CAR ARCHIVED June 2016 | Page 24

Rowan Community Information | School District

Rowan 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
$ 1,599,500
0 %
10 %
Average List Price of all Current Listings
$ 2,045,583
0 %
-7%
June Median Sales Price
$ 1,065,000
0 %
-20%
$ 1,065,000
-27%
-20%
June Average Sales Price
$ 1,065,000
0 %
-46%
$ 1,065,000
-27%
-46%
Total Properties Currently for Sale ( Inventory )
6
0 %
-33%
June Number of Properties Sold
1
1
0 %
June Average Days on Market ( Solds )
312
0 %
6 %
312
26 %
6 %
Asking Price per Square Foot ( based on New Listings )
$ 0
0 %
0 %
-100% -100%
$ 312
-7%
8 %
June Sold Price per Square Foot
$ 209
35 %
-59%
$ 155
23 %
-69%
June Month ' s Supply of Inventory
6.0
0 %
0 %
0 %
-8%
6.0
-33%
-8%
June Sale Price vs List Price Ratio
88.8 %
. 1 %
12.4 %
88.8 %
4 %
12 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
3 Mo Avg
Property Sales June Property sales were 1 , up from 0 in June of 2015 and higher than the 0 sales last month . June 2016 sales were at their highest level compared to June of 2015 and 2014 . June YTD sales of 1 are running equal to last year ' s year-to-date sales of 1 .
3
2
2
Number of Properties Sold
3 Mo Avg
1
1
Prices The Median Sales Price in June was $ 1,065,000 , up from $ 0 in June of 2015 and up from $ 0 last month . The Average Sales Price in June was $ 1,065,000 , up from $ 0 in June of 2015 and up from $ 0 last month . June 2016 ASP was at the highest level compared to June of 2015 and 2014 .
0
-1
4,000 3,500 3,000
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
O N D
J
F M A M
13
14
15
16
Median Sales Price and Average Sales Price
J
3 Mo Avg
0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 2 1 0 0 0 0 0 0 1
3 Mo Avg
2,500 2,000 1,500 1,000
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 O N D
J
F M A M J
13
14
15
16
Inventory & MSI The Total Inventory of Properties available for sale as of June was 6 , equal to 6 last month and down 33.3 % from 9 in June of last year . June 2016 Inventory was at its lowest level compared with June of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The June 2016 MSI of 6.0 months was at its highest level compared with June of 2015 and 2014 .
16 14 12 10 8 6 4 2 0
7 9 10 10
7 9
13 13
10 10
Total Inventory & Month ' s Supply of Inventory ( MSI )
16 14
14.0
12 12.0
10 10.0
8 8.0
6 6.0
4 4.0
2 2.0
0
0.0 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 O N D J F M A M J
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 13
14 15
16 13
14 15
16
13 12
13 10
12
12 12 10
12 14
12 14 14 13
14 10
13
9 10
11 9
10
11 10 9 9
9 9 9 9
7 9
8 9 9
7 9 8
9
9
7 7
7 7 7 7 7 7
7
8 7
8 7
8 7
8 8
6 6
8
6
6
14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
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