CAR ARCHIVED October 2017 | Page 19

Market Action Report October 2017
Market Action Report October 2017

BERKELEY

County : Berkeley

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,385,000
1 %
0 %
Average List Price of all Current Listings
$ 1,787,419
5 %
7 %
October Median Sales Price
$ 1,430,514
-12% -10% 14 %
11 %
$ 1,250,000
-2%
-3%
October Average Sales Price
$ 1,550,171
8 %
-1%
15 %
11 %
$ 1,489,868
7 %
6 %
Total Properties Currently for Sale ( Inventory )
60 -10%
5 %
October Number of Properties Sold
6
100 %
50 %
58
16 %
October Average Days on Market ( Solds )
133 -48% -6% 1563 %
32 %
115
11 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 575
34 %
41 %
89 %
58 %
$ 367
2 %
1 %
October Sold Price per Square Foot
$ 321
0 %
-7%
0 %
-3%
$ 332
1 %
1 %
October Month ' s Supply of Inventory
10.0 -55% -25% -30%
-4%
10.8
1 %
4 %
October Sale Price vs List Price Ratio
96.7 %
11.8 % 4.7 % -3.7% 2.9 %
94.2 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
10
October Property sales were 6 , up 50.0 % from 4 in October of
2016 and 100.0 % higher than the 3 sales last month . October
Property Sales
2017 sales were at their highest level compared to October of
10
October Property sales were 6 , up 50.0 % from 4 in October of
2016 and 2015 . October YTD sales of 58 are running 16.0 %
9
2016 and 100.0 % higher than the 3 sales last month . October ahead of last year ' s year-to-date sales of 50 .
2017 sales were at their highest level compared to October of
8
9
8
7
6
Number of Properties Sold
3 Mo Avg
2016 and 2015 . October YTD sales of 58 are running 16.0 %
7
5
ahead of last year ' s year-to-date sales of 50 .
6
4
5
3
4
2
3
1
2
0
1
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
14
15
Median Sales
16 Price and Average Sales
17 Price
The Median Sales Price in October was $ 1,430,514 , up 14.2 %
Prices
2,000 from $ 1,252,500 in October of 2016 and down 12.0 % from
Median Sales Price and Average Sales Price
The
$ 1,625,000 Median Sales last Price month in . October The Average was $ Sales 1,430,514 Price , up in 14.2 October % was
1,900
2,000 from
$ 1,550,171 $ 1,252,500 , up 15.2 in October % from of $ 1,345,356 2016 and down in October 12.0 % of from 2016 and up
1,800
$ 1,625,000 last month . The Average Sales Price in October was
1,900
7.9 % from $ 1,436,667 last month . October 2017 ASP was at the
1,700
$ 1,550,171 , up 15.2 % from $ 1,345,356 in October of 2016 and up
1,800 highest level compared to October of 2016 and 2015 .
1,600
7.9 % from $ 1,436,667 last month . October 2017 ASP was at the
1,700
1,500 highest level compared to October of 2016 and 2015 .
1,600
1,400
1,500
1,400
1,300
1,3001,200
J
A S O
3 Mo Avg
3 Mo Avg
1,2001,100
1,1001,000
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
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
47
5
47
48 45
50 45
52 48
50 50
50 52
53 50
52 50
47 53
46 52
45
45 6 5
Agent Name
Title Phone Website Other
1 8 4 6 7 8 5 43
4 39
1
Number of Properties Sold
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 60 , down of Properties 10.4 % from available 67 last for month sale as and of up 5.3 %
October from 57 was in October 60 , down of 10.4 last % year from . October 67 last month 2017 and Inventory up 5.3 % was at
80
80
70
Total Inventory & Month ' s Supply of Inventory ( MSI )
60.0
from its highest 57 in October level compared of last year with . October 2017 of Inventory 2016 and 2015 was at . its highest level compared with October of 2016 and 2015 .
70
60
50
60
50
40
50.0
40.0
40
A comparatively lower MSI is more beneficial for sellers while a
30
A higher comparatively
MSI is better lower for MSI buyers is more
. The beneficial
October for 2017 sellers
MSI while of 10.0
a higher MSI is better for buyers . The October 2017 MSI of 10.0
20 months was at its lowest level compared with October of 2016 months was at its lowest level compared with October of 2016
10 and 2015 . and 2015 .
0
30
20
10
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
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
30.0
20.0
10.0
0.0
A S O
47 46 43
44 4
39
37 5 3 4 5 6
49 49 52 50
57
57 52
56 52
49 44 49
52 50 52 52
37
6 5 3 7 57 52
7 57 55
4 56
6 67
58 52
7 0
58 6
67 63
6 63
55 63 63 62 60 62
5
62 67
9 60 60
6 62
9
5 6 5 1 8 4 6 7 8 5 4 1 4 5 3 4 5 6 6 5 3 7 7 4 6 7 0 6 6 5 9 6 9 8 3 6
67
3 Mo Avg
8
60 3 6
60.0 50.0
40.0 30.0 20.0 10.0 0.0
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Data is provided courtesy of Charleston Trident Association of REALTORS , Piedmont Regional Association of REALTORS , Sumter Board of REALTORS , Consolidated Multiple Listing Service and may not reflect all relevant real estate activity . Coldwell Banker Residentia 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 .