CAR ARCHIVED November 2017 | Page 24

Market Action Report
Rowan
County: Rowan
Agent Name
Market Action Report
County: Rowan
November 2017
Title
Phone
Agent
Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$169,900
-4%
15%
November 2017
Community Information | School District
Price Range: All | Properties: SFH - Con
Market Profile & Trends Overview
Median
Price
of - Con
all Current Listings
Price
Range: All List
| Properties:
SFH
Trending versus*:
Prior YTD Prior Year
YTD
versus*:
Trending versus*:
$257,576 Trending
0%
30%
L3M -6%
PYM -7%
LY 0%
YTD
Prior YTD 4%
Prior Year 4%
-10%
$140,500
$169,900 -4%
15%
$156,665 -3% -3% -7% 2%
$157,419
2%
3%
$257,576 0%
30%
519 -5%
-2%
$135,000 -10% -6% -7% 0%
$140,500
4%
4%
102 -22%
6%
1,382
14%
$156,665 -3% -3% -7% 2%
$157,419
2%
3%
63 37% 3% 3% -28%
73 -18%
-16%
519 -5%
-2%
$94
1%
-1%
11%
8%
$95
9%
9%
102 -22%
6%
1,382
14%
$81
-8%
-3%
-4%
1%
$83
4%
63 37% 3% 3% -28%
73 -18%
-16% 4%
5.1
22%
2%
-8%
-5%
4.4
-20%
$94 1% -1% 11% 8%
$95
9%
9% -19%
1%
$81 91.3%
-8% -3.8%
-3% -2.2%
-4% -4.0%
1% -.9%
$83 93.2%
4% 1% 4%
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
$135,000
November Sold
Sale Price
Price
vs Square
List Price
November
per
Foot Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
5.1 22% 2% -8% -5%
4.4 -20%
-19%
of 93.2%
Properties
91.3% -3.8% -2.2% -4.0% Number
-.9%
1% Sold 1%
Prices
The Median Sales Price in November was $135,000, down 6.9%
Prices
from $144,950 in November of 2016 and down 10.0% from
The
Median last
Sales
Price in The
November
$135,000,
6.9% was
$150,000
month.
Average was
Sales
Price in down
November
from
$144,950
in November
2016 and in down
10.0% from
$156,665,
down
6.6% fr om of $167,684
November
of 2016 and 190
$150,000
last from
month.
The Average
Sales Price
in November
was was
down 3.3%
$161,964
last month.
November
2017 ASP
170
$156,665,
down level
6.6% compared
from $167,684
in November
of 2016
and
at the lowest
to November
of 2016
and 2015.
down 3.3% from $161,964 last month. November 2017 ASP was 150
at the lowest level compared to November of 2016 and 2015.
130
98
3 Mo Avg
Median Sales Price and Average Sales Price
190
132
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
14 15
16
17
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
Median
Sales
Price
and
Average
Sales
Price
3 Mo Avg
14 15
16
17
0
Number of Properties Sold
November
sales were
102, and
up 6.3%
96 in YTD sales
compared Property
to November
of 2016
2015. from
November
160 120
November of 2016 and 22.1% lower than the 131 sales last
of 1,382 are running 13.9% ahead of last year's year-to-date sales
month. November 2017 sales were at their highest level
140 100
of 1,213.
compared to November of 2016 and 2015. November YTD sales
120 80
of 1,382 are running 13.9% ahead of last year's year-to-date sales
100
of 1,213.
60
80
40
60
20
40
0
20
3 Mo Avg
November Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
180
November Property sales were 102, up 6.3% from 96 in
160
November of 2016 and 22.1% lower than the 131 sales last
Property
Sales 2017 sales were at their highest level
180 140
month. November
November Month's Supply of Inventory
3 Mo Avg
170
150
130
110
110 90
90 70
70 50
.
14.0
14.0 12.0
12.0 10.0
10.0
8.0
6.0
4.0
2.0
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 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
14 15
16
17
14 15
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell
Residential
| Price
c o Banker
ldw
e l l Brokerage
bank
e r Range:
h o All m | e Property
s c Types:
o 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 is responsibility
the responsibility
any or
buyer
or to seller
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
seller
verify to any
and any
all information
relevant relevant
to such consumer’s
real estate real
transaction.
24 |
600
500
A comparatively lower MSI is more beneficial for sellers while a 400
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
for sellers
a 5.1 300
MSI is better
November
2017 while
MSI of
200
higher
MSI
is better
for buyers.
November
MSI of 5.1
months
was
at its lowest
level The
compared
with 2017
November
of 2016
months
was at its lowest level compared with November of 2016 100
and 2015.
0
and 2015.
2016 and 2015.
900
800
700
600
500
400
300
200
100
0
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
November
was 519,
5.1% available
from 547 for
last sale
month
The
Total Inventory
of down
Properties
as of and down
900
1.9% from was
529 519,
in November
of last 547
year.
November
down 5.1% from
last November
month and 2017
down
Inventory
was in at November
its lowest of level
with November
of 800
1.9%
from 529
last compared
year. November
2017
700
Inventory
at its lowest level compared with November of
2016 and was
2015.
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
16 A M J J A S O N D J F M 17
D J 14 F 15
M A M J J A S O N D J F M
A M J J A S O N
14 15
16
17
50
8.0
6.0
4.0
2.0
0.0