CAR ARCHIVED February 2017 | Page 16

Market Action Report February 2017 County : Gaston
Community Information | School District
Market Action Report February 2017 County : Gaston
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
$ 200,000
9 %
34 %
Average List Price of all Current Listings
$ 264,803
7 %
41 %
February Median Sales Price
$ 157,590
3 %
2 %
9 %
4 %
$ 155,135
8 %
3 %
February Average Sales Price
$ 160,947
-6%
-7%
-2%
-6%
$ 166,278
2 %
-3%
Total Properties Currently for Sale ( Inventory )
587 -10%
-32%
February Number of Properties Sold
184
-2%
1 %
372
7 %
February Average Days on Market ( Solds )
69
1 %
5 %
-22%
-4%
68
-22%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 98
1 %
3 %
10 %
5 %
$ 98
14 %
5 %
February Sold Price per Square Foot
$ 85
-5%
-4%
1 %
-2%
$ 88
7 %
1 %
February Month ' s Supply of Inventory
3.2
-8%
4 %
-32%
-5%
3.3
-36%
-1%
February Sale Price vs List Price Ratio
96.1 % -1.5% . 5 %
2.1 % 1.0 %
96.8 %
4 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350 February Property sales were 184 , up 0.5 % from 183 in February of 2016 and 2.1 % lower than the 188 sales last month . 300 Property February 2017 Sales sales were at their highest level compared to 350 February February
Property of 2016 sales and 2015 were
. 184 February
, up 0.5 % YTD from sales
183 of in
372 are 250 February of 2016 and 2.1 % lower than the 188 sales last month . running 7.2 % ahead of last year ' s year-to-date sales of 347 .
300 February 2017 sales were at their highest level compared to 200 February of 2016 and 2015 . February YTD sales of 372 are 250 running 7.2 % ahead of last year ' s year-to-date sales of 347 .
150 200
100
150 100

Gaston

50
Number of Properties Sold
50
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 $ 157,590 , up 8.7 % from
Prices
200
$ 145,000 in February of 2016 and up 3.3 % from $ 152,500 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in February Price in was February $ 157,590 was , up $ 8.7 160,947 % from ,
190
200
$ down 145,000 1.8 in % February from $ 163,846 of 2016 in and February up 3.3 % of from 2016 $ and 152,500 down last 6.2 %
180 month . The Average Sales Price in February was $ 160,947 ,
190 from $ 171,496 last month . February 2017 ASP was at a mid
170 down 1.8 % from $ 163,846 in February of 2016 and down 6.2 %
180 range compared to February of 2016 and 2015 .
160 from $ 171,496 last month . February 2017 ASP was at a mid
170
150 range compared to February of 2016 and 2015 .
160
140
150
130
140
120
130
120
110
110
100
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
158 205 197 208 236 226 197 201 177 194 165 173 203 223 237 270 294 206 262 211 200 220 164 183 223 261 280 312 235 297 254 250 245 260 188 184
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 587 , of down Properties 10.4 % available from 655 for last sale month as of and down 1,400 February 31.8 % from was 861 587 , in down February 10.4 % of from last 655 year last . February month and 2017 down 1,4001,200
9.0
31.8 Inventory % from 861 was in at February its lowest of level last compared year . February with 2017 February of 1,200 8.0
1,000 Inventory 2016 and was 2015 at . its lowest level compared with February of
7.0 1,000
2016 and 2015 . 800
6.0
800 600
5.0
A comparatively lower MSI is more beneficial for sellers while a 600 4.0
400 A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 3.2
3.0 400 higher MSI is better for buyers . The February 2017 MSI of 3.2 2.0 months was at its lowest level compared with February of 2016 200 months was at its lowest level compared with February of 2016 200
1.0 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
A M J F M A M J
F M A M J F
14 15
16 17
1,275 1,296 1,304 1,327 1,316 1,298 1,321 1,258 1,194 1,127 1,122 1,145
M
14
158 205 197
Title Phone

Community Information | School District

14
Website Other
208 236 226 197 201 177
1,275 1,296 1,304 1,327 1,316 1,298 1,321 1,258 1,194
J A S O N D J
15
194 165
15
Number of Properties Sold
173 203 223 237 270 294 206 262 211
1,126 1,119 1,104 1,069 1,114 1,138 1,087 1,068 1,023 965 927 861
J A S O N D J
16
200 220
1,127 1,122 1,145 1,126 1,119 1,104 1,069 1,114 1,138 1,087 1,068 1,023 965 927
164
16
861 183 223 261 280 312 235 297
851 820 806 812 802 796 772 739 725 662 655 587
J A S O N D J 17
3 Mo Avg
254 250 245
851 820 806 812 802 796 772 739 725 662
3 Mo Avg
260 188
655 587
17
184
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
16 | 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 .