CAR ARCHIVED March 2017 | Page 33

Market Action Report March 2017
Community Information
| School District

County : Charleston

Price Range : All | Properties : SFH - Con

Charleston

Agent Name
Market Action Report March 2017

Community Information

Phone

| School District

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
$ 550,000
2 %
5 %
Average List Price of all Current Listings
$ 851,937
3 %
13 %
March Median Sales Price
$ 348,500
3 %
2 %
9 %
3 %
$ 342,500
10 %
1 %
March Average Sales Price
$ 467,520
6 %
3 %
15 %
6 %
$ 459,202
11 %
4 %
Total Properties Currently for Sale ( Inventory )
2,160
4 %
-5%
March Number of Properties Sold
614
28 %
7 %
1,462
4 %
March Average Days on Market ( Solds )
73 -12% -6%
-1%
11 %
78
4 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 238
3 %
4 %
4 %
9 %
$ 231
5 %
6 %
March Sold Price per Square Foot
$ 203
2 %
1 %
10 %
4 %
$ 203
12 %
5 %
March Month ' s Supply of Inventory
3.5 -19% -21% -11% -15%
4.5
-8%
8 %
March Sale Price vs List Price Ratio
95.9 %
. 6 %
. 4 %
. 1 %
-. 1 %
95.4 %
0 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
900
March Property sales were 614 , up 7.2 % from 573 in March of
2016 and 28.2 % higher than the 479 sales last month . March
800
Property
2017 sales Sales were at their highest level compared to March of 2016
900
700
March and 2015 Property
. March sales
YTD were sales
614 , of up 1,462 7.2 % are from running 573 in March
4.2 % ahead of of
2016 and 28.2 % higher than the 479 sales last month . March
800
600 last year ' s year-to-date sales of 1,403 .
2017 sales were at their highest level compared to March of 2016
700
500 and 2015 . March YTD sales of 1,462 are running 4.2 % ahead of
600 last year ' s year-to-date sales of 1,403 .
400
Number of Properties Sold
3 Mo Avg
500
300
400
200
300
100
200
0
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
0
14
15
16
17
A
M J
Prices
14
The Median Sales Price in March was $ 348,500 , up 8.9 % from
Prices
500
$ 320,000 in March of 2016 and up 3.3 % from $ 337,500 last
The month Median . The Sales Average Price Sales in March Price was in $ March 348,500 was , up $ 467,520 8.9 % from , up
500
$
15.3 320,000 % from in March $ 405,592 of 2016 in March and up of 3.3 2016 % from and $ up 337,500 6.4 % from last
450
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
month
$ 439,273 . The last Average month Sales . March Price 2017 in March ASP was $ at 467,520 the highest , up level
15.3 % from $ 405,592 in March of 2016 and up 6.4 % from
450 compared to March of 2016 and 2015 .
400
$ 439,273 last month . March 2017 ASP was at the highest level
compared to March of 2016 and 2015 .
400
350
350 300
300 250
250
512 534 629 586 589 500 482 366 458 355 410 594 592 663 760 697 516 571 500 404 571 373 457 573 602 698 791 667 652 607 454 471 564 369 479 614
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 2,160 Inventory , up 4.3 % of from Properties 2,071 last available month for and sale down as of 5.0 March % from
3,000 was
2,274 2,160 in , March up 4.3 % of from last year 2,071 . March last month 2017 and Inventory down 5.0 was % from at its
3,000
2,500
2,274 lowest in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was at . its
2,500 lowest level compared with March of 2016 and 2015 .
2,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
2,000
1,500
5.0
1,500
A comparatively lower MSI is more beneficial for sellers while a
1,000
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial March for 2017 sellers MSI while of 3.5 a
1,000 higher MSI is better for buyers . The March 2017 MSI of 3.5
500 months was at its lowest level compared with March of 2016 and
500 months
2015 . was at its lowest level compared with March of 2016 and
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
4.0
3.0
2.0
1.0
0.0
J A S O N D J
F M
F M
17
2,665 2,683 2,677 2,697 2,643 2,583 2,564 2,515 2,351 2,411 2,372 2,447 2,411 2,435 2,494 2,546 2,485 2,534 2,428 2,347 2,181 2,158 2,227
A
14
512 534 629
Title
Website Other
586 589 500 482 366
J A S O N D J
15
458 355 410
Number of Properties Sold
594 592 663 760 697 516 571 500
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
2,665 2,683 2,677 2,697 2,643 2,583 2,564 2,515
2,351
J A S O N D J 16
404
2,411 2,372 2,447 2,411 2,435 2,494 2,546 2,485 2,534 2,428 2,347
2,181
571 373 457
2,158 2,227 2,274 573 602 698 791 667 652 607
2,274 2,311 2,354 2,400 2,392 2,403 2,440 2,363 2,253 2,052 2,046 2,071 2,160
J A S O N D J 17
454
2,311 2,354 2,400 2,392 2,403 2,440 2,363 2,253
471 564
2,052 2,046
3 Mo Avg
369 479
2,071 2,160
614
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con 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 .
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