CAR ARCHIVED March 2017 | Page 8

Market Action Report March 2017
Market Action Report March 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
$ 1,562,450
1 %
4 %
Average List Price of all Current Listings
$ 1,957,737
8 %
7 %
March Median Sales Price
$ 1,130,000
8 %
-7% -10% -12%
$ 1,130,000
-17%
-12%
March Average Sales Price
$ 1,386,000
27 %
-4%
12 %
-7%
$ 1,434,600
-20%
-3%
Total Properties Currently for Sale ( Inventory )
78
30 %
-3%
March Number of Properties Sold
9
200 %
125 %
15
50 %
March Average Days on Market ( Solds )
211
-0%
21 %
-7%
55 %
184
-17%
35 %
Asking Price per Square Foot ( based on New Listings )
$ 337
44 %
14 % -23%
8 %
$ 303
-15%
-3%
March Sold Price per Square Foot
$ 265
30 % -11% -34%
-5%
$ 298
-14%
6 %
March Month ' s Supply of Inventory
8.7 -57% -50% -57% -60%
17.3
-30%
-19%
March Sale Price vs List Price Ratio
91.8 %
2.1 % 1.0 % 4.1 %
-. 0 %
91.5 %
3 %
-0%
* 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 9 , up 125.0 % from 4 in March of Property 2016 and 200.0 Sales% higher than the 3 sales last month . March
14 March 2017 sales Property were sales at their were highest 9 , up 125.0 level % compared from 4 in March to March of of 2016
2016 and and 2015200.0 . March % higher YTD sales than the of 15 3 sales are running last month 50.0 . March % ahead of 12 2017 last sales year ' s were year-to-date at their highest sales of level 10 . compared to March of 2016 and 2015 . March YTD sales of 15 are running 50.0 % ahead of 10 last year ' s year-to-date sales of 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
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
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
Prices
14
15
Median Sales Price and 16Average Sales Price
17
3 Mo Avg
The Median Sales Price in March was $ 1,130,000 , down 10.0 %
Prices
Median Sales Price and Average Sales Price from $ 1,255,000 in March of 2016 and up 7.6 % from
The Median Sales Price in March was $ 1,130,000 , down 10.0 %
2,800
3 Mo Avg
$ 1,050,000 last month . The Average Sales Price in March was from $ 1,255,000 in March of 2016 and up 7.6 % from
2,8002,600
$
$ 1,050,000
1,386,000 last
, up month
11.6 % . from The Average
$ 1,241,625 Sales
in Price
March in March
of 2016 was
and up
2,6002,400
$
27.2 1,386,000 % from , up $ 1,090,000 11.6 % from last $ 1,241,625 month . in March March 2017 of 2016 ASP and was up at the
2,4002,200
27.2 highest % from level $ 1,090,000 compared last to March month . of March 20162017 and 2015 ASP . was at the
2,2002,000 highest level compared to March of 2016 and 2015 .
2,0001,800
1,8001,600
1,6001,400
1,4001,200
1,2001,000
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 M14J
J
A S O N D
J
F
M15 A M J
J
A S O N D
J
F M16A 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 78 , up
Inventory 30.0 % from of Properties 60 last month available and for down sale as
2.5 of % March from 80 120 was 78 , up 30.0 % from 60 last month and down 2.5 % from 80 120
70.0 in March of last year . March 2017 Inventory was at a mid level in March of last year . March 2017 Inventory was at a mid level
100 100
60.0 compared with March of 2016 and 2015 . compared with March 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 March March 2017 2017 MSI MSI of 8.7 of 8.7
20 20 months months was was at at its its lowest lowest level level compared compared with with March March of 2016 of 2016 and and
10.0
2015 2015 . .
0 0 0.0
A M AJ MJ JA JS AO NS DO NJ
FD MJ AF M JA JMA J S JOAN SD OJ
NF DM JA MF MJ AJ MA SJ
OJ NA DS JO FN MD J F M
14 14
15 15
16 16
17 17
80 6
86
80 89 5 86 87
4 89 83
4 87
7
88
87 83 4 88 78
6 87 66
0 78 58
2 66 59
1
73 75
58 3 59
5 6 6 9
76
73 74
75 72
76 74 74
70 72
7 66
74 2 70 70
3
65
4 2
66 73 70
70 65
6 91
80 73
2 4 4
6 5 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
98 98
95 91
70 80
6 98
6 98
90 90
12 95 83
6
90
78 76
7
90
70 3
83 78 60
3
76
78 2
70 4
6 7 3 3 2 4 3 3 9
60 3
78 3 9
70.0 60.0
50.0 40.0 30.0 20.0 10.0 0.0
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