CAR ARCHIVED May 2016 | Page 8
County: Cabarrus
Agent Name
Title
Phone
Agent Name
Website
TitleOther
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$275,000
10%
26%
May 2016
Community Information | School District
Price Range: All | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: AllList
| Properties:
SFH
Median
Price
of- Con
all Current Listings
Trending versus*:
Prior YTD Prior Year
YTD
versus*:
Trending versus*:
$325,465 Trending
6%
26%
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$197,000 8% 5% 0% 6%
$185,990
4%
0%
$275,000 10%
26%
$214,211 10% 4% 2% 4%
$206,078
3%
0%
$325,465 6%
26%
733
-4%
-24%
$197,000 8% 5% 0% 6%
$185,990
4%
0%
$214,211 327
10% 27%
4% 2% 21%
4%
$206,078 1,223
3% 12% 0%
May Properties
Average Days
on Market
(Solds)
57 0% -14%
68
-9%
5%
Total
Currently
for Sale
(Inventory)
733 -4%
-24% -27% -12%
Asking
Priceofper
Square Foot
$109
6%
May
Number
Properties
Sold (based on New Listings)
327
27% 6% 6%
21% 14% 14% 1,223 $102
12% 7%
MayAverage
Sold Price
2%
May
Daysper
onSquare
MarketFoot
(Solds)
57$96
0% 7%
-14% 3%
-27% 5%
-12% 6%
68 $93
-9% 4% 5%
May Month's
Inventory
3.1
Asking
Price perSupply
SquareofFoot
(based on New Listings)
$109 2.2
6% -24%
6% -13%
14% -37%
14% -40% $102
7% -29% 6% -16%
MaySold
SalePrice
Priceper
vs Square
List Price
Ratio
1%
May
Foot
$9696.9%
7% .0%
3% .7%
5% 1.8%
6% 2.0%
$93 96.0%
4% 2% 2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
May
Month's Supply of Inventory
2.2 -24% -13% -37% -40%
3.1 -29%
-16%
May Sale Price vs List Price Ratio
96.9% .0% .7% 1.8% Number
2.0%
2%Sold 1%
of 96.0%
Properties
Average List Price of all Current Listings
Market Profile & Trends Overview
May Median Sales Price
Median List Price of all Current Listings
May Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
May Median Sales Price
MayAverage
Number
of Properties
Sold
May
Sales
Price
Month
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
250
200
150
184
172
274
205
257
285
272
365
343
271
249
225
168
179
249
194
267
236
325
294
276
241
183
171
168
232
204
213
195
327
257
283
184
172
274
205
257
285
272
365
343
271
249
225
168
179
249
194
267
236
325
294
276
241
195
183
171
168
.
Copyright
© Coldwell Banker
| Price
Range:
| Property Types:
Copyright
© Coldwell
All |AllProperty
-SFH
Con- Con
c o lBanker
d w |ePrice
l lRange:
ban
k e r hTypes:
o mSFH
es
com
Data
provided
courtesy
of Charlotte
Regional
REALTOR
Association,
Inc.may
andnot
may
not reflect
all relevant
realactivity.
estate activity.
Data
is is
provided
courtesy
of Charlotte
Regional
REALTOR
Association,
Triad Triad
MLS, MLS,
Inc. and
reflect
all relevant
real estate
Coldwell Coldwell
Banker Banker
does
warrant
or guarantee
accuracy
of this
information.
It isresponsibility
the responsibility
any or
buyer
ortoseller
verify
and all information
to such consumer’s
estate transaction.
does
notnot
warrant
or guarantee
the the
accuracy
of this
information.
It is the
of anyofbuyer
seller
verifytoany
andany
all information
relevant relevant
to such consumer’s
real estatereal
transaction.
719
763
733
903
968
925956
963959
958968
980
925
938963
870 958
747
980
732
938
684 870
719747
763
732
733
684
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
S O
M JA JMAJ S J OAN SD OJ NF DM JA FM MJ AJ M
A DS JO FN MD AJ MF M A M
J JA JS A
O N
D N
J FD MJ AF M
A SJ OJ N
13
14
15
16
14
15
16
1,215
1,260
1,259
1,222
800
600
600
A comparatively lower MSI is more beneficial for sellers while a
400
A comparatively lower MSI is more beneficial for sellers while a
400
higher MSI is better for buyers. The May 2016 MSI of 2.2
higher MSI is better for buyers. The May 2016 MSI of 2.2
months was at its lowest level compared with May of 2015 and 200 200
months was at its lowest level compared with May of 2015 and
0
2014.
0
2014.
J
13
8 |
3 Mo Avg
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
1,153
1,215
1,153
1,259
800
Median Sales Price and Average Sales Price
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 M
16 M
J J 13A S O N D J F 14
M A M J J A S O N D J F M15A M J J A S O N D J F M A
13
14
15
16
Inventory & MSI
Inventory
& MSI of Properties available for sale as of May
The Total Inventory
The
of from
Properties
available
sale
as of24.3%
May from 1,400
wasTotal
733,Inventory
down 3.9%
763 last
monthfor
and
down
1,400
was
downof3.9%
from 763
last
month
and down
968733,
in May
last year.
May
2016
Inventory
was24.3%
at its from
lowest
1,200
968
in compared
May of lastwith
year.May
Mayof2016
was at its lowest
1,200
level
2015Inventory
and 2014.
1,000
1,000
232
204
250
240
230
220
210
200
190
180
170
160
150
1,1751,260
1,1151,222
1,1011,175
1,132
1,115
1,176
1,101
1,193
1,132
1,222
1,176
1,192
1,193
1,160
1,222
1,121
1,192
1,084
1,160
1,019
1,121
996
1,084
906
1,019
917
903 996
906
956
917
959
Prices
213
242
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 M
13
14
15
16
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 M
Median Sales Price 15
and Average Sales Price16
13
14
3 Mo Avg
0
level compared with May of 2015 and 2014.
192
0
50
220
50
260
100
100
The Median Sales Price in May was $197,000, up 0.1% from
Prices
$196,900 in May of 2015 and up 7.9% from $182,500 last
The
Median
Sales
Price Sales
in May
was in
$197,000,
0.1% from
month.
The
Average
Price
May wasup$214,211,
up 1.8%250
$196,900 in May of 2015 and up 7.9% from $182,500 last
from $210,423 in May of 2015 and up 10.2% from $194,419 last
240
month. The Average Sales Price in May was $214,211, up 1.8%
month. May 2016 ASP was at the highest level compared to May
from $210,423 in May of 2015 and up 10.2% from $194,419 last 230
of 2015 and 2014.
month. May 2016 ASP was at the highest level compared to May 220
210
of 2015 and 2014.
200
190
180
170
160
150
3 Mo Avg
300
242
150
Number of Properties Sold
350
192
200
400
220
May Property sales were 327, up 20.7% from 271 in May of 2015
and 27.2% higher than the 257 sales last month. May 2016 sales
Property Sales
were at their highest level compared to May of 2015 and 2014. 400
May Property sales were 327, up 20.7% from 271 in May of 2015
May YTD sales of 1,223 are running 12.0% ahead of last year's
and 27.2% higher than the 257 sales last month. May 2016 sales 350
year-to-date
sales of
1,092.
were
at their highest
level
compared to May of 2015 and 2014.
300
May YTD sales of 1,223 are running 12.0% ahead of last year's
year-to-date sales of 1,092.
250
260
Property Sales
327
Market Action Report
Cabarrus
257
County: Cabarrus
May 2016
283
Market Action Report
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0