CAR ARCHIVED May 2017 | Page 18

Market Action Report May 2017
Iredell Community Information | School District
Market Action Report May 2017

County : Iredell

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
$ 395,490
4 %
15 %
Average List Price of all Current Listings
$ 551,096
5 %
8 %
May Median Sales Price
$ 250,000
6 %
2 %
0 %
12 %
$ 245,000
17 %
9 %
May Average Sales Price
$ 315,306
4 %
4 %
2 %
8 %
$ 306,276
12 %
5 %
Total Properties Currently for Sale ( Inventory )
983
-0%
-12%
May Number of Properties Sold
238
14 %
-6%
1,035
3 %
May Average Days on Market ( Solds )
68 -13% -13% -29% -12%
77
-17%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 137
2 %
2 %
0 %
7 %
$ 132
-1%
3 %
May Sold Price per Square Foot
$ 120
5 %
3 %
4 %
6 %
$ 117
7 %
4 %
May Month ' s Supply of Inventory
4.1 -13% -0%
-7%
-11%
4.8
-14%
2 %
May Sale Price vs List Price Ratio
95.8 %
. 5 %
. 3 %
1.1 % 1.2 %
95.3 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
400 May Property sales were 238 , down 6.3 % from 254 in May of 2016 and 14.4 % higher than the 208 sales last month . May 2017 350 Property sales were Sales at their lowest level compared to May of 2016 and 400 May Property sales were 238 , down 6.3 % from 254 in May of 300 2015 . May YTD sales of 1,035 are running 2.9 % ahead of last 2016 and 14.4 % higher than the 208 sales last month . May 2017 350 year ' s year-to-date sales of 1,006 .
250 sales were at their lowest level compared to May of 2016 and
300 2015 . May YTD sales of 1,035 are running 2.9 % ahead of last 200 year ' s year-to-date sales of 1,006 .
250 150
200 100
150 50
100 0
50
J Prices
14
The Median Sales Price in May was $ 250,000 , equal to Prices
350
$ 250,000 in May of 2016 and up 5.5 % from $ 236,900 last The month Median . The Sales Average Price Sales in May Price was in $ 250,000 May was , equal $ 315,306 to , up 1.7 %
350 $ from 250,000 $ 309,886 in May in of 2016 May of and 2016 up 5.5 and % up from 3.8 $ % 236,900 from $ 303,627 last last . The Average Sales Price in May was $ 315,306 , up 1.7 %
330 month . May 2017 ASP was at the highest level compared to May from $ 309,886 in May of 2016 and up 3.8 % from $ 303,627 last 310 of 2016 and 2015 . month . May 2017 ASP was at the highest level compared to May
of 2016 and 2015 .
0
290 270 250 230 210 190 170 150
230 224
Agent Name
219
Title Phone Website Other
217 212
Number of Properties Sold
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
14
15
16
17
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 and Average Sales Price
15
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
230 224 219 217 212 169 187 141 154 208 216 239 287 274 259 238 207 160 205 134 185 208 225 254 346 250 306 290 219 252 235 163 152 274 208 238
330 310 290 270 250 230 210 190 170 150

Iredell Community Information | School District

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
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 May
The was Total 983 , Inventory down 0.1 of % Properties from 984 last available month for and sale down as of 12.5 May % from
1,600 was
1,123 983 in , down May of 0.1 last % from year 984 . May last 2017 month Inventory and down was 12.5 at % its from lowest
1,6001,400
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
1,123 level in compared May of last with year May . May of 2017 2016 Inventory and 2015 . was at its lowest
1,4001,200
8.0
level compared with May of 2016 and 2015 .
1,200
7.0
1,000
1,000
6.0
800
5.0
800
600
A comparatively lower MSI is more beneficial for sellers while a
4.0
600
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial May 2017 for sellers MSI of while 4.1 a
400
3.0 higher MSI is better for buyers . The May 2017 MSI of 4.1
400
2.0 months was at its lowest level compared with May of 2016 and
200 months was at its lowest level compared with May of 2016 and
200
1.0
2015 .
0
2015 .
0
0.0
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
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
14
15
16
17
14
15
16
17
169
1,400 1,404 1,344 1,307 1,268 1,212 1,108 1,101 187 141 154 208 216
Number of Properties Sold
239 287 274 259 238 207 160
1,098 1,108
1,191 1,101
1,174 1,098 1,246 1,282 1,260 1,253 1,242 1,230
1,140 1,073 1,029 1,004 205 134 185 208 225 254 346 250 306 290 219
1,060 1,130 1,123 1,181 1,160 1,129 1,098 1,066 998 886 886 902 977
252
3 Mo Avg
235
3 Mo Avg
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
14
15
16
17
1,400 1,404 1,344 1,307 1,268 1,212
1,191 1,174 1,246 1,282 1,260 1,253 1,242 1,230 1,140 1,073 1,029 1,004 1,060 1,130 1,123
984
983 163 152
1,181 1,160 1,129 1,098 1,066 998 886 886 902 977
3 Mo Avg
274 208
984 983
238
9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
18 | 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 .