CAR ARCHIVED February 2017 | Page 18

Market Action Report February 2017 County : Iredell
Community Information | School District
Market Action Report February 2017 County : Iredell
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
$ 349,841
0 %
17 %
Average List Price of all Current Listings
$ 471,567
-3%
5 %
February Median Sales Price
$ 217,000
-11%
0 %
6 %
-3%
$ 225,500
16 %
1 %
February Average Sales Price
$ 269,048
-15% -3%
-2%
-8%
$ 295,047
10 %
1 %
Total Properties Currently for Sale ( Inventory )
896
0 %
-11%
February Number of Properties Sold
141 -12%
-24%
301
-6%
February Average Days on Market ( Solds )
81
9 %
14 % -14%
5 %
77
-16%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 126
4 %
3 %
-1%
-2%
$ 124
-2%
-4%
February Sold Price per Square Foot
$ 108
-8%
-3%
-2%
-4%
$ 113
5 %
0 %
February Month ' s Supply of Inventory
6.4
14 %
21 %
17 %
36 %
6.0
-9%
28 %
February Sale Price vs List Price Ratio
95.6 %
1.5 %
. 9 %
2.5 % 1.0 %
94.9 %
2 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Iredell

Property Sales
400
February Property sales were 141 , down 23.8 % from 185 in
February of 2016 and 11.9 % lower than the 160 sales last month .
350
Property
February 2017 Sales sales were at their lowest level compared to
400
February Property sales were 141 , down 23.8 % from 185 in
300
February of 2016 and 2015 . February YTD sales of 301 are
February of 2016 and 11.9 % lower than the 160 sales last month .
350 running 5.6 % behind last year ' s year-to-date sales of 319 .
250
February 2017 sales were at their lowest level compared to
300
February of 2016 and 2015 . February YTD sales of 301 are
200
Number of Properties Sold
3 Mo Avg
running 5.6 % behind last year ' s year-to-date sales of 319 .
250
150
200
100
150
50
100
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 $ 217,000 , up 5.9 %
Prices
350 from $ 205,000 in February of 2016 and down 11.3 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 244,705 Median last Sales month Price . in The February Average was Sales $ 217,000 Price , in up February 5.9 % was
330
350 from
$ 269,048 $ 205,000 , down in February 2.4 % from of $ 2016 275,643 and down in February 11.3 % from of 2016 and
310
$ 244,705 last month . The Average Sales Price in February was
330 down 15.4 % from $ 317,958 last month . February 2017 ASP was
290
$ 269,048 , down 2.4 % from $ 275,643 in February of 2016 and
310 at a mid range compared to February of 2016 and 2015 .
270 down 15.4 % from $ 317,958 last month . February 2017 ASP was
290
250 at a mid range compared to February of 2016 and 2015 .
270
230
250
210
230
190
210
190
170
170
150
150
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
141 190 186 230 224 219 217 212 169 187 141 154 208 216 239 287 274 259 238 207 160 205 134 185 208 226 254 346 250 306 290 219 250 235 160 141
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 896 , of up Properties 0.2 % from available 894 last for month sale as and of down
February
10.8 % from was 1,004 896 , up in 0.2 February % from 894 of last last year month . February and down 2017 10.8
Inventory % from was 1,004 at in its February lowest level of last compared year . February with February 2017 of
Inventory
2016 and was 2015 at . its lowest level compared with February of 2016 and 2015 .
1,600
1,6001,400
1,4001,200
1,2001,000
1,000
800
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
800
600
A comparatively lower MSI is more beneficial for sellers while a
600
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 6.4
400 higher MSI is better for buyers . The February 2017 MSI of 6.4
400 months was at a mid level compared with February of 2016 and
200 months was at a mid level compared with February of 2016 and
200
2015 .
0
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
4.0
2.0
0.0
J A S O N D J
F
F
17
1,342 1,390 1,389 1,400 1,404 1,344 1,306 1,268 1,212 1,108 1,101 1,098
M
14
141 190 186
Title Phone

Community Information | School District

14
Website Other
230 224 219 217 212 169
1,342 1,390 1,389 1,400 1,404 1,344 1,306 1,268 1,212
J A S O N D J
15
187 141
15
Number of Properties Sold
154 208
1,108 1,101 1,098
1,191
216 239 287 274 259 238 207
1,191 1,174 1,246 1,281 1,259 1,252 1,241 1,229 1,139 1,073 1,029 1,004
J A S O N D J 16
160
1,174 1,246 1,281 1,259 1,252 1,241 1,229 1,139 1,073 205 134
16
1,029
1,004 185 208 226 254 346 250 306
1,060 1,130 1,122 1,180 1,159 1,130 1,107 1,074 1,007 896 894 896
J A S O N D J 17
290
1,060 1,130 1,122 1,180 1,159 1,130 1,107 1,074 1,007 219 250 235
896 894 896
3 Mo Avg
160
17
141
10.0 8.0
6.0 4.0 2.0 0.0
18 | 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 .