CAR ARCHIVED February 2017 | Page 8

Market Action Report February 2017 County : Cabarrus
Community Information | School District
Market Action Report February 2017 County : Cabarrus
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
$ 309,945
3 %
29 %
Average List Price of all Current Listings
$ 345,102
6 %
18 %
February Median Sales Price
$ 199,000
9 %
2 %
12 %
3 %
$ 188,500
5 %
-3%
February Average Sales Price
$ 216,767
5 %
-2%
5 %
1 %
$ 210,737
3 %
-2%
Total Properties Currently for Sale ( Inventory )
548
3 %
-20%
February Number of Properties Sold
173 -13%
-6%
372
4 %
February Average Days on Market ( Solds )
60
28 %
15 % -22%
9 %
53
-31%
-4%
Asking Price per Square Foot ( based on New Listings )
$ 108
4 %
2 %
10 %
5 %
$ 106
8 %
3 %
February Sold Price per Square Foot
$ 100
3 %
1 %
8 %
4 %
$ 98
8 %
2 %
February Month ' s Supply of Inventory
3.2
18 %
24 % -15%
18 %
2.9
-27%
9 %
February Sale Price vs List Price Ratio
95.8 %
-. 1 %
-. 6 %
. 4 %
-. 5 %
95.8 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Cabarrus

Property Sales
400
February Property sales were 173 , down 6.5 % from 185 in
February of 2016 and 13.1 % lower than the 199 sales last month .
350
Property
February 2017 Sales sales were at a mid level compared to February
400 of
February Property sales were 173 , down 6.5 % from 185 in
300
2016 and 2015 . February YTD sales of 372 are running 3.9 %
February of 2016 and 13.1 % lower than the 199 sales last month .
350 ahead of last year ' s year-to-date sales of 358 .
250
February 2017 sales were at a mid level compared to February of
300
2016 and 2015 . February YTD sales of 372 are running 3.9 %
200
Number of Properties Sold
3 Mo Avg
ahead of last year ' s year-to-date sales of 358 .
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 $ 199,000 , up 12.4 %
Prices
250 from $ 177,000 in February of 2016 and up 9.3 % from $ 182,135
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month . Sales The Price Average in February Sales Price was in $ 199,000 February , up was 12.4 $ 216,767 %
250
,
240 from up 4.8 $ 177,000 % from in $ 206,927 February in of February 2016 and of up 2016 9.3 % and from up $ 5.5 182,135 % from
230 last month . The Average Sales Price in February was $ 216,767 ,
240
$ 205,494 last month . February 2017 ASP was at the highest
220 up 4.8 % from $ 206,927 in February of 2016 and up 5.5 % from
230 level compared to February of 2016 and 2015 .
210
$ 205,494 last month . February 2017 ASP was at the highest
220
200 level compared to February of 2016 and 2015 .
210
190
200
180
190
170
180
170
160
160
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
183 195 241 276 294 325 236 267 194 249 179 168 225 249 271 344 365 271 285 257 205 273 173 185 284 257 334 341 328 353 310 280 224 304 199 173
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 548 , of up Properties 3.0 % from available 532 last for month sale as and of down
February
20.1 % from was 686 548 , in up February 3.0 % from of 532 last last year month . February and down 2017 20.1
Inventory % from was 686 in at February its lowest of level last compared year . February with 2017 February of
Inventory
2016 and was 2015 at . its lowest level compared with February of
2016 and 2015 .
1,400
1,4001,200
1,2001,000
1,000
800
800
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
6.0
5.0
4.0
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 3.2
400 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of of 3.22016
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
3.0
2.0
1.0
0.0
J A S O N D J
F
F
17
1,176 1,193 1,222 1,192 1,160 1,121 1,084 1,019 996
906
M
14
183 195 241
Title Phone

Community Information | School District

14
Website Other
276 294 325 236
1,176 1,193 1,222 1,192 1,160 1,121 1,084 267 194
1,019 996
J A S O N D J
15
249 179
15
Number of Properties Sold
168 225 249 271 344 365 271
917 903 956 961 970 927 965 960 982 940 873 285 257
906 917 903 956 961 970 927 965 960 982 940 873
J A S O N D J
16
205 273 173
16
750 735 686 185 284 257 334 341 328 353 310
724 773 775 787 800 773 758 680
750 735 686 724 773 775 787 800 773 758
680 601 551 532 548
J A S O N D J
17
280 224
601 551
3 Mo Avg
304 199
532 548
17
173
7.0 6.0 5.0
4.0 3.0 2.0 1.0 0.0
8 | 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 .