CAR ARCHIVED March 2017 | Page 17

Market Action Report March 2017
Market Action Report March 2017

CHARLESTON

County : Charleston

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
$ 1,695,000
-0%
6 %
Average List Price of all Current Listings
$ 2,132,213
-1%
8 %
March Median Sales Price
$ 1,620,000
11 %
10 %
-1%
10 %
$ 1,525,000
2 %
4 %
March Average Sales Price
$ 1,815,179
9 %
2 %
-0%
3 %
$ 1,765,069
-4%
0 %
Total Properties Currently for Sale ( Inventory )
472
10 %
9 %
March Number of Properties Sold
42
75 %
100 %
93
41 %
March Average Days on Market ( Solds )
159 -19%
5 %
-11%
18 %
159
-8%
18 %
Asking Price per Square Foot ( based on New Listings )
$ 513
6 %
1 %
1 %
-1%
$ 505
0 %
-3%
March Sold Price per Square Foot
$ 478
1 %
1 %
-9%
2 %
$ 469
1 %
0 %
March Month ' s Supply of Inventory
11.2 -37% -23% -45% -25%
14.6
-25%
-3%
March Sale Price vs List Price Ratio
91.2 %
1.1 % 1.2 % 8.1 %
. 5 %
89.8 %
1 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales March Property sales were 42 , up 100.0 % from 21 in March of 2016 and 75.0 % higher than the 24 sales last month . March Property Sales 2017 sales were at their highest level compared to March of 2016 60 March Property sales were 42 , up 100.0 % from 21 in March of and 2015 . March YTD sales of 93 are running 40.9 % ahead of 2016 and 75.0 % higher than the 24 sales last month . March last year ' s year-to-date sales of 66 .
50
2017 sales were at their highest level compared to March of 2016 and 2015 . March YTD sales of 93 are running 40.9 % ahead of
40 last year ' s year-to-date sales of 66 .
30
60
50
40
30
20
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
20 10
392
25 31 36 30 23 16
10
0
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
0
14
15
16
17
A
M J
Prices
14
The Median Sales Price in March was $ 1,620,000 , down 1.2 %
Prices
2,100 from $ 1,640,000 in March of 2016 and up 11.2 % from
The
$ 1,457,000 Median Sales last month Price in . March The Average was $ 1,620,000 Sales Price , down in March 1.2 % was
2,000
2,100 from
$ 1,815,179 $ 1,640,000 , down in 0.2 March % from of 2016 $ 1,819,068 and up 11.2 in March % from of 2016 and
1,900
$ 1,457,000 last month . The Average Sales Price in March was
2,000 up 9.1 % from $ 1,664,060 last month . March 2017 ASP was at a
1,800
$ 1,815,179 , down 0.2 % from $ 1,819,068 in March of 2016 and
1,900 mid range compared to March of 2016 and 2015 . up 9.1 % from $ 1,664,060 last month . March 2017 ASP was at a
1,800
1,700
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
15
Median Sales Price and 16Average Sales Price
17
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
mid range compared to March of 2016 and 2015 .
1,7001,600
1,6001,500
1,5001,400
1,4001,300
1,3001,200
1,200
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 M14J
J
A S O N D
J
F
M15 A M J
J
A S O N D
J
F
M16 A M J
J
A S O N D
J
F M
17
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of March
Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 472 , Inventory up 9.5 % from of Properties 431 last available month and for up sale 9.3 as % of from March 432 in
500 was
March 472 , of up last 9.5 % year from . March 431 last 2017 month Inventory and up was 9.3 % at from its highest 432 in
500
45.0
March level compared of last year with . March March 2017 of Inventory 2016 and was 2015 at . its highest
400
40.0
400 level compared with March of 2016 and 2015 .
35.0
300
30.0
300
25.0
200
20.0
A comparatively lower MSI is more beneficial for sellers while a
200
A comparatively lower MSI is more beneficial for sellers while a
15.0 higher MSI is better for buyers . The March 2017 MSI of 11.2
100 higher MSI is better for buyers . The March 2017 MSI of 11.2
100
10.0 months was at its lowest level compared with March of 2016 and months was at its lowest level compared with March of 2016 and
5.0
2015 .
0
2015 .
0
0.0
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 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
14
15
16
17
14
15
16
17
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
411
419 392
407 411
400 419
397 407
401 400
379 397
355 401
369 379
388 355
25 31 36 30 23 16 22 9 22 9 18 20
18 20 21 25 29 39 42 33 21 30 25 20 31 13 32 21 24 43 55 33 39 35 29 23 25 27 24 42
369
387
396 21 25 29 39 42 33 21 30 25 20 31 13
388 393
387 390
396 377
393 354
390 363
377
350 354
344
363 327 342
350 376
344
327 432
342 431
376 445 32 21 24 43 55 33 39 35 29
446 432
432 431
431 445
431 446
424 432
418 431
400 431
398 424 431
418 472 400
23 398
25 431
27
472 24 42
Copyright © Coldwell Banker Residential Brokerage | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
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Data is provided courtesy of Charleston Trident Association of REALTORS , Piedmont Regional Association of REALTORS and may not reflect all relevant real estate activity . Coldwell Banker Residential Brokerage does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .