CAR ARCHIVED November 2016 | Page 24

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

County : Rowan

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
$ 152,000
-2%
9 %
Average List Price of all Current Listings
$ 217,303
-1%
7 %
November Median Sales Price
$ 144,950
6 %
4 %
15 %
21 %
$ 135,000
13 %
13 %
November Average Sales Price
$ 167,684
10 %
6 %
-14%
17 %
$ 154,862
7 %
8 %
Total Properties Currently for Sale ( Inventory )
506
-5%
-26%
November Number of Properties Sold
96 -12%
23 %
1,211
11 %
November Average Days on Market ( Solds )
61 -29% -18% -25% -46%
89
-22%
-22%
Asking Price per Square Foot ( based on New Listings )
$ 88
-2%
0 %
-4%
7 %
$ 87
5 %
6 %
November Sold Price per Square Foot
$ 85
7 %
2 %
7 %
16 %
$ 80
8 %
10 %
November Month ' s Supply of Inventory
5.3
7 %
9 %
-40% -31%
5.4
-30%
-29%
November Sale Price vs List Price Ratio
95.1 %
2.4 % 1.3 % 5.3 % 7.3 %
92.1 %
3 %
4 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
160
November Property sales were 96 , up 23.1 % from 78 in
November of 2015 and 11.9 % lower than the 109 sales last
140
Property month . November Sales 2016 sales were at their highest level
160
November Property sales were 96 , up 23.1 % from 78 in
120 compared to November of 2015 and 2014 . November YTD sales
November of 2015 and 11.9 lower than the 109 sales last
140 of 1,211 are running 10.7 % ahead of last year ' s year-to-date sales
100 month . November 2016 sales were at their highest level of 1,094 .
120 compared to November of 2015 and 2014 . November YTD sales
80
Number of Properties Sold
3 Mo Avg
of 1,211 are running 10.7 % ahead of last year ' s year-to-date sales of 1,094 .
100
80
60
40
60
20
40
20
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
Prices
The Median Sales Price in November was $ 144,950 , up 14.8 %
D
J
F M A M J
13
14
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
Median Sales Price and Average Sales Price
15
16
A S O N
3 Mo Avg
Prices from $ 126,250 in November of 2015 and up 5.8 % from
190
The
$ 137,000 Median last Sales month Price . in The November Average was Sales $ 144,950 Price in , up November 14.8 % was from
$ 167,684 $ 126,250 , down in November 13.5 % from of $ 2015 193,947 and in up November 5.8 % from of 2015 and
190
170
Median Sales Price and Average Sales Price
3 Mo Avg
$ up 137,000 10.3 % last from month $ 152,073 . The Average last month Sales . November Price in November 2016 ASP was was
$ 167,684 , down 13.5 % from $ 193,947 in November of 2015 and
170
150 at a mid range compared to November of 2015 and 2014 . up 10.3 % from $ 152,073 last month . November 2016 ASP was
150
130
at a mid range compared to November of 2015 and 2014 .
130
110
110 90

Rowan

78 52
Agent Name
55
Title Phone Website Other

Community Information | School District

86 101 88
78 52 55 86 101 88 88 84 96 76 95 69 94 66 69 93 114 112 105 117 118 118 104 78 89 70 70 98 127 139 144 99 132 127 109 96
90 70
70 50
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 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 506 of , down Properties 5.4 % available from 535 for last sale month as of and down 1,000 November 25.8 % from was 682 506 in , down November 5.4 % from of last 535 year last . month November and down 2016 1,000
18.0 800
25.8 Inventory % from was 682 at in its November lowest level of last compared year . November with November 2016 of 16.0
800 Inventory 2015 and was 2014 at . its lowest level compared with November of
14.0 600
2015 and 2014 . 12.0
600 10.0
400 A comparatively lower MSI is more beneficial for sellers while a
8.0 400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial November for sellers 2016 while MSI a of 5.3 6.0
200 higher MSI is better for buyers . The November 2016 MSI of 5.3 200
4.0 months was at its lowest level compared with November of 2015 months was at its lowest level compared with November of 2015
2.0 and 2014 .
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
88 84 96 76 95
819 793 793 792 789 823 865 888 874 845 866 837 775 771 713 727 709
Number of Properties Sold
69 94
819 793 793 792 789 823 865 888 874 845 866 837 775 771 66 69 93 114 112 105 117 118 118 104
713 727 709 739 745 761 769 764 733 682
78
739 745 761 769 764 733 682 641 601 600 570 89 70 70 98 127 139 144
585 552 558 561 546 546 535 506
99
641 601 600 570 585 552 558 561 546 546
132
3 Mo Avg
127
535
506 109 96
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
24 | 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 .