CAR ARCHIVED May 2017 | Page 6

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

County : Alexander

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
$ 254,900
2 %
3 %
Average List Price of all Current Listings
$ 293,992
1 %
-0%
May Median Sales Price
$ 220,000
45 %
47 %
74 %
38 %
$ 142,500
-1%
-11%
May Average Sales Price
$ 296,667
63 %
42 % 128 % 43 %
$ 198,482
15 %
-4%
Total Properties Currently for Sale ( Inventory )
60
-2%
-12%
May Number of Properties Sold
9 -18%
-10%
47
38 %
May Average Days on Market ( Solds )
110 -19% -5% -47%
3 %
115
-27%
7 %
Asking Price per Square Foot ( based on New Listings )
$ 105
11 %
-1%
17 %
-2%
$ 105
-6%
-2%
May Sold Price per Square Foot
$ 111
25 %
18 %
40 %
14 %
$ 95
14 %
-2%
May Month ' s Supply of Inventory
6.7
20 %
15 %
-2%
-24%
6.3
-42%
-28%
May Sale Price vs List Price Ratio
93.8 %
1.7 % 4.7 % 4.7 %
-. 2 %
90.1 %
-2%
-4%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Alexander

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
18
May Property sales were 9 , down 10.0 % from 10 in May of 2016 and 18.2 % lower than the 11 sales last month . May 2017 sales
Property were at their Sales lowest level compared to May of 2016 and 2015 .
18
May
May Property YTD sales sales of were 47 are
9 , running down 10.0
38.2 % from
% ahead
10 in of May last of year 2016
' s yearto-date sales of 34 . and 18.2 % lower than the 11 sales last month . May 2017 sales
16 were at their lowest level compared to May of 2016 and 2015 .
14
May YTD sales of 47 are running 38.2 % ahead of last year ' s yearto-date sales of 34 .
12
16
14
12
10
8
Number of Properties Sold
3 Mo Avg
10
6
8
4
6
2
4
0
2
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
0
14
15
16
17
Prices
The Median Sales Price in May was $ 220,000 , up 74.4 % from
Prices
$ 126,150 in May of 2016 and up 45.2 % from $ 151,500 last
J
J
14
350
The month Median . The Sales Average Price Sales in May Price was in $ 220,000 May was , up $ 296,667 74.4 % from , up
$
128.2 126,150 % from in May $ 129,980 of 2016 and in May up 45.2 of 2016 % from and $ up 151,500 62.5 % last from
350
300
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
3 Mo Avg
level
128.2 compared % from to $ 129,980 May of 2016 in May and of 2015 2016 . and up 62.5 % from
$ 182,518 last month . May 2017 ASP was at the highest level compared to May of 2016 and 2015 . month
$ 182,518 . The last Average month Sales . May Price 2017 in May ASP was $ at 296,667 the highest , up
300
250
250
200
200
150
150 100 100 50
50
13 10
13 10 1 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
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 60 , down Inventory 1.6 % of from Properties 61 last available month and for down sale as 11.8 of May % from 68
120 was in May 60 , down of last 1.6 year % from . May 612017 last month Inventory and down was at 11.8 its % lowest from 68 level
120
100
Total Inventory & Month ' s Supply of Inventory ( MSI )
120.0
in compared May of last with year May . May of 2017 2016 Inventory and 2015 was . at its lowest level compared with May of 2016 and 2015 .
100
80
100.0
80
60
80.0
60
A comparatively lower MSI is more beneficial for sellers while a
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial May 2017 for sellers MSI of while 6.7 a
40 higher months MSI was is better at its lowest for buyers level . The compared May 2017 with MSI May of of 6.72016 and
20 months
2015 . was at its lowest level compared with May of 2016 and
2015 .
0
60.0
40
40.0
20
20.0
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
94 93 102 97 1 7
85
89 12 12
74 74
6
12 12 6 5 8 5 8
82 80 80
70
10 11 10
77 79 79 74
Number of Properties Sold
10 11 10 17 3
17 3 13
66 71
12 5
54 55 58 4 6
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
94 93 102 97
85
89
74
74 82 80 80
70 77 79 79 74 66 71
13 12 5 4 6 3 5 10 3 5
58 62
10 6 10
62
54
55 66
68 69 68 65 66 62 65 64
6 10 14 6
14 6
66 68 69 68 65 66
13
13 13 7 7
13 10
7
62 65 64
7
52 58 57 61 60
9
7 10 9 7
11 11 9
11
52 58 57 61 60
3 Mo Avg
11 9
120.0 100.0 80.0
60.0 40.0 20.0 0.0
6 | 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 .