CAR ARCHIVED July 2017 | Page 19

Market Action Report July 2017
Market Action Report July 2017

CHARLESTON

County : Charleston

Community Information | School District
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
$ 1,650,000
-0%
3 %
Average List Price of all Current Listings
$ 2,230,537
-0%
12 %
July Median Sales Price
$ 1,300,000
-18% -15% -12% -12%
$ 1,525,000
2 %
4 %
July Average Sales Price
$ 2,121,001
15 %
11 %
24 %
20 %
$ 1,865,370
5 %
6 %
Total Properties Currently for Sale ( Inventory )
469
-2%
9 %
July Number of Properties Sold
38 -39%
15 %
291
32 %
July Average Days on Market ( Solds )
104 -30% -17%
4 %
-23%
136
-4%
1 %
Asking Price per Square Foot ( based on New Listings )
$ 476
-6% -10%
5 %
-8%
$ 512
2 %
-1%
July Sold Price per Square Foot
$ 484
-3%
-3%
15 %
3 %
$ 488
4 %
4 %
July Month ' s Supply of Inventory
12.3
60 %
36 %
-6%
-18%
12.2
-21%
-19%
July Sale Price vs List Price Ratio
92.1 %
. 3 %
-. 2 % 3.3 % 1.5 %
91.5 %
2 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
70 July Property sales were 38 , up 15.2 % from 33 in July of 2016 and 38.7 % lower than the 62 sales last month . July 2017 sales 60 Property Sales were at their highest level compared to July of 2016 and 2015 . 70 July Property sales were 38 , up 15.2 % from 33 in July of 2016 July YTD sales of 291 are running 31.7 % ahead of last year ' s yearto-date sales of 221 .
50 and 38.7 % lower than the 62 sales last month . July 2017 sales 60 were at their highest level compared to July of 2016 and 2015 . 40 July YTD sales of 291 are running 31.7 % ahead of last year ' s yearto-date sales of 221 .
30
50 40 30 20
20 10
23 16 22 9
Number of Properties Sold
10
0
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
0
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
Prices
14
15
Median Sales Price
16 and Average Sales Price
17
3 Mo Avg
The Median Sales Price in July was $ 1,300,000 , down 11.6 %
Prices
2,200 from $ 1,470,000 in July of 2016 and down 17.7 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The
$ 1,580,000 Median Sales last Price month in . July The was Average $ 1,300,000 Sales Price , down in 11.6 July % was
2,100
2,200 from
$ 2,121,001 $ 1,470,000 , up 24.3 in July % from of 2016 $ 1,706,136 and down in 17.7 July % of from 2016 and up
2,000
$ 1,580,000 last month . The Average Sales Price in July was
2,100
15.3 % from $ 1,839,716 last month . July 2017 ASP was at the
1,900
$ 2,121,001 , up 24.3 % from $ 1,706,136 in July of 2016 and up
2,000 highest level compared to July of 2016 and 2015 .
1,800
15.3 % from $ 1,839,716 last month . July 2017 ASP was at the
1,900
1,700 highest level compared to July of 2016 and 2015 .
1,800
1,600
1,700
1,600
1,500
1,5001,400
1,4001,300
1,3001,200
1,200
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 M16A M J
J
A S O N D
J
F M
17 A M J
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 July
The was Total 469 , Inventory down 2.1 % of from Properties 479 last available month for and sale up as 8.6 of % July from 432
600 was in July 469 , of down last 2.1 year % . from July 479 2017 last Inventory month and was up at 8.6 its % highest from 432 level
600
500 in compared July of last with year July . July of 2017 2016 Inventory and 2015 was . at its highest level
500 compared with July of 2016 and 2015 .
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
45.0
40.0
35.0
400
30.0
300
25.0
300
20.0
A comparatively lower MSI is more beneficial for sellers while a
200
A comparatively lower MSI is more beneficial for sellers while a
200
15.0 higher MSI is better for buyers . The July 2017 MSI of 12.3 higher MSI is better for buyers . The July 2017 MSI of 12.3
100
10.0 months was at a mid level compared with July of 2016 and 2015
100 . months was at a mid level compared with July of 2016 and 2015 .
5.0
0
0
0.0
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
S O N D J
F M A 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
14
15
16
17
J
399
23 16 22
Agent Name
Title Phone Website Other
9 18 20 21 25 29
18 20 21 25 29 39 42 33 21 30 25 20 31 13 32 21 24 43 55 33 39 35 29 23 25 27 24 42 33 65 62 38
396
400 399
378 396
354 400
368 378
387 354
386 368
395 387
392 386
389 395
39 392
376
353 42 33
Number of Properties Sold
21 30 25 20 31 13 32
389
363 376
349 353
343 363
326
349
342 343 376 326
433
342 432 376 446
21 24 43 55 33 39 35 29 23 25 27
3 Mo Avg
24
447
433
432 432
428 446
428 447
420 432
413 428
395 428
393 420
427 413
395 464
393 484
471 427 479
464 469 484
42 471
33 479
3 Mo Avg
65
469 62 38
45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
Coldwell Banker Global Luxury SM | 19
Data is provided courtesy of Charleston Trident Association of REALTORS , Piedmont Regional Association of REALTORS 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 .