CAR ARCHIVED May 2017 | Page 15

Market Action Report May 2017
Market Action Report May 2017

BERKELEY

County : Berkeley

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,395,000
-5%
-6%
Average List Price of all Current Listings
$ 1,600,897
-2%
-4%
May Median Sales Price
$ 1,300,000
19 %
5 %
-3%
1 %
$ 1,237,500
-3%
-4%
May Average Sales Price
$ 1,671,064
38 %
14 %
24 %
19 %
$ 1,465,137
3 %
5 %
Total Properties Currently for Sale ( Inventory )
63
0 %
21 %
May Number of Properties Sold
9
80 %
50 %
26
8 %
May Average Days on Market ( Solds )
185
302 % 76 %
83 %
83 %
105
-15%
4 %
Asking Price per Square Foot ( based on New Listings )
$ 315
-15% -12% -23% -13%
$ 352
-3%
-3%
May Sold Price per Square Foot
$ 331
1 %
4 %
9 %
0 %
$ 319
-6%
-3%
May Month ' s Supply of Inventory
7.0 -44% -32% -19% -33%
10.2
1 %
-3%
May Sale Price vs List Price Ratio
92.2 % -9.3% -3.2% 2.3 % -1.8%
95.3 %
3 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name
Title Phone Website Other
Number of Properties Sold
3 Mo Avg
Property Sales
10
May Property sales were 9 , up 50.0 % from 6 in May of 2016 and
80.0 % higher than the 5 sales last month . May 2017 sales were
Property Sales at their highest level compared to May of 2016 and 2015 . May
10
May Property sales were 9 , up 50.0 from 6 in May of 2016 and
YTD sales of 26 are running 8.3 % ahead of last year ' s year-todate sales of 24 .
9
80.0 % higher than the 5 sales last month . May 2017 sales were at their highest level compared to May of 2016 and 2015 . May
8
9
8
7
6
Number of Properties Sold
3 Mo Avg
YTD sales of 26 are running 8.3 % ahead of last year ' s year-todate
7
5
sales of 24 .
6
4
5
3
4
2
3
1
2
0
1
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
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
Prices
14
15
Median Sales Price
16 and Average Sales
Price17
3 Mo Avg
The Median Sales Price in May was $ 1,300,000 , down 2.6 %
Prices
2,000 from $ 1,335,000 in May of 2016 and up 18.7 % from $ 1,095,000
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month . Sales The Price Average in May Sales was Price $ 1,300,000 in May , was down $ 1,671,064 2.6 % , up
1,900
2,000 from
24.2 $ % 1,335,000 from $ 1,345,000 in May of in 2016 May and of 2016 up 18.7 and % from up 38.3 $ 1,095,000 % from
1,800 last month . The Average Sales Price in May was $ 1,671,064 , up
1,900
$ 1,208,719 last month . May 2017 ASP was at the highest level
1,700
24.2 % from $ 1,345,000 in May of 2016 and up 38.3 % from
1,800 compared to May of 2016 and 2015 .
1,600
$ 1,208,719 last month . May 2017 ASP was at the highest level
1,700
1,500 compared to May of 2016 and 2015 .
1,600
1,400
1,500
1,400
1,300
1,3001,200
1,2001,100
1,1001,000
1,000
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
14A S O N D
J
F
M15 A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M A17M
14
15
16
17
4 3 5 2 2
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 63 , equal Inventory 63 of last Properties month and available up 21.2 for % sale from as of 52 May in May of was last 63 year , equal . May to 63 2017 last Inventory month and was up at 21.2 its % highest from 52 level in May compared of
80
80
70
Total Inventory & Month ' s Supply of Inventory ( MSI )
60.0
last with year May . May of 2016 2017 and Inventory 2015 . was at its highest level compared with May of 2016 and 2015 .
70
60
50
60
50
40
50.0
40.0
40
A comparatively lower MSI is more beneficial for sellers while a
30
A higher comparatively
MSI is better lower for MSI buyers is more
. The beneficial
May 2017 for sellers
MSI of while
7.0 a higher MSI is better for buyers . The May 2017 MSI of 7.0
20 months was at its lowest level compared with May of 2016 and months was at its lowest level compared with May of 2016 and
10
2015 .
2015 .
0
30.0
30
20
20.0
10
10.0
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 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
5 6 5 1 8 4 6 7 8 5
51 51
52 51
53 51
49 52
47 53
45 49
45 47
48 45
50 45
52 48
50 50
50 52 53
50 52 50
47 53
46 52
43 47
4 39 46
1
44 43
37
4 5 3 4 5 6
49 49 52
51 58
58 53
57 53
49 49
44
52 51 53 53
39
37
6 5 3 7
58
53 56
7
58 57 59
4 68
53 6 7 59
63 56 63
0 68
6
4 3 5 2 2 5 6 5 1 8 4 6 7 8 5 4 1 4 5 3 4 5 6 6 5 3 7 7 4 6 7 0 6 6 5 9
63 6
63 5 9
60.0 50.0
40.0 30.0 20.0 10.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
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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 .