CAR ARCHIVED March 2017 | Page 16

Market Action Report March 2017
Community Information | School District
Market Action Report March 2017

County : Gaston

Price Range : All | 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
$ 217,250
11 %
41 %
Average List Price of all Current Listings
$ 272,067
6 %
37 %
March Median Sales Price
$ 160,990
2 %
1 %
15 %
6 %
$ 158,840
12 %
5 %
March Average Sales Price
$ 172,194
7 %
1 %
9 %
1 %
$ 168,754
5 %
-1%
Total Properties Currently for Sale ( Inventory )
566 -10%
-33%
March Number of Properties Sold
273
43 %
22 %
652
14 %
March Average Days on Market ( Solds )
67
-3%
0 %
-23%
-8%
68
-22%
-7%
Asking Price per Square Foot ( based on New Listings )
$ 97
0 %
1 %
7 %
4 %
$ 97
10 %
4 %
March Sold Price per Square Foot
$ 89
6 %
2 %
11 %
3 %
$ 88
7 %
1 %
March Month ' s Supply of Inventory
2.1 -37% -30% -46% -38%
3.0
-37%
-12%
March Sale Price vs List Price Ratio
96.7 %
. 8 %
. 5 %
4.8 % 1.6 %
96.7 %
4 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
350 March Property sales were 273 , up 22.4 % from 223 in March of 2016 and 42.9 % higher than the 191 sales last month . March 300 Property 2017 sales Sales were at their highest level compared to March of 2016 350 March and 2015
Property . March sales YTD were sales
273 , of up 652 22.4 are % from running
223 14.4 in March
% ahead of of 250
2016 and 42.9 % higher than the 191 sales last month . March last year ' s year-to-date sales of 570 .
300 2017 sales were at their highest level compared to March of 2016 200 and 2015 . March YTD sales of 652 are running 14.4 % ahead of 250 last year ' s year-to-date sales of 570 .
150 200
100
150 100

Gaston

Agent Name
50
Number of Properties Sold
50
0
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 N D
J
F M
0
14
15
16
17
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 N D
J
F M
Prices
Median Sales Price and Average Sales Price
14
15
16
17
3 Mo Avg
The Median Sales Price in March was $ 160,990 , up 15.1 % from
Prices
200
$ 139,900 in March of 2016 and up 1.9 % from $ 158,000 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in March Price was in $ March 160,990 was , up $ 172,194 15.1 % from , up
190
200
$
9.2 139,900 % from in March $ 157,732 of 2016 in March and up of 2016 1.9 % from and up $ 158,000 6.9 % from last
180 month . The Average Sales Price in March $ 172,194 , up
190
$ 161,137 last month . March 2017 ASP was at the highest level
170
9.2 % from $ 157,732 in March of 2016 and up 6.9 % from
180 compared to March of 2016 and 2015 .
160
$ 161,137 last month . March 2017 ASP was at the highest level
170
150 compared to March of 2016 and 2015 .
160
140
150
130
140
120
130
120
110
110
100
100
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 N D
J
F M
205 197 208 236 226 197 201 177 194 165 173 203 223 237 270 294 206 262 211 200 220 164 183 223 261 280 312 235 297 255 250 245 261 188 191 273
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 N D
J
F M
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 March
The was Total 566 , Inventory down 9.7 % of from Properties 627 last available month for and sale down as of 33.5 March % from
1,400 was 851566 in , March down 9.7 of last % from year 627 . March last month 2017 and Inventory down 33.5 was % at from its
1,4001,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
851 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at . its
1,2001,000 lowest level compared with March of 2016 and 2015 .
1,000
800
800
600
A comparatively lower MSI is more beneficial for sellers while a
600
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial March for 2017 sellers MSI while of 2.1 a
400 higher months MSI was is better at its lowest for buyers level . The compared March with 2017 March MSI of of 2.12016 and
200 months was at its lowest level compared with March of 2016 and
200
2015 .
0
2015 .
0
A
M J
M J
14
J A S O N D J
F M A M J
F M A M J
15
J A S O N D J
F M A M J
F M A M J
16
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
J A S O N D J
F M
F M
17
1,296 1,304 1,327 1,316 1,298 1,321 1,258 1,194 1,127 1,122 1,145
A
14
205 197 208
Title Phone Website Other

Community Information | School District

14
236 226 197 201 177
1,296 1,304 1,327 1,316 1,298 1,321 1,258 1,194
J A S O N D J 15
194 1,127
165
15
173
Number of Properties Sold
203 223 237 270 294 206 262 211
1,126 1,119 1,104 1,069 1,114 1,138 1,087 1,068 1,023 965 927 861
J A S O N D J
16
200 220
1,122 1,145 1,126 1,119 1,104 1,069 1,114 1,138 1,087 1,068 1,023 965 927
164
16
183
861
851 223 261 280 312 235 297 255
851 820 806 812 802 796 774 742 729 668 668 627 566
J A S O N D J 17
3 Mo Avg
250 245 261
820 806 812 802 796 774 742 729 668 668
3 Mo Avg
188
17
191
627 566
273
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
16 | 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 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 .