CAR ARCHIVED October 2017 | Page 6

Market Action Report October 2017
Community Information | School District
Market Action Report October 2017

County : Alexander

Price Range : All | Properties : SFH - Con
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
$ 244,900
8 %
0 %
Average List Price of all Current Listings
$ 325,165
6 %
5 %
October Median Sales Price
$ 99,000
-39% -37% -61% -38%
$ 153,000
-10%
-4%
October Average Sales Price
$ 145,223
-38% -25% -48% -30%
$ 195,539
-10%
-6%
Total Properties Currently for Sale ( Inventory )
68
-7%
10 %
October Number of Properties Sold
13
44 %
86 %
109
25 %
October Average Days on Market ( Solds )
118
103 % 31 % 119 % 10 %
98
-13%
-8%
Asking Price per Square Foot ( based on New Listings )
$ 90
-24% -20% 13 %
-16%
$ 107
-1%
0 %
October Sold Price per Square Foot
$ 75
-25% -18% -31% -22%
$ 93
-5%
-4%
October Month ' s Supply of Inventory
5.2 -36% -12% -41% -40%
6.1
-32%
-30%
October Sale Price vs List Price Ratio
84.0 % -11.9% -6.7% -11.8% -10.6%
91.1 %
-3%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Alexander

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
18
October Property sales were 13 , up 85.7 % from 7 in October of
2016 and 44.4 % higher than the 9 sales last month . October
Property
2017 sales Sales were at their highest level compared to October of
18
October
2016 and Property
2015 . sales October were YTD 13 , up sales
85.7 of % 109 from are 7 in running October
25.3 of
%
2016 and 44.4 % higher than the 9 sales last month . October
16 ahead of last year ' s year-to-date sales of 87 .
2017 sales were at their highest level compared to October of
14
2016 and 2015 . October YTD sales of 109 are running 25.3 %
12 ahead of last year ' s year-to-date sales of 87 .
16
14
12
10
8
Number of Properties Sold
3 Mo Avg
10
6
8
4
6
2
4
0
2
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 $ 99,000 , down 61.2 %
Prices
350 from $ 255,000 in October of 2016 and down 39.3 % from
Median Sales Price and Average Sales Price
The
$ 163,000 Median last Sales month Price . in The October Average was Sales $ 99,000 Price , down in October 61.2 % was
350
300 from
$ 145,223 $ 255,000 , down in October 48.0 % from of 2016 $ 279,100 and down in October 39.3 % from of 2016 and
J
A S O
3 Mo Avg
3 Mo Avg
$ down 163,000 37.5 last % month from $ . 232,378 The Average last month Sales Price . October in October 2017 was ASP was
300
250
$ at 145,223 the lowest , down level 48.0 compared % from $ 279,100 to October in October of 2016 of and 2016 2015 and . down 37.5 % from $ 232,378 last month . October 2017 ASP was
250
200 at the lowest level compared to October of 2016 and 2015 .
200
150
12
150 100
6 5 8
100 50
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 D14J
F 15 M A M J J A S O N D J F M16A M J J A S O N D J F M 17 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 68 , down of Properties 6.8 % from available 73 last for month sale as and of up 9.7 % 100
30.0
October from 62 was in October 68 , down of 6.8 last % from year . 73 October last month 2017 and Inventory up 9.7 % was at 100 30.0
80 25.0 from its highest 62 in October level compared of last year with . October 2017 of 2016 Inventory and 2015 was at . 80
25.0 its highest level compared with October of 2016 and 2015 .
20.0 60
20.0 60
15.0
40 15.0
A comparatively lower MSI is more beneficial for sellers while a 40 10.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial October for 2017 sellers MSI while of 5.2 a 10.0
20 higher months MSI was is better at its lowest for buyers level . The compared October with 2017 October MSI of of 5.2
5.0
2016 20
5.0 months and 2015 was . at its lowest level compared with October of 2016 0 0.0 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
89 12
89
74
74 6 5 8 82
82 74
80 74 80
10 80 70
11 80
10
77
79 70 79
10 11 10 17 3
17 77
3 79 74
13 79
66 71
12 74
5 66
54 55
Number of Properties Sold
4
71 58
6
13 12 5 4 6 3 5
3
10 5
62 10
66 6 68
10
54 62 55 66 58 68 69 68 65 66 62 65 64
6 10 14 6
69 14 68
6 65
13 66
13
13 13 7 7 10 62 52
7 65
7 64
58 57
10
9 7
52 62
9 7
12 11 9
12 15
65 58
64 57 64 68
11
9 15
62
65 73 64
9 68
15 9
64 9 13
68 73
3 Mo Avg
15
68 9 13
6 | c o l d w e l l b a n k e r h o m e s . c o m
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 .