CAR ARCHIVED March 2017 | Page 12

Market Action Report
March 2017
County: Union
UNION
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: Union Information | School District
Community
-3%
1%
Trending versus*:
Trending versus*:
Average List Price of all Current Listings
$1,462,182
-5%
-3%
Market Profile & Trends Overview
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
March List
Median
$1,044,546
-5%
-5%
Median
Price Sales
of all Price
Current Listings
$1,359,500
-3% -12% -9%
1% -5% -12% $1,137,185
March
Average
Sales
Price
$1,174,545
-2%
-3%
7%
-12%
$1,221,471
-6%
-9%
Average List Price of all Current Listings
$1,462,182 -5%
-3%
Total
Properties
Currently
for
Sale
(Inventory)
60
13%
9%
March Median Sales Price
$1,044,546 -12% -9% -5% -12% $1,137,185
-5%
-5%
March Average
Number
of Properties
Sold
6 0%
18
March
Sales
Price
$1,174,545 -2%
-3% 7% 50%
-12% $1,221,471
-6% 157% -9%
March
Average Currently
Days on Market
109
-4%
18%
Total
Properties
for Sale (Solds)
(Inventory)
60 106
13% 1% 10%
9% -18% 15%
Asking
Price per
Square Foot
(based on New Listings)
$204
4%
March
Number
of Properties
Sold
6 0% -11% -11%
50% 0% -9%
18 $235
157% 14%
March
Days per
on Square
Market Foot
(Solds)
106
1% 10%
10% 10%
-18% 22%
15% 6%
109 $201
-4% 1% 18% 0%
March Average
Sold Price
$213
Asking
per Square
(based on New Listings)
$204 10.0
-11% 13%
-11% 11%
0% -27%
-9% -26% $235
14% -41% 4% -33%
March Price
Month's
Supply Foot
of Inventory
9.0
March
Sold
Price
per
Square
Foot
$213
10%
10%
22%
6%
$201
1% -8% 0%
March Sale Price vs List Price Ratio
95.5% 2.2% 3.0% -12.1% .8%
92.7%
-2%
* LM=Last Month's
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 10.0 13% 11% -27% -26%
March
Supply
of Inventory
9.0 -41%
-33%
March Sale Price vs List Price Ratio
95.5% 2.2% 3.0% -12.1% Number
.8%
-8% Sold -2%
of 92.7%
Properties
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
4
3 Mo Avg
3
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
14
15
17
Median Sales Price and 16 Average Sales Price
Prices
The Median Sales Price in March was $1,044,546, down 5.0%
Prices
from
$1,100,000
in March
of 2016
and down 11.7%
2,200
The
Median
Sales Price
in March
was $1,044,546,
down from
5.0%
$1,182,500
last in
month.
Average
Sales 11.7%
Price from
in March was
from
$1,100,000
March The
of 2016
and down
2,200
$1,174,545,
up month.
6.8% from
$1,100,000
March
of 2016 was
and
2,000
$1,182,500
last
The Average
Sales in Price
in March
down 2.4% up from
last month.
March
2017
ASP was 2,000
$1,174,545,
6.8% $1,203,308
from $1,100,000
in March
of 2016
and
1,800
at the highest level compared to March of 2016 and 2015.
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,800
1,600
1,600
1,400
1,400
1,200
1,200
1,000
1,000
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
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
12
| © Coldwell
coldwellbankerluxury.com
60.0
60.0
50.0
40.0
50.0
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.
80
70
60
50
40
30
20
10
0
S O
M J A J M 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 D S J O F N M D
A M A J M J J A J S A
O N
D N
J F D M J A F M
A S J O J N
15
16
14 14
15
16
17
Inventory & MSI
Inventory
& MSI of Properties available for sale as of March
The Total Inventory
The Total Inventory of Properties available for sale as of March
was 60, up 13.2% from 53 last month and up 9.1% from 55 in 80
was 60, up 13.2% from 53 last month and up 9.1% from 55 in
March of last year. March 2017 Inventory was at its highest 70
March of last year. March 2017 Inventory was at its highest
level compared with March of 2016 and 2015.
level compared with March of 2016 and 2015.
60
50
40
30
A
comparatively
lower
MSI
is
more
beneficial
for
sellers
while
a
A comparatively lower MSI is more beneficial for sellers while a
higher MSI
MSI
better
buyers.
March
2017
of 10.0 20
higher
is is
be tter
for for
buyers.
The The
March
2017
MSI MSI
of 10.0
10
months was
was
lowest
level
compared
with
March
of 2016
months
at at
its its
lowest
level
compared
with
March
of 2016
and and
2015.
0
2015.
down 2.4% from $1,203,308 last month. March 2017 ASP was
at the highest level compared to March of 2016 and 2015.
0
0
2 2
4 4
6
Number of Properties Sold
14
March Property sales were 6, up 50.0% from 4 in March of 2016
and the same
as the 6 sales last month. March 2017 sales were
Property
Sales
14 12
at their
highest sales
level were
compared
to March
and of
2015.
March
Property
6, up 50.0%
from of
4 2016
in March
2016
March
YTD sales
are last
running
last were
year's 12 10
and
the same
as the of 6 18
sales
month. 157.1%
March ahead
2017 of
sales
7.
at year-to-date
their highest sales
level of
compared
to March of 2016 and 2015.
10 8
March YTD sales of 18 are running 157.1% ahead of last year's
year-to-date sales of 7.
8 6
Property Sales
$1,359,500
Trending versus*:
Prior YTD Prior Year
YTD
Market Profile & Trends Overview
Price Range: $1,000,000 and Up | Properties: SFH - Con
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
40.0
30.0 30.0
20.0 20.0
10.0 10.0
0.0
J F M
17
0.0