CAR ARCHIVED July 2017 | Page 6

Market Action Report
July 2017
County: Cabarrus
CABARRUS
Market Action Report
Agent Name
July 2017
Title
Phone
Agent Name
Website
Title
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$1,312,500
-4%
-2%
County: Cabarrus
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 | of
Properties:
SFH - Con Listings
Median
List Price
all Current
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
$1,431,282 Trending
-15% versus*:
-19%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,500,000
0%
2% $1,500,000
2%
2%
$1,312,500
-4%
-2%
$1,500,000
0%
2%
$1,500,000
2%
2%
$1,431,282 -15%
-19%
12
-25%
-25%
$1,500,000
0%
2% $1,500,000
2%
2%
July Average
Number
of Properties
Sold
1 0%
1
0% 2%
July
Sales
Price
$1,500,000
2% $1,500,000
2%
July Properties
Average Days
on Market
(Solds)
0%
64%
190
64%
64%
Total
Currently
for Sale
(Inventory)
12 190
-25%
-25%
Asking
Price of per
Square Foot
-19%
July
Number
Properties
Sold (based on New Listings)
1 $0 -100% -100% -100% -100%
1 $244 0% -22%
July Average
Sold Price
$309
July
Days per
on Square
Market Foot
(Solds)
190
0% 0%
64% 33%
190 $309
64% 33% 64% 33%
July Month's
Inventory
0% -14% $244 12.0
Asking
Price per Supply
Square of Foot
(based on New Listings)
$0 12.0
-100% 0%
-100% 0%
-100% -100%
-22% -14% -19% -14%
July
Foot
$309 88.2%
0% -.0% 33% -7.3% $309 88.2%
33% -7% 33% -7%
July Sold
Sale Price
Price per
vs Square
List Price
Ratio
* LM=Last
Month / L3M=Last
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 12.0 0%
July
Month's
Supply 3 Months
of Inventory
0% 0% -14%
12.0 -14%
-14%
July Sale Price vs List Price Ratio
88.2%
-.0%
-7.3%
-7% Sold -7%
Number
of 88.2%
Properties
Average List Price of all Current Listings
Market Profile & Trends Overview
July Median Sales Price
Median List Price of all Current Listings
July Average Sales Price
Average List Price of all Current Listings
Total
Properties
for Sale (Inventory)
July
Median
Sales Currently
Price
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
0
0
3 Mo Avg
5
0
A
14
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.
Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and | Property
Up | Property
SFH - Con
Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and Up
Types: Types:
SFH - Con
10
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
J A F M
M J A M
S O J N
D A J M F J M J A M J J
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 J O A
N D
F M
14
16
17
15 15
16
17
15
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory
& MSI of Properties available for sale as of July
The Total Inventory
20
The
Inventory
of from
Properties
available
as of
July from
was Total
12, down
25.0%
16 last
month for
and sale
down
25.0%
20
was
12, July
down
from July
16 last
month
and down
from level
16 in
of 25.0%
last year.
2017
Inventory
was 25.0%
at its lowest
16 compared
in July of with
last year.
July
2017
Inventory
July of
2016
and
2015. was at its lowest level
15
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The July 2017 MSI of 12.0
5
higher MSI is better for buyers. The July 2017 MSI of 12.0
months was
was
highest
level
compared
with
of 2016
months
at at
its its
highest
level
compared
with
July July
of 2016
and and
2015.
0
2015.
Median Sales Price and Average Sales Price
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
1,000
10
Prices
0
The Median Sales Price in July was $1,500,000, up from $0 in
1,500
Prices
July of 2016 and up from $0 last month. The Average Sales
The Median Sales Price in July was $1,500,000, up from $0 in
Price in July was $1,500,000, up from $0 in July of 2016 and 1,500 1,450
July of 2016 and up from $0 last month. The Average Sales
up from $0 last month. July 2017 ASP was at the highest level 1,450 1,400
Price in July was $1,500,000, up from $0 in July of 2016 and
compared to July of 2016 and 2015.
1,400 1,350
up from $0 las