -100%
0.0
-100%
-100%
February Sale Price vs List Price Ratio
0.0 %
. 0 % -100.0% -100.0%
0.0 %
-100%
-100%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
3 Mo Avg
Property Sales February Property sales were 0 , down 100.0 % from 1 in February of 2016 and higher than the 0 sales last month . February 2017 sales were at their lowest level compared to February of 2016 and 2015 . February YTD sales of 0 are running 100.0 % behind last year ' s year-to-date sales of 1 .
1
1
1
Number of Properties Sold
3 Mo Avg
1
0
0
Prices The Median Sales Price in February was $ 0 , down 100.0 % from $ 1,475,000 in February of 2016 and up from $ 0 last month . The Average Sales Price in February was $ 0 , down 100.0 % from $ 1,475,000 in February of 2016 and up from $ 0 last month . February 2017 ASP was at a mid range compared to February of 2016 and 2015 .
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 3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,500 1,450 1,400 1,350 1,300 1,250 1,200 1,150 1,100 1,050 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
14
15
16
17
0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0
Inventory & MSI The Total Inventory of Properties available for sale as of February was 14 , up 7.7 % from 13 last month and equal to 14 in February of last year . February 2017 Inventory was at its highest level compared with February of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The February 2017 MSI of 0.0 months was at a mid level compared with February of 2016 and 2015 .
18 16 14 12 10 8 6 4 2 0
18 16 14 12 10 8 6 4 2 0
12
12
M 14
14 12 12
16 14 13
16
Total Inventory & Month ' s Supply of Inventory ( MSI )
12 13
13 12 11
13
12 11
12
11
11 11 11
10 10
10
10 12
12 10 12
11 10
11
12 14 12
13 12 12
11
14 12
14 12
16 14
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
F M A M J
J
A S O N D0.0J
17 17
14 16 16
M A M J J A S O N D J F M A M J J A S O N D J A14
M J J A S O N D J F M15
A M J J A S O N D J F M16 A M J J A S O N D J F
15 16
17
12 14
13
11
16 17 17 14
16 12
16 9
14 11
12 14
13
9 11
13 14
F
17
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
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