CAR ARCHIVED February 2017 | Page 20

Market Action Report February 2017 County : Lincoln
Community Information | School District
Market Action Report February 2017 County : Lincoln
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
$ 325,000
2 %
6 %
Average List Price of all Current Listings
$ 412,210
7 %
9 %
February Median Sales Price
$ 270,000
-18% -7%
7 %
5 %
$ 304,450
32 %
18 %
February Average Sales Price
$ 282,525
-15% -6%
-4%
-4%
$ 311,206
13 %
6 %
Total Properties Currently for Sale ( Inventory )
354
1 %
-8%
February Number of Properties Sold
67 -25%
76 %
156
86 %
February Average Days on Market ( Solds )
74
19 %
16 % -50%
3 %
67
-41%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 137
-3%
1 %
10 %
7 %
$ 139
15 %
9 %
February Sold Price per Square Foot
$ 126
-6%
2 %
2 %
4 %
$ 131
13 %
8 %
February Month ' s Supply of Inventory
5.3
34 %
29 % -48%
13 %
4.6
-50%
-1%
February Sale Price vs List Price Ratio
96.6 %
. 3 %
. 9 %
1.4 % 1.4 %
96.4 %
2 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Lincoln

Property Sales
160
February Property sales were 67 , up 76.3 % from 38 in February of 2016 and 24.7 % lower than the 89 sales last month . February
140
Property
2017 sales Sales were at their highest level compared to February of
160
February Property sales were 67 , up 76.3 % from 38 in February
120
2016 and 2015 . February YTD sales of 156 are running 85.7 % of 2016 and 24.7 % lower than the 89 sales last month . February
140 ahead of last year ' s year-to-date sales of 84 .
100
2017 sales were at their highest level compared to February of
120
2016 and 2015 . February YTD sales of 156 are running 85.7 %
80
Number of Properties Sold
3 Mo Avg
ahead of last year ' s year-to-date sales of 84 .
100
60
80
40
60
20
40
20
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 $ 270,000 , up 7.0 %
Prices
350 from $ 252,450 in February of 2016 and down 18.2 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 329,900 Median last Sales month Price . in The February Average was Sales $ 270,000 Price , in up February 7.0 % was
330
350 from
$ 282,525 $ 252,450 , down in February 4.4 % from of $ 2016 295,622 and down in February 18.2 % from of 2016 and
310
$ 329,900 last month . The Average Sales Price in February was
330 down 15.1 % from $ 332,797 last month . February 2017 ASP was
290
$ 282,525 , down 4.4 % from $ 295,622 in February of 2016 and
310 at a mid range compared to February of 2016 and 2015 .
270 down 15.1 % from $ 332,797 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
57 71 64 79 75 77 75 88 67 52 48 48 77 65 79 100 107 89 112 76 46 81 46 38 73 98 101 137 116 111 97 106 103 114 89 67
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 354 , of up Properties 0.6 % from available 352 last for month sale as and of down 7.8 %
700
February from 384 was in 354 February , up 0.6 of % last from year 352 . last February month 2017 and down Inventory 7.8 % was
700
600 from at its 384 lowest in February level compared of last year with . February 2017 of 2016 Inventory and 2015 was .
600
500 at its lowest level compared with February of 2016 and 2015 .
500
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
8.0
400
300
6.0
A comparatively lower MSI is more beneficial for sellers while a
300
200
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 5.3
4.0
200 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of of 5.32016
100
2.0 months was at its lowest level compared with February of 2016
100 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
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
14
15
16
17
500
57
14
71 64
Title Phone

Community Information | School District

Website
Other
79 75 77 75 88 67
528
526 500
551 528
586 526
579 551
540 586
524 579
496 540
464 524
467 496 464
52
469 498
48
15
Number of Properties Sold
48 77 65 79 100 107 89 112 76 46
467 518
469 509
498 517
518 498
509 469
517 449
498 417
469
388 365
449
385
417
384 388
382 365
397 385
394 384
402 382
425 397
406 394
398 402
372 425
361 406
351 398 352 372
354 361
81 46
16
38 73 98 101 137 116 111 97 106
351 103 352
3 Mo Avg
114 354
89
17
67
12.0 10.0 8.0
6.0 4.0 2.0 0.0
20 | 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 .