CAR ARCHIVED October 2017 | Page 14

Market Action Report
October 2017
County: Mecklenburg
MECKLENBURG
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: Mecklenburg
Community
Information | School District
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Price Range: $1,000,000 and Up | Properties: SFH - Con
Median List Price of all Current Listings
$1,484,150
0%
Trending versus*:
Prior YTD Prior Year
YTD
-1%
Trending versus*:
Average List Price of all Current Listings
$1,864,635 Trending
-1% versus*:
4%
Market Profile & Trends Overview
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
Octobe r
Median
Sales
Price Listings
$1,370,000
4%
3%
Median
List
Price of
all Current
$1,484,150
0% 13% 3%
-1% 14% 6% $1,325,000
October
Average
Sales
Price
$1,519,295
10%
3%
18%
4%
$1,465,249
2%
0%
Average List Price of all Current Listings
$1,864,635 -1%
4%
Total
Properties
Currently
for
Sale
(Inventory)
267
-9%
3%
October Median Sales Price
$1,370,000 13% 3% 14% 6% $1,325,000
4%
3%
October Average
Number
of Properties
Sold
22 0%
October
Sales
Price
$1,519,295 10%
3% 18% 16%
4% $1,465,249 301
2% 13% 0%
October
Average
Days on for
Market
(Solds)
94 16% 6%
6%
86
4%
-3%
Total
Properties
Currently
Sale (Inventory)
267 -9%
3% 8%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$333
6%
2%
5%
5%
$319
1%
1%
October Number of Properties Sold
22 0%
16%
301
13%
October
Days per
on Square
Market Foot
(Solds)
94
16% 12%
6% 8%
8% 22%
6% 12%
86 $301 4% 5% -3%
October Average
Sold Price
$328
2%
Asking
Price
per
Square
Foot
(based
on
New
Listings)
$333
6%
2%
5%
5%
$319
1%
1%
October Month's Supply of Inventory
12.1 -9% 0% -11% 18%
10.5
-4%
2%
October
Foot Ratio
$328 93.6%
12% -2.5%
8% -.2%
22% 2.9%
12% .3% $301 94.1%
5% 1% 2%
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 12.1 -9%
October
Month's
Supply
Inventory
0% -11% 18%
10.5
-4%
2%
October Sale Price vs List Price Ratio
93.6% -2.5% -.2% 2.9% Number
.3%
1% Sold 1%
of 94.1%
Properties
3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property Sales
60
Number of Properties Sold
October Property sales were 22, up 15.8% from 19 in October of
2016 and the
same as the 22 sales last month. October 2017
Property
Sales
60 50
sales were
at their
highest
level
to 19
October
of 2016
October
Property
sales
were 22,
up compared
15.8% from
in October
of
and and
2015. the October
sales
of last
301 month.
are running
13.2%
ahead of
2016
same as YTD
the 22
sales
October
2017
50 40
last were
year's at year-to-date
266.
sales
their highest sales
level of
compared
to October of 2016
and 2015. October YTD sales of 301 are running 13.2% ahead of
last year's year-to-date sales of 266.
3 Mo Avg
40 30
30 20
23
Prices
The Median Sales Price in October was $1,370,000, up 14.2%
Prices
1,700
from $1,200,000 in October of 2016 and up 13.0% from
The Median Sales Price in October was $1,370,000, up 14.2%
1,700
$1,212,500
last
month.
The
Average
Sales
Price
in
October
was
1,600
from $1,200,000 in October of 2016 and up 13.0% from
$1,519,295,
up month.
17.6% from
$1,291,961
October
of 2016
and up
$1,212,500
last
The Average
Sales in Price
in October
was
1,600
9.6% from up
$1,386,324
last
month. in
October
2017
ASP and
was up
at a
1,500
$1,519,295,
17.6% from
$1,291,961
October
of 2016
mid from
range $1,386,324
compared last
to October
2016 and
9.6%
month. of
October
2017 2015.
ASP was at a
1,500
1,400
mid range compared to October of 2016 and 2015.
Median Sales Price and Average Sales Price
37
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
0
0
10
20 10
3 Mo Avg
3 Mo Avg
1,400
1,300
1,300
1,200
1,200
1,100
1,100
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
200
150 150
comparatively
lower
MSI
is more
beneficial
for sellers
while
100
A A comparatively
lower
MSI
is more
beneficial
for sellers
while
a a
higher MSI
MSI
better
buyers.
October
2017
of 12.1 100
higher
is is
better
for for
buyers.
The The
October
2017
MSI MSI
of 12.1
50
50
months
was
at
a
mid
level
compared
with
October
of
2016
and
months was at a mid level compared with October of 2016 and
0
2015.
0
2015.
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
14
| © 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.
20.0
25.0
200
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory
& MSI of Properties available for sale as of
The Total Inventory
The
Total Inventory
of Properties
available
for month
sale as of
October
was 267, down
9.5% from
295 last
and up 2.7% 350 350
October was 267, down 9.5% from 295 last month and up 2.7%
from 260 in October of last year. October 2017 Inventory was at 300
from 260 in October of last year. October 2017 Inventory was at 300
its highest level compared with October of 2016 and 2015.
250
its highest level compared with October of 2016 and 2015.
250
15.0
25.0
20.0
15.0
10.0 10.0
5.0 5.0
0.0
A S O 0.0