CAR ARCHIVED March 2017 | Page 12

Market Action Report March 2017
Community Information | School District
Market Action Report March 2017

County : Davidson

Price Range : All | 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
$ 205,000
5 %
14 %
Average List Price of all Current Listings
$ 257,758
3 %
13 %
March Median Sales Price
$ 154,750
0 %
5 %
17 %
7 %
$ 150,990
12 %
4 %
March Average Sales Price
$ 189,942
14 %
7 %
16 %
10 %
$ 181,031
8 %
4 %
Total Properties Currently for Sale ( Inventory )
706
11 %
-7%
March Number of Properties Sold
152
49 %
18 %
351
19 %
March Average Days on Market ( Solds )
100
-6%
5 %
-23%
4 %
105
-15%
9 %
Asking Price per Square Foot ( based on New Listings )
$ 110
15 %
10 %
12 %
12 %
$ 103
8 %
5 %
March Sold Price per Square Foot
$ 90
-3%
0 %
10 %
2 %
$ 90
11 %
2 %
March Month ' s Supply of Inventory
4.6 -26% -18% -21% -21%
5.6
-30%
-4%
March Sale Price vs List Price Ratio
94.3 %
2.4 %
. 5 %
2.4 % 1.6 %
93.6 %
2 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Davidson

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
200
March Property sales were 152 , up 17.8 % from 129 in March of
180
2016 and 49.0 % higher than the 102 sales last month . March
Property
2017 sales Sales were at their highest level compared to March of 2016
200
160
March and 2015 Property
. March sales
YTD were sales
152 , of up 351 17.8 are % from running
129 18.6 in March
% ahead of of
180
140
2016 and 49.0 % higher than the 102 sales last month . March last year ' s year-to-date sales of 296 .
2017 sales were at their highest level compared to March of 2016
160
120
Number of Properties Sold
3 Mo Avg
and 2015 . March YTD sales of 351 are running 18.6 % ahead of
140
100
last year ' s year-to-date sales of 296 .
120
80
100
60
80
40
60
20
40
0
20
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 $ 154,750 , up 16.8 % from
Prices
200
$ 132,500 in March of 2016 and up 0.5 % from $ 154,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 154,750 was , up $ 16.8 189,942 % from , up
200
$
16.3 132,500 % from in March $ 163,363 of 2016 in March and up of 0.5 2016 % from and $ up 154,000 14.0 % last from month . The Average Sales Price in March $ 189,942 , up
190
$ 166,665 last month . March 2017 ASP was at the highest level
16.3 % from $ 163,363 in March of 2016 and up 14.0 % from
180 compared to March of 2016 and 2015 .
$ 166,665 last month . March 2017 ASP was at the highest level
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 Average Sales Price
15
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
compared to March of 2016 and 2015 .
170 160 150 140 130 120 110 100
97 122 118 108 112 104 111 100 108 76 67 126 109 123 134 152 137 128 106 74 115 70 97 129 124 148 176 154 149 145 127 119 141 97 102 152
190 180 170 160 150 140 130 120 110 100
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
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
The was Total 706 , Inventory up 11.0 % of from Properties 636 last available month and for sale down as of 7.1 % March from 760
1,400 was in March 706 , up of 11.0 last % year from . 636 March last 2017 month Inventory and down was 7.1 % at from its lowest 760
1,4001,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
16.0
in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was . at its lowest
1,2001,000 level compared with March of 2016 and 2015 .
1,000
800
800
600
A comparatively lower MSI is more beneficial for sellers while a
600
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial March for 2017 sellers MSI while of 4.6 a
400 higher months MSI was is better at its lowest for buyers level . The compared March with 2017 March MSI of of 4.62016 and
200 months was at its lowest level compared with March of 2016 and
200
2015 .
0
2015 .
0
A
M J
M J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
J A S O N D J
F M
F M
17
1,137 1,154 1,179 1,194 1,190 1,141 1,113 1,062 960 943 898
A
14
97 122 118 108 112 104 111 100
J A S O N D J
15
108 76 67
Number of Properties Sold
126 109 123 134 152 137 128 106
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
1,137 1,154 1,179 1,194 1,190 1,141 1,113 1,062 960 943 898 922 963 999 987 973 968 947 892 833
922 963 999 987 973 968 947 892 833 791 762 719
J A S O N D J
16
74 115 70 97 129 124 148 176 154 149
760 767 780 759 755 761 733 707 672 603 586 636 706
J A S O N D J 17
145
791 762 719 760 767 780 759 755 761 733 707 672 127 119 141 97
603 586 636 706
3 Mo Avg
102 152
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
12 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Charlotte Regional REALTOR Association , Triad MLS , Inc . 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 .