1. real estate

Phenix City Residential Report – May 2015
Monthly Indicators
Recent Figures
Trends
Phenix City: Total Residential Sales
May
April
May
May
2015
2015
2014
'10-'14
85
88
68
82
-3.4%
25.0%
3.4%
*Residential = existing single family, condo, &
new construction
vs. Peak
vs. Trough
May
May
2006
2014
144
68
-41.0%
25.0%
Year to Date
vs. Prior Year
May
May
2015
2014
398
370
May
May
May
May
May
2014
2013
2012
2011
2010
116
70
50
7.6%
Graph: May: 2005-2015
(By month)
82
76
$190,000
Current Month
vs. Prior Month
vs. Last Year
vs. 5-Yr Avg
May
April
May
May
2015
2015
2014
'10-'14
154,900
139,728
134,450
147,490
Year to Date
vs. Prior Year
May
May
2015
2014
138,506
134,690
2.8%
May
May
2012
2005
157,900
112,700
-1.9%
37.4%
10.9%
15.2%
5.0%
ACRE Commentary
“Historical data indicates that May median sales prices on
average (‘10-‘14) increase by 1.3 percent from the month of
April. The current median price increased by 10.9 percent from
the prior month."
Historical Median Selling Price
May
2014 134,450
May
2013 157,900
May
2012 151,900
May
2011 141,200
May
5- Year Avg:
3- Year Avg:
Available online:
acre.culverhouse.ua.edu
Phenix City: Median Selling Price
$180,000
$170,000
157,900
$160,000
$150,000
154,900
$140,000
$130,000
$120,000
$110,000
Median Peak
Trough
85
90
68
80
79
87
97
5- Year Avg:
3- Year Avg:
The median selling price in Phenix City
for May 2015 was $154,900, a 15.2
percent increase from May 2014's
median selling price of $134,450.
110
Historical Home Sales
“Historical data indicates that May sales on average (‘10-‘14)
decrease from the month of April by 10.3 percent. May 2015
sales decreased by 3.4 percent from the prior month."
Median Sales Price
130
$100,000
©ACRE 2015
ACRE Commentary
144
150
©ACRE 2015
Phenix City sales for May '15 totaled 85 units,
representing an increase of 25.0 percent when
compared to the 68 units that were sold in May
'14.
Current Month
vs. Prior Month
vs. Last Year
vs. 5-Yr Avg
Total Home Sales
112,700
$90,000
Graph: May: 2005-2015
(By month)
2010 152,000
147,490
148,083
Report Compliments of:
ACRE Corporate Cabinet
©ACRE 2015
Page 1 of 4
Monthly Indicators
Recent Figures
Trends
Phenix City: Average Selling Price
The average selling price in Phenix City
for May 2015 was $166,729, a 17.0
percent increase from May 2014's
average selling price of $142,491.
Current Month
vs. Prior Month
vs. Last Year
vs. 5-Yr Avg
May
April
May
May
2015
2015
2014
'10-'14
166,729
153,023
142,491
148,860
Year to Date
vs. Prior Year
May
May
2015
2014
147,848
137,980
9.0%
17.0%
12.0%
$180,000
166,729
$170,000
$160,000
$150,000
$140,000
7.2%
$130,000
©ACRE 2015
Average Sales Prices
$120,000
Average Peak
Trough
ACRE Commentary
May
May
2015
2005
166,729
119,775
0.0%
39.2%
$110,000 119,775
$100,000
Historical Average Selling Price
“Historical data indicates that May average sales prices on
average (‘10-‘14) increase by 0.6 percent from the month of April.
The May 2015 average price increased by 9.0 percent from the
prior month."
May
May
May
May
May
2014
2013
2012
2011
2010
5-Year Avg:
3- Year Avg:
Current Month
The average number of days on the market vs. Prior Month
vs. Last Year
in May 2015 was 130, representing a
decrease of 17.7 percent from 158 days on vs. 5-Yr Avg
Days on Market (DOM)
Graph: May: 2005-2015
(By month)
142,491
159,978
145,606
147,063
149,162
148,860
149,358
May
April
May
May
2015
2015
2014
'10-'14
130
154
158
144
May
May
2015
2014
138
158
180
-15.6%
-17.7%
-9.6%
market in May 2014.
Phenix City: Average Days on Market
170
160
150
140
130
-12.3%
130
120
©ACRE 2015
Year to Date
vs. Prior Year
110
100
90
ACRE Commentary
“The 5-year DOM average (’10-’14) for the month of May is 144
days, which is 14 days below the current results. DOM is
anticipated to remain within the current range (125 - 170 days) for
the foreseeable future.”
