CAR ARCHIVED March 2017 | Page 35

County : Chester Community Information Agent Name| School District

Chester Market Action Report March 2017

County : Chester Community Information Agent Name| School District

Title
Market Profile & Trends Overview
Phone
Trending versus *:
Month
WebsiteLM
L3M
PYM
LY
YTD
Trending versus *:
Prior YTD
Prior Year
Price
Median Range : All List | Properties Price : SFH of all - ConCurrent Listings
$ 72,900
Other
7 %
-5%
Average List Price of all Current Listings
$ 131,303
-6%
Trending
-22 versus % *:
Trending versus *:
Market
March Median Profile Sales & Trends Price Overview
$ 58,000
Month
-37 LM% -42 L3M% -59 PYM% -47 LY%
$ 85,000
YTD
Prior -23% YTD
Prior -23% Year
Median
March Average List Price Sales of all Price Current Listings
$
72,900 80,571
-41
7 % -28% -51 % -39%
$ 104,417
-28%
-21%
Average
Total Properties List Price Currently of all Current for Sale Listings ( Inventory )
$ 131,303
47
-6
7 %
-22
52 %
March Median Number Sales of Properties Price Sold
$ 58,000
11
-37
0 % -42% -59 22 % -47%
$ 85,000
28
22
-23 %
-23%
March Average Sales Days Price on Market ( Solds )
$ 80,571
166
219 -41% -28 61 % -51
2 % -39
52 %
$ 104,417
112
-10
-28 %
-21
3 %%
Total
Asking Properties Price Currently Square Foot for ( Sale based ( Inventory on New Listings ) )
$ 68
47
57 %
13 % -18
52 %
1 %
$ 63
-16%
-6%
March Number Sold Price of Properties Square Sold Foot
$ 53
11
-19
0 % -16% -16 22 % -21%
$ 59
28
-11
22 %
-12%
March Average Month ' s Days Supply on of Market Inventory ( Solds )
166
4.3
219
7 %
-20 61 % 24 2 %
-81 52 %
112
5.3
-10 9 %%
-77
3 %
Asking
March Price Sale Price per Square vs List Foot Price ( Ratio based on New Listings )
87.5
$ 68%
-6.5
5 % -3.1
13 % 9.1 -18 % -2.6 1 %
88.9
$ 63 %
-16 %
-1
-6 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
March Sold Price per Square Foot
$ 53
-19% -16% -16% -21%
$ 59
-11%
-12%
March Month ' s Supply of Inventory
4.3
7 %
-20% 24 %
-81%
5.3
9 %
-77%
March Sale Price vs List Price Ratio
87.5 % -6.5% -3.1% 9.1 % -2.6%
88.9 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
16
March Property sales were 11 , up 22.2 % from 9 in March of
2016 and the same as the 11 sales last month . March 2017 sales
14
were at their highest level compared to March of 2016 and 2015 .
March YTD sales of 28 are running 21.7 % ahead of last year ' s
12
year-to-date sales of 23 .
10
Prices The Median Sales Price in March was $ 58,000 , down 58.6 % from $ 140,000 in March of 2016 and down 37.0 % from $ 92,000 last month . The Average Sales Price in March was $ 80,571 , down 51.2 % from $ 165,133 in March of 2016 and down 40.6 % from $ 135,682 last month . March 2017 ASP was at a mid range compared to March of 2016 and 2015 .
8 6 4 2 0 -2
200 180 160 140 120 100 80 60 40 20 0
9 13 9 6 9 13 10 4 9 6 6 6
Number of Properties Sold
11 14 9 10 8 9
Median Sales Price and Average Sales Price
5
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
14
15
16
17
8 7 6 8 9 0 0 0 0 0 0 1 1 12
3 Mo Avg
6 11 11
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of March was 47 , up 6.8 % from 44 last month and up 51.6 % from 31 in March of last year . March 2017 Inventory was at a mid level compared with March of 2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The March 2017 MSI of 4.3 months was at a mid level compared with March of 2016 and 2015 .
100 80 60 40 20 0
95
95
93
A M J
14
90
85
Total Inventory & Month ' s Supply of Inventory ( MSI )
81
79
75
76
71
67
67 72
70
67
J A S O N D J F M A M J
15
62
59
58
61
54
46
40
36
31
31
31
37
J A S O N D J F M A M J
16
37
42
52
61
56
50
46
44
47
J A S O N D J F M 17
70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Charleston Trident Association of REALTORS , Piedmont Regional Association of REALTORS 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 .
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