CAR ARCHIVED September 2017 | Page 19

Market Action Report September 2017
Market Action Report September 2017

CHARLESTON

County : Charleston

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
$ 1,700,000
0 %
4 %
Average List Price of all Current Listings
$ 2,217,945
-0%
9 %
September Median Sales Price
$ 1,465,000
6 %
0 %
11 %
-1%
$ 1,502,500
2 %
2 %
September Average Sales Price
$ 1,528,564
-10% -16%
-6%
-13%
$ 1,820,841
4 %
3 %
Total Properties Currently for Sale ( Inventory )
451
-2%
5 %
September Number of Properties Sold
25 -43%
-29%
360
22 %
September Average Days on Market ( Solds )
126 -18%
-8%
-27%
-7%
137
-4%
1 %
Asking Price per Square Foot ( based on New Listings )
$ 535
17 %
8 %
13 %
3 %
$ 508
-1%
-2%
September Sold Price per Square Foot
$ 420
-13% -12%
-7%
-11%
$ 482
4 %
3 %
September Month ' s Supply of Inventory
18.0
73 %
32 %
47 %
20 %
12.7
-13%
-16%
September Sale Price vs List Price Ratio
90.3 % -2.0% -1.5% -2.0%
-. 5 %
91.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales September Property sales were 25 , down 28.6 % from 35 in September of 2016 and 43.2 % lower than the 44 sales last Property month . September
Sales
2017 sales were at their lowest level 70 September Property sales were 25 , down 28.6 % from 35 in compared to September of 2016 and 2015 . September YTD September of 2016 and 43.2 % lower than the 44 sales last 60 sales of 360 are running 22.0 % ahead of last year ' s year-to-date month . September 2017 sales were at their lowest level sales of 295 . compared to September of 2016 and 2015 . September YTD 50 sales of 360 are running 22.0 % ahead of last year ' s year-to-date sales of 295 . 40 30 20
70 60 50 40 30 20 10
22 9
22
400 378
9
Number of Properties Sold
18 20 21 25 29 39 42 33 21 30 25 20 31 13 32 21 24 43 55 33 39 35 29 23 25 27 24 42 33 65 62 38 44 25
354 368
18
Agent Name
Title Phone Website Other
20
387 354 368
21
386
395 25 29
392
389 39 42
376 353
33
363 350
21 344
30
Number of Properties Sold
10
0
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
J
F M A M J
J
A
S
0
14
15
16
17
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
J
F M A M J
J
A
S
Prices
14
15
Median Sales
16 Price and Average Sales
17 Price
3 Mo Avg
The Median Sales Price in September was $ 1,465,000 , up 11.4 %
Prices
2,200 from $ 1,315,000 in September of 2016 and up 5.6 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The Median Sales Price in September was $ 1,465,000 , up 11.4 %
2,100
$ 1,387,500 last month . The Average Sales Price in September
2,200 from was $ 1,315,000 1,528,564 in , down September 6.3 % from of 2016 $ 1,631,354 and up 5.6 in % September from of
2,000
2,100
$
2016 1,387,500 and down last month 9.7 %. from The Average $ 1,692,407 Sales last Price month in September . September
1,900 was $ 1,528,564 , down 6.3 % from $ 1,631,354 in September of
2,000
2017 ASP was at the lowest level compared to September of
1,800
2016 and down 9.7 % from $ 1,692,407 last month . September
1,900
2016 and 2015 .
1,700
2017 ASP was at the lowest level compared to September of
1,800
1,600
2016 and 2015 .
1,700
1,500
1,600
1,500
1,400
1,4001,300
1,3001,200
1,200
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
J
F M A M J
J
A S
O
N14D
J
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
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
Total Inventory & Month ' s Supply of Inventory ( MSI )
The
September Total Inventory was 451 of , down Properties 1.5 % available from 458 for last sale month as of and up
600
September
4.9 % from was 430451 in , September down 1.5 % from of last 458 year last . September month and up 2017
600
500
4.9
Inventory % from 430 was in at September its highest of level last compared year . September with September 2017 of
500
Inventory
2016 and was 2015 at . its highest level compared with September of
400
2016 and 2015 .
400
300
300
A comparatively lower MSI is more beneficial for sellers while a
200
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The September 2017 MSI of higher
18.0 months MSI is better was at for its buyers highest
. The level
September compared
2017 with
MSI September of
100
100
18.0 months was at its highest level compared with September of 2016 and 2015 .
0 of 2016 and 2015 .
0
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 J
F M A M J
O
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
14
15
16
17
14
15
16
17
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
J
A S
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
400 378
387 386 395 392 389 376 353 363
25
350
327
343 20 31
344 377 327
434
343 13 32
433 377 448
434 21 433
24
449 434
448 430
43 449
55 434
430 422
33 430
39 430
415 397
35 422
29 415
394 428
23 25
465 485
397
27
394
472 428
24
465
482 477
42
485
3 Mo Avg
472 33
482
458 451
65 477
62 458
3 Mo Avg
38
451 44 25
Copyright © Coldwell Banker Residential Brokerage | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con 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 Residential B 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 .
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