CAR ARCHIVED October 2017 | Page 39

County : Chester Community Information Agent Name| School District

Chester Market Action Report October 2017

County : Chester Community Information Agent Name| School District

Title
Market Profile & Trends Overview
Phone
Trending versus *:
Month
WebsiteLM
L3M
PYM
LY
YTD
Trending versus *:
Prior YTD
Prior Year
Price
Median Range : All List | Properties Price : SFH of all - ConCurrent Listings
$ 94,900 Other -5%
8 %
Average List Price of all Current Listings
$ 159,786
1 %
Trending
18 versus % *:
Trending versus *:
Market
October Profile Median Sales & Trends Price Overview
$ 72,833
Month
-14 LM%
L3M
0 %
PYM
2 %
-27 LY%
$ 78,000
YTD
Prior -14% YTD
Prior -22% Year
Median
October List Average Price Sales of all Price Current Listings
$
$ 126,721 94,900
34 -5%
31 %
21
8 %
9 %
$ 104,372
-10%
-10%
Average
Total Properties List Price Currently of all Current for Sale Listings ( Inventory )
$ 159,786
36
-8 1 %
-45
18 %
October Median Number Sales of Properties Price Sold
$
72,8338
-14
33 %
0 %
02 %
-27%
$ 78,000
95
-14 3 %%
-22%
October Average Sales Days Price on Market ( Solds )
$ 126,721
-23
34 % -18 31 %
21
3 %
-34 9 %
$ 104,372
99
-15
-10 %
-10
-9 %
Total
Asking Properties Price Currently Square Foot for ( Sale based ( Inventory on New Listings ) )
$ 82
36 -15 -8%
1 %
-45
9 %
21 %
$ 69
-3%
1 %
October Number Sold Price of Properties Square Sold Foot
$
808
41
33 %
37 %
-1 0 %
21 %
$
595
-93 %
-11%
October Average Month ' s Days Supply on of Market Inventory ( Solds )
4.5
72
-31
-23 % -18 -9 % -45 3 %
-34 %
5.1
99
-24
-15 %
-25 -9%
Asking
October Price Sale per Price Square vs List Foot Price ( based Ratioon New Listings )
96.2
$ 82%
7.0
-15 % 6.6
1 % 1.9
9 % 6.5 21 %
89.2
$ 69 %
-1
-3 %
-11 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
October Sold Price per Square Foot
$ 80
41 %
37 %
-1%
21 %
$ 59
-9%
-11%
October Month ' s Supply of Inventory
4.5 -31% -9% -45% -34%
5.1
-24%
-25%
October Sale Price vs List Price Ratio
96.2 %
7.0 % 6.6 % 1.9 % 6.5 %
89.2 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales October Property sales were 8 , equal to 8 in October of 2016 and 33.3 % higher than the 6 sales last month . October 2017 sales were at their highest level compared to October of 2016 and 2015 . October YTD sales of 95 are running 3.3 % ahead of last year ' s year-to-date sales of 92 .
Prices The Median Sales Price in October was $ 72,833 , up 2.2 % from $ 71,250 in October of 2016 and down 14.3 % from $ 84,950 last month . The Average Sales Price in October was $ 126,721 , up 21.4 % from $ 104,425 in October of 2016 and up 34.0 % from $ 94,567 last month . October 2017 ASP was at the highest level compared to October of 2016 and 2015 .
16 14 12 10 8 6 4 2 0
200 180 160 140 120 100 80 60 40 20 0
4 9 6 6 6 13 14 10 10 10 9 5
Number of Properties Sold
8 8 6 8 10 5
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
Median Sales Price and Average Sales Price
12 11 13 8 11 8 6 12 6 11 11 13 8 9 12
3 Mo Avg
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
11 6 8
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of October was 36 , down 7.7 % from 39 last month and down 44.6 % from 65 in October of last year . October 2017 Inventory was at its lowest level compared with October of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The October 2017 MSI of 4.5 months was at its lowest level compared with October of 2016 and 2015 .
90 80 70 60 50 40 30 20 10 0
83 84 82
78 79
Total Inventory & Month ' s Supply of Inventory ( MSI )
83 79 77 72 70 72 75 69 65 65 67
57 54
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
51 47 51 50
58 65
59 54 50 50 50 53 48
45
48 42 39 36
25.0 20.0 15.0 10.0 5.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con c o l d w e l l b a n k e r h o m e s . c o m | 39
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 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 .