CAR ARCHIVED March 2017 | Page 18

Market Action Report
Iredell
County: Iredell
Agent Name
Market Action Report
County: Iredell
March 2017
Title
Phone
Agent
Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$375,250
8%
15%
March 2017
Community Information | School District
Price Range: All | Properties: SFH - Con
Market Profile & Trends Overview
Median
Price
of - Con
all Current Listings
Price
Range: All List
| Properties:
SFH
$517,988 Trending
11% versus*:
8%
L3M 9%
PYM 25%
LY
17%
$375,250 8%
15%
$317,455 19% 8% 29%
$517,988 11%
8%
984 6%
-7%
$255,245 17% 9% 25% 14%
272 84%
31%
$317,455 19% 8% 29% 9%
83 6% 5% -15%
984 6%
-7%
$142
13% 9%
-2%
272 84%
31%
$121
13%
5%
17%
83 6% 5% -15% 8%
$142 3.6
13% -42%
9% -30%
-2% -29%
10%
$121 95.3%
13% -.4%
5% .7%
17% 1.6%
7%
Average List Price of all Current Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median List Price of all Current Listings
March Average Sales Price
Average List Price of all Current Listings
Total Properties Currently for Sale (Inventory)
March Median Sales Price
March Number of Properties Sold
March Average Sales Price
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
March Sold Price per Square Foot
March Average Days on Market (Solds)
March Price
Month's
Supply Foot
of Inventory
Asking
per Square
(based on New Listings)
Month
LM
$255,245
March Sold
Sale Price
Price per
vs Square
List Price
March
Foot Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
YTD
Prior YTD 24%
Prior Year 10%
$245,000
14%
9%
$304,200
$245,000
24%
583
$304,200
17%
8%
79
10%
$131
583
11%
7%
79 $117
-16%
-22% $131
5.1
-3%
.7% $117 95.1%
10%
17% 5%
10%
11%
5%
-16%
-3%
10% 3%
-15% 2%
2% 4% 3%
2%
4%
10%
0%
3.6 -42% -30% -29% -22%
5.1 -15%
10%
of 95.1%
Properties
95.3% -.4% .7% 1.6% Number
.7%
2% Sold 0%
March Month's Supply of Inventory
March Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
400
March Property sales were 272, up 30.8% from 208 in March of
350
2016 and 83.8% higher than the 148 sales last month. March
Property
400
2017 sales Sales
were at their highest level compared to March of 2016
300
March
Property
sales
were
272, of up 583
30.8%
from 208 10.6%
in March
of of
and 2015.
March
YTD
sales
are running
ahead
350
2016 and 83.8% higher than the 148 sales last month. March
last year's year-to-date sales of 527.
250
3 Mo Avg
Number of Properties Sold
3 Mo Avg
2017 sales were at their highest level compared to March of 2016
300
and 2015. March YTD sales of 583 are running 10.6% ahead of
200
last year's year-to-date sales of 527.
250
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
3 Mo Avg
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
15 A M J J A S O N D J F M 16 A M J J A S O N D J F M 17
S O N D J F M
15
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell
Residential
c o Banker
ldw
e l l Brokerage
b a n k | Price
e r Range:
h o All
m | e Property
s c Types:
o m 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
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
warrant
or guarantee
accuracy
of this
information.
It is responsibility
the responsibility
any or
buyer
or to seller
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
information.
It is the
of any of buyer
seller
verify to any
and any
all information
relevant relevant
to such consumer’s
real estate real
transaction.
.
205
160
Median Sales Price and Average Sales Price
1,600
was Total
984, Inventory
up 6.5% from
924 last available
month and
down
from
The
of Properties
for sale
as 7.2%
of March
1,060
March
last 924
year.
Inventory
was at its 1,600 1,400
was
984, in up
6.5% of
from
last March
month 2017
and down
7.2% from
1,400 1,200
lowest
compared
with
March
of 2016
and 2015.
1,060
in level
March
of last ye ar.
March
2017
Inventory
was at its
lowest level compared with March of 2016 and 2015.
1,200 1,000
1,000 800
800 600
A comparatively lower MSI is more beneficial for sellers while a 600
400
A higher
comparatively
lower for
MSI buyers.
is more The
beneficial
sellers
a
MSI is better
March for
2017
MSI while
of 3.6
higher
MSI
is better
for buyers.
March with
2017 March
MSI of of
3.6 2016 and 400 200
months
was
at its lowest
level The
compared
200
months
0
2015. was at its lowest level compared with March of 2016 and
0
2015.
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
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
14
15
16
17
18 |
274
14
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
15
16
17
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
Median
Sales
Price
and
Average
Sales
Price
3 Mo Avg
15
16
17
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
J F M
17
Prices
The Median Sales Price in March was $255,245, up 25.1% from
Prices
$204,050 in March of 2016 and up 17.1% from $217,965 last
The
Median
Sales
Price Sales
in March
was
25.1% from
month.
The
Average
Price
in $255,245,
March was up $317,455,
up 350
$204,050
in March
of 2016
and up of 17.1%
$217,965
29.4% from
$245,367
in March
2016 from
and up
18.9% last
from
month.
The last
Average
Sales
Price 2017
in March
up level 330
$266,994
month.
March
ASP was
was $317,455,
at the highest
310
29.4%
from to
$245,367
of 2016
compared
March in
of March
2016 and
2015. and up 18.9% from
290
$266,994 last month. March 2017 ASP was at the highest level
270
compared to March of 2016 and 2015.
250
230
210
190
170
150
A M J
14
A M J J A
14
350
330
310
290
270
250
230
210
190
170
150
A M J
A M 14 J J A
0
0
50
50
100
100
150
150
200
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0