CAR ARCHIVED May 2017 | Page 8

Market Action Report May 2017
Market Action Report May 2017

IREDELL

County : Iredell

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
$ 1,698,000
9 %
10 %
Average List Price of all Current Listings
$ 1,943,247
1 %
3 %
May Median Sales Price
$ 1,993,600
57 %
63 %
59 %
55 %
$ 1,225,412
-7%
-5%
May Average Sales Price
$ 1,916,387
40 %
31 %
33 %
29 %
$ 1,523,230
-4%
3 %
Total Properties Currently for Sale ( Inventory )
91
14 %
-8%
May Number of Properties Sold
5
25 %
-17%
24
9 %
May Average Days on Market ( Solds )
81 523 % -43% -18% -40%
134
-11%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 301
4 %
1 %
-10%
-3%
$ 297
-12%
-5%
May Sold Price per Square Foot
$ 260
-10%
0 %
-16%
-7%
$ 289
-5%
3 %
May Month ' s Supply of Inventory
18.2
-9%
16 %
10 %
-16%
18.1
-16%
-16%
May Sale Price vs List Price Ratio
80.4 % -23.3% -11.9% -14.8% -12.4%
91.4 %
-1%
-0%
* 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 5 , down 16.7 % from 6 in May of 2016 Property and 25.0 % Sales higher than the 4 sales last month . May 2017 sales
14
May were Property at their sales lowest were level 5 , down compared 16.7 % to from May 6 of in 2016 May of and 2016 2015 .
and May 25.0 YTD % higher sales of than 24 are the running 4 sales last 9.1 month % ahead . May of last 2017 year sales ' s year-1to-date their sales lowest of 22 level . compared to May of 2016 and 2015 .
were May YTD sales of 24 are running 9.1 % ahead of last year ' s yearto-date sales of 22 .
10 8
14 12 10 8 6
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
6 4
4 2
2
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 $ 1,993,600 , up 59.5 % from
Prices
Median Sales Price and Average Sales Price
$ 1,250,000 in May of 2016 and up 57.2 % from $ 1,268,294 last
The Median Sales Price in May was $ 1,993,600 , up 59.5 % from
2,800
3 Mo Avg month . The Average Sales Price in May was $ 1,916,387 , up
$ 1,250,000 in May of 2016 and up 57.2 % from 1,268,294 last
2,8002,600 month
33.5 % . from The Average
$ 1,435,639 Sales
in Price
May in
of May
2016 was
and $ 1,916,387
up 40.5 % , up
from
2,6002,400
33.5
$ 1,364,147 % from $ last 1,435,639 month in . May May of 2017 2016 ASP and was up at 40.5 the % highest from level
2,4002,200
$ compared 1,364,147 last to May month of . 2016 May and 20172015 ASP . was at the highest level
2,2002,000 compared to May of 2016 and 2015 .
2,0001,800
1,8001,600
1,6001,400
1,4001,200
1,2001,000
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
Inventory & MSI
Inventory
The Total Inventory & MSI of Properties available for sale as of May
The was Total 91 , up
Inventory 13.8 % from of Properties 80 last month available and for down sale as
8.1 of % May from 99 in
120 was 91 , up 13.8 % from 80 last month and down 8.1 % from 99 in
120
May of last year . May 2017 Inventory was at a mid level
May of last year . May 2017 Inventory was at a mid level
100 compared with May of 2016 and 2015 .
100 compared with May of 2016 and 2015 .
80
80
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
70.0
60.0
50.0
60
A
A comparatively
comparatively lower
lower MSI
MSI is more
is more beneficial
beneficial for sellers
for sellers while
while a a
40 higher higher MSI MSI is is better better for for buyers buyers . The . The May May 2017 2017 MSI MSI of 18.2 of 18.2
20 months months was was at at its its highest highest level level compared compared with with May May of 2016 of 2016 and and
2015
2015 . .
0
60
40
20
0
40.0
30.0
20.0
10.0
0.0
J
J JA JS AO SN OD NJ
DF MJ
AF
M JA JM AJ
SJ OANS DOJ
NF DM JA FM MJ
AJ MA JS
OJ NA DS OJ
FN MD AJ
MF M A M
14
14
15
15
16
16
17
17
89 4
87 89
4
83 87
7
89
88 83 4 89 79
6 88 67
0 79 59
2
67 74
60 1 59
3 76 60
5 74
77 76
6
76 74
6
77 76
9
76 72
7
74 76
68 2 72 72
3
67 4 2 6
92
68 75 72 72 67
81 75
2 4 4
4 4 7 4 6 0 2 1 3 5 6 6 9 7 2 3 4 2 6 2 4 4 6 6 12
99
99
96 92
72 81
6 99
6 99
90 90
12 96 83
6 90
7 90
78 76
3
83
70 78
79 76
70 80
61
3 2 4 91 61
3 79
3
6 7 3 3 2 4 3 3 9 4 5
80 9
91 4 5
70.0 60.0
50.0 40.0 30.0 20.0 10.0 0.0
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