CAR ARCHIVED November 2016 | Page 29
Market Action Report
November 2016
Yadkin
County: Yadkin
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for November was 95, up 61.0% from
59 days last month and down 4.0% from 99 days in November of
last year. The November 2016 DOM was at its lowest level
compared with November of 2015 and 2014.
3 Mo Avg
300
250
200
150
102
99
100
95
50
0
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Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
85
more normalized indicator on the direction of Property values.
The November 2016 Selling Price per Square Foot of $99 was up
80
12.1% from $88 last month and up 37.3% from 72 in November
75
of last year.
70
65
60
55
50
3 Mo Avg
99
72
72
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The November 2016 Selling Price vs
Original List Price of 91.2% was down from 94.1% last month
and up from 78.1% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
92.0%
100%
91.2%
78.1%
80%
60%
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
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15
16
116
109
107
101
107
88
105
115
103
133
128
145
134
156
144
172
159
158
147
158
151
151
144
148
169
176
170
162
169
159
161
157
146
154
153
200
180
160
140
120
100
80
60
40
20
0
157
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in November 2016 was 14, down 26.3% from 19 last month and
down 36.4% from 22 in November of last year.
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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.
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