CAR ARCHIVED March 2017 | Page 24

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

County : Rowan

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
$ 168,695
5 %
13 %
Average List Price of all Current Listings
$ 244,456
5 %
14 %
March Median Sales Price
$ 135,000
4 %
-1%
10 %
0 %
$ 137,550
15 %
2 %
March Average Sales Price
$ 153,948
1 %
3 %
10 %
0 %
$ 151,088
8 %
-2%
Total Properties Currently for Sale ( Inventory )
486
-2%
-15%
March Number of Properties Sold
147
58 %
50 %
320
34 %
March Average Days on Market ( Solds )
95
-8%
7 %
-22%
9 %
92
-17%
6 %
Asking Price per Square Foot ( based on New Listings )
$ 93
3 %
3 %
2 %
7 %
$ 91
10 %
5 %
March Sold Price per Square Foot
$ 83
3 %
3 %
17 %
4 %
$ 82
12 %
3 %
March Month ' s Supply of Inventory
3.3 -38% -33% -43% -39%
4.9
-35%
-8%
March Sale Price vs List Price Ratio
93.6 %
3.2 % 1.2 % 4.9 % 1.6 %
92.8 %
5 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
160
March Property sales were 147 , up 50.0 % from 98 in March of
2016 and 58.1 % higher than the 93 sales last month . March
140
Property
2017 sales Sales were at their highest level compared to March of
20160
March Property sales were 147 , up 50.0 % from 98 in March of
120 and 2015 . March YTD sales of 320 are running 34.5 % ahead of
2016 and 58.1 % higher than the 93 sales last month . March
140 last year ' s year-to-date sales of 238 .
100
2017 sales were at their highest level compared to March of 2016
120 and 2015 . March YTD sales of 320 are running 34.5 % ahead of
80
Number of Properties Sold
3 Mo Avg
last year ' s year-to-date sales of 238 .
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
Prices
The Median Sales Price in March was $ 135,000 , up 10.0 % from
A
M J
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
Median Sales Price and Average Sales Price
15
16
17
3 Mo Avg
Prices
$ 122,750 in March of 2016 and up 3.8 % from $ 130,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 135,000 was , up $ 153,948 10.0 % from , up
$
9.8 122,750 % from in March $ 140,196 of 2016 in March and up of 3.8 2016 % from and up $ 130,000 0.7 % from last
190
190
170
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 152,913 . The last Average month Sales . March Price 2017 in March ASP was $ at 153,948 the highest , up level
9.8 % from $ 140,196 in March of 2016 and up 0.7 % from
170
150 compared to March of 2016 and 2015 .
$ 152,913 last month . March 2017 ASP was at the highest level
150
130
compared to March of 2016 and 2015 .
130
110
110 90 70 50

Rowan

101 88 88 84 96 76 95 69 94 66 69 93 114 112 105 117 118 118 104 78 89 70 70 98 127 139 145 99 132 128 109 96 111 80 93 147
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 486 , Inventory down 1.6 % of from Properties 494 last available month for and sale down as of 14.9 March % from
1,000 was 571486 in March , down of 1.6 last % from year 494 . March last month 2017 Inventory and down 14.9 was % at from its
1,000
800
571 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at . its
800 lowest level compared with March of 2016 and 2015 .
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
14.0
12.0
10.0
600
400
A comparatively lower MSI is more beneficial for sellers while a
400
8.0
6.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial March for 2017 sellers MSI while of 3.3 a
200 higher months MSI was is better at its lowest for buyers level . The compared March with 2017 March MSI of of 3.32016 and
200 months
2015 . was at its lowest level compared with March of 2016 and
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
4.0
2.0
0.0
J A S O N D J
F M
F M
17
789 823 865 888 874 845 866 837 775 771 713 727 709
A
14
101 88
Agent Name
88
Title Phone Website Other

Community Information | School District

90 70 50
84 96 76 95 69
J A S O N D J
15
94 66 69
Number of Properties Sold
93 114 112 105 117 118 118 104
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
789 823 865 888 874 845 866 837 775 771 713 727 709 739 745 761 769 764 733 682
739 745 761 769 764 733 682 641 602 601
J A S O N D J
16
78 89 70 70 98 127 139 145 99 132
571 587 553 558 562 549 553 549 530 491 498 494 486
J A S O N D J
17
128 109 96
641 602 601 571 587 553 558 562 549 553 549 530 491 498
111
3 Mo Avg
80
494
486 93 147
14.0 12.0 10.0
8.0 6.0 4.0 2.0 0.0
24 | 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 .