CAR ARCHIVED October 2017 | Page 8

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

County : Cabarrus

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
$ 310,000
0 %
5 %
Average List Price of all Current Listings
$ 362,776
4 %
12 %
October Median Sales Price
$ 214,000
-2%
-4%
13 %
10 %
$ 209,256
8 %
8 %
October Average Sales Price
$ 225,762
-3%
-5%
9 %
5 %
$ 229,315
8 %
7 %
Total Properties Currently for Sale ( Inventory )
509
-9%
-23%
October Number of Properties Sold
261 -10%
-7%
2,812
-1%
October Average Days on Market ( Solds )
37
6 %
3 %
-20% -33%
41
-27%
-25%
Asking Price per Square Foot ( based on New Listings )
$ 112
4 %
2 %
11 %
10 %
$ 108
6 %
6 %
October Sold Price per Square Foot
$ 103
-0%
-1%
6 %
7 %
$ 103
7 %
7 %
October Month ' s Supply of Inventory
2.0
1 %
2 %
-17% -26%
2.1
-23%
-20%
October Sale Price vs List Price Ratio
96.6 %
-. 1 %
-. 5 %
. 5 %
. 3 %
97.1 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Cabarrus

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales 400
October Property sales were 261 , down 7.1 % from 281 in Number of Properties Sold
3 Mo Avg
October of 2016 and 10.0 % lower than the 290 sales last month . 350 Property October 2017 Sales sales were at a mid level compared to October of 400 October Property sales were 261 , down 7.1 % from 281 in
300
2016 and 2015 . October YTD sales of 2,812 are running 1.3 % October of 2016 and 10.0 % lower than the 290 sales last month . 350 behind last year ' s year-to-date sales of 2,850 .
250 October 2017 sales were at a mid level compared to October of
300 2016 and 2015 . October YTD sales of 2,812 are running 1.3 % 200 behind last year ' s year-to-date sales of 2,850 .
250 150
200 100
150 50
100 0
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
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 J A S O
Prices Median Sales Price and Average Sales Price
14 15 16
17
3 Mo Avg The Median Sales Price in October was $ 214,000 , up 12.6 %
Prices from $ 190,000 in October of 2016 and down 1.6 % from 290 Median Sales Price and Average Sales Price
3 Mo Avg
The $ 217,390 Median last Sales month Price . in The October Average was Sales $ 214,000 Price , in up October 12.6 % was from $ 225,762 $ 190,000 , up 8.9 in October % from of $ 207,230 2016 and in down October 1.6 % of from 2016 and down 290
270
$ 2.8 217,390 % from last $ month 232,312 . The last Average month . Sales October Price 2017 in October ASP was was at the $ 225,762 , up 8.9 % from $ 207,230 in October of 2016 and down 270 250 highest level compared to October of 2016 and 2015 . 2.8 % from $ 232,312 last month . October 2017 ASP was at the 250 230
highest level compared to October of 2016 and 2015 .
230 210
210 190
190 170
170 150
150
194 249 179 168 225
194 249 179 168 225 249 271 344 365 271 285 257 205 273 173 185 284 257 334 342 328 354 312 281 225 305 201 182 306 261 328 353 305 325 290 261
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 509 , down of Properties 9.4 % from available 562 last for month sale as of and down
1,200
October
23.3 % from was 509 664 , down in October 9.4 % from of last 562 year last . month October and 2017 down Inventory
1,200
1,000
23.3 was % at from its lowest 664 in level October compared of last year with . October 2017 of 2016 Inventory and
20151,000 . was at its lowest level compared with October of 2016 and 2015 .
800
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
5.0
800
600
4.0
600
3.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial October for 2017 sellers MSI while of 2.0 a
400
2.0 higher MSI is better for buyers . The October 2017 MSI of 2.0
200 months was at its lowest level compared with October of 2016
200
1.0 months and 2015 was
. at its lowest level compared with October of 2016
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
249 271 344 365 271 285
995 905 916 902 956 961 969 926 964 958 979 937
870
Number of Properties Sold
257 205 273 173 185 284 257
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
995 905 916 902 956 961 969 926 964 958 979 937
870
334 342 328
747 732 682 719 766 764 775 787 760 744
664
354 312
747 732 682 719 766 764 775 787 760 744
664 281 225 305 201 182 306 261 328
582 533 513 547 567 595 598 620 610 607 562 509 353 305
582 533 513 547 567 595 598 620 610 607
3 Mo Avg
325 290
562 509
261
6.0 5.0 4.0
3.0 2.0 1.0 0.0
8 | 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 .