CAR ARCHIVED October 2017 | Page 29

Market Action Report
October 2017
Yadkin
County: Yadkin
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for October was 104, up 52.9% from
68 days last month and up 76.3% from 59 days in October of last
year. The October 2017 DOM was at a mid level compared with
October of 2016 and 2015.
3 Mo Avg
300
250
200
150
104
100
68
59
50
0
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Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
100
direction of Property values. Since Median Sales Price and
95
Average Sales price can be impacted by the 'mix' of high or low
90
end Properties in the market, the selling price per square foot is a
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more normalized indicator on the direction of Property values.
The October 2017 Selling Price per Square Foot of $80 was down
80
5.4% from $85 last month and down 8.9% from 88 in October of
75
last year.
70
65
60
55
50
3 Mo Avg
88
80
72
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The October 2017 Selling Price vs Original
List Price of 92.0% was up from 90.9% last month and down
from 94.1% in October of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
100%
94.1%
89.2%
92.0%
80%
60%
40%
20%
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
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16
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200
180
160
140
120
100
80
60
40
20
0
Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in October 2017 was 23, down 25.8% from 31 last month and up
21.1% from 19 in October of last year.
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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.
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