CAR ARCHIVED July 2017 | Page 12

Market Action Report
July 2017
County: Mecklenburg
MECKLENBURG
Market Action Report
Agent Name
July 2017
Title
Phone
Agent
Name
Website
Title
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
County: Mecklenburg
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price Range: $1,000,000 and Up | Properties: SFH - Con
Median List Price of all Current Listings
$1,495,000
0%
Trending versus*:
Prior YTD Prior Year
YTD
0%
versus*:
Trending versus*:
Average List Price of all Current Listings
$1,843,645 Trending
0%
5%
Market Profile & Trends Overview
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
July Median
Sales
Price
$1,300,000
1% $1,310,000
3%
2%
Median
List Price
of all
Current Listings
$1,495,000
0% -4% -1%
0% 4%
July
Average
Sales
Price
$1,380,577
-4%
-4%
-10%
-5%
$1,450,752
1%
-1%
Average List Price of all Current Listings
$1,843,645 0%
5%
Total
Properties
for Sale (Inventory)
July
Median
Sales Currently
Price
$1,300,000 296
-4% -2%
-1% 4% 5%
1% $1,310,000
3%
2%
July Average
Number
of Properties
Sold
31 -43%
July
Sales
Price
$1,380,577 -4%
-4% -10% -16%
-5% $1,450,752 231
1% 25% -1%
July Properties
Average Days
on Market
(Solds)
77 -13% -4%
83
1%
-7%
Total
Currently
for Sale
(Inventory)
296 -2%
5% -9% -13%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$359
16%
9%
11%
13%
$321
5%
1%
July Number of Properties Sold
31 -43%
-16%
231
25%
July
Days per
on Square
Market Foot
(Solds)
77
-13% -3%
-4% -3%
-9% -7%
-13% -4%
83 $297 1% 3% -7%
July Average
Sold Price
$281
1%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$359
16%
9%
11%
13%
$321
5%
1%
July Month's Supply of Inventory
9.5 71% 19% 26% -8%
9.9 -12%
-5%
July
Foot
$281 91.1%
-3% -3.9%
-3% -3.1%
-7% -.4%
-4% -2.4% $297 93.8%
3% -0% 1%
July Sold
Sale Price
Price per
vs Square
List Price
Ratio
1%
* LM=Last
Month / L3M=Last
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 9.5 71% 19% 26%
July
Month's
Supply 3 Months
of Inventory
-8%
9.9 -12%
-5%
July Sale Price vs List Price Ratio
91.1% -3.9% -3.1% -.4% Number
-2.4%
-0% Sold 1%
of 93.8%
Properties
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property Sales
60
Number of Properties Sold
July Property sales were 31, down 16.2% from 37 in July of 2016
and 42.6% Sales
lower than the 54 sales last month. July 2017 sales
Property
60 50
were
at a mid
level
compared
to 16.2%
July of
2016
2015.
July
July
Property
sales
were
31, down
from
37 and
in July
of 2016
YTD
sales lower
of 231
are the
running
24.9%
ahead of July
last 2017
year's
year-to-
and
42.6%
than
54 sales
last month.
sales
50 40
date at sales
of level
185. compared to July of 2016 and 2015. July
were
a mid
YTD sales of 231 are running 24.9% ahead of last year's year-to-
date sales of 185.
3 Mo Avg
40 30
30 20
17
25
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
1,500 1,400
1,400
1,300
1,300
1,200
1,200
1,100
1,100
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 J
A S 14
O N D J F 15
M A M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J
14
15
16
17
200
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
200
25.0
150 150
comparatively
lower
MSI
is more
beneficial
for sellers
while
A A comparatively
lower
MSI
is more
beneficial
for sellers
while
a a
100 100
higher MSI
MSI
better
buyers.
July
2017
of 9.5
higher
is is
better
for for
buyers.
The The
July
2017
MSI MSI
of 9.5
50 50
months
was
at
its
highest
level
compared
with
July
of
2016
and
months was at its highest level compared with July of 2016 and
0
2015.
0
2015.
J A F M
M J A M
J A
S O
D A J M F J M J A
A S A O S N O
D N J D
F M
J 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
N D
J F N M
16
17
14 14
15 15
16
17
Copyright
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and Up
Types: Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and | Property
Up | Property
SFH - Con
12
| © Coldwell
coldwellbankerluxury.com
Data
is is
provided
courtesy
of Charlotte
Regional
REALTOR
Association,
Triad Triad
MLS, MLS,
Inc. and
reflect
all relevant
real estate
Coldwell Coldwell
Banker Residential
Brokerage Brokerage
Data
provided
courtesy
of Charlotte
Regional
REALTOR
Association,
Inc. may
and not
may
not reflect
all relevant
real activity.
estate activity.
Banker Residential
does
warrant
or guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
seller
verify to any
and any
all information
relevant relevant
to such consumer’s
real estate real
transaction.
does not not
warrant
or guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any or
buyer
or to seller
verify
and all information
to such consumer’s
estate transaction.
Inventory & MSI
Inventory
& MSI of Properties available for sale as of July
The Total Inventory
The
of Properties
available
for and
sale up
as 5.3%
of July
was Total
296, Inventory
down 2.0%
from 302 last
month
from 281 350
was 296, down 2.0% from 302 last month and up 5.3% from 281 350
in July of last year. July 2017 Inventory was at its highest level
300
in July of last year. July 2017 Inventory was at its highest level
300
compared with July of 2016 and 2015.
250
compared with July of 2016 and 2015.
250
level compared to July of 2016 and 2015.
Prices
The Median Sales Price in July was $1,300,000, up 4.0% from
Prices
1,800
$1,250,000 in July of 2016 and down 3.7% from $1,350,000
The Median Sales Price in July was $1,300,000, up 4.0% from
1,800 1,700
last
month.
The
Average
Sales
Price
in
July
was
$1,380,577,
$1,250,000 in July of 2016 and down 3.7% from $1, 350,000
down
10.3%
from
$1,539,556
in July
of 2016
and down 3.8%
last
month.
The
Average
Sales Price
in July
was $1,380,577,
1,700 1,600
from 10.3%
$1,434,513
last month. in July
ASP
was
at the
lowest
down
from $1,539,556
July 2017
of 2016
and
down
3.8%
1,600 1,500
level
compared
to
July
of
2016
and
2015.
from $1,434,513 last month. July 2017 ASP was at the lowest
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 J
14
15
16
17
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 J
Median Sales Price
and Average Sales Price
14
15
16
17
0
0
10
20 10
20.0
15.0
25.0
20.0
15.0
10.0 10.0
5.0 5.0
0.0
M J J
0.0