Historical Average DOM
May
May
May
May
May
2014
2013
2012
2011
2010
5-Year Avg:
Available online:
acre.culverhouse.ua.edu
158
135
167
133
126
104
Graph: May: 2005-2015
(By month)
144
Report Compliments of:
ACRE Corporate Cabinet
©ACRE 2015
Page 2 of 4
Monthly Indicators
Total Homes Listed for Sale
Phenix City residential units available
for sale in May 2015 decreased by 4.4
percent when compared to the same
period last year.
Recent Figures
Current Month
vs. Prior Month
vs. Last Year
vs. 5-Yr Avg
May
April
May
May
2015
2015
2014
'10-'14
May
May
2008
2005
Trends
625
615 1.6%
654 -4.4%
778 -19.7%
Phenix City: Total Inventory
1,600
1,400
1,248
1,200
1,000
Inventory Peak
Trough
1,248 -49.9%
503 24.3%
800
600
625
©ACRE 2015
400 503
200
0
Historical Total Homes Listed
“Historical data indicates that May inventory on average (‘10-‘14) decreases
by 5.3 percent from the month of April. May’s inventory increased by 1.6
percent from last month's total of 615 homes."
Inventory-to-Sales Ratio
The inventory for sale divided by the
current monthly sales volume equals the
# of months of supply (Market
considered to be in balance at
approximately 6 months).
May
May
May
May
May
5-Year Avg:
2014
2013
2012
2011
2010
Graph: May: 2005-2015
654
614
804
880
939
778
(By month)
18.0
Current Month
vs. Prior Month
vs. Last Year
vs. 5-Yr Avg
Phenix City currently has 7.4
months of supply, up from 7.0 months
in April 2015 and down from 9.6 months
in May 2014.
I/S Ratio Peak
Trough
May
April
May
May
2015
2015
2014
'10-'14
7.4
7.0
9.6
9.5
5.2%
-23.5%
-22.2%
May
May
2008
2005
13.4
4.3
-45.2%
69.6%
Phenix City: Inventory to Sales Ratio
16.0
13.4
14.0
12.0
10.0
8.0
6.0
4.0
2.0
7.4
©ACRE 2015
ACRE Commentary
4.3
0.0
ACRE Commentary
Historical I/S Ratio
"Gradual improvement has been experienced in 2015 but more absorption is
needed to take inventory to 510 units, a figure representing greater balance
between supply and demand."
May
May
May
May
May
2014
2013
2012
2011
2010
5-Year Avg:
3- Year Avg:
9.6
7.7
10.2
10.1
9.7
Graph: May: 2005-2015
(By month)
9.5
9.2
NOTE: This representation is based in whole or in part on data supplied by the reporting boards/associations of REALTORS® or their Multiple Listing Service. The Alabama Center for Real
Estate does not guarantee and is in no way responsible for its accuracy. Any Market data maintained by the Center does not necessarily include information on listings not published at the
request of the seller, listings of brokers who are not members of a local board/association or MLS, unlisted properties, rental properties, etc.
The statistics included in this report reflect the residential sales of houses, condominiums, and town homes. Historical Monthly Housing Statistics are available on the web at Alabama Center for
Real Estate's homepage - www.acre.cba.ua.edu.
Available online:
acre.culverhouse.ua.edu
Report Compliments of:
ACRE Corporate Cabinet
©ACRE 2015
Page 3 of 4
800
100
750
80
700
60
650
40
600
20
550
0
500
Phenix City Sales
Phenix City Inventory
©ACRE 2015
120
Inventory
Sales
Home Sales for May 2015
Historical Home Sales in May of Each Year
1,400
140
1,200
120
1,000
Sales
800
80
600
60
40
400
20
200
0
0
Phenix City Sales
Phenix City Inventory
Inventory
100
©ACRE 2015
160
This report is compiled and brought to you by ACRE Research. You should not treat any information expressed in ACRE Reports as a specific inducement to make a particular investment or follow a
particular strategy. The Alabama Center for Real Estate (ACRE) and/or its partners/work product sponsors does not guarantee and is not responsible for the accuracy or completeness of information, and
provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as
investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk.
ACRE will not be liable for any loss or damage caused by your reliance on information contained in ACRE Reports.
Available online:
acre.culverhouse.ua.edu
Report Compliments of:
ACRE Corporate Cabinet
©ACRE 2015
Page 4 of 4