CAR ARCHIVED November 2016 | Page 8

Market Action Report

County: Cabarrus

Cabarrus
Agent Name

Market Action Report

County: Cabarrus

November 2016

Title
Phone
Agent
Name
Website
TitleOther
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$295,000
0%
36%

November 2016

Community Information | School District

Price Range: All | Properties: SFH - Con

Market Profile & Trends Overview
Median
Price
of- Con
all Current Listings
Price
Range: AllList
| Properties:
SFH

$314,027 Trending
-4% versus*:
16%
L3M 4%
PYM 5%
LY
5%
$295,000 0%
36%
$218,416 6% 3% 5%
$314,027 -4%
16%
578 -14%
-34%
$198,250 5% 4% 5% 7%
210 -24%
2%
$218,416 6% 3% 5% 6%
61 33% 22% -3%
578 -14%
-34%
$104 2% 1%
12%
210 -24%
2%
$97
1%
0%
61 33% 22% -3% 6%
-6%
$104 2.8
2% 13%
1% 8%
12% -35%
8%
$9796.2%
1% .2%
0% .0%
6% .9%
7%

Average List Price of all Current Listings
Market
Profile
& Trends
Overview
November
Median
Sales Price
Median List Price of all Current Listings
November Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
November Median Sales Price
November Number of Properties Sold
November Average Sales Price
November Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
November Number of Properties Sold
November Sold Price per Square Foot
November Average Days on Market (Solds)
November
Supply
of Inventory
Asking
Price Month's
per Square
Foot (based
on New Listings)

Month
LM
$198,250

Trending versus*:
Prior YTD Prior Year

YTD

Trending versus*:
YTD
Prior YTD 4%
Prior Year
$194,000

7%
6%

$212,743

3%

4%
3%

$194,000
4%
4%
3,050
8%
$212,743
3%
3%
-6%
56 -14%
-14%
8%
$102
6%
6%
3,050
8%
7%
$96
5%
56 -14%
-14% 5%
-27% $102
2.8
-28%
6%
6% -27%
NovemberSold
SalePrice
Price
vsSquare
List Price
1.3%
1%
November
per
FootRatio
$96 96.2%
5% 1% 5%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
November Month's Supply of Inventory
2.8 13% 8% -35% -27%
2.8 -28%
-27%
of 96.2%
Properties
November Sale Price vs List Price Ratio
96.2% .2% .0% .9% Number
1.3%
1%Sold 1%

3 Mo Avg

* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
Property
Sales

Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of

13 14

Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)

722 749
772
734
774
685
787
722
800772
773774
758 787
676
800
578
773

872 960
982
749
940
734
872
685

1,176
1,222
1,192
1,193
1,1601,222
1,1211,192
1,0841,160
1,019 1,121
996 1,084
906 1,019
917
996
903
906
956
917
961
903
970
956
927
961
965
960970
927
982
940 965

1,101
1,176
1,132
1,193

1,115
1,101
1,115
1,132

210

278

310

3 Mo Avg

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
15 A M J J A S O N D J F M 16
A M J J A S O N D J F M
A M J J A S O N
15
16

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © c
Coldwell
| Price
Types:
o lBanker
d wResidential
e l l bBrokerage
anke
r hRange:
o mAlle| sProperty
co
m 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
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
warrant
or guarantee
accuracy
of this
information.
It isresponsibility
the responsibility
any or
buyer
ortoseller
verify
and all information
to such consumer’s
estate transaction.
does
notnot
warrant
or guarantee
the the
accuracy
of this
information.
It is the
of anyofbuyer
seller
verifytoany
andany
all information
relevant relevant
to such consumer’s
real estatereal
transaction.

.

210

278

310

353

328

339

334

257

284

184

173

274

205

257

285

272

365

344

271

249

225

168

179

249

194

267

236

325

294

Median Sales Price and Average Sales Price

1,400
November
was 578,
14.5%available
from 676
The
Total Inventory
ofdown
Properties
forlast
salemonth
as of and down
33.7% from
indown
November
last676
year.
November
was872
578,
14.5% of
from
lastNovember
month and2016
down 1,4001,200
Inventory
was in
at November
its lowest level
with November
of 1,2001,000
33.7%
from 872
of lastcompared
year. November
2016
Inventory
at its lowest level compared with November of
2015 andwas
2014.
1,000 800
2015 and 2014.
800
600
A comparatively lower MSI is more beneficial for sellers while a 600 400
Ahigher
comparatively
lower for
MSIbuyers.
is more The
beneficial
for sellers
MSI is better
November
2016while
MSI aof 2.8400
200
higher
MSI
is better
for buyers.
November
MSI of of
2.82015
months
was
at its lowest
level The
compared
with2016
November
200
months
was at its lowest level compared with November of 2015
0
and 2014.
0
and 2014.
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
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
13 14
15
16
13 14
15
16

8 |

353

328

339

334

257

284

184

173

274

205

257

285

272

365

344

271

249

225

168

179

249

194

267

236

325

294

276

241

195

183

171

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
15
16
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
Median 15
Sales Price and Average16Sales Price
3 Mo Avg
276

D J
13 14
D J F M
13 14
250
240
230
220
210
200
190
180
170
160
150
D J
D J 13F 14
M

241

0

168

50

232

100

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
S O N

758
676
578

Prices

The Median Sales Price in November was $198,250, up 5.5%
Prices
from $188,000 in November of 2015 and up 4.9% from
The
Median last
Sales
Price inThe
November
$198,250,
5.5%
$189,000
month.
Averagewas
Sales
Price inup
November
was
250
from
$188,000
in November
of 2015 and
up 4.9% from
$218,416,
up 5.0%
from $208,020
in November
of 2015 and up
240
$189,000
last
month.
The
Average
Sales
Price
in
November
was
6.1% from $205,889 last month. November 2016 ASP was at
$218,416,
up level
5.0% compared
from $208,020
in November
of 2015
up 230
the highest
to November
of 2015
and and
2014.
220
6.1% from $205,889 last month. November 2016 ASP was at
210
the highest level compared to November of 2015 and 2014.
200
190
180
170
160
150

150

195

0

200

183

50

250

171

100

3 Mo Avg

300

168

150

Number of Properties Sold

350

232

November Property sales were 210, up 2.4% from 205 in
November of 2015 and 24.5% lower than the 278 sales last
Property
Sales 2016 sales were at their highest level
400
month. November
November
sales were
210,and
up 2.4%
205 in YTD sales
comparedProperty
to November
of 2015
2014.from
November
350
November of 2015 and 24.5% lower than the 278 sales last
of 3,050 are running 8.2% ahead of last year's year-to-date sales
month. November 2016 sales were at their highest level
300
of 2,820.
compared to November of 2015 and 2014. November YTD sales
of 3,050 are running 8.2% ahead of last year's year-to-date sales 250
of 2,820.
200

400

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0