CAR ARCHIVED May 2017 | Page 17

Market Action Report May 2017
Market Action Report May 2017

CHARLESTON

County : Charleston

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
$ 1,694,300
1 %
6 %
Average List Price of all Current Listings
$ 2,234,475
4 %
13 %
May Median Sales Price
$ 1,596,000
7 %
1 %
14 %
8 %
$ 1,527,500
2 %
4 %
May Average Sales Price
$ 1,897,645
4 %
4 %
23 %
8 %
$ 1,819,538
5 %
3 %
Total Properties Currently for Sale ( Inventory )
477
-2%
7 %
May Number of Properties Sold
64
94 %
49 %
190
43 %
May Average Days on Market ( Solds )
113 -13% -20% -23% -16%
138
-6%
2 %
Asking Price per Square Foot ( based on New Listings )
$ 552
-3%
6 %
3 %
6 %
$ 521
3 %
0 %
May Sold Price per Square Foot
$ 496
-2%
1 %
3 %
6 %
$ 485
3 %
3 %
May Month ' s Supply of Inventory
7.5 -50% -33% -28% -50%
13.1
-24%
-12%
May Sale Price vs List Price Ratio
92.4 %
-. 8 %
. 5 %
1.2 % 1.8 %
91.3 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales May Property sales were 64 , up 48.8 % from 43 in May of 2016 and 93.9 % higher than the 33 sales last month . May 2017 sales Property Sales were at their highest level compared to May of 2016 and 2015 . 70 May Property sales were 64 , up 48.8 % from 43 in May of 2016 May YTD sales of 190 are running 42.9 % ahead of last year ' s and 93.9 % higher than the 33 sales last month . May 2017 sales 60 year-to-date sales of 133 . were at their highest level compared to May of 2016 and 2015 . May YTD sales of 190 are running 42.9 % ahead of last year ' s 50 year-to-date sales of 133 . 40 30 20
70 60 50 40 30 20 10
418
36 30 23
Agent Name
Title Phone Website Other
16 22
36 30 23 16 22 9
9 18 20 21
Number of Properties Sold
18 20 21 25 29 39 42 33 21 30 25 20 31 13 32 21 24 43 55 33 39 35 29 23 25 27 24 42 33 64
406
399 418
396 406
400 399
378 396
354 400
368 378
387 354
386 368
395 387
25 386
392
389 29 39
Number of Properties Sold
10
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
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 $ 1,596,000 , up 14.0 % from
Prices
2,100
$ 1,400,000 in May of 2016 and up 7.1 % from $ 1,490,000 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in May Price was in $ 1,596,000 May was , $ up 1,897,645 14.0 % from , up
2,000
2,100
$
22.7 1,400,000 % from in $ May 1,546,743 of 2016 in and May up of 7.1 2016 % from and $ up 1,490,000 4.2 % from last
1,900 month . The Average Sales Price in May was $ 1,897,645 , up
2,000
$ 1,821,561 last month . May 2017 ASP was at the highest level
1,800
22.7 % from $ 1,546,743 in May of 2016 and up 4.2 % from
1,900 compared to May of 2016 and 2015 .
$ 1,821,561 last month . May 2017 ASP was at the highest level
1,800
1,700
compared to May of 2016 and 2015 .
1,7001,600
1,6001,500
1,5001,400
1,4001,300
1,3001,200
1,200
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
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 477 , Inventory down 2.3 % of from Properties 488 last available month for and sale up as 7.2 of % May from 445
600 was in May 477 , down of last 2.3 year % . from May 488 2017 last Inventory month and was up at 7.2 its % highest from 445 level
600
500 in compared May of last with year May . May of 2017 2016 Inventory and 2015 was . at its highest level
500 compared with May of 2016 and 2015 .
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
45.0
40.0
35.0
45.0
40.0
35.0
30.0
400
30.0
300
25.0
300
20.0
A comparatively lower MSI is more beneficial for sellers while a
200
A comparatively lower MSI is more beneficial for sellers while a
200
15.0 higher MSI is better for buyers . The May 2017 MSI of 7.5 higher MSI is better for buyers . The May 2017 MSI of 7.5
100
10.0 months was at its lowest level compared with May of 2016 and
100 months was at its lowest level compared with May of 2016 and
5.0
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 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
25.0
20.0
15.0
10.0
5.0
0.0
42 33 21 30 25 20 31 13 32
3 Mo Avg
395
376 392
353 389
363 376
349 353
343 363
326
349
342 343 376 326
432 342 431
376 445
446 432
431 431
428 445
428 446
420 431
413 428
395 428
393 420
428 413
395 466 393
488 477 428
21 24 43 55 33 39 35 29 23 25 27
466 24
488
3 Mo Avg
42
477 33 64
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 .