Gadsden Residential Real Estate: Annual Trends Report
Gadsden Residential Real Estate: Annual Trends Report
Market Indicators
Annual Trends
Infographs
Total Residential Sales
Last Year
Gadsden residential sales for the year of 2014 totaled 682 units, representing an increase of 39
vs. Previous Year vs. 5-Yr Avg
transactions when compared to 643 vs. Peak units that were sold in the year of 2013. vs. Trough
2014 2013 09-'13
2004 2000
682 643 639
1,003 581
Gadsden Annual: Total Residential Sales
6.1% 6.7%
1,100 1,000
900
1,003
-32.0% 17.4%
800
700 581 600
682 619
500
ACRE Commentary "Compared to historical data, annual sales are 5.9% above the 3year annual average and 6.7% above the 5-year annual average."
Historical Home Sales
2013
643
2012
658
2011
632
2010
645
2009
619
5- Year Avg:
639
3- Year Avg:
644
Graph: 2000-2014 (Per Annum)
Median Sales Price The median selling price in Gadsden for the year of 2014 was $95,341, a 3.1 percent increase from the year of 2013's median selling price of $92,438.
Last Year vs. Previous Year vs. 5-Yr Avg
Median Peak Trough
2014 2013 09-'13
2005 2000
95,341 92,438 91,120
107,038 75,154
3.1% 4.6%
-10.9% 26.9%
Gadsden Annual: Median Residential Price
110,000
107,038
105,000
100,000 95,000
95,341
90,000
85,977
85,000
80,00075,154 75,000
70,000
ACRE Commentary "Compared to historical data to the right, the annual median price is 4.5% above the 3-year annual average and 4.6% above the 5year annual average."
Historical Median Selling Price 2013 92,438 2012 94,082 2011 87,243
2010 85,977
2009 5- Year Avg: 3- Year Avg:
95,858 91,120 91,254
Graph: 2000-2014 (Per Annum)
Available Online: acre.culverhouse.ua.edu
Report Compliments of: ACRE Corporate Cabinet
ACRE 2015 Page 1 of 3
Market Indicators
Annual Trends
Infographs
Average Sales Prices
The average selling price in Gadsden for the year of 2014 was $115,586, a 7.9 percent increase from the year of 2013's average selling price of $107,092.
Last Year vs. Previous Year vs. 5-Yr Avg
Average Peak Trough
2014 2013 09-'13
2005 2000
115,586 107,092 107,963
122,753 88,388
7.9% 7.1%
-5.8% 30.8%
Gadsden Annual: Average Selling Price
125,000 120,000
122,753
115,586
115,000
110,000 105,000
103,226
100,000
95,00088,388 90,000
85,000
80,000
ACRE Commentary
"Compared to historical data to the right, the annual average price is 5.4% above the 3-year annual average and 7.1% above the 5-year annual average."
Historical Average Selling Price
2013 2012 2011 2010 2009
107,092 112,462 109,303 103,226 107,735
5-Year Avg: 3- Year Avg:
107,963 109,619
Graph: 2000-2014 (Per Annum)
Days on Market (DOM)
The average number of days on the market in the year of 2014 was 174, representing an increase of 3.1 percent from 168 days on market in the year of 2013.
Last Year vs. Previous Year vs. 5-Yr Avg
DOM Peak Trough
2014 2013 09-'13
2003 2007
174
Gadsden Annual: Average Days on Market
168
3.1% 190
165
4.9% 180
167
170
174 159
160
150
140
0 #DIV/0!
0
#DIV/0! 130
124
120
ACRE Commentary
Historical Average DOM
"The 5-year DOM average ('09-'13) for the year is 165 days, 9 days lower than the current results. Compared to historical data to the right, the annual DOM is 4.9% above the 5-year annual average, and 1.8% below the 3-year annual average."
2013
168
2012
172
2011
162
2010
165
2009
159
5-Year Avg:
165
3-Year Avg:
167
Graph: 2000-2014 (Per Annum)
Available Online: acre.culverhouse.ua.edu
Report Compliments of: ACRE Corporate Cabinet
ACRE 2015 Page 2 of 3
Market Indicators
Annual Trends
Total Homes Listed for Sale
Last Year
Gadsden's average number of residential vs. Previous Year
units available for sale in the year of
vs. 5-Yr Avg
2014 increased by 34 units, when
compared to the year of 2013.
Inventory Peak
Trough
2014 763 2013 729 09-'13 721
2005 839 2007 601
Infographs
Gadsden Annual: Total Homes Listed
4.7%
839
5.8% 820
763
770 710
-9.1% 720
26.9% 670
601
620
570
520
ACRE Commentary
Historical Total Homes Listed
"The 5-year inventory average ('09-'13) is 721 units, 42 units lower than current results. Compared to historical data to the right, the number of homes listed for sale are 5.8% above the 5-year annual average, and 7.8% above the 3year annual average."
2013 729 2012 706 2011 691 2010 749
2009 732
5-Year Avg:
721
3-Year Avg:
708
Graph: 2000-2014 (Per Annum)
Inventory-to-Sales Ratio
Definition: The inventory for sale divided by the current annual sales volume equals the number of months of supply (Market considered to be in balance at approximately 6 months).
Last Year vs. Previous Year vs. 5-Yr Avg
I/S Ratio Peak Trough
2014 2013 09-'13
2010 2007
13.6 13.9 14.0
14.9 8.4
Gadsden Annual: Inventory to Sales Ratio
-1.7% -2.2%
-8.4% 62.5%
17.0 14.4 15.0 13.0 11.0 9.0 7.0 5.0
14.9 13.6
8.4
ACRE Commentary
"Compared to historical data to the right, the annual supply is 0.7% below the 3-year annual average and 2.2% below the 5-year annual average."
Historical I/S Ratio
2013 13.9 2012 13.1 2011 13.5 2010 14.4
2009 14.9
5-Year Avg:
14.0
3- Year Avg:
13.5
Graph: 2000-2014 (Per Annum)
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 acre.cba.ua.edu.
Available Online: acre.culverhouse.ua.edu
Report Compliments of: ACRE Corporate Cabinet
ACRE 2015 Page 3 of 3
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