CAR ARCHIVED February 2017 | Page 12

Market Action Report February 2017 County : Davidson
Community Information | School District
Market Action Report February 2017 County : Davidson
Agent Name
Price Range : All | 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
$ 189,900
-3%
13 %
Average List Price of all Current Listings
$ 247,249
0 %
12 %
February Median Sales Price
$ 153,000
7 %
6 %
5 %
6 %
$ 145,750
4 %
1 %
February Average Sales Price
$ 165,444
-9%
-2%
-8%
-5%
$ 173,640
2 %
0 %
Total Properties Currently for Sale ( Inventory )
683
16 %
-5%
February Number of Properties Sold
101
4 %
4 %
198
19 %
February Average Days on Market ( Solds )
107
-4%
19 % -16%
11 %
110
-6%
15 %
Asking Price per Square Foot ( based on New Listings )
$ 97
-7%
2 %
4 %
-1%
$ 100
9 %
2 %
February Sold Price per Square Foot
$ 92
4 %
4 %
14 %
5 %
$ 91
14 %
3 %
February Month ' s Supply of Inventory
6.8
12 %
19 %
-9%
15 %
6.4
-30%
9 %
February Sale Price vs List Price Ratio
92.1 % -2.0% -1.4% 1.8 %
-. 8 %
93.0 %
3 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Davidson

Property Sales
200
February Property sales were 101 , up 4.1 % from 97 in February
180 of 2016 and 4.1 % higher than the 97 sales last month . February
Property
2017 sales Sales were at their highest level compared to February of
200
160
February
2016 and Property 2015 . February sales were YTD 101 , sales up 4.1 of % 198 from are
97 running in February
18.6 %
180
140 of 2016 and 4.1 % higher than the 97 sales last month . February ahead of last year ' s year-to-date sales of 167 .
2017 sales were at their highest level compared to February of
160
120
Number of Properties Sold
3 Mo Avg
2016 and 2015 . February YTD sales of 198 are running 18.6 %
140
100
ahead of last year ' s year-to-date sales of 167 .
120
80
100
60
80
40
60
20
40
0
20
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 $ 153,000 , up 4.8 %
Prices
200 from $ 146,000 in February of 2016 and up 6.7 % from $ 143,400
The last Median month . Sales The Price Average in February Sales Price was in $ 153,000 February , up was 4.8 $ % 165,444
200
, from down $ 146,000 8.0 % from in February $ 179,905 of in 2016 February and up of 6.7 2016 % from and $ down 143,400 9.2 % last month . The Average Sales Price in February was $ 165,444 ,
190 from $ 182,175 last month . February 2017 ASP was at a mid
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
down range 8.0 compared % from $ 179,905 to February in February of 2016 of and 2016 2015 and . down 9.2 % from $ 182,175 last month . February 2017 ASP was at a mid
range compared to February of 2016 and 2015 .
180 170 160 150 140 130 120 110 100
97 97 122 118 108 112 104 111 100 108 76 67 126 109 123 134 152 137 128 106 74 115 70 97 129 124 148 176 154 149 145 127 119 141 97 101
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 683 , of up Properties 16.2 % from available 588 last for month sale as and of down
February
5.0 % from was 719 683 in , up February 16.2 % from of last 588 year last . month February and 2017 down
1,400
1,4001,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
5.0
Inventory % from 719 was in at February its lowest of level last year compared . February with 2017 February of
1,2001,000
Inventory
2016 and was 2015 at . its lowest level compared with February of
1,000
2016 and 2015 .
800
800
600
A comparatively lower MSI is more beneficial for sellers while a
600
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 6.8
400 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of of 6.82016
200 months was at its lowest level compared with February of 2016
200 and 2015 .
0 and 2015 .
0
M
A M J
A M J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
J A S O N D J
F
F
17
1,116 1,136 1,154 1,179 1,194 1,190 1,141 1,113 1,062 960 943 898
M
14
97 97 122
Title Phone

Community Information | School District

190 180 170 160 150 140 130 120 110 100
Website Other
118 108 112 104 111 100
J A S O N D J
15
108 76
Number of Properties Sold
67 126 109 123 134 152 137
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
1,116 1,136 1,154 1,179 1,194 1,190 1,141 1,113 1,062 960
128 106
943 898 922 963 999 987 973 968 947 892 833
922 963 999 987 973 968 947 892 833 791 762 719
J A S O N D J
16
74 115 70 97 129 124 148 176 154 149
760 767 780 759 755 761 734 708 673 604 588
683
J A S O N D J 17
145
791 762 719 760 767 780 759 755 761 734 708 673 127 119 141
604 588
683
3 Mo Avg
97 101
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
12 | 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 : All | 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 .