CAR ARCHIVED May 2017 | Page 26

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

County : Union

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
$ 449,900
1 %
15 %
Average List Price of all Current Listings
$ 547,637
3 %
12 %
May Median Sales Price
$ 285,000
-4%
2 %
4 %
10 %
$ 279,250
13 %
7 %
May Average Sales Price
$ 342,367
-2%
2 %
7 %
7 %
$ 334,417
10 %
4 %
Total Properties Currently for Sale ( Inventory )
878
1 %
-17%
May Number of Properties Sold
366
34 %
-15%
1,432
-2%
May Average Days on Market ( Solds )
41 -42% -29% -28% -28%
59
-9%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 131
4 %
2 %
7 %
8 %
$ 127
5 %
5 %
May Sold Price per Square Foot
$ 120
1 %
1 %
6 %
6 %
$ 117
7 %
4 %
May Month ' s Supply of Inventory
2.4 -24% -11% -3%
-24%
3.0
-19%
-3%
May Sale Price vs List Price Ratio
97.7 %
. 7 %
. 4 %
. 2 %
. 8 %
97.1 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales 500
May Property sales were 366 , down 14.7 % from 429 in May of
450 2016 and 34.1 % higher than the 273 sales last month . May 2017 Property sales were Sales at a mid level compared to May of 2016 and 2015 . 500 400 May May Property YTD sales sales of were 1,432 366 are , down running
14.7 1.7 % % from behind 429 in last May year of ' s yearto-date sales of 1,457 .
450 350
2016 and 34.1 % higher than the 273 sales last month . May 2017 sales were at a mid level compared to May of 2016 and 2015 . 400 300 May YTD sales of 1,432 are running 1.7 % behind last year ' s yearto-date sales of 1,457 .
350 250
300 200
250 150
200 100
150 50 100
0
50 0
J Prices
14
The Median Sales Price in May was $ 285,000 , up 4.2 % from Prices
400
$ 273,385 in May of 2016 and down 4.3 % from $ 297,887 last The month Median . The Sales Average Price Sales in May Price was in $ 285,000 May was , up $ 342,367 4.2 % from , up 7.0 %
400 $ from 273,385 $ 319,975 in May in of May 2016 of and 2016 down and 4.3 down % from 1.8 % $ 297,887 from $ 348,590 last 350 month last month . The . Average May 2017 Sales ASP Price was in at May the was highest $ 342,367 level , compared up 7.0 % to from $ 319,975 in May of 2016 and down 1.8 % from $ 348,590 350 May of 2016 and 2015 .
300 last month . May 2017 ASP was at the highest level compared to May of 2016 and 2015 .
300 250
250 200
200 150
150

Union

431 389
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
431 389 406 329 311 238 286 178 203 308 308 365 434 404 358 325 301 233 296 172 203 304 349 429 465 421 395 393 342 303 322 209 236 348 273 366
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 878 , Inventory up 1.3 % from of Properties 867 last available month and for down sale as 17.4 of May % from
1,600 was
1,063 878 in , up May 1.3 % of from last year 867 . last May month 2017 and Inventory down 17.4 was % at from its lowest
1,6001,400
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
1,063 level in compared May of last with year May . May of 2016 2017 Inventory and 2015 . was at its lowest level compared with May of 2016 and 2015 .
1,4001,200
1,2001,000
6.0
5.0
1,000
800
4.0
800
600
A comparatively lower MSI is more beneficial for sellers while a
3.0
600
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial May 2017 for sellers MSI of while 2.4 a
400
2.0 higher MSI is better for buyers . The May 2017 MSI of 2.4
400 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
1,479 1,421 1,419 1,328 1,266 1,184
1,087
Agent Name
406
Title Phone Website Other

Community Information | School District

329 311 238 286 178 203 308 308
Number of Properties Sold
365 434 404 358 325 301 233
1,085 1,097 1,151 1,218 1,238 1,232 1,260 1,200 1,170 1,125 1,059 941 951 943 296 172 203 304 349 429 465 421
981 1,026 1,063 1,120 1,139 1,072 1,044 980 917 395 393 342 303
3 Mo Avg
322
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
1,479 1,421 1,419 1,328 1,266 1,184 1,087 1,085 1,097 1,151 1,218 1,238 1,232 1,260 1,200 1,170 1,125 1,059 941 951 943 981 1,026 1,063 1,120 1,139 1,072 1,044 980 917
805 792 805 861 867 878 209 236
805 792 805 861
3 Mo Avg
348 273
867 878
366
7.0 6.0 5.0
4.0 3.0 2.0 1.0 0.0
26 | 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 .