CAR ARCHIVED November 2016 | Page 16

Market Action Report November 2016
Community Information | School District
Market Action Report November 2016

County : Gaston

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
$ 174,900
-3%
21 %
Average List Price of all Current Listings
$ 237,283
0 %
27 %
November Median Sales Price
$ 151,800
1 %
-1%
4 %
6 %
$ 150,000
5 %
5 %
November Average Sales Price
$ 184,153
14 %
4 %
13 %
14 %
$ 170,199
5 %
5 %
Total Properties Currently for Sale ( Inventory )
677
-5%
-34%
November Number of Properties Sold
233
-6%
17 %
2,690
10 %
November Average Days on Market ( Solds )
61
-5%
3 %
-31% -27%
73
-12%
-12%
Asking Price per Square Foot ( based on New Listings )
$ 92
-8%
-2%
7 %
8 %
$ 92
7 %
8 %
November Sold Price per Square Foot
$ 92
9 %
2 %
11 %
13 %
$ 86
6 %
6 %
November Month ' s Supply of Inventory
2.9
1 %
-0% -43% -42%
3.4
-33%
-32%
November Sale Price vs List Price Ratio
94.7 % -1.3% -1.1% 1.6 % 1.3 %
95.0 %
2 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
350 November Property sales were 233 , up 16.5 % from 200 in November of 2015 and 6.4 % lower than the 249 sales last 300 Property month . November Sales 2016 sales were at their highest level 350 November compared Property to November sales were of 2015
233 and , up 16.5
2014 % . from November
200 in
YTD sales 250 November of 2015 and 6.4 % lower than the 249 sales last of 2,690 are running 10.1 % ahead of last year ' s year-to-date
300 month . November 2016 sales were at their highest level sales of 2,444 .
200 compared to November of 2015 and 2014 . November YTD sales 250 of 2,690 are running 10.1 % ahead of last year ' s year-to-date 150 sales of 2,444 .
200
100 150 100

Gaston

Agent Name
50
179 122 135
Title Phone Website Other

Community Information | School District

158 205 197
Number of Properties Sold
50
0 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
0 13 14 15
16 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
Prices Median Sales Price and Average Sales Price
13 14 15
16
3 Mo Avg The Median Sales Price in November was $ 151,800 , up 4.4 % Prices
200 from $ 145,379 in November of 2015 and up 1.2 % from
Median Sales Price and Average Sales Price
3 Mo Avg The $ 150,000 Median last Sales month Price . in The November Average was Sales $ 151,800 Price in , up November 4.4 % was
190
200 from $ 184,153 $ 145,379 , up in 12.8 November % from $ of 163,243 2015 and in November up 1.2 % from of 2015 and up 180 $ 150,000 last month . The Average Sales Price in November was
190 13.8 % from $ 161,769 last month . November 2016 ASP was at 170 $ 184,153 , up 12.8 % from $ 163,243 in November of 2015 and up 180 the highest level compared to November of 2015 and 2014 . 160 13.8 % from $ 161,769 last month . November 2016 ASP was at 170
150 the highest level compared to November of 2015 and 2014 . 160
140 150
130 140
120
130 120
110
110 100
100 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 13F 14 M A M J J A S O N D J F M15A M J J A S O N D J F M 16 A M J J A S O N 13 14
15 16
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The November Total Inventory was 677 of , down Properties 5.0 % available from 713 for last sale month as of and down 1,400
12.0
November 33.8 % from was 1,023 677 , down in November 5.0 % from of 713 last last year month . November and down 2016 1,4001,200 12.0
10.0 33.8 Inventory % from was 1,023 at in its November lowest level of last compared year . November with November 2016 of 1,2001,000
10.0 Inventory 2015 and was 2014 at . its lowest level compared with November of
8.0 1,000
2015 and 2014 . 800
8.0
800 6.0
600 6.0
A comparatively lower MSI is more beneficial for sellers while a 600 4.0
400 A higher comparatively MSI is better lower for MSI buyers is more . The beneficial November for sellers 2016 while MSI a of 2.9
4.0
400 higher months MSI was is better at its lowest for buyers level . The compared November with 2016 November MSI of of 2.92015
200 2.0
2.0 months was at its lowest level compared with November of 2015
200 and 2014 .
0 0.0 and 2014 . 0
0.0 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 J J A S O N 13 14
15 16
13 14 15
16
208 236 226 197 201
179 122 135 158 205 197 208 236 226 197 201 177 194 165 173 203 223 237 270 294 206 262 211 200 220 164 182 223 261 280 312 235 297 254 249 233
1,296 1,257 1,258 1,275 1,296 1,304 1,327 1,316 1,298 1,321 1,258 1,194 1,127 1,122 1,145
Number of Properties Sold
177
1,296 1,257 1,258 1,275 1,296 1,304 1,327 1,316 1,298 1,321 1,258 1,194
194 165 173 203 223 237 270 294 206 262 211 200
1,126 1,119 1,104 1,069 1,114 1,138 1,087 1,068 1,023 965 927 861 851
220
1,127 1,122 1,145 1,126 1,119 1,104 1,069 1,114 1,138 1,087 1,068 1,023 965 927 164 182 223 261 280
820 805 809 797 785 755 713 677
3 Mo Avg
312 235 297
861 851 820 805 809 797 785 755 713
3 Mo Avg
254
677 249 233
16 | 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 .