CAR ARCHIVED July 2017 | Page 8

Market Action Report July 2017
Market Action Report July 2017

IREDELL

County : Iredell

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
$ 1,675,000
5 %
12 %
Average List Price of all Current Listings
$ 2,017,908
1 %
5 %
July Median Sales Price
$ 1,575,000
31 %
20 %
27 %
22 %
$ 1,230,000
-7%
-5%
July Average Sales Price
$ 1,655,938
37 %
4 %
20 %
11 %
$ 1,526,415
2 %
3 %
Total Properties Currently for Sale ( Inventory )
85
0 %
-11%
July Number of Properties Sold
8
167 %
33 %
35
-13%
July Average Days on Market ( Solds )
80 -79% -29% -42% -41%
143
-4%
5 %
Asking Price per Square Foot ( based on New Listings )
$ 294
-7%
0 %
-22%
-5%
$ 294
-10%
-5%
July Sold Price per Square Foot
$ 260
20 %
0 %
15 %
-7%
$ 276
0 %
-1%
July Month ' s Supply of Inventory
10.6 -63% -44% -33% -51%
18.2
-3%
-15%
July Sale Price vs List Price Ratio
92.7 % -11.8% -1.3% 2.0 %
. 9 %
92.9 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales July Property sales were 8 , up 33.3 % from 6 in July of 2016 and Property 166.7 % higher Sales than the 3 sales last month . July 2017 sales were
14
July at their Property highest sales level were compared 8 , up 33.3 to % July from of 6 2016 in July and of 2016 2015 and . July
166.7 YTD % sales higher of than 35 are the running 3 sales last 12.5 month % behind . July last 2017 year sales ' s year-todate their sales highest of 40 level . compared to July of 2016 and 2015 . July
were 12 at YTD sales of 35 are running 12.5 % behind last year ' s year-todate sales of 40 .
10 8
14 12 10 8 6
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
6 4
4 2
2
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 $ 1,575,000 , up 26.9 % from
Prices
Median Sales Price and Average Sales Price
$ 1,241,250 in July of 2016 and up 31.1 % from $ 1,201,000 last
The Median Sales Price in July was $ 1,575,000 , up 26.9 % from
2,800
3 Mo Avg month . The Average Sales Price in July was $ 1,655,938 , up
$ 1,241,250 in July of 2016 and up 31.1 % from $ 1,201,000 last
2,8002,600 month
19.7 % . from The Average
$ 1,382,872 Sales
in Price
July in
of July
2016 was
and $ 1,655,938
up 37.3 % , up
from
2,6002,400
19.7
$ 1,206,500 % from $ 1,382,872 last month in . July July of 2017 2016 ASP and was up 37.3 at a % mid from range
2,4002,200
$ compared 1,206,500 last to July month of 2016 . July and 2017 2015 ASP . was at a mid range
2,2002,000 compared to July of 2016 and 2015 .
2,0001,800
1,8001,600
1,6001,400
1,4001,200
1,2001,000
1,000
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
83 7
89
88 83 4
79 6
67 0 59
2
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of July
Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 85 , equal
Inventory to 85 of last Properties month and available down for 10.5 sale
% as from of July 95 in July 120 was 85 , equal to 85 last month and down 10.5 % from 95 in July 120
70.0 of last year . July 2017 Inventory was at a mid level compared of last year . July 2017 Inventory was at a mid level compared
100 100
60.0 with July of 2016 and 2015 . with July of 2016 and 2015 .
80 50.0
80 60
40.0 60
30.0
A
A comparatively
comparatively lower
lower MSI
MSI is more
is more beneficial
beneficial for sellers
for sellers while
while a a 40 40
20.0 higher higher MSI MSI is is better better for for buyers buyers . The . The July July 2017 2017 MSI MSI of 10.6 of 10.6
20 20 months months was was at at a mid a mid level level compared compared with with July July of 2016 of 2016 and and 2015 2015 . .
10.0
0 0 0.0
A S AO SN OD NJ
DF MJ AF M JA MJ AJ
SJ OA NS DO JNFDM JA FM MJ AJ MA JS OJ AN DS OJ
FN MD AJ MF JM JA M J J
14 14 15 15
16 16
17 17
89 88
79
67 60
1 74 59
3 76
60 5 6
77 74
76 76
6 77
74 76
9 76
72 7 74
68 2
76 72
3
72 68 75 72 72 67 81 75
67 4 2 6 2
92
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
99
99 92
72 81
95 6 99
6 99
89 89
12 95 82
6 89
7 89
77 75
3 82 69
3
77
77 75
69 78
59
2 4
90 3
59 3
77
85 85 78
9 90
4
6 7 3 3 2 4 3 3 9 4 5 3 8
85 5
85 3 8
70.0 60.0
50.0 40.0 30.0 20.0 10.0 0.0
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