CAR ARCHIVED October 2017 | Page 37

Market Action Report October 2017
Community Information
| School District

County : Charleston

Price Range : All | Properties : SFH - Con

Charleston

Agent Name
Market Action Report October 2017

Community Information

Phone

| School District

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
$ 544,900
2 %
9 %
Average List Price of all Current Listings
$ 838,090
1 %
12 %
October Median Sales Price
$ 349,100
-2%
-1%
2 %
3 %
$ 357,000
6 %
6 %
October Average Sales Price
$ 448,150
2 %
-3%
-4%
1 %
$ 474,333
7 %
7 %
Total Properties Currently for Sale ( Inventory )
2,219
-3%
-7%
October Number of Properties Sold
477
-8%
5 %
5,885
0 %
October Average Days on Market ( Solds )
60
5 %
5 %
0 %
-9%
64
-2%
-3%
Asking Price per Square Foot ( based on New Listings )
$ 243
8 %
7 %
17 %
12 %
$ 228
5 %
5 %
October Sold Price per Square Foot
$ 199
-1%
-2%
-1%
2 %
$ 207
7 %
7 %
October Month ' s Supply of Inventory
4.7
6 %
9 %
-11%
11 %
4.0
-3%
-3%
October Sale Price vs List Price Ratio
95.8 %
. 0 %
-. 0 % -. 1 %
-. 2 %
95.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
900
October Property sales were 477 , up 4.8 % from 455 in October of 2016 and 8.4 % lower than the 521 sales last month . October
800
Property
2017 sales Sales were at a mid level compared to October of 2016 and
900
700
October
2015 . October
Property YTD sales sales were of 477 5,885 , up 4.8 are % running from 455
0.1 in % October ahead of of 2016 and 8.4 % lower than the 521 sales last month . October
800
600 last year ' s year-to-date sales of 5,879 .
2017 sales were at a mid level compared to October of 2016 and
700
500
2015 . October YTD sales of 5,885 are running 0.1 % ahead of
600 last year ' s year-to-date sales of 5,879 .
400
Number of Properties Sold
3 Mo Avg
500
300
400
200
300
100
200
0
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
0
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
Prices
Median Sales Price and Average Sales Price
14
15
16
17
The Median Sales Price in October was $ 349,100 , up 2.4 % from
Prices
600
$ 341,000 in October of 2016 and down 1.7 % from $ 355,000
Median Sales Price and Average Sales Price
The last Median month . Sales The Price Average in October Sales Price was $ in 349,100 October , up was 2.4 $ % 448,150 from ,
600
550
$ down 341,000 3.7 in % October from $ 465,449 of 2016 in and October down 1.7 of % 2016 from and $ 355,000 up 1.9 % from last
$ 439,880 month . last The month Average . October Sales Price 2017 in October ASP was was at a $ 448,150 mid range ,
550
500
J
A S O
3 Mo Avg
3 Mo Avg
down compared 3.7 % from to October $ 465,449 of 2016 in October and 2015 of 2016 . and up 1.9 % from
$ 439,880 last month . October 2017 ASP was at a mid range
500
450
compared to October of 2016 and 2015 .
450
400
400 350
350 300
300 250
250
366 458 355
Title
Website Other
410 594
366 458 355 410 594 593 662 761 698 516 571 500 404 571 373 457 573 603 700 791 668 652 607 455 472 564 369 480 617 578 762 816 647 618 521 477
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
October Total Inventory was 2,219 of , down Properties 2.8 % available from 2,283 for last sale month as of and down
3,000
October
6.8 % from was 2,381 2,219 , in down October 2.8 % of from last 2,283 year . last October month 2017 and down
3,000
2,500
6.8
Inventory % from 2,381 was at in its October lowest of level last year compared . October with 2017 October of 2016
2,500
Inventory and 2015 was . at its lowest level compared with October of 2016
2,000 and 2015 .
2,000
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
5.0
1,500
4.0
A comparatively lower MSI is more beneficial for sellers while a
1,000
3.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial October for 2017 sellers MSI while of 4.7 a
1,000 higher MSI is better for buyers . The October 2017 MSI of 4.7
500
2.0 months was at its lowest level compared with October of 2016
500 months was at its lowest level compared with October of 2016
1.0 and 2015 .
0 and 2015 .
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 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
593 662 761 698 516 571
2,515 2,352 2,412 2,373 2,448 2,411 2,436 2,496 2,547 2,486 2,536 2,431 2,351 2,186 2,164 2,233
Number of Properties Sold
500 404 571 373 457 573 603
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
2,515 2,352 2,412 2,373 2,448 2,411 2,436 2,496 2,547
700 791 668 652 607
2,486 2,536 2,431 2,351 2,186 2,164 2,233 2,283 2,322 2,368 2,414 2,408 2,419 2,457 2,381
2,283 2,322 2,368 2,414 2,408 2,419 2,457 2,381 2,280 2,086 2,092 2,131 2,272 2,336 2,351 2,376 2,369 2,341 2,283 2,219
455 472 564 369 480 617 578 762 816 647
2,280 2,086 2,092 2,131 2,272 2,336 2,351 2,376 2,369 2,341
3 Mo Avg
618 521
2,283 2,219
477
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Charleston Trident Association of REALTORS , Piedmont Regional Association of REALTORS , Sumter Board of REALTORS , Consolidated Multiple Listing Service and may not reflect all relevant real estate activity . Coldwell Banker Residentia 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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