CAR ARCHIVED January 2017 | Page 8

Market Action Report January 2017
Community Information | School District
Market Action Report January 2017

County : Cabarrus

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
$ 304,990
3 %
28 %
Average List Price of all Current Listings
$ 330,852
4 %
16 %
January Median Sales Price
$ 182,900
-8%
-5%
2 %
-6%
$ 182,900
2 %
-6%
January Average Sales Price
$ 207,542
-12% -5%
3 %
-3%
$ 207,542
3 %
-3%
Total Properties Currently for Sale ( Inventory )
509
-7%
-31%
January Number of Properties Sold
193 -36%
12 %
193
12 %
January Average Days on Market ( Solds )
47
2 %
-4% -38% -15%
47
-38%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 105
-2%
1 %
8 %
2 %
$ 105
8 %
2 %
January Sold Price per Square Foot
$ 98
-2%
0 %
11 %
2 %
$ 98
11 %
2 %
January Month ' s Supply of Inventory
2.6
46 %
11 % -38%
-1%
2.6
-38%
-1%
January Sale Price vs List Price Ratio
96.2 % -1.1% -. 3 % 1.4 %
-. 1 %
96.2 %
1 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Cabarrus

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
400
January Property sales were 193 , up 11.6 % from 173 in January of 2016 and 35.9 % lower than the 301 sales last month . January
350
Property
2017 sales Sales were at their highest level compared to January of
400
January Property sales were 193 , up 11.6 % from 173 in January
300
2016 and 2015 . January YTD sales of 193 are running 11.6 % of 2016 and 35.9 % lower than the 301 sales last month . January
350 ahead of last year ' s year-to-date sales of 173 .
250
2017 sales were at their highest level compared to January of
300
2016 and 2015 . January YTD sales of 193 are running 11.6 %
200
Number of Properties Sold
3 Mo Avg
ahead of last year ' s year-to-date sales of 173 .
250
150
200
100
150
50
100
50
0
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
0
14
15
16
17
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in January was $ 182,900 , up 1.6 % from
Prices
250
$ 180,000 in January of 2016 and down 8.2 % from $ 199,240
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month . Sales The Price Average in January Sales Price was $ in 182,900 January , up was 1.6 $ % 207,542 from ,
240
250
$ up 180,000 2.7 % from in January $ 201,994 of 2016 in January and down of 8.2 2016 % from and down $ 199,240 11.8 %
230 last month . The Average Sales Price in January was $ 207,542 ,
240 from $ 235,245 last month . January 2017 ASP was at the
220 up 2.7 % from $ 201,994 in January of 2016 and down 11.8 %
230 highest level compared to January of 2016 and 2015 .
210 from $ 235,245 last month . January 2017 ASP was at the
220
200 highest level compared to January of 2016 and 2015 .
210
190
200
180
190
170
180
170
160
160
150
150
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
171 183 195 241 276 294 325 236 267 194 249 179 168 225 249 271 344 365 271 285 257 205 273 173 185 284 257 334 341 328 353 310 280 224 301 193
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
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
January Total Inventory was 509 , down of Properties 6.6 % from available 545 last for sale month as of and down
1,400
January
30.7 % from was 509 735 , down in January 6.6 % from of last 545 year last . January month and 2017 down Inventory
1,4001,200
30.7 was % at from its lowest 735 in level January compared of last year with . January 2017 of 2016 Inventory and
20151,200 .
1,000 was at its lowest level compared with January of 2016 and 2015 .
1,000
800
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
6.0
5.0
800
600
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 January for 2017 sellers MSI while of a 2.6
400 higher months MSI was is better at its lowest for buyers level . The compared January with 2017 January MSI of of 2.62016
200 months was at its lowest level compared with January of 2016
200 and 2015 .
0 and 2015 .
0
F
M A M J
M 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
17
1,132 1,176 1,193 1,222 1,192 1,160 1,121 1,084 1,019 996
906
F 14
171
14
183 195 241 276 294 325 236
1,132 1,176 1,193 1,222 1,192 1,160 1,121 1,084
267 1,019
194
J A S O N D J 15
249
Number of Properties Sold
179
15
168 225 249 271 344 365 271
917 903 956 961 970 927 965 960 982 940 873
285 257
996 906 917 903 956 961 970 927 965 960 982 940 873
J A S O N D J
16
205 273
750 735
173
16
185 284 257 334 341 328 353
750 735 686 723 772 774 787 800 773 758
679 598 545 509
310
686 723 772 774 787 800 773 758
679
J A S O N D J 17
280 598
3 Mo Avg
224 301
545 509
193
17
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 .