CAR ARCHIVED May 2017 | Page 35

County : Chester Community Information Agent Name| School District

Chester Market Action Report May 2017

County : Chester Community Information Agent Name| School District

Title
Market Profile & Trends Overview
Phone
Trending versus *:
Month
WebsiteLM
L3M
PYM
LY
YTD
Trending versus *:
Prior YTD
Prior Year
Price
Median Range : All List | Properties Price : SFH of all - ConCurrent Listings
$ 79,950
Other
16 %
14 %
Average List Price of all Current Listings
$ 121,520
18 %
Trending
-15 versus % *:
Trending versus *:
Market
May Median Profile Sales & Price Trends Overview
$ 58,000
Month
-43 LM% -26 L3M%
PYM
-47 LY%
$ 78,100
YTD
Prior -29% YTD
Prior -29% Year
Median
May Average List Price Sales of Price all Current Listings
$
79,950 75,723
-50 16 % -34%
14 %
-43%
$ 112,548
-23%
-15%
Average
Total Properties List Price Currently of all Current for Sale Listings ( Inventory )
$ 121,520
44
-14 18 %
-15
42 %
May Median Number Sales of Properties Price Sold
$
58,0008
-38 -43 % -26%
-47%
$ 78,100
49
113
-29 %
-29%
May Average Sales Days Price on Market ( Solds )
$ 75,723
113
-50
3 % -34
3 %
-434 %
$ 112,548
-10
-23 %
-15
3 %%
Total
Asking Properties Price Currently Square Foot for ( Sale based ( Inventory on New Listings ) )
$ 73
44
-14
62 %
18 %
16
42 %
9 %
$ 60
-17%
-10%
May Number Sold Price of Properties Square Sold Foot
$
518
-34 -38 % -20%
-25%
$ 62
49
113 -6%%
-7%
May Average Month ' s Days Supply on of Market Inventory ( Solds )
113
5.5
40 3 %
20 3 %
0 %
-76 4 %
112
5.1
-10 5 %%
-77
3 %
Asking
May Sale Price Price per vs Square List Price Foot Ratio ( based on New Listings )
88.9
$ 73%
-5.4
62 % -2.6 18 %
16 %
-1.0 9 %
90.2
$ 60 %
-17 1 %%
-10
0 %%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
May Sold Price per Square Foot
$ 51
-34% -20%
-25%
$ 62
-6%
-7%
May Month ' s Supply of Inventory
5.5
40 %
20 %
0 %
-76%
5.1
5 %
-77%
May Sale Price vs List Price Ratio
88.9 % -5.4% -2.6%
-1.0%
90.2 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
16
May Property sales were 8 , up from 0 in May of 2016 and 38.5 %
lower than the 13 sales last month . May 2017 sales were at a
14
mid level compared to May of 2016 and 2015 . May YTD sales of
49 are running 113.0 % ahead of last year ' s year-to-date sales of
12
23 .
10
Prices The Median Sales Price in May was $ 58,000 , up from $ 0 in May of 2016 and down 42.6 % from $ 101,000 last month . The Average Sales Price in May was $ 75,723 , up from $ 0 in May of 2016 and down 50.4 % from $ 152,723 last month . May 2017 ASP was at the highest level compared to May of 2016 and 2015 .
8 6 4 2 0 -2
200 180 160 140 120 100 80 60 40 20 0
9 6 9 13 10 4 9 6 6 6 11 14
Number of Properties Sold
9 10 8 9 5 8
Median Sales Price and Average Sales Price
7
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
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
6 8 9 0 0 0 0 0 0 1 1 12 6 11
3 Mo Avg
11 13 8
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of May was 44 , down 13.7 % from 51 last month and up 41.9 % from 31 in May of last year . May 2017 Inventory was at a mid level compared with May of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2017 MSI of 5.5 months was at its highest level compared with May of 2016 and 2015 .
100 80 60 40 20 0
93
90
85
81
79
Total Inventory & Month ' s Supply of Inventory ( MSI )
75
76
71
67
67
72
70 67
J
J A S O N D J
F M A M J
14
15
62
59
58
61
54
46
40
36
31
31
31
37
J A S O N D J F M A M J
16
37
42
52
61
56
51
46
46
47
51
44
J A S O N D J F M A M 17
70.0 60.0 50.0 40.0 30.0 20.0 10.0 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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