CAR ARCHIVED March 2017 | Page 6

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

County : Alexander

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
$ 249,900
15 %
-3%
Average List Price of all Current Listings
$ 316,664
10 %
12 %
March Median Sales Price
$ 105,000
-51% -24% -9%
-34%
$ 140,000
0 %
-11%
March Average Sales Price
$ 177,582
-6%
6 %
25 %
-13%
$ 172,257
6 %
-15%
Total Properties Currently for Sale ( Inventory )
55
-2%
-11%
March Number of Properties Sold
11
57 %
10 %
27
50 %
March Average Days on Market ( Solds )
132
91 %
39 %
3 %
23 %
109
-18%
2 %
Asking Price per Square Foot ( based on New Listings )
$ 105
-15% -5%
-7%
-2%
$ 112
-6%
5 %
March Sold Price per Square Foot
$ 90
7 %
-1%
23 %
-7%
$ 91
18 %
-6%
March Month ' s Supply of Inventory
5.0 -38% -20% -19% -43%
6.3
-48%
-29%
March Sale Price vs List Price Ratio
82.0 % -11.0% -9.5% -10.2% -12.8%
88.0 %
-5%
-6%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Alexander

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
18
March Property sales were 11 , up 10.0 % from 10 in March of
2016 and 57.1 % higher than the 7 sales last month . March 2017
Property sales were Sales at their highest level compared to March of 2016 and
18
March
2015 .
Property March YTD sales sales were of 11 27 , up are 10.0 running
% from
50.0
10 in % March ahead of of last
2016 and 57.1 % higher than the 7 sales last month . March 2017
16 year ' s year-to-date sales of 18 . sales were at their highest level compared to March of 2016 and
14
2015 . March YTD sales of 27 are running 50.0 % ahead of last
12 year ' s year-to-date sales of 18 .
16
14
12
10
8
Number of Properties Sold
3 Mo Avg
10
6
8
4
6
2
4
0
2
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 $ 105,000 , down 9.5 %
Prices
350 from $ 116,000 in March of 2016 and down 51.2 % from
The
$ 215,000 Median last Sales month Price . in The March Average was $ Sales 105,000 Price , down in March 9.5 % was
350
300 from
$ 177,582 $ 116,000 , up 25.4 in March % from of 2016 $ 141,590 and down in March 51.2 % of from 2016 and down
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
$
6.3 215,000 % from last $ 189,500 month . The last Average month . Sales March Price 2017 in ASP March was was at the
300
250
$ highest 177,582 , level up 25.4 compared % from $ to 141,590 March in of March 2016 and of 2016 2015 and . down
6.3 % from $ 189,500 last month . March 2017 ASP was at the
250
200 highest level compared to March of 2016 and 2015 .
200
150
150 100 100 50
50
6 5 13 10 1 7
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 55 , down Inventory 1.8 % of from Properties 56 last available month and for down sale as 11.3 of March % from 62
120 was in March 55 , down of 1.8 last % year from . March 56 last month 2017 Inventory and down was 11.3 at % from its lowest 62
120
100
Total Inventory & Month ' s Supply of Inventory ( MSI )
120.0
in level March compared of last year with . March 2017 of 2016 Inventory and 2015 was . at its lowest level compared with March of 2016 and 2015 .
100
80
100.0
80
60
80.0
60
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial March for 2017 sellers MSI while of 5.0 a
40 higher months MSI was is better at its lowest for buyers level . The compared March with 2017 March MSI of of 5.02016 and
20 months
2015 . was at its lowest level compared with March of 2016 and
2015 .
0
40
20
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
60.0
40.0
20.0
0.0
J A S O N D J
F M
F M
17
98 95 94 93 102 97
A
14
6 5 13 10 1 7
85
89 12 12
74 74
J A S O N D J 15
6
12 12 6 5 8
5
82 80 80
8 70
10
Number of Properties Sold
11 10
77 79 79 74
10 11 10 17 3
17 3 13
66 71
12 5
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
98 95 94 93 102 97
85
89
74
74 82 80 80
70 77 79 79 74 66 71
54 55 58
J A S O N D J
16
4 6
13 12 5 4 6 3 5 10 3 5
58 62
10 6 10
62 54
55 66 68 69 69 66 67 63 66 65
6 10 14 6
14 6 12
J A S O N D J
17
12 13 7 7
13 10
7
66 68 69 69 66 67 63 66 65
52 56 55
7
9 7
10 11
9
52 56 55
3 Mo Avg
7 11
120.0 100.0 80.0
60.0 40.0 20.0 0.0
6 | 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 .