CAR ARCHIVED November 2017 | Page 6

Market Action Report November 2017
Community Information | School District
Market Action Report November 2017

County : Alexander

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
$ 275,000
12 %
22 %
Average List Price of all Current Listings
$ 328,953
1 %
7 %
November Median Sales Price
$ 165,000
67 %
1 %
-25%
3 %
$ 153,500
-15%
-4%
November Average Sales Price
$ 165,408
14 % -10% -27% -20%
$ 192,328
-12%
-7%
Total Properties Currently for Sale ( Inventory )
68
-1%
5 %
November Number of Properties Sold
13
0 %
86 %
122
30 %
November Average Days on Market ( Solds )
46 -61% -44% -52% -57%
93
-17%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 113
27 %
4 %
7 %
6 %
$ 107
0 %
0 %
November Sold Price per Square Foot
$ 101
34 %
9 %
0 %
4 %
$ 94
-4%
-3%
November Month ' s Supply of Inventory
5.2
-1% -16% -44% -40%
6.0
-33%
-31%
November Sale Price vs List Price Ratio
96.0 %
14.3 % 5.9 % 5.8 % 2.2 %
91.6 %
-2%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Alexander

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
18
November Property sales were 13 , up 85.7 % from 7 in November of 2016 and the same as the 13 sales last month . November
Property
2017 sales Sales were at their highest level compared to November of
18
November
2016 and
Property 2015 . November sales were YTD 13 , up sales
85.7 of % 122 from are 7 in running November
29.8 % of 2016 and the same as the 13 sales last month . November
16 ahead of last year ' s year-to-date sales of 94 .
2017 sales were at their highest level compared to November of
14
2016 and 2015 . November YTD sales of 122 are running 29.8 %
12 ahead of last year ' s year-to-date sales of 94 .
16
14
12
10
8
Number of Properties Sold
3 Mo Avg
10
6
8
4
6
2
4
0
2
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
14
15
16
17
D
J
F M A M J
Prices
14
15
The Median Sales Price in November was $ 165,000 , down
Prices
350
25.0 % from $ 220,000 in November of 2016 and up 66.7 % from
The
$ 99,000 Median last Sales month Price . in The November Average was Sales $ 165,000 Price in , November down was
350
300
25.0
$ 165,408 % from , $ down 220,000 27.0 in % November from $ 226,714 of 2016 in November and up 66.7 of % 2016 from and
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
16
17
Median Sales Price and Average Sales Price
A S O N
3 Mo Avg
3 Mo Avg
$ up 99,000 13.9 % last from month $ 145,223 . The Average last month Sales . Price November in November 2017 ASP was was
300
250
$ at 165,408 a mid , range down 27.0 compared % from to $ 226,714 November in November of 2016 and of 2016 2015 . and up 13.9 % from $ 145,223 last month . November 2017 ASP was
250
200 at a mid range compared to November of 2016 and 2015 .
200
150
150 100
6 5 8
100
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
14F
15 M A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O N
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
November Total Inventory was 68 , of down Properties 1.4 % from available 69 last for month sale as of and up 4.6 %
November from 65 in was November 68 , down of 1.4 last % from year . 69 November last month 2017 and up Inventory 4.6 %
90 from was 65 at a in mid November level compared of last year with . November 2017 of 2016 Inventory and 2015 .
80 was at a mid level compared with November of 2016 and 2015 .
70
90
80
70
60
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
30.0
25.0
20.0
60
50
A comparatively lower MSI is more beneficial for sellers while a
40
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial November for sellers 2017 while MSI of a 5.2
30 higher MSI is better for buyers . The November 2017 MSI of 5.2
20 months was at its lowest level compared with November of 2016 months was at its lowest level compared with November of 2016
10 and 2015 . and 2015 .
0
50
20.0
40
15.0
30
20
10.0
10
5.0
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
14
15
16
17
14
15
16
17
15.0
10.0
5.0
0.0
74
74 6 5 8 82
82 74
80 74
80 10 80 70
11 80
10
77
79 70 79
10 11 10 17 3
17
77 3
79 74
66 13
79 74 71
12 66
5 71
54 55
4
Number of Properties Sold
58 6
13 12 5 4 6 3 5
3 10
5 10 66
6 68
10
54 62 55 66 58 68 62 69
68 65 66 62 65 64
62
6 10 14 6
69 14 68
6 65
13 66
13
13 13 7 7 10 52
7 65
7 64
58 57
10
9 7
52 62
9 7
12 11 9
12 15
11 9
9 15
15 9
68
65 58
64 57
64 62
68 65
73 64
69 64
68 9 15
13 13
73 69
3 Mo Avg
9
68 13 13
6 | 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 .