CAR ARCHIVED March 2017 | Page 10

Market Action Report
March 2017
County: Mecklenburg
MECKLENBURG
Market Action Report
Agent Name
March 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
$1,785,544 Trending
2%
-1%
Market Profile & Trends Overview
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
March List
Median
$1,350,000
1%
1%
Median
Price Sales
of all Price
Current Listings
$1,495,000
-0% 8% 3%
-0% -11% 5% $1,307,750
March
Average
Sales
Price
$1,496,953
15%
1%
0%
3%
$1,490,168
6%
2%
Average List Price of all Current Listings
$1,785,544 2%
-1%
Total
Properties
Currently
for
Sale
(Inventory)
285
11%
18%
March Median Sales Price
$1,350,000 8% 3% -11% 5% $1,307,750
1%
1%
March Average
Number
of Properties
Sold
39 225%
70
March
Sales
Price
$1,496,953 15%
1% 0% 70%
3% $1,490,168
6% 37% 2%
March
Average Currently
Days on Market
76 -33% -30%
88
14%
-1%
Total
Properties
for Sale (Solds)
(Inventory)
285 11%
18% 23% -15%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$321
6%
3%
7%
0%
$313
-1%
-2%
March Number of Properties Sold
39 225%
70%
70
37%
March
Days per
on Square
Market Foot
(Solds)
76
-33% 15%
-30% 1%
23% 5%
-15% 8%
88 $310
14% 10% -1%
March Average
Sold Price
$318
5%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$321
6%
3%
7%
0%
$313
-1%
-2%
March Month's Supply of Inventory
7.3 -66% -45% -31% -33%
13.3 -11%
22%
March
Foot Ratio
$318 93.4%
15% -1.2%
1% .2%
5% -1.3%
8% .1% $310 93.3%
10% -1% 5%
March Sold
Sale Price
Price per
vs Square
List Price
0%
* LM=Last Month's
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 7.3 -66% -45% -31% -33%
March
Supply
of Inventory
13.3 -11%
22%
March Sale Price vs List Price Ratio
93.4% -1.2% .2% -1.3% Number
.1%
-1% Sold 0%
of 93.3%
Properties
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
45
Number of Properties Sold
March Property sales were 39, up 69.6% from 23 in March of
40
2016 and 225.0%
Property
Sales higher than the 12 sales last month. March 45
2017 sales
were sales
at their
level compared
March
March
Property
were highest
39, up 69.6%
from 23 in to
March
of of 2016 35
and and
2015.
March
YTD than
sales the
of 70
are running
37.3%
ahead of 40
2016
225.0%
higher
12 sales
last month.
March
30
last sales
year's were
year-to-date
sales of
51. compared to March of 2016 35
2017
at their highest
level
25
and 2015. March YTD sales of 70 are running 37.3% ahead of
Prices
The Median Sales Price in March was $1,350,000, down 11.5%
Prices
1,800
from $1,525,000 in March of 2016 and up 8.3% from
The Median Sales Price in March was $1,350,000, down 11.5%
1,800 1,700
$1,247,000
last
month.
The
Average
Sales
Price
in
March
was
from $1,525,000 in March of 2016 and up 8.3% from
$1,496,953,
up month.
0.2% from
$1,494,239
March
of 2016 was
and up
$1,247,000
last
The Average
Sales in Pric e
in March
1,700 1,600
15.3% from up
$1,298,583
month. in
March
ASP and
was up
at a
$1,496,953,
0.2% from last
$1,494,239
March 2017
of 2016
1,600 1,500
mid
range
compared
to
March
of
2016
and
2015.
15.3% from $1,298,583 last month. March 2017 ASP was at a
24
17
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,500 1,400
1,400
1,300
1,300
1,200
1,200
1,100
1,100
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 M 14 J J A S O N D J F M
A M J J A S O N D J F M 17
15 A M J J A S O N D J F M 16
14
15
16
17
200
25.0
200
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 March
The Total Inventory
The
Properties
for sale
as of March
was Total
285, Inventory
up 11.3% of
from
256 last available
month and
up 17.8%
from 242 350 350
was 285, up 11.3% from 256 last month and up 17.8% from 242
in March of last year. March 2017 Inventory was at its highest
300
in March of last year. March 2017 Inventory was at its highest
300
level compared with March of 2016 and 2015.
250
level compared with March of 2016 and 2015.
250
mid range compared to March of 2016 and 2015.
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
14
15
16
17
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
Median Sales Price and 16 Average Sales Price
14
15
17
0
0
5 5
10
10
15
15
20
3 Mo Avg
20
25
30
last year's year-to-date sales of 51.
Property Sales
150 150
comparatively
lower
MSI
is more
beneficial
for sellers
while
100
A A comparatively
lower
MSI
is more
beneficial
for sellers
while
a a
higher MSI
MSI
better
buyers.
March
2017
of 7.3 100
higher
is is
better
for for
buyers.
The The
March
2017
MSI MSI
of 7.3
50
50
months
was
at
its
lowest
level
compared
with
March
of
2016
and
months was at its lowest level compared with March of 2016 and
0
2015.
0
2015.
S D
O N
M J A J M A J S J O A N S D O J N F D M J A M
F M J A J M
A M A J M J J A J S A
O N
J F D M J A F M
A S J O J N A D S J O F N M D
15
16
14 14
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
10
| © 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.
20.0
15.0
25.0
20.0
15.0
10.0 10.0
5.0 5.0
0.0
J F M
17
0.0