Market Action Report
County: Cherokee
Market Action Report
May 2016
Cherokee
Agent Name
May 2016
Title
Phone
Agent
Name
Website
TitleOther
County: Cherokee Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Website
Month
Other
$225,000
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
22%
62%
Trending versus*:
$296,993 Trending
3% versus*:
43%
Month
LM -24%
L3M -20%
PYM 7%
LY -16% YTD
Prior YTD 13%
Prior Year 7%
$99,000
$126,000
$225,000 22%
62%
$135,942 -24% -13% 25% -10%
$155,564
23%
3%
$296,993 3%
43%
165 14%
12%
$99,000 -24% -20% 7% -16%
$126,000
13%
7%
30 30%
-6%
105
-1%
$135,942 -24% -13% 25% -10%
$155,564
23%
3%
86 1% 1%
92 -26%
-25%
165 14%
12% -26% -30%
$111
14%
11%
25%
23%
$97
15%
8%
30 30%
-6%
105
-1%
$62
-29%
-19%
-1%
-18%
$78
18%
4%
86 1% 1% -26% -30%
92 -26%
-25%
5.5
-13%
-11%
20%
-40%
7.7
-6%
-17%
$111 14% 11% 25% 23%
$97
15%
8%
0%
$6288.4%
-29%-2.9%
-19% -1.8%
-1% -1.0%
-18% -1.2% $78 89.6%
18% -1% 4%
Average List Price of all Current Listings
Market
Profile
& Trends
May Median
Sales
Price Overview
Median List Price of all Current Listings
May Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
May Median Sales Price
May Number of Properties Sold
May Average Sales Price
May Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking
Priceofper
Square Foot
May
Number
Properties
Sold (based on New Listings)
MayAverage
Sold Price
May
Daysper
onSquare
Market Foot
(Solds)
May Month's
Inventory
Asking
Price perSupply
SquareofFoot
(based on New Listings)
MaySold
SalePrice
Priceper
vsSquare
List Price
May
FootRatio
* 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)
5.5 -13% -11% 20% -40%
7.7
-6%
-17%
88.4% -2.9% -1.8% -1.0% -1.2%
-1% Sold 0%
Number of89.6%
Properties
May Month's Supply of Inventory
May Sale Price vs List Price Ratio
3 Mo Avg
* 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)
30
23
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
10
29
30
23
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
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 M
13
14
15
16
14
0
14
0
10
5
15
5
26
10
10
10
29
15
18
15
26
20
20
10
25
3 Mo Avg
25
26
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 M
Median Sales Price15and Average Sales Price
13
14
16
3 Mo Avg
Prices
The Median Sales Price in May was $99,000, up 7.0% from
350
Prices
$92,500 in May of 2015 and down 23.8% from $130,000 last
The
Median
Sales
Price Sales
in MayPrice
was $99,000,
up$135,942,
7.0% fromup 24.6%
month.
The
Average
in May was
350 300
$92,500 in May of 2015 and down 23.8% from $130,000 last
from $109,109 in May of 2015 and down 24.1% from $179,026
month. The Average Sales Price in May was $135,942, up 24.6% 300
last month. May 2016 ASP was at a mid range compared to May 250
from $109,109 in May of 2015 and down 24.1% from $179,026
of 2015 and 2014.
last month. May 2016 ASP was at a mid range compared to May 250
200
of 2015 and 2014.
200
150
100
50
100
50
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 M
14 A M J J A S O N D J F M 15
J J 13
A S O N D J F M
A M J J A S O N D J F M A16M
13
14
15
16
Inventory & MSI
A comparatively lower MSI is more beneficial for sellers while 100
a
A comparatively lower MSI is