CAR ARCHIVED May 2017 | Page 33

Market Action Report May 2017
Community Information
| School District

County : Charleston

Price Range : All | Properties : SFH - Con

Charleston

Agent Name
Market Action Report May 2017

Community Information

Phone

| School District

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
$ 545,000
1 %
4 %
Average List Price of all Current Listings
$ 865,056
3 %
14 %
May Median Sales Price
$ 379,250
4 %
5 %
10 %
12 %
$ 356,796
10 %
6 %
May Average Sales Price
$ 512,440
9 %
7 %
14 %
16 %
$ 476,190
12 %
8 %
Total Properties Currently for Sale ( Inventory )
2,231
-2%
-6%
May Number of Properties Sold
759
31 %
8 %
2,802
4 %
May Average Days on Market ( Solds )
62
-2% -10% -3%
-6%
70
0 %
6 %
Asking Price per Square Foot ( based on New Listings )
$ 234
0 %
0 %
7 %
8 %
$ 231
5 %
6 %
May Sold Price per Square Foot
$ 218
3 %
5 %
9 %
12 %
$ 209
11 %
8 %
May Month ' s Supply of Inventory
2.9 -25% -16% -13% -29%
4.1
-6%
-1%
May Sale Price vs List Price Ratio
96.8 %
. 5 %
. 7 %
. 5 %
. 8 %
96.0 %
0 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
900 May Property sales were 759 , up 8.4 % from 700 in May of 2016 and 30.9 % higher than the 580 sales last month . May 2017 sales
800 Property were at their Sales highest level compared to May of 2016 and 2015 . 900 700 May May Property YTD sales sales of were 2,802
759 are
, up running
8.4 % from
3.6 % 700 ahead in May of last of 2016 year ' s and 30.9 % higher than the 580 sales last month . May 2017 sales
800 600 year-to-date sales of 2,705 . were at their highest level compared to May of 2016 and 2015 . 700 500 May YTD sales of 2,802 are running 3.6 % ahead of last year ' s
600 year-to-date sales of 2,705 .
400
500 300
400 200
300 100
200 0
100 0
J Prices
14
The Median Sales Price in May was $ 379,250 , up 9.9 % from Prices
600
$ 345,000 in May of 2016 and up 3.6 % from $ 366,225 last
The month Median . The Sales Average Price Sales in May Price was in $ 379,250 May was , up $ 512,440 9.9 % from , up 14.2 600
% 550 $ from 345,000 $ 448,574 in May in of May 2016 of and 2016 up and 3.6 % up from 8.6 $ % 366,225 from $ 471,963 last last
month . . The May Average 2017 ASP Sales was Price at in the May highest was $ level 512,440 compared , up 14.2 to % May 550 500 from of 2016 $ 448,574 and 2015 in May . of 2016 and up 8.6 % from $ 471,963 last
month . May 2017 ASP was at the highest level compared to May
500 450 of 2016 and 2015 .
450 400
400 350
350 300
300 250
250
629 586 589
Title
Website Other
500 482
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
629 586 589 500 482 366 458 355 410 594 592 662 760 698 516 571 500 404 571 373 457 573 602 700 791 667 652 607 454 471 564 369 479 615 580 759
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 2,231 Inventory , down 2.3 of % Properties from 2,284 available last month for sale and as down of May 5.5 %
3,000 was from 2,231 2,361 , down in May 2.3 % of from last 2,284 year . May last month 2017 Inventory and down 5.5 was % at its
3,000
2,500 from lowest 2,361 level in compared May of last with year . May of 2017 2016 Inventory and 2015 was . at its
2,500 lowest level compared with May of 2016 and 2015 .
2,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
2,000
1,500
5.0
1,500
4.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
3.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial May 2017 for sellers MSI of while 2.9 a
1,000 higher MSI is better for buyers . The May 2017 MSI of 2.9
500
2.0 months was at its lowest level compared with May of 2016 and
500 months was at its lowest level compared with May of 2016 and
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
366 458
2,677 2,697 2,643 2,583 2,564 2,515 2,351 2,411 2,372 355 410 594 592
Number of Properties Sold
662 760 698 516 571 500 404 571
2,447 2,411 2,435 2,495 2,548 2,487 2,537 2,430 2,350 2,184 2,162 2,231 2,280 2,317 2,361 2,407 2,400 2,413 2,450 2,373 2,268 2,072 2,072 2,107 2,241
373 457 573 602 700 791 667 652 607 454 471
3 Mo Avg
564
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
2,677 2,697 2,643 2,583 2,564 2,515 2,351 2,411 2,372 2,447 2,411 2,435 2,495 2,548 2,487 2,537 2,430 2,350 2,184 2,162 2,231 2,280 2,317 2,361 2,407 2,400 2,413 2,450 2,373 2,268
2,284
2,231 369 479
2,072 2,072 2,107 2,241
3 Mo Avg
615 580
2,284 2,231
759
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 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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