CAR ARCHIVED October 2017 | Page 24

Market Action Report
Rowan
County: Rowan
Agent Name
Market Action Report
County: Rowan
October 2017
Title
Phone
Agent
Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$184,245
0%
23%
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
Trending versus*:
$263,989 Trending
-0% versus*:
29%
L3M 3%
PYM 9%
LY 11% YTD
Prior YTD 6%
Prior Year 5%
7%
$141,500
$184,245 0%
23%
$162,401 2% -1% 7% 6%
$157,555
3%
3%
$263,989 -0%
29%
522 -5%
-5%
$150,000 7% 3% 9% 11%
$141,500
6%
5%
129 36%
18%
1,275
14%
$162,401 2% -1% 7% 6%
$157,555
3%
3%
47 -18% -23% -45% -46%
74 -19%
-15%
522 -5%
-5%
$94
-4%
-1%
6%
8%
$95
9%
9%
129 36%
18%
1,275
14%
$88
6%
4%
11%
10%
$83
5%
47 -18% -23% -45% -46%
74 -19%
-15% 4%
4.0
-30%
-10%
-20%
-25%
4.3
-22%
$94 -4% -1% 6% 8%
$95
9%
9% -20%
1%
$88 94.8%
6% .2%
4% .6%
11% 2.0%
10% 2.9%
$83 93.4%
5% 2% 4%
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 Market (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
$150,000
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
4.0 -30% -10% -20% -25%
4.3 -22%
-20%
of 93.4%
Properties
94.8% .2% .6% 2.0% Number
2.9%
2% Sold 1%
Prices
The Median Sales Price in October was $150,000, up 9.5% from
Prices
$137,000 in October of 2016 and up 7.1% from $140,000 last
The
Median
Sales
Price Sales
in October
$150,000,
9.5% from
month.
The
Average
Price was
in October
was up $162,401,
up
$137,000
in October
of in
2016
and up
$140,000
last
6.8% from
$152,073
October
of 7.1%
2016 from
and up
2.1% from
190
month.
The last
Average
Sales
Price in
October
up level
$159,016
month.
October
2017
ASP was
was $162,401,
at the highest
170
6.8%
from $152,073
in October
2016
and up 2.1% from
compared
to October
of 2016 of
and
2015.
$159,016 last month. October 2017 ASP was at the highest level 150
compared to October of 2016 and 2015.
130
70
3 Mo Avg
Median Sales Price and Average Sales Price
190
145
99
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
Number of Properties Sold
October
Property
were YTD
129, sales
up 18.3%
from are
109
in October
2016 and
2015. sales
October
of 1,275
running
14.1%
of 2016 and 35.8% higher than the 95 sales last month. October 160 120
ahead of last year's year-to-date sales of 1,117.
2017 sales were at their highest level compared to October of
140 100
2016 and 2015. October YTD sales of 1,275 are running 14.1%
120 80
ahead of last year's year-to-date sales of 1,117.
100
60
80
40
60
20
40
0
20
3 Mo Avg
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
180
October Property sales were 129, up 18.3% from 109 in October
of 2016 and 35.8% higher than the 95 sales last month. October 160
Property
2017 sales Sales
were at their highest level compared to October of 180 140
October Month's Supply of Inventory
3 Mo Avg
170
150
130
110
110 90
90 70
70 50
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
0
and 2015.
.
14.0
14.0 12.0
12.0 10.0
10.0
8.0
6.0
4.0
2.0
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
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
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 |
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
900
October
was 522, down
5.1% from
550 last
The
Total Inventory
of Properties
available
for month
sale as and
of down
4.9% from
October
last 550
year.
2017
Inventory 900 800
October
was 549
522, in
down
5.1% of
from
last October
month and
down
800 700
was from
at its 549
lowest
level compared
with October
October
of 2016
and 2015.
4.9%
in October
of last year.
2017
Inventory
was at its lowest level compared with October of 2016 and 2015. 700 600
600 500
500 400
A comparatively lower MSI is more beneficial for sellers while a 400 300
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
for 2017
sellers
while
a 300 200
MSI is better
October
MSI
of 4.0
higher
MSI
is better
for buyers.
October with
2017
MSI of of
4.0 2016 200 100
months
was
at its lowest
level The
compared
October
100
months
was at its lowest level compared with October of 2016
0
and 2015.
50
8.0
6.0
4.0
2.0
0.0