Market Action Report November 2016
Community Information | School District
Market Action Report November 2016
County : Iredell
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 |
$ 349,950 |
-0% |
|
25 % |
|
|
|
|
Average List Price of all Current Listings |
$ 503,597 |
1 % |
|
21 % |
|
|
|
|
November Median Sales Price |
$ 210,000 |
-12% -9% |
-0% |
-2% |
$ 224,000 |
4 % |
4 % |
November Average Sales Price |
$ 263,859 |
-8% -10% -1% |
-6% |
$ 291,693 |
4 % |
4 % |
Total Properties Currently for Sale ( Inventory ) |
966 |
-8% |
-15% |
|
|
November Number of Properties Sold |
241 |
11 % |
51 % |
2,658 |
12 % |
November Average Days on Market ( Solds ) |
57 -15% -10% -25% -33% |
77 |
-9% |
-9% |
Asking Price per Square Foot ( based on New Listings ) |
$ 124 |
0 % |
-3% |
0 % |
3 % |
$ 131 |
9 % |
9 % |
November Sold Price per Square Foot |
$ 112 |
1 % |
-2% |
6 % |
4 % |
$ 113 |
5 % |
5 % |
November Month ' s Supply of Inventory |
4.0 -17% -5% -44% -30% |
4.7 |
-18% |
-17% |
November Sale Price vs List Price Ratio |
96.0 % |
. 9 % |
. 8 % |
4.2 % 2.7 % |
94.8 % |
1 % |
1 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Iredell
Agent Name
Title Phone Website Other
Community Information | School District
Property Sales 400
November Property sales were 241 , up 50.6 % from 160 in Number of Properties Sold
3 Mo Avg
November of 2015 and 10.6 % higher than the 218 sales last 350 Property month . November Sales 2016 sales were at their highest level 400 November Property sales were 241 , up 50.6 % from 160 in
300 compared to November of 2015 and 2014 . November YTD sales November of 2015 and 10.6 higher than the 218 sales last 350 of 2,658 are running 11.5 % ahead of last year ' s year-to-date sales 250 month . November 2016 sales were at their highest level of 2,383 .
300 compared to November of 2015 and 2014 . November YTD sales 200 of 2,658 are running 11.5 % ahead of last year ' s year-to-date sales 250 of 2,383 .
150
200 100
150 50
100 0
50
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 $ 210,000 , down 0.2 % Prices
350 from $ 210,500 in November of 2015 and down 12.1 % from
Median Sales Price and Average Sales Price
3 Mo Avg The $ 238,950 Median last Sales month Price . in The November Average was Sales $ 210,000 Price in , down November 0.2 % was
330
350 from $ 263,859 $ 210,500 , down in November 1.5 % from of $ 267,805 2015 and in down November 12.1 % from of 2015 and 310 $ 238,950 last month . The Average Sales Price in November was
330 down 7.7 % from $ 286,010 last month . November 2016 ASP was 290 $ 263,859 , down 1.5 % from $ 267,805 in November of 2015 and 310 at a mid range compared to November of 2015 and 2014 . 270 down 7.7 % from $ 286,010 last month . November 2016 ASP was 290
250 at a mid range compared to November of 2015 and 2014 . 270
230 250
210 230
190
210 190
170
170 150
150 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 966 of , down Properties 8.3 % available from 1,054 for sale last month as of and down 1,600
12.0
November 15.0 % from was 1,136 966 , in down November 8.3 % from of last 1,054 year last . November month and 2016 down 1,6001,400 12.0
10.0 15.0 Inventory % from 1,136 was at in its November lowest level of last compared year . November with November 2016 of 1,4001,200
10.0 Inventory 2015 and was 2014 at . its lowest level compared with November of 1,2001,000
8.0
2015 and 2014 . 1,000
8.0 800
6.0
800 600 6.0
A comparatively lower MSI is more beneficial for sellers while a 4.0
600 A higher comparatively MSI is better lower for MSI buyers is more . The beneficial November for sellers 2016 while MSI a of 4.0
400 4.0 higher MSI is better for buyers . The November 2016 MSI of 4.0
400 months was at its lowest level compared with November of 2015 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
165 141 121 141 190 186 230 224 219 217 212
165 141 121 141 190 186 230 224 219 217 212 169 187 141 154 208 216 239 287 274 259 238 207 160 205 134 185 208 226 254 346 250 306 290 218 241
1,260 1,240 1,270 1,341 1,389 1,388 1,399 1,403 1,343 1,304 1,266 1,210 1,106 1,099 1,096
Number of Properties Sold
169
1,260 1,240 1,270 1,341 1,389 1,388 1,399 1,403 1,343 1,304 1,266 1,210
187 141 154 208
1,106 1,099 1,096
1,189
216 239 287 274 259 238 207 160
1,172 1,244 1,279 1,257 1,249 1,238 1,226 1,136 1,070
1,189 1,172 1,244 1,279 1,257 1,249 1,238 1,226 1,136 1,070 1,026 1,001 1,057 205 134 185 208 226 254 346
1,127 1,119 1,176 1,155 1,123 1,099 1,054 966
250
1,026 1,001 1,057 1,127 1,119 1,176 1,155 1,123 1,099
306
3 Mo Avg
290
1,054
966 218 241
18 | 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 .