CAR ARCHIVED March 2017 | Page 8

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

County : Cabarrus

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
$ 314,900
5 %
25 %
Average List Price of all Current Listings
$ 349,682
4 %
16 %
March Median Sales Price
$ 194,000
-3%
-1%
2 %
0 %
$ 192,000
4 %
-1%
March Average Sales Price
$ 213,750
-2%
-3%
1 %
-1%
$ 212,005
2 %
-1%
Total Properties Currently for Sale ( Inventory )
573
-1%
-21%
March Number of Properties Sold
295
67 %
4 %
673
5 %
March Average Days on Market ( Solds )
51 -15%
2 %
-35%
-7%
52
-33%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 108
1 %
1 %
9 %
5 %
$ 107
9 %
4 %
March Sold Price per Square Foot
$ 103
3 %
3 %
10 %
7 %
$ 100
9 %
4 %
March Month ' s Supply of Inventory
1.9 -40% -26% -24% -27%
2.6
-25%
-2%
March Sale Price vs List Price Ratio
97.0 %
1.1 %
. 3 %
1.8 %
. 8 %
96.4 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Cabarrus

Agent Name
Title Phone Website Other

Community Information | School District

Property Sales
400
March Property sales were 295 , up 3.9 % from 284 in March of
2016 and 66.7 % higher than the 177 sales last month . March
350
Property
2017 sales Sales were at their highest level compared to March of 2016
400
March Property sales were 295 , up 3.9 % from 284 in March of
300 and 2015 . March YTD sales of 673 are running 4.8 % ahead of
2016 and 66.7 % higher than the 177 sales last month . March
350 last year ' s year-to-date sales of 642 .
250
2017 sales were at their highest level compared to March of 2016
300 and 2015 . March YTD sales of 673 are running 4.8 % ahead of
200
Number of Properties Sold
3 Mo Avg
last year ' s year-to-date sales of 642 .
250
150
200
100
150
50
100
50
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 $ 194,000 , up 2.0 % from
Prices
250
$ 190,245 in March of 2016 and down 3.0 % from $ 200,000 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 194,000 was , up $ 213,750 2.0 % from , up
240
250
$
1.3 190,245 % from in $ March 211,074 of 2016 in March and down of 2016 3.0 and % from down $ 200,000 1.5 % from last
230 month . The Average Sales Price in March $ 213,750 , up
240
$ 217,021 last month . March 2017 ASP was at the highest level
220
1.3 % from $ 211,074 in March of 2016 and down 1.5 % from
230 compared to March of 2016 and 2015 .
210
$ 217,021 last month . March 2017 ASP was at the highest level
220
200 compared to March of 2016 and 2015 .
210
190
200
180
190
170
180
170
160
160
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
195 241 276 294 325 236 267 194 249 179 168 225 249 271 344 365 271 285 257 205 273 173 185 284 257 334 341 328 353 311 280 225 304 201 177 295
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 573 , Inventory down 0.7 % of from Properties 577 last available month for and sale down as of 20.9 March % from
1,400 was 724573 in , March down 0.7 of % last from year 577 . March last month 2017 and Inventory down 20.9 was % at from its
1,4001,200
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
724 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at . its lowest level compared with March of 2016 and 2015 .
1,2001,000
1,000
800
6.0
5.0
800
600
4.0
A comparatively lower MSI is more beneficial for sellers while a
600
400
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial March for 2017 sellers MSI while of 1.9 a
400 higher months MSI was is better at its lowest for buyers level . The compared March with 2017 March MSI of of 1.92016 and
200 months was at its lowest level compared with March of 2016 and
200
2015 .
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
3.0
2.0
1.0
0.0
J A S O N D J
F M
F M
17
1,193 1,222 1,192 1,160 1,121 1,084 1,019 996
906
A 14
195
14
241 276 294 325 236
1,193 1,222 1,192 1,160 1,121 1,084 267 194
J A S O N D J 15
249
1,019 996
906 179
15
168
Number of Properties Sold
225 249 271 344 365 271
917 903 956 961 970 927 965 960 982 940 873 285 257
917 903 956 961 970 927 965 960 982 940 873
J A S O N D J
16
205 273 173
16
185
750 735 686 724 284 257 334 341 328 353 311
773 775 787 800 773 758 680
750 735 686 724 773 775 787 800 773 758
680 601 552 538 577
J A S O N D J 17
280
573 225 304
601 552 538
3 Mo Avg
201
17
177
577 573
295
7.0 6.0 5.0
4.0 3.0 2.0 1.0 0.0
8 | 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 .