CAR ARCHIVED March 2017 | Page 26

Market Action Report
Union
County: Union
Agent Name
Market Action Report
County: Union
March 2017
Title
Phone
Agent
Name
Website
Title Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
$435,000
4%
19%
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
versus*:
$526,411 Trending
3%
17%
L3M -4%
PYM 7%
LY
-3%
$435,000 4%
19%
$317,019 -4% -4% 10%
$526,411 3%
17%
853 3%
-13%
$260,000 -3% -4% 7% 0%
345 47%
13%
$317,019 -4% -4% 10% -1%
66 27% 5% -10%
853 3%
-13%
$127 -1% 0%
6%
345 47%
13%
$116
-2%
0%
66 27% 5% -10% 8%
16%
$127 2.5
-1% -30%
0% -25%
6% -23%
5%
$116 97.3%
-2% .0%
0% .5%
8% .6%
2%
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
$260,000
Trending versus*:
Prior YTD Prior Year
YTD
Trending versus*:
YTD
Prior YTD 17%
Prior Year
$263,000
0%
-1%
$324,131
14%
$263,000
17%
1%
787
16%
$324,131
14%
1%
16%
62 -14%
5%
$127
7%
787
16%
2%
$115
62 -14% 8% 9%
-22% $127
3.3
7% -26% 5%
March Sold
Sale Price
Price per
vs Square
List Price
.4% $115 96.8%
March
Foot Ratio
8% 1% 2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
March Month's Supply of Inventory
2.5 -30% -25% -23% -22%
3.3 -26%
5%
of 96.8%
Properties
March Sale Price vs List Price Ratio
97.3% .0% .5% .6% Number
.4%
1% Sold -0%
1%
1%
9%
5%
2%
5%
-0%
3 Mo Avg
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
March Property sales were 345, up 13.5% from 304 in March of
2016 and 47.4% higher than the 234 sales last month. March
Property
500
2017 sales Sales
were at their highest level compared to March of 2016
March
Property
sales
were
345, of up 787
13.5%
304 15.9%
in March
of of
and 2015.
March
YTD
sales
are from
running
ahead
450
2016 and 47.4% higher than the 234 sales last month. March
last year's year-to-date sales of 679.
2017 sales were at their highest level compared to March of 2016 400
and 2015. March YTD sales of 787 are running 15.9% ahead of
350
last year's year-to-date sales of 679.
300
500
Number of Properties Sold
450
3 Mo Avg
400
350
300
250
Prices
404
296
233
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
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
Median
Sales
Price
and
Average
Sales
Price
3 Mo Avg
14
15
16
17
400
Median Sales Price and Average Sales Price
3 Mo Avg
0
50
150 50
100
0
200
250 150
200 100
The Median Sales Price in March was $260,000, up 7.1% from
Prices
$242,700 in March of 2016 and down 3.0% from $268,000 last
The
Median
Sales
Price Sales
in March
was
7.1% from
month.
The
Average
Price
in $260,000,
March was up
$317,019,
up 400
350
$242,700
in March
of 2016
and down
3.0%
from
$268,000
last
9.8% from
$288,788
in March
of 2016
and
down
4.3% from
month.
The last
Average
Sales
Price 2017
in March
up level
$331,378
month.
March
ASP was
was $317,019,
at the highest
350
9.8%
from $288,788
of 2016
and down 4.3% from
300
compared
to March in of March
2016 and
2015.
$331,378 last month. March 2017 ASP was at the highest level
300
compared to March of 2016 and 2015.
250
200
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
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
A M 14 J J A S O N D J F M
14
15
16
17
0
2015.
.
7.0
7.0 6.0
6.0 5.0
5.0
4.0
3.0
2.0
1.0
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
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell
Residential
| Price
c o Banker
ldw
e l l Brokerage
bank
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.
26 |
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
1,600
was Total
853, Inventory
up 2.8% from
830 last available
month and
down
from
The
of Properties
for sale
as 13.0%
of March
1,600 1,400
981 853,
in March
of from
last year.
March
2017
Inventory
was from
at its
was
up 2.8%
830 last
month
and
down 13.0%
1,400 1,200
lowest
level of
compared
March
2016 and was
2015.
981
in March
last year. with
March
2017 of Inventory
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 2.5
higher
MSI
is better
for buyers.
March with
2017 March
MSI of of
2.5 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
150
200
250
4.0
3.0
2.0
1.0
0.0