CAR ARCHIVED September 2017 | Page 8

Market Action Report September 2017
Market Action Report September 2017

IREDELL

County : Iredell

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
$ 1,549,950
-2%
4 %
Average List Price of all Current Listings
$ 1,877,979
-2%
1 %
September Median Sales Price
$ 1,430,000
-1%
0 %
22 %
11 %
$ 1,307,882
1 %
1 %
September Average Sales Price
$ 1,458,708
-9%
-4%
26 %
-2%
$ 1,522,143
4 %
2 %
Total Properties Currently for Sale ( Inventory )
82
9 %
-8%
September Number of Properties Sold
12
71 %
300 %
54
8 %
September Average Days on Market ( Solds )
69 -12% -34% -61% -49%
118
-17%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 296
6 %
1 %
5 %
-5%
$ 292
-9%
-6%
September Sold Price per Square Foot
$ 237
-14%
-5%
11 %
-15%
$ 267
0 %
-5%
September Month ' s Supply of Inventory
6.8 -36% -27% -77% -68%
16.1
-17%
-25%
September Sale Price vs List Price Ratio
86.4 % -11.7% -6.7% -2.7% -5.9%
92.1 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
14
September Property sales were 12 , up 300.0 % from 3 in
Property
September Sales of 2016 and 71.4 % higher than the 7 sales last month .
14
September Property 2017 sales sales were were at 12 their , up 300.0 highest % from level compared 3 in to
September of of 2016 2016 and and 71.4 2015 % higher . September than the YTD 7 sales sales last of month 54 are .
12
12
10
September running 8.0 2017 % ahead sales were of last at their year ' s highest year-to-date level compared sales of 50 to .
September of 2016 and 2015 . September YTD sales of 54 are
10
8
running 8.0 % ahead of last year ' s year-to-date sales of 50 .
8
6
6 4
Agent Name
Title Phone Website Other
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
4 2
2
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 $ 1,430,000 , up 22.2 %
Prices
Median Sales Price and Average Sales Price from $ 1,170,000 in September of 2016 and down 0.8 % from
2,800
3 Mo Avg
The Median Sales Price in September was $ 1,430,000 , up 22.2 %
$ 1,441,700 last month . The Average Sales Price in September from 1,170,000 in September of 2016 and down 0.8 % from
2,8002,600 was $ 1,458,708 , up 26.5 % from $ 1,153,333 in September of
$ 1,441,700 last month . The Average Sales Price in September
2,6002,400 was
2016 $ 1,458,708
and down , up
9.4 26.5
% from % from
$ 1,609,529 $ 1,153,333
last in September
month . September of
2,4002,200
2016
2017 and ASP down was 9.4 at a % mid from range $ 1,609,529 compared last month to September . September of 2016
2,2002,000
2017 and ASP 2015 was . at a mid range compared to September of 2016
2,0001,800 and 2015 .
1,8001,600
1,6001,400
1,4001,200
1,2001,000
1,000
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 82 , of up Properties 9.3 % from available 75 last for month sale as and of down 7.9 % 120
September was 82 , up 9.3 % from 75 last month and down 7.9 % 120
70.0 from 89 in September of last year . September 2017 Inventory 100 from 89 in September of last year . September 2017 Inventory
60.0 was at a mid level compared with September of 2016 and 2015 . 100 was at a mid level compared with September of 2016 and 2015 . 80
50.0 80
60 40.0
60
30.0 A comparatively lower MSI is more beneficial for sellers while a 40 A comparatively lower MSI is more beneficial for sellers while a 40
20.0 higher
higher MSI
MSI is is better
better for
for buyers
buyers . The
. The September
September 2017
2017 MSI
MSI of 6.8
of 6.8 20
20
10.0 months months was was at at its its lowest lowest level level compared compared with with September September of 2016 of 2016 and and 2015 2015 . .
0 0 0.0
O N OD NJ
DF MJ AF M AJ MJ AJ SJ OA NS DO JN FDMJ
A FMM J AJ MA JS JO AN SD OJ
NF MD AJ MF MJ JA AM SJ J A S
14 14 15 15
16 16
17 17
88 6
79 88
0
67 79 59
2 67
60 1 3
74 76
59 60
5 74
6 76
77 76
6 77
9 76
74 76
7 74
72 68
2 76
72 3
72 68 75
67 4 2
72 72 67
6 81 75
2 92
4 99
72
4
6 0 2 1 3 5 6 6 9 7 2 3 4 2 6 2 4 4 6 6 12
6
99 95
81 92
99 89
6 99 89
12 95 82
6 89
7 89
77 75
3 82 69
3 77 59
2 75
4
77 78 69
3
89 59
3
77 84 84
9
78 89 75
4 84
82 5
6 7 3 3 2 4 3 3 9 4 5 3 8 7
3 12
84
75 8
82 7 12
70.0 60.0 50.0
40.0 30.0 20.0 10.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
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Data is provided courtesy of Charlotte Regional REALTOR Association , Triad MLS , Inc . and may not reflect all relevant real estate activity . Coldwell Banker Residential Brokerage 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 .