CAR ARCHIVED February 2017 | Page 6

Market Action Report February 2017 County : Alexander
Community Information | School District
Market Action Report February 2017 County : Alexander
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
$ 229,950
19 %
-11%
Average List Price of all Current Listings
$ 296,280
8 %
12 %
February Median Sales Price
$ 215,000
54 %
46 %
1 %
36 %
$ 145,250
-13%
-8%
February Average Sales Price
$ 189,500
24 %
7 %
-7%
-7%
$ 168,597
-10%
-17%
Total Properties Currently for Sale ( Inventory )
54
8 %
-7%
February Number of Properties Sold
7 -22%
40 %
16
100 %
February Average Days on Market ( Solds )
69 -38% -16% -57% -36%
93
-33%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 123
26 %
12 % -14%
15 %
$ 117
-6%
9 %
February Sold Price per Square Foot
$ 84
-15% -11% -6%
-13%
$ 92
14 %
-5%
February Month ' s Supply of Inventory
7.7
39 %
18 % -33% -12%
6.6
-56%
-24%
February Sale Price vs List Price Ratio
92.1 %
-. 3 % -1.5% -1.5% -2.0%
92.2 %
-2%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Alexander

Property Sales
18
February Property sales were 7 , up 40.0 % from 5 in February of
2016 and 22.2 % lower than the 9 sales last month . February
Property
2017 sales Sales were at a mid level compared to February of 2016 and
18
February
2015 . February
Property YTD sales sales were of 7 , 16 up are 40.0 running % from 100.0 5 in February
% ahead of of
2016 and 22.2 % lower than the 9 sales last month . February
16 last year ' s year-to-date sales of 8 .
2017 sales were at a mid level compared to February of 2016 and
14
2015 . February YTD sales of 16 are running 100.0 % ahead of
12 last year ' s year-to-date sales of 8 .
16
14
12
10
8
Number of Properties Sold
3 Mo Avg
10
6
8
4
6
2
4
0
2
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 $ 215,000 , up 1.4 %
Prices
350 from $ 212,000 in February of 2016 and up 53.6 % from
The
$ 140,000 Median last Sales month Price . in The February Average was Sales $ 215,000 Price , in up February 1.4 % was
350
300 from
$ 189,500 $ 212,000 , down in February 7.3 % from of $ 2016 204,480 and up in February 53.6 % from of 2016 and
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
$ up 140,000 24.4 % last from month $ 152,339 . The Average last month Sales . February Price in February 2017 ASP was was at
300
250
$ a 189,500 mid range , down compared 7.3 % from to $ February 204,480 of in February 2016 and of 2015 2016 . and up 24.4 % from $ 152,339 last month . February 2017 ASP was at
250
200 a mid range compared to February of 2016 and 2015 .
200
150
150 100 100 50
6 6 5
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 54 , up of Properties 8.0 % from available 50 last month for sale and as of down 6.9 %
120
February from 58 was in February 54 , up 8.0 of % last from year 50 . last February month and 2017 down Inventory 6.9 % was
120
100
Total Inventory & Month ' s Supply of Inventory ( MSI )
120.0
from at its 58 lowest in February level compared of last year with . February 2017 of Inventory 2016 and was 2015 .
100 at its lowest level compared with February of 2016 and 2015 .
80
80
60
100.0
80.0
60
A comparatively lower MSI is more beneficial for sellers while a A higher comparatively MSI is better lower for MSI buyers is more . The beneficial February for sellers 2017 MSI while of a 7.7
40 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of of 7.72016
20 months and 2015 was
. at its lowest level compared with February of 2016 and 2015 .
0
40
20
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
60.0
40.0
20.0
0.0
J A S O N D J
F
F
17
95 98 95 94 93 102 97
M
14
6 6 5
Title Phone

Community Information | School District

50
Website Other
13 10 1
13 10 1 7
7
85 89
12 12
74 74
J A S O N D J 15
6
12 12 6 5 8
5
82 80 80
8
Number of Properties Sold
70 10 11 10
77 79 79 74
10 11 10 17 3
17 3
66
71 13 12
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
95 98 95 94 93 102 97
85
89
74
74 82 80 80
70 77 79 79 74 54 55 58
J A S O N D J 16
5
66
71 4 6
13 12 5 4 6 3 5 10 3 5 10 6
62 54
65 55 67 68 68 65 66 62 64 63
6 10 14 6 10 14 6 12
12 13 7 7 10
50 54
J A S O N D J
17
13 7
58 62 65 67 68 68 65 66 62 64 63
7
9 7
10
50 54
3 Mo Avg
9 7
120.0 100.0 80.0
60.0 40.0 20.0 0.0
6 | 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 .