CAR ARCHIVED October 2017 | Page 16

Market Action Report
Gaston
County: Gaston
Agent Name
Market Action Report
County: Gaston
October 2017
Title
Phone
Agent
Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$199,950
-0%
13%
October 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*:
$263,656 Trending
2%
13%
L3M 0%
PYM 14%
LY 13% YTD
Prior YTD 9%
Prior Year 9%
0%
$164,000
$199,950 -0%
13%
$203,422 9% 4% 26% 19%
$186,955
11%
10%
$263,656 2%
13%
522 -8%
-28%
$170,000 0% 0% 14% 13%
$164,000
9%
9%
253 -3%
1%
2,438
-1%
$203,422 9% 4% 26% 19%
$186,955
11%
10%
40 -17% -11% -38% -45%
53 -29%
-27%
522 -8%
-28%
$100
1%
0%
3%
9%
$99
8%
8%
253 -3%
1%
2,438
-1%
$99
5%
2%
18%
14%
$94
9%
40 -17% -11% -38% -45%
53 -29%
-27% 8%
2.1
-5%
-6%
-28%
-38%
2.4
-29%
$100 1% 0% 3% 9%
$99
8%
8% -27%
2%
$99 95.8%
5% -.4%
2% -.6%
18% -.1%
14% .7%
$94 96.6%
9% 2% 8%
Average List Price of all Current Listings
Market
Trends
October Profile
Median & Sales
Price Overview
Median List Price of all Current Listings
October Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
October Median Sales Price
October Number of Properties Sold
October Average Sales Price
October Average Days on Mark et (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
October Number of Properties Sold
October Sold Price per Square Foot
October Average Days on Market (Solds)
October
Month's
Supply
of (based
Inventory
Asking
Price
per Square
Foot
on New Listings)
Month
LM
$170,000
October Sold
Sale Price
Price per
vs Square
List Price
October
Foot Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
2.1 -5% -6% -28% -38%
2.4 -29%
-27%
of 96.6%
Properties
95.8% -.4% -.6% -.1% Number
.7%
2% Sold 2%
October Month's Supply of Inventory
October 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
350
October Property sales were 253, up 1.2% from 250 in October
of 2016 and 3.4% lower than the 262 sales last month. October
300
Property
2017 sales Sales
were at their highest level compared to October of 350
October
Property
sales
were
253,
up
1.2%
from
250
in
October
250
2016 and 2015. October YTD sales of 2,438 are running 0.8%
of 2016 and 3.4% lower than the 262 sales last month. October
300
behind last year's year-to-date sales of 2,458.
2017 sales were at their highest level compared to October of
200
Number of Properties Sold
3 Mo Avg
250
Prices
The Median Sales Price in October was $170,000, up 13.7%
Prices
from $149,530 in October of 2016 and up 0.3% from $169,500
The
in October
was $170,000,
13.7%
last Median
month. Sales
The Price
Average
Sales Price
in October up
was
$203,422,
from
$149,530
in $161,638
October of in 2016
and of
up 2016
0.3% and
from up
$169,500
up 25.9%
from
October
8.5% from 240
last
month. last
The month.
Average October
Sales Price
in ASP
October
$203,422,
$187,414
2017
was was
at the
highest level
220
up
25.9% from
$161,638 of in 2016
October
2016 and up 8.5% from
compared
to October
and of
2015.
$187,414 last month. October 2017 ASP was at the highest level 200
compared to October of 2016 and 2015.
180
183
Median Sales Price and Average Sales Price
240
235
310
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
14
15
16
17
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
Median
Sales
Price
and
Average
Sales
Price
3 Mo Avg
14
15
16
17
0
0
50
50
100
100
150
150
200
2016 and 2015. October YTD sales of 2,438 are running 0.8%
behind last year's year-to-date sales of 2,458.
3 Mo Avg
3 Mo Avg
220
200
180
160
160 140
140 120
120 100
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 14 J F 15
M 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 17
A M J J A S O
14
15
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell
Residential
c o Banker
ldw
e l l Brokerage
b a n k | Price
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.
16 |
.
1,000 800
800
600
A comparatively lower MSI is more beneficial for sellers while a 600 400
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
for 2017
sellers
while
a
MSI is better
October
MSI
of 2.1
400
200
higher
MSI
is better
for buyers.
October with
2017
MSI of of
2.1 2016
months
was
at its lowest
level The
compared
October
200
months
was at its lowest level compared with October of 2016
0
and 2015.
0
and 2015.
N
14
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
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
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
14 15
16
17
15
16
17
was at its lowest level compared with October of 2016 and 2015.
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
1,400
October
was 522, down
8.1% from
568 last
and down
The
Total Inventory
of Properties
available
for month
sale as of
1,400 1,200
27.5% from
720 down
in October
of last
year.
October
2017
Inventory
October
was 522,
8.1% from
568
last month
and
down
was at from
its lowest
compared
with October
October 2017
of 2016
and 2015.
27.5%
720 in level
October
of last year.
Inventory
1,200 1,000
100
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0