CAR ARCHIVED March 2017 | Page 39

Lancaster Market Action Report Community Information | School District March 2017 Agent Name

Lancaster Market Action Report Community Information | School District March 2017 Agent Name

County : Lancaster

Market Profile & Trends Overview
Median List Price of all Current Listings
Title
Trending versus *:
Phone
Month
LM
L3M
PYM
LY
$ 153,450
Website
11 %
3 %
YTD
Trending versus *:
Prior YTD
Prior Year
Price
Average Range : All List | Properties Price : SFH of - Con all Current Listings
$ 205,674
Other
7 %
-1%
March Median Sales Price
$ 130,457
-10%
Trending -7% versus
5 % *:
0 %
$ 134,000
Trending
4 % versus
2 %*:
Market
March Average
Profile Sales & Trends
Price Overview
$ 161,913
Month
LM
0 % L3M -4%
PYM
3 % 2 LY%
Median List Price of all Current Listings
$ 153,450
Total Properties Currently for Sale ( Inventory )
106
11
-5 %
43
3 %
Average List Price of all Current Listings
$ 205,674
March Number of Properties Sold
34
36 7 %
-11 -1%
March Median Sales Price
$ 130,457
March Average Days on Market ( Solds )
88
-10
31 % -7
4 %
-34
5 % % -16
0 % %
March Average Sales Price
$ 161,913
Asking Price per Square Foot ( based on New Listings )
$ 94
0
-2 %
-4
0 %
-4 3 %
-41
2 % %
Total Properties Currently for Sale ( Inventory )
March Sold Price per Square Foot
$
106 80
-5
-3 % -6%
43
8 %
0 %
March Number of Properties Sold
March Month ' s Supply of Inventory
3.1
34
36
-30 % -39%
-11
60 % -92%
March
March Average Sale Price
Days vs on List Market Price Ratio
( Solds )
92.3
88 %
-5.7
31 % -2.1
4 % %
-34 4.9
% -16 1.2 %
Asking
* LM = Last Price Month / L3M per = Last Square 3 Months Foot / PYM = Same ( based Month on Prior New Year / LY Listings = Last Year () 2016 ) / YTD = Year-to-date $ 94 -2% 0 % -4% -41%
$ 161,759
YTD
73
$ 134,000
89
$ 161,759
$ 95
$ 81
5.1
73
95.1
89 %
$ 95
Prior
5 % YTD
-8%
-21 4 %
7
5 %
7 %
27
-8%
-21
6 %
7 %
Prior
2 % Year
-15
2 %
-40
2 %
1 % -87%
-15
4 %
% -40%
March Sold Price per Square Foot
$ 80
-3%
-6%
8 %
0 %
$ 81
7 %
1 %
March Month ' s Supply of Inventory
3.1 -30% -39% 60 %
-92%
5.1
27 %
-87%
March Sale Price vs List Price Ratio
92.3 % -5.7% -2.1% 4.9 % 1.2 %
95.1 %
6 %
4 %
* 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 34 , down 10.5 % from 38 in March of 2016 and 36.0 % higher than the 25 sales last month . March 2017 sales were at a mid level compared to March of 2016 and 2015 . March YTD sales of 73 are running 7.6 % behind last year ' s year-to-date sales of 79 .
50
40
30
Number of Properties Sold
3 Mo Avg
3 Mo Avg
20
10
Prices The Median Sales Price in March was $ 130,457 , up 4.6 % from $ 124,750 in March of 2016 and down 9.7 % from $ 144,500 last month . The Average Sales Price in March was $ 161,913 , up 3.0 % from $ 157,234 in March of 2016 and up 0.1 % from $ 161,743 last month . March 2017 ASP was at a mid range compared to March of 2016 and 2015 .
0
-10
250
200
150
30 36 39 44 34 38 30 25 24 31 20 33 41 34 46 32 37 39
Median Sales Price and Average Sales Price
31 26 24 15 26 38 0 1 0 2 2 0 1 4 34
3 Mo Avg
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
14 25 34
3 Mo Avg
100
50
Inventory & MSI The Total Inventory of Properties available for sale as of March was 106 , down 5.4 % from 112 last month and up 43.2 % from 74 in March of last year . March 2017 Inventory was at a mid level compared with March of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The March 2017 MSI of 3.1 months was at a mid level compared with March of 2016 and 2015 .
0 300
250 200
150 300 100 250
50 200
0 150
100 50 0
A
M J
J
A S O N D
J
14
15
276 271 277 260 266 270 279 255 243 255 245 231 238 220 215 205 199
A M J 14
Total Inventory & Month ' s Supply of Inventory ( MSI )
276 271 277 260 266 270 279 255 243 255 245 231 238 220 215 205 199
A M J 14
J A S O N D J 15
J A S O N D J F M A M J 15
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
16
17
164 155 142
122 104 82 74 74 79 93 102 107 115 116 122 116 108 112 106
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
16
17
164 155 142
122 104
J A S O N D J F M A M J
16
82 74 74 79 93 102 107 115 116 122 116 108 112 106
J A S O N D J F M 17
140.0
F M 120.0
100.0 80.0
60.0 140.0
40.0 120.0
20.0 100.0 80.0
60.0 40.0 20.0
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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