Market Action Report
County: Cherokee
Cherokee
Agent Name
Market Action Report
County: Cherokee
July 2016
July 2016
Title
Phone
Agent
Name
Website
TitleOther
Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Website
Month
Other
$189,500
Market Profile & Trends Overview
Median
Price
all Current Listings
Price
Range: AllList
| Properties:
SFHof
- Con
LM
Trending versus*:
L3M PYM
LY
Trending versus*:
Prior YTD Prior Year
YTD
-1%
36%
Trending versus*:
$288,115 Trending
-3% versus*:
18%
Month
LM -11%
L3M -7%
PYM -5%
LY -7% YTD
Prior YTD 8%
Prior Year 5%
$110,000
$124,175
$189,500 -1%
36%
$140,052 -6% -6% -24% -7%
$151,698
11%
0%
$288,115 -3%
18%
184 15%
12%
$110,000 -11% -7% -5% -7%
$124,175
8%
5%
21 11%
-28%
146
-2%
$140,052 -6% -6% -24% -7%
$151,698
11%
0%
97 -22%
-21%
184 107
15% -12% 10%
12% -25% -13%
$92
-7%
-5%
14%
2%
$94
6%
4%
21 11%
-28%
146
-2%
$80
9%
9%
-3%
7%
$78
13%
4%
107 -12% 10% -25% -13%
97 -22%
-21%
8.8
4%
18%
54%
-6%
8.0
-3%
-14%
$92 -7% -5% 14% 2%
$94
6%
4%
1%
$8085.4%
9% -11.6%
9% -5.2%
-3% -2.8%
7% -4.6% $78 90.0%
13% 1% 4%
Average List Price of all Current Listings
Market
Profile
& Trends
July Median
Sales
Price Overview
Median List Price of all Current Listings
July Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
July Median Sales Price
July Number of Properties Sold
July Average Sales Price
July Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking
Priceofper
Square Foot
July
Number
Properties
Sold (based on New Listings)
JulyAverage
Sold Price
July
Daysper
onSquare
Market Foot
(Solds)
July Month's
Inventory
Asking
Price perSupply
SquareofFoot
(based on New Listings)
JulySold
SalePrice
Priceper
vsSquare
List Price
July
FootRatio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
8.8 4% 18% 54% -6%
8.0
-3%
-14%
85.4% -11.6% -5.2% -2.8% -4.6%
1% Sold 1%
Number of90.0%
Properties
July Month's Supply of Inventory
July Sale Price vs List Price Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
21
19
30
24
22
15
15
15
18
13
24
14
29
14
32
24
24
11
15
15
21
20
20
11
15
32
31
20
10
14
14
15
21
19
30
24
22
15
15
15
18
13
24
14
29
14
32
24
24
11
15
15
21
20
20
11
15
32
31
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 M J J
13
14
15
16
20
0
10
0
10
5
14
5
29
10
14
10
15
15
10
15
26
20
20
10
25
3 Mo Avg
25
26
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 M J J
Median Sales Price
and Average Sales Price
13
14
15
16
3 Mo Avg
Prices
The Median Sales Price in July was $110,000, down 5.2% from
350
Prices
$116,000 in July of 2015 and down 11.3% from $124,000 last
The
Median
Sales
Price Sales
in JulyPrice
was $110,000,
5.2% from
month.
The
Average
in July wasdown
$140,052,
down 350 300
$116,000 in July of 2015 and down 11.3% from $124,000 last
23.6% from $183,338 in July of 2015 and down 5.7% from
month. The Average Sales Price in July was $140,052, down
300 250
$148,558 last month. July 2016 ASP was at a mid range
23.6% from $183,338 in July of 2015 and down 5.7% from
compared to July of 2015 and 2014.
$148,558 last month. July 2016 ASP was at a mid range
250
200
compared to July of 2015 and 2014.
200
150
100
50
100
50
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 M J J
14 A M J J A S O N D J F M15A M J J A S O N D J F M A16M J J
A S 13
O N D J F M
13
14
15
16
Inventory & MSI
A comparatively lower MSI is more beneficial for sellers while 100
a
A comparatively lower MSI is more beneficial for sellers while a
higherMSI
MSI
better
buyers.
2016
of 8.8
higher
is is
better
forfor
buyers.
TheThe
JulyJuly
2016
MSIMSI
o