CAR ARCHIVED May 2017 | Page 10

Market Action Report
May 2017
County: Mecklenburg
MECKLENBURG
Market Action Report
Agent Name
May 2017
Title
Phone
Agent
Name
Website
Title
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
County: Mecklenburg
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price Range: $1,000,000 and Up | Properties: SFH - Con
Median List Price of all Current Listings
$1,479,575
-1%
Trending versus*:
Prior YTD Prior Year
YTD
-1%
versus*:
Trending versus*:
Average List Price of all Current Listings
$1,805,407 Trending
1%
2%
Market Profile & Trends Overview
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
May Median
Sales
Price
$1,300,000
1% $1,309,750
3%
2%
Median
List Price
of all
Current Listings
$1,479,575
-1% -8% -1%
-1% 2%
May
Average
Sales
Price
$1,439,185
-2%
-1%
5%
-1%
$1,471,658
5%
1%
Average List Price of all Current Listings
$1,805,407 1%
2%
Total
Properties
Currently
for
Sale
(Inventory)
314
1%
7%
May Median Sales Price
$1,300,000 -8% -1% 2% 1% $1,309,750
3%
2%
May Average
Number
of Properties
Sold
35 -15%
May
Sales
Price
$1,439,185 -2%
-1% 5% 13%
-1% $1,471,658 146
5% 36% 1%
May Properties
Average Days
on Market
(Solds)
82
2%
-8%
Total
Currently
for Sale
(Inventory)
314 59
1% -34% -25%
7% -38% -34%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$328
-1%
3%
7%
3%
$319
4%
1%
May Number of Properties Sold
35 -15%
13%
146
36%
May
Days per
on Square
Market Foot
(Solds)
59
-34% 10%
-25% 3%
-38% 9%
-34% 5%
82 $302 2% 6% -8%
May Average
Sold Price
$310
3%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$328
-1%
3%
7%
3%
$319
4%
1%
May Month's Supply of Inventory
9.0 18% 15% -5% -14%
10.9 -15%
4%
May
Foot
$310 95.8%
10% 2.2%
3% 1.7%
9% .0%
5% 2.7% $302 94.0%
6% -1% 3%
May Sold
Sale Price
Price per
vs Square
List Price
Ratio
1%
* LM=Last
Month / L3M=Last
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 9.0 18% 15% -5% -14%
May
Month's
Supply 3 Months
of Inventory
10.9 -15%
4%
May Sale Price vs List Price Ratio
95.8% 2.2% 1.7% .0% Number
2.7%
-1% Sold 1%
of 94.0%
Properties
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
45
Number of Properties Sold
May Property sales were 35, up 12.9% from 31 in May of 2016
40
and 14.6% Sales
lower than the 41 sales last month. May 2017 sales
Property
45
were
at their sales
highest
compared
to May
2016
35
May
Property
were level
35, up
12.9% from
31 in of May
of and
2016 2015.
May
YTD lower
sales than
of 146
last sales
year's 40
and
14.6%
the are
41 running
sales last 36.4%
month. ahead
May of
2017
30
year-to-date
sales of
107. compared to May of 2016 and 2015.
were
at their highest
level
35
25
May YTD sales of 146 are running 36.4% ahead of last year's
Prices
The Median Sales Price in May was $1,300,000, up 2.0% from
Prices
1,800
$1,275,000 in May of 2016 and down 7.8% from $1,410,000
The Median Sales Price in May was $1,300,000, up 2.0% from
1,800 1,700
last
month.
The
Average
Sales
Price
in
May
was
$1,439,185,
up
$1,275,000 in May of 2016 and down 7.8% from $1,410,000
4.8%
from The
$1,373,330
May
of 2016
and was
down
1.9% from
last
month.
Average in
Sales
Price
in May
$1,439,185,
up 1,700 1,600
$1,467,776
last month.
May of 2017
at 1.9%
a mid
range
4.8%
from $1,373,330
in May
2016 ASP
and was
down
from
1,600 1,500
compared last
to May
of 2016
$1,467,776
month.
May and
2017 2015.
ASP was at a mid range
22
13
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,500 1,400
1,400
1,300
1,300
1,200
1,200
1,100
1,100
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 14 A S O N D J F M
15 A M J J A S O N D J F M 16 A M J J A S O N D J F M A 17 M
14
15
16
17
Copyright
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and Up
Types: Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and | Property
Up | Property
SFH - Con
10
| © Coldwell
coldwellbankerluxury.com
Data
is is
provided
courtesy
of Charlotte
Regional
REALTOR
Association,
Triad Triad
MLS, MLS,
Inc. and
reflect
all relevant
real estate
Coldwell Coldwell
Banker Residential
Brokerage Brokerage
Data
provided
courtesy
of Charlotte
Regional
REALTOR
Association,
Inc. may
and not
may
not reflect
all relevant
real activity.
estate activity.
Banker Residential
does
warrant
or guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
seller
verify to any
and any
all information
relevant relevant
to such consumer’s
real estate real
transaction.
does not not
warrant
or guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any or
buyer
or to seller
verify
and all information
to such consumer’s
estate transaction.
150 150
comparatively
lower
MSI
is more
beneficial
for sellers
while
A A comparatively
lower
MSI
is more
beneficial
for sellers
while
a a
100 100
higher MSI
MSI
better
buyers.
May
2017
of 9.0
higher
is is
better
for for
buyers.
The The
May
2017
MSI MSI
of 9.0
50
months
was
at
a
mid
level
compared
with
May
of
2016
and
2015.
months was at a mid level compared with May of 2016 and 2015. 50
0
0
M J A J M A J S J O A N S D O J N F D M J A F M M J A J M
J N
A D S O
J J J A J S A O S N O
D N
J D
F M J A F M
A J S O
J F N M D A J M F
16
17
14 14
15 15
16
17
20.0
200
25.0
200
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory
& MSI of Properties available for sale as of May
The Total Inventory
The
of Properties
available
for up
sale
as of from
May 294 in
350
was Total
314, Inventory
up 1.0% from
311 last month
and
6.8%
350
was 314, up 1.0% from 311 last month and up 6.8% from 294 in
May of last year. May 2017 Inventory was at its highest level
300
May of last year. May 2017 Inventory was at its highest level
300
compared with May of 2016 and 2015.
250
compared with May of 2016 and 2015.
250
compared to May of 2016 and 2015.
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
Median Sales Price 16
and Average Sales Price 17
14
15
0
0
5 5
10
10
15
15
20
3 Mo Avg
20
25
30
year-to-date sales of 107.
Property Sales
15.0
25.0
20.0
15.0
10.0 10.0
5.0 5.0
0.0
M A M
0.0