CAR ARCHIVED October 2017 | Page 12

Market Action Report
October 2017
County: Lincoln
LINCOLN
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: Lincoln 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
$1,824,500 11%
Trending versus*:
Prior YTD Prior Year
YTD
35%
versus*:
Trending versus*:
Average List Price of all Current Listings
$1,848,583 Trending
8%
12%
Market Profile & Trends Overview
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
October
Median
Sales
Price Listings
$1,877,500
3%
3%
Median
List
Price of
all Current
$1,824,500
11% 43% 46%
35% 55% 53% $1,270,000
October
Average
Sales
Price
$1,877,500
43%
37%
53%
28%
$1,310,962
-16%
-11%
Average List Price of all Current Listings
$1,848,583 8%
12%
Total Properties
Currently
12 0%
October
Median Sales
Price for Sale (Inventory)
$1,877,500 43%
46% 55% -14%
53% $1,270,000
3%
3%
October Average
Number
of Properties
Sold
2 0%
13
86% -11%
October
Sales
Price
$1,877,500 43%
37% 53% -33%
28% $1,310,962
-16%
October
Average
Days on for
Market
(Solds)
101 -14%
-22%
Total
Properties
Currently
Sale (Inventory)
12 56
0% -72% -48%
-14% -16% -57%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$363
59%
-4%
106%
21%
$343
24%
15%
October Number of Properties Sold
2 0%
-33%
13
86%
October Average
Sold Price
$308
October
Days per
on Square
Market Foot
(Solds)
56
-72% 31%
-48% 20%
-16% 10%
-57% 17%
101 $250
-14% -8% -22% -5%
Asking
Price
per Square
Foot
on New Listings)
$363 6.0
59% 0%
-4% -5%
106% 29%
21% -23% $343
24% 20% 15% 14%
October
Month's
Supply
of (based
Inventory
8.9
October
Sold
Price
per
Square
Foot
$308
31%
20%
10%
17%
$250
-8% -4% -5% -2%
October Sale Price vs List Price Ratio
94.0% 3.8% 3.7% 1.7% 1.7%
90.5%
* LM=Last Month
/ L3M=Last
3 Months of
/ PYM=Same
Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 6.0 0%
October
Month's
Supply
Inventory
-5% 29% -23%
8.9
20%
14%
October Sale Price vs List Price Ratio
94.0% 3.8% 3.7% 1.7% Number
1.7%
90.5%
-4%
of Properties Sold -2%
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Prices
-1
0
0
The Median Sales Price in October was $1,877,500, up 54.8%
Prices
from $1,213,000 in October of 2016 and up 42.8% from
The Median Sales Price in October was $1,877,500, up 54.8%
2,000
$1,315,000 last month. The Average Sales Price in October was
from $1,213,000 in October of 2016 and up 42.8% from
2,000
$1,877,500,
52.5% The
from Average
$1,231,000
October
of 2016
$1,315,000
last up month.
Sales in
Price
in October
was and
1,800
up 42.8% from
$1,315,000
last month.
October of 2017
$1,877,500,
up 52.5%
from $1,231,000
in October
2016 ASP
and was
1,800
at
the
highest
level
compared
to
October
of
2016
and
2015.
up 42.8% from $1,315,000 last month. October 2017 ASP was
1,600
at the highest level compared to October of 2016 and 2015.
1,600
1,400
1,400
Median Sales Price and Average Sales Price
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
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
-1
0
1
1
1
1
2
2
2
2
3
3
3
3
3 Mo Avg
4
2015. October YTD sales of 13 are running 85.7% ahead of last
year's year-to-date sales of 7.
Number of Properties Sold
4
October Property sales were 2, down 33.3% from 3 in October of
2016 and the
same as the 2 sales last month. October 2017
Property
Sales
5
sales were
at their
lowest
compared
to October
of 2016
October
Property
sales
were level
2, down
33.3% from
3 in October
of and
2015.
October
YTD
of 13 last
are running
85.7% ahead
2016
and
the same
as sales
the 2 sales
month. October
2017 of last 4
year's
year-to-date
sales level
of 7. compared to October of 2016 and 4
sales
were
at their lowest
5
Property Sales
3 Mo Avg
1,200
1,200
1,000
1,000
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)
Inventory & MSI
15.0
15.0
10.0
10.0
5
10
10
comparatively
lower
MSI
is more
beneficial
for sellers
while
A A comparatively
lower
MSI
is more
beneficial
for sellers
while
a a
higher
MSI
is
better
for
buyers.
The
October
2017
MSI
of
6.0
higher MSI is better for buyers. The October 2017 MSI of 6.0
5
months was
was
highest
level
compared
with
October
of 2016
months
at at
its its
highest
level
compared
with
October
of 2016
and 2015.
2015.
0
and
20.0
20.0
Inventory
& MSI of Properties available for sale as of
The Total Inventory
The
Total Inventory
of Properties
for down
sale as 14. 3%
of
25
October
was 12, equal
to 12 last available
month and
from 14
25
October
was
12,
equal
to
12
last
month
and
down
14.3%
in October of last year. October 2017 Inventory was from
at its 14
lowest
20
in October of last year. October 2017 Inventory was at its lowest
level compared with October of 2016 and 2015.
20
level compared with October of 2016 and 2015.
15
15
5.0
0
0.0
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 A S O
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
12
| © 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
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buyer
or to seller
verify
and all information
to such consumer’s
estate transaction.
5.0
0.0