CAR ARCHIVED January 2017 | Page 18

Market Action Report January 2017 County : Iredell
Community Information | School District

Market Action Report January 2017 County : Iredell

Agent Name
Price Range : $ 1,000,000 and Up | 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
$ 1,590,000
1 %
-0%
Average List Price of all Current Listings
$ 1,831,703
0 %
-0%
January Median Sales Price
$ 1,800,000
37 %
38 % -36%
40 %
$ 1,800,000
-36%
40 %
January Average Sales Price
$ 1,925,000
28 %
22 % -32%
30 %
$ 1,925,000
-32%
30 %
Total Properties Currently for Sale ( Inventory )
69 -12%
-5%
January Number of Properties Sold
3 -25%
50 %
3
50 %
January Average Days on Market ( Solds )
77 -44% -30% -19% -43%
77
-19%
-43%
Asking Price per Square Foot ( based on New Listings )
$ 241
9 %
-9% -15% -22%
$ 241
-15%
-22%
January Sold Price per Square Foot
$ 491
65 %
49 %
23 %
75 %
$ 491
23 %
75 %
January Month ' s Supply of Inventory
23.0
18 % -16% -37%
6 %
23.0
-37%
6 %
January Sale Price vs List Price Ratio
92.5 %
4.8 %
. 2 %
2.5 %
. 7 %
92.5 %
3 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales January Property sales were 3 , up 50.0 % from 2 in January of 2016 and 25.0 % lower than the 4 sales last month . January Property 2017 sales Sales were at their highest level compared to January of 14 January 2016 and
Property
2015 . sales January were YTD 3 , up sales 50.0 of % 3 from are
2 running January
50.0 of % 2016 ahead and of 25.0 last % year lower ' s year-to-date than the 4 sales sales last of month 2 .
. January 12 2017 sales were at their highest level compared to January of 2016 and 2015 . January YTD sales of 3 are running 50.0 % 10 ahead of last year ' s year-to-date sales of 2 . 8 6 4
14 12 10 8 6 4 2
59

Iredell

1
70 59
2
86
80 70
6 89
Title Phone

Community Information | School District

Website
Other
5 87
4 83
4
88 87
78
66
Number of Properties Sold
2
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 $ 1,800,000 , down
Prices
3,000
36.3 % from $ 2,825,000 in January of 2016 and up 36.7 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 1,316,500 Median Sales last month Price in . January The Average was $ Sales 1,800,000 Price , in down January was
2,800
3,000
36.3
$ 1,925,000 % from $ , 2,825,000 down 31.9 in % January from $ 2,825,000 of 2016 and in up January 36.7 % of from 2016
2,600
$ 1,316,500 last month . The Average Sales Price in January was
2,800 and up 27.6 % from $ 1,508,250 last month . January 2017 ASP
2,400
$ 1,925,000 , down 31.9 % from $ 2,825,000 in January of 2016
2,600 was at a mid range compared to January of 2016 and 2015 .
2,200 and up 27.6 % from $ 1,508,250 last month . January 2017 ASP
2,400
2,000 was at a mid range compared to January of 2016 and 2015 .
2,200
1,800
2,000
1,600
1,800
1,400
1,600
1,400
1,200
1,200
1,000
1,000
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
14 A M J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
17
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 69 , down of Properties 11.5 % from available 78 last for month sale as and of down 5.5 %
120
January from 73 was in January 69 , down of 11.5 last % year from . 78 January last month 2017 and Inventory down 5.5 was % at
120 a
100
Total Inventory & Month ' s Supply of Inventory ( MSI )
70.0
70.0
60.0
from mid 73 level in January compared of last with year January . January of 2016 2017 and Inventory 2015 . was at a
100 mid level compared with January of 2016 and 2015 .
80
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 January for 2017 sellers MSI while of 23.0 a
40 higher months MSI was is better at its lowest for buyers level . The compared January with 2017 January MSI of of 23.0 2016
20 months and 2015 was . at its lowest level compared with January of 2016 and 2015 .
0
60.0
80
50.0
60
40.0
40
30.0
20
20.0
10.0
0
0.0
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
F
M
14 A M J
J A S O N D J
F M
15 A M J
J A S O N D J
F M
16 A M J
J A S O N D J
17
14
15
16
17
50.0
40.0
30.0
20.0
10.0
0.0
80 86 89 87
7 83
4 88
6 87
0 78
58 59
2
66 73
1 58
Number of Properties Sold
75 3
59 76
5
73 75
74 6 72
76 6 74
74 9 70
72 7
66 74
2
70 70 65
3 66 73
4 70 70
2 80 65
6 91 73 2 4 4
1 2 6 5 4 4 7 4 6 0 2 1 3 5 6 6 9 7 2 3 4 2 6 2 4 4 6 6 12
98 98 96
70 80
91 6 98
91 91
6
98
85 12
96 6
91
80 78
3 Mo Avg
91 7
85
69 3
80 3
6 7 3 3 2 4 3
78
3 Mo Avg
2
69 4 3
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 : $ 1,000,000 and Up | 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 .