CAR ARCHIVED October 2017 | Page 10

Market Action Report
October 2017
County: Iredell
IREDELL
Market Action Report
Agent Name
October 2017
Title
Phone
Agent
Name
Website
Title
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
County: Iredell Information | School District
Community
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
Trending versus*:
Prior YTD Prior Year
YTD
$1,525,000 -3%
-3%
versus*:
Trending versus*:
$1,905,746 Trending
2%
1%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$2,131,250
5%
3%
$1,525,000
-3% 49% 35%
-3% 98% 65% $1,334,250
$2,452,139
68%
39%
114%
65%
$1,642,142
13%
11%
$1,905,746 2%
1%
85 0%
$2,131,250 49%
35% 98% 4%
65% $1,334,250
5%
3%
8 -33%
62
$2,452,139 68%
39% 114% 167%
65% $1,642,142
13% 17% 11%
114 -19%
-16%
85 86
0% 25% 12%
4% -22% -37%
$270
-7%
8 -33% -8% -5%
167% -15% -13%
62 $289
17% -9%
October Average
Sold Price
$310
October
Days per
on Square
Market Foot
(Solds)
86
25% 31%
12% 17%
-22% 41%
-37% 11%
114 $273
-19% 3% -16% -3%
Asking
Price
per Square
Foot
on New Listings)
$270 10.6
-8% 50%
-5% 11%
-15% -61%
-13% -51% $289 15.7
-9% -22% -7% -27%
October
Month's
Supply
of (based
Inventory
October
Foot Ratio
$310 95.1%
31% 10.1%
17% 3.2%
41% -.8%
11% 3.6% $273 92.5%
3% 1% -3%
October Sold
Sale Price
Price per
vs Square
List Price
1%
* LM=Last Month
/ L3M=Last
3 Months of
/ PYM=Same
Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 10.6 50% 11% -61% -51%
October
Month's
Supply
Inventory
15.7 -22%
-27%
October Sale Price vs List Price Ratio
95.1% 10.1% 3.2% -.8% Number
3.6%
1% Sold 1%
of 92.5%
Properties
Average List Price of all Current Listings
Market Profile & Trends Overview
October
Median
Sales
Price Listings
Median
List
Price of
all Current
October
Average
Sales
Price Listings
Average List Price of all Current
Total
Properties
Currently
October Median Sales Price for Sale (Inventory)
October Average
Number
of Properties
Sold
October
Sales
Price
October
Average
Days
on
Market
(Solds)
Total Properties Currently for Sale (Inventory)
Asking Number
Price per of Square
Foot Sold
(based on New Listings)
October
Properties
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
4
Median Sales Price and Average Sales Price
6
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
N D 14 J F 15
M A M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O
14 15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
40
comparatively
lower
MSI
is more
beneficial
for sellers
while
A A comparatively
lower
MSI
is more
beneficial
for sellers
while
a a 40
higher MSI
MSI
better
buyers.
October
2017
of 10.6
higher
is is
better
for for
buyers.
The The
October
2017
MSI MSI
of 10.6
20
months was
was
lowest
level
compared
with
October
of 2016 20
months
at at
its its
lowest
level
compared
with
October
of 2016
0
and 2015.
2015.
0
and
J F A M
D A J M
F M
N D N J D F M
M A J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N
F M
J J A A M S J O J
16
17
14 14
15 15
16
17
Copyright
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and Up
Types: Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and | Property
Up | Property
SFH - Con
10
| © Coldwell
coldwellbankerluxury.com
Data
is is
provided
courtesy
of Charlotte
Regional
REALTOR
Association,
Triad Triad
MLS, MLS,
Inc. and
reflect
all relevant
real estate
Coldwell Coldwell
Banker Residential
Brokerage Brokerage
Data
provided
courtesy
of Charlotte
Regional
REALTOR
Association,
Inc. may
and not
may
not reflect
all relevant
real activity.
estate activity.
Banker Residential
does
warrant
or guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
seller
verify to any
and any
all information
relevant relevant
to such consumer’s
real estate real
transaction.
does not not
warrant
or guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any or
buyer
or to seller
verify
and all information
to such consumer’s
estate transaction.
50.0
60.0
60
70.0
Inventory & MSI
Inventory
& MSI of Properties available for sale as of
The Total Inventory
The
Total Inventory
of Properties
for sale
as of from 82 in
120
October
was 85, equal
to 85 last available
month and
up 3.7%
120
October
85, equal
85 last month
and up 3.7%
in
October was
of last
year. to
October
2017 Inventory
was from
at its 82
highest
100
October of last year. October 2017 Inventory was at its highest
100
level compared with October of 2016 and 2015.
level compared with October of 2016 and 2015.
80
1,000
60
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
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
Median Sales
Price and Average Sales
Price
14
15
16
17
3 Mo Avg
Prices
The Median Sales Price in October was $2,131,250, up 98.3%
Prices
from $1,075,000 in October of 2016 and up 49.0% from
2,800
The Median Sales Price in October was $2,131,250, up 98.3%
$1,430,000 last month. The Average Sales Price in October was 2,600
from $1,075,000 in October of 2016 and up 49.0% from
2,800
$2,452,139,
up month.
114.2% The
from
$1,144,750
October
of 2016
$1,430,000
last
Average
Sales in
Price
in October
was and 2,600 2,400
up 68.1% from
$1,458,708
last month.
October of
2017
ASP
at
$2,452,139,
up 114.2%
from $1,144,750
in October
2016
and was 2,400
2,200
the
highest
level
compared
October
of 2016
and ASP
2015.
up
68.1%
from
$1,458,708
last to month.
October
2017
was at
2,200 2,000
the highest level compared to October of 2016 and 2015.
2,000 1,800
1,800 1,600
1,600 1,400
1,400 1,200
1,200 1,000
80
0
0
2 2
4 4
6
Number of Properties Sold
14
October Property sales were 8, up 166.7% from 3 in October of
2016 and 33.3%
Property
Sales lower than the 12 sales last month. October 14 12
2017 sales
were sales
at their
highest
level compared
October
October
Property
were
8, up 166.7%
from 3 in to
October
of of
2016 and
and 33.3%
2015. lower
October
62 month.
are running
17.0% 12 10
2016
than YTD
the 12 sales
sales of last
October
ahead
of last
year-to-date
sales
of 53. to October of
2017
sales
were year's
at their
highest level
compared
10 8
2016 and 2015. October YTD sales of 62 are running 17.0%
ahead of last year's year-to-date sales of 53.
8 6
Property Sales
40.0
30.0
20.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0 10.0
0.0
A S O 0.0