CAR ARCHIVED October 2017 | Page 21

Market Action Report
October 2017
County: Charleston
CHARLESTON
Market Action Report
Agent Name
October 2017
Title
Phone
Agent Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$1,695,000
-0%
3%
Community
Information | School District
County: Charleston
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median
List Price
all Current
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Trending versus*:
Prior YTD Prior Year
YTD
versus*:
Trending versus*:
$2,237,879 Trending
1%
8%
Month
LM L3M PYM
LY
Prior YTD Prior Year
$1,350,000
-8% -1% -10%
-8% YTD
$1,500,000
1%
2%
$1,695,000 -0%
3%
$1,647,319 8% -7% -8% -6% $1,809,573
3%
3%
$2,237,879 1%
8%
438 -3%
4%
$1,350,000 -8% -1% -10% -8% $1,500,000
1%
2%
25 0%
-14%
385
19%
$1,647,319 8% -7% -8% -6% $1,809,573
3%
3%
137
-3%
1%
438 130
-3% 3% 1%
4% 0% -4%
$580
7%
11%
8%
12%
$517
0%
0%
25 0%
-14%
385
19%
October
Sold
Price
per
Square
Foot
$448
7%
-3%
-0%
-5%
$480
3%
2%
October Average Days on Market (Solds)
130 3% 1% 0% -4%
137
-3%
1%
October
Month's
Supply
of
Inventory
17.5
-3%
15%
20%
17%
13.1
-10%
-13%
Asking Price per Square Foot (based on New Listings)
$580 7% 11% 8% 12%
$517
0%
0%
October Sold
Sale Price
Price per
vs Square
List Price
1%
October
Foot Ratio
$448 92.1%
7% 2.0%
-3% .4%
-0% .5%
-5% 1.5% $480 91.5%
3% 1% 2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
October Month's Supply of Inventory
17.5 -3% 15% 20% 17%
13.1 -10%
-13%
of 91.5%
Properties
October Sale Price vs List Price Ratio
92.1% 2.0% .4% .5% Number
1.5%
1% Sold 1%
Average List Price of all Current Listings
Market Profile & Trends Overview
October Median Sales Price
Median List Price of all Current Listings
October Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
October Median Sales Price
October Number of Properties Sold
October Average 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
40
30
21
33
Median Sales Price and Average Sales Price
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)
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
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
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
15
16
17
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
600
The
Total Inventory
of Properties
available
for month
sale as of
October
was 438, down
3.1% from
452 last
and up 3.8%
600
October
was in 438,
down of
3.1%
last month
up 3.8% was at
from 422
October
last from
year. 452
October
2017 and
Inventory
500
from
422 in October
of last year.
Inventory
was at 500
its highest
level compared
with October
October 2017
of 2016
and 2015.
400
its highest level compared with October of 2016 and 2015.
1,200
400
The Median Sales Price in October was $1,350,000, down 10.0%
2,200
Prices
from $1,500,000 in October of 2016 and down 7.8% from
The
Median Sales
in October
was $1,350,000,
10.0% was 2,100
$1,465,000
last Price
month.
The Average
Sales Price down
in October
2,200
from
$1,500,000
in 7.8%
October
of 2016
and down
7.8% from
$1,647,319,
down
from
$1,786,136
in October
of 2016 and 2,100 2,000
$1,465,000
last
month.
The
Average
Sales
Price
in
October
was
up 7.8% from $1,528,564 last month. October 2017 ASP was at 2,000 1,900
$1,647,319,
down
7.8% from
$1,786,136
in October
of 2016 and
1,800
a mid range
compared
to October
of 2016
and 2015.
1,900
up 7.8% from $1,528,564 last month. October 2017 ASP was at
1,700
1,800
a mid range compared to October of 2016 and 2015.
1,600
1,700
1,600 1,500
1,500 1,400
1,400 1,300
1,300 1,200
300
300
A comparatively lower MSI is more beneficial for sellers while a 200
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
for 2017
sellers
while
a 200
MSI is better
October
MSI
of 17.5
100
higher MSI is better for buyers. The October 2017 MSI of 17.5
months was at its highest level compared with October of 2016 100
months was at its highest level compared with October of 2016
0
and 2015.
0
and 2015.
N
14
Coldwell Banker Global Luxury
Prices
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
0
0
20
20 10
10
3 Mo Avg
50
30
Number of Properties Sold
60
October Property sales were 25, down 13.8% from 29 in October
of 2016 and the same as the 25 sales last month. October 2017
Property Sales
70
sales were at their lowest level compared to October of 2016 and
October Property sales were 25, down 13.8% from 29 in October
2015. October YTD sales of 385 are running 18.8% ahead of last
of 2016 and the same as the 25 sales last month. October 2017
60
year's year-to-date sales of 324.
sales were at their lowest level compared to October of 2016 and
2015. October YTD sales of 385 are running 18.8% ahead of last 50
year's year-to-date sales of 324.
40
70
Property Sales
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
SM
Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and | Property
Up | Property
SFH - Con
Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and Up
Types: Typ