CAR ARCHIVED July 2016 | Page 16

Community Information | School District
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
$ 178,990
0 %
28 %
Average List Price of all Current Listings
$ 236,979
4 %
30 %
July Median Sales Price
$ 154,570
-4%
1 %
3 %
8 %
$ 149,900
4 %
5 %
July Average Sales Price
$ 164,220
-9%
-3%
-5%
1 %
$ 166,517
3 %
3 %
Total Properties Currently for Sale ( Inventory )
717
-7%
-36%
July Number of Properties Sold
219
-29%
-26%
1,638
5 %
July Average Days on Market ( Solds )
74
1 %
-5%
0 %
-11%
81
-6%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 97
5 %
2 %
14 %
14 %
$ 92
7 %
8 %
July Sold Price per Square Foot
$ 88
1 %
3 %
5 %
9 %
$ 84
5 %
4 %
July Month ' s Supply of Inventory
3.3
31 %
15 % -13% -35%
3.7
-29%
-27%
July Sale Price vs List Price Ratio
96.6 %
1.2 % 1.2 % 2.1 %
3.4 %
94.6 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Gaston

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Community Information | School District

3 Mo Avg
Property Sales July Property sales were 219 , down 25.5 % from 294 in July of 2015 and 29.4 % lower than the 310 sales last month . July 2016 sales were at their lowest level compared to July of 2015 and 2014 . July YTD sales of 1,638 are running 4.7 % ahead of last year ' s year-to-date sales of 1,565 .
Prices The Median Sales Price in July was $ 154,570 , up 3.2 % from $ 149,849 in July of 2015 and down 3.7 % from $ 160,470 last month . The Average Sales Price in July was $ 164,220 , down 4.7 % from $ 172,334 in July of 2015 and down 8.7 % from $ 179,817 last month . July 2016 ASP was at a mid range compared to July of 2015 and 2014 .
300 350
250 300
200 250
150 200
150 100 100 50 0
350
50 0
Number of Properties Sold
187 166 165 174 179 122 135 158 205 197 208 236 226 197 201 177 194 165 173 203 223 237 270 294 206 262 211 200 220 164 182 223 261 279 310 219
A 13
187
A
166 165 174 179
13
S
O N D
J
14
122 135 158 205 197 208 236 226 197 201 177
14
F M A M J
J
A
S
O N D
J
15
15
F M A M J
J
A
S
O N D
J
16
3 Mo Avg
200
190
200
180
190
170
180
160
170
160
150
Median Sales Price and Average Sales Price
3 Mo Avg
150
140
140
130
130
120
120
110
110
100
100
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
A
S13O N D
J
F
14 M A M J
J
A
S
O N D
J
F M15A M J
J
A
S
O N D
J
F M
16 A M J
J
13
14
15
16
194 165 173
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
16
F M A M J
J
203 223 237 270 294 206 262 211 200 220 164 182 223 261 279 310 219
3 Mo Avg
J
Inventory & MSI The Total Inventory of Properties available for sale as of July was 717 , down 7.1 % from 772 last month and down 35.5 % from 1,112 in July of last year . July 2016 Inventory was at its lowest level compared with July of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The July 2016 MSI of 3.3 months was at its lowest level compared with July of 2015 and 2014 .
1,600 1,6001,400
1,400 1,200
1,200 1,000
1,000 800
800 600
600 400
400 200
200 0
0
1,485 1,511 1,453 1,353 1,295 1,256 1,257
A
13
1,485 1,511 1,453 1,353 1,295
Total Inventory & Month ' s Supply of Inventory ( MSI )
1,256 1,257 1,274 1,295 1,303 1,326 1,315 1,297 1,320 1,257 1,193
1,274 1,295 1,303 1,326 1,315 1,297 1,320 1,257 1,193 1,126 1,121 1,144 1,126
1,121 1,144 1,125 1,117 1,102 1,067 1,112 1,136 1,085 1,062 1,017 959 920
1,125 1,117 1,102 1,067 1,112 1,136 1,085 1,062 1,017 959 920 853 841 807 780 772 717
12.0 10.0
8.0
6.0
853 841 807 780 772 717
0.0
S
A O
S N
O D
N J
D F M
J
A
F M
J
A
J
M
A
J S
J O
A N
S D
O J
N F
D M
J A
F M
M J
A J
M A
J S O
J
N
A
D
S O J F
N
M
D
A
J M
F
J
M J
A M J J
13 14 14
15 15
16 16
4.0 2.0
12.0 10.0 8.0 6.0 4.0 2.0 0.0
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