CAR ARCHIVED March 2017 | Page 20

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

County : Lincoln

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
$ 330,000
2 %
1 %
Average List Price of all Current Listings
$ 420,916
4 %
10 %
March Median Sales Price
$ 248,450
-10% -11%
8 %
-4%
$ 272,500
18 %
6 %
March Average Sales Price
$ 265,882
-6%
-9%
10 %
-10%
$ 291,884
12 %
-1%
Total Properties Currently for Sale ( Inventory )
339
-6%
-11%
March Number of Properties Sold
116
71 %
59 %
273
74 %
March Average Days on Market ( Solds )
71
-3%
4 %
-24%
-1%
68
-35%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 139
1 %
1 %
9 %
9 %
$ 139
12 %
9 %
March Sold Price per Square Foot
$ 114
-10% -7%
7 %
-6%
$ 124
11 %
2 %
March Month ' s Supply of Inventory
2.9 -45% -28% -44% -38%
4.1
-48%
-13%
March Sale Price vs List Price Ratio
96.4 %
-. 1 %
. 5 %
2.6 % 1.2 %
96.4 %
2 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Lincoln

Property Sales
160
March Property sales were 116 , up 58.9 % from 73 in March of
2016 and 70.6 % higher than the 68 sales last month . March
140
Property
2017 sales Sales were at their highest level compared to March of
20160
March Property sales were 116 , up 58.9 % from 73 in March of
120 and 2015 . March YTD sales of 273 are running 73.9 % ahead of
2016 and 70.6 % higher than the 68 sales last month . March
140 last year ' s year-to-date sales of 157 .
100
2017 sales were at their highest level compared to March of 2016
120 and 2015 . March YTD sales of 273 are running 73.9 % ahead of
80
Number of Properties Sold
3 Mo Avg
last year ' s year-to-date sales of 157 .
100
60
80
40
60
20
40
20
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 $ 248,450 , up 8.0 % from
Prices
350
$ 230,000 in March of 2016 and down 10.1 % from $ 276,375 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 248,450 was , up $ 265,882 8.0 % from , up
330
350
$
9.7 230,000 % from in $ March 242,331 of 2016 in March and down of 2016 10.1 and % from down $ 5.9 276,375 % from last
310 month . The Average Sales Price in March $ 265,882 , up
330
$ 282,693 last month . March 2017 ASP was at the highest level
290
9.7 % from $ 242,331 in March of 2016 and down 5.9 % from
310 compared to March of 2016 and 2015 .
270
$ 282,693 last month . March 2017 ASP was at the highest level
290
250 compared to March of 2016 and 2015 .
270
230
250
210
230
190
210
190
170
170
150
150
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
71 64 79 75 77 75 88 67 52 48 48 77 65 79 100 107 89 112 76 46 81 46 38 73 98 101 137 116 111 97 106 103 114 89 68 116
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 339 , Inventory down 6.4 of % Properties from 362 last available month for and sale down as of 11.3 March % from
700 was 382339 in , March down 6.4 of % last from year 362 . March last month 2017 and Inventory down 11.3 was % at from its
700
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
382 lowest in March level compared of last year . with March March 2017 of Inventory 2016 and was 2015 at . its lowest level compared with March of 2016 and 2015 .
600
500
500
400
10.0
8.0
400
300
6.0
A comparatively lower MSI is more beneficial for sellers while a
300
200
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial March for 2017 sellers MSI while of 2.9 a
4.0
200 higher months MSI was is better at its lowest for buyers level . The compared March with 2017 March MSI of of 2.92016 and
100
2.0 months was at its lowest level compared with March of 2016 and
100
2015 .
0
2015 .
0
0.0
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
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
14
15
16
17
528
71
14
64
Agent Name
79
Title Phone Website Other

Community Information | School District

75 77 75 88 67 52
526
551 528
586 526
579 551
540 586
524 579
496 540
464 524
467 496
469 464 467
48
15
498 518
48
Number of Properties Sold
77 65 79 100 107 89 112 76 46 81
469 509
498 517
518 498
509 469
517 449
498 417
469 388
449
365 385
417
384
388
382 365
397 385
394 384
402 382
425 397
406 394
398 402
372 425
361 406
354 398
355 372 362 361
339 354
46
16
38 73 98 101 137 116 111 97 106 103
355 114 362
3 Mo Avg
89
17
339 68 116
12.0 10.0 8.0
6.0 4.0 2.0 0.0
20 | 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 .