DFW ARCHIVED October 2016 | Page 8

Market Action Report October 2016
Phone Community Information | School District

County : Cherokee

Price Range : All | Properties : SFH - Con

Cherokee

Agent Name
Market Action Report October 2016

Phone 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
$ 189,250
-2%
36 %
Average List Price of all Current Listings
$ 261,214
-2%
0 %
October Median Sales Price
$ 135,000
-35%
0 %
-59%
14 %
$ 126,500
7 %
7 %
October Average Sales Price
$ 215,718
-5%
17 % -27%
43 %
$ 167,957
12 %
11 %
Total Properties Currently for Sale ( Inventory )
166
5 %
-7%
October Number of Properties Sold
22 -35%
69 %
230
15 %
October Average Days on Market ( Solds )
113
26 %
6 %
47 %
-8%
101
-16%
-18%
Asking Price per Square Foot ( based on New Listings )
$ 86
-17% -12% -2%
-3%
$ 95
6 %
7 %
October Sold Price per Square Foot
$ 89
-6%
7 %
-27%
19 %
$ 80
10 %
7 %
October Month ' s Supply of Inventory
7.5
62 %
28 % -45% -19%
7.3
-20%
-21%
October Sale Price vs List Price Ratio
92.1 %
1.2 % 3.5 % -4.1% 2.9 %
89.9 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Title
Website Other
Number of Properties Sold
Property Sales
40
October Property sales were 22 , up 69.2 % from 13 in October of
2015 and 35.3 % lower than the 34 sales last month . October
35
Number of Properties Sold
3 Mo Avg
Property
2016 sales Sales were at their highest level compared to October of
40
October
2015 and Property 2014 . sales October were YTD 22 , up sales 69.2 of % 230 from are 13 running October 15.0 of %
30
2015 ahead and of 35.3 last % year lower ' s year-to-date than the 34 sales last of 200 month . . October
35
25
2016 sales were at their highest level compared to October of
2015 and 2014 . October YTD sales of 230 are running 15.0 %
30
20
ahead of last year ' s year-to-date sales of 200 .
25
15
20
10
15
5
10
0
5
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
0
13
14
15
16
Prices
N
D
J
F M A M J
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
The Median Sales Price in October was $ 135,000 , down 59.3 %
13
14
15
16
350
Prices from $ 331,500 in October of 2015 and down 34.5 % from
Median Sales Price and Average Sales Price
The
$ 206,250 Median last Sales month Price . in The October Average was Sales $ 135,000 Price , down in October 59.3 % was
350
300 from
$ 215,718 $ 331,500 , down in October 27.5 % from of 2015 $ 297,346 and down in October 34.5 % from of 2015 and
J
A S O
3 Mo Avg
3 Mo Avg
$ down 206,250 4.8 last % from month $ 226,618 . The Average last month Sales . Price October in October 2016 ASP was was
300
$ at 215,718 a mid , down range 27.5 compared % from to $ 297,346 October in of October 2015 and of 2015 2014 and .
250
down 4.8 % from $ 226,618 last month . October 2016 ASP was
250
200
at a mid range compared to October of 2015 and 2014 .
200
150
10 15 14 14 10 20 31 32 15 11 20 20 21 15 15 11
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 22 23 31 19 22 27 34 22
24 24 32 14 29 14 24 13 18 15 15 15 22 23 31 19 22
3 Mo Avg
27 34 22
150 100 50
Inventory & MSI
Inventory The Total Inventory & MSI of Properties available for sale as of The October Total Inventory was 166 , up of Properties 5.1 % from available 158 last month for sale and as of down 7.3 % October from 179 was in 166 October , up 5.1 of % last from year 158 . last October month 2016 and Inventory down 7.3 % was at 250 from a mid 179 level in October compared of last with year October . October of 2015 2016 and Inventory 2014 . was at
200 a mid level compared with October of 2015 and 2014 .
150
A comparatively lower MSI is more beneficial for sellers while 100 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2016 sellers MSI while of a 7.5
higher months MSI was is better at its lowest for buyers level . The compared October with 2016 October MSI of 7.5 of 2015 50 months and 2014 was . at its lowest level compared with October of 2015 and 2014 .
0
100
50 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 13 14
15
16 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 13 14
15
16
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI ) 250
25.0
25.0 200
20.0
20.0 150
15.0
15.0
100 10.0
10.0
50 5.0
5.0
0 0.0
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
0.0 A S O
N D
13
J F 14 M A M J J A S O N D J F M 15 A M J J A S O N D J F M A
16 M J J A S O
13 14 15
16
211
181 211 178
181
172
179 178
172 172
185 179
189 172
185 185 180 189
159 185
159 180
156 159
148 159
158 156
155
148 149 139
158
148 155
151 149
139 165
148 177
151 181
179 165
175 177
152 181
155 179
153 175 151 152
152 155
161
153 165 151
164 152
148 161
158
165 166
164
148 158 166
8 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con Data is provided courtesy of North Texas Real Estate Information Systems , Inc ., Greater Tyler Association of REALTORS 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 .