DFW ARCHIVED April 2016 | Page 8

Cherokee Community Information | School District

Cherokee Community Information | School District

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
$ 174,995
1 %
26 %
Average List Price of all Current Listings
$ 277,295
-10%
15 %
April Median Sales Price
$ 136,000
-24%
2 %
14 %
15 %
$ 133,000
15 %
13 %
April Average Sales Price
$ 189,583
1 %
14 %
33 %
25 %
$ 166,231
24 %
10 %
Total Properties Currently for Sale ( Inventory )
159
7 %
17 %
April Number of Properties Sold
21
0 %
-13%
72
-3%
April Average Days on Market ( Solds )
89
-16%
-7%
-18% -28%
96
-24%
-22%
Asking Price per Square Foot ( based on New Listings )
$ 99
8 %
6 %
9 %
10 %
$ 93
12 %
3 %
April Sold Price per Square Foot
$ 92
12 %
9 %
42 %
22 %
$ 84
24 %
12 %
April Month ' s Supply of Inventory
7.6
7 %
-7%
34 %
-16%
8.5
-5%
-6%
April Sale Price vs List Price Ratio
93.4 %
3.4 % 3.3 % 1.6 %
4.3 %
90.5 %
-1%
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher ( up ), lower ( down ) or unchanged ( flat )
3 Mo Avg
Property Sales April Property sales were 21 , down 12.5 % from 24 in April of 2015 and the same as the 21 sales last month . April 2016 sales were at a mid level compared to April of 2015 and 2014 . April YTD sales of 72 are running 2.7 % behind last year ' s year-to-date sales of 74 .
35 30 25 20
Number of Properties Sold
3 Mo Avg
15
10
5
Prices The Median Sales Price in April was $ 136,000 , up 13.8 % from $ 119,500 in April of 2015 and down 24.4 % from $ 180,000 last month . The Average Sales Price in April was $ 189,583 , up 33.2 % from $ 142,350 in April of 2015 and up 0.6 % from $ 188,379 last month . April 2016 ASP was at the highest level compared to April of 2015 and 2014 .
0
350 300 250 200 150 100 50
15 26 18 26 10 29 10 15 14 14 10 20 31 32 15 11 20 20 21 15 15 11 24 24 32 14 29 14 24 13 18 15 15 15 21 21
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
J
F M A
13
14
15
16
Median Sales Price and Average Sales Price
3 Mo Avg
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
J
F M A
13
14
15
16
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of April was 159 , up 6.7 % from 149 last month and up 16.9 % from 136 in April of last year . April 2016 Inventory was at a mid level compared with April of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The April 2016 MSI of 7.6 months was at a mid level compared with April of 2015 and 2014 .
250 200 150 100 50 0
250
200
150
195
100
50
213
201 195
218 213
Total Inventory & Month ' s Supply of Inventory ( MSI )
208 201
207 218
211 208
207
181
211
178
172
181
179 178
172
172 184
179 188 172 184
184 179
188
158 158
184
155 179
146 158
156 158
153 155
146 146
136 156
145 153
148 146
136 162
145 172
148
176 172 162 169
172 147
176 147
172 145
169
149 147 159 147
0
0.0
M
J
MJ
AJ
SJ
OA NS DO JN FD
MJ
AF MJ
AJMA JS JO AN SD
OJ
NF MD
AJ
MF MJ JA AM SJ
OJ
NA DS JOFNM DA
J
F M A
13
13
14
14
15
15
16
16
25.0
20.0
15.0
145
10.0
5.0
149
159
25.0 20.0 15.0 10.0 5.0 0.0
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