DFW ARCHIVED October 2017 | Page 10

Market Action Report October 2017
Market Action Report October 2017

DENTON

County : Denton

Community Information | School District
Price Range : $ 1,000,000 and Up | 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
$ 1,299,000
0 %
-4%
Average List Price of all Current Listings
$ 1,684,447
-1%
-7%
October Median Sales Price
$ 1,100,000
-5%
-6% -15%
-8%
$ 1,180,000
-2%
-2%
October Average Sales Price
$ 1,145,714
2 %
-7% -12% -18%
$ 1,389,338
-1%
0 %
Total Properties Currently for Sale ( Inventory )
93
7 %
26 %
October Number of Properties Sold
7 -13%
40 %
80
7 %
October Average Days on Market ( Solds )
90
53 %
8 %
114 % -29%
108
-15%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 281
19 %
14 % -35%
6 %
$ 256
-4%
-3%
October Sold Price per Square Foot
$ 203
-13% -3% -20% -15%
$ 228
-4%
-4%
October Month ' s Supply of Inventory
13.3
22 %
17 % -10%
11 %
15.8
31 %
33 %
October Sale Price vs List Price Ratio
91.4 % -7.1% -2.8% -3.1% -. 3 %
92.7 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
16
October Property sales were 7 , up 40.0 % from 5 in October of
2016 and 12.5 % lower than the 8 sales last month . October 2017
Property Sales sales were at their highest level compared to October of 2016
16
October Property sales were 7 , up 40.0 % from 5 in October of and 2015 . October YTD sales of 80 are running 6.7 % ahead of
2016 and 12.5 % lower than the 8 sales last month . October 2017
14 last year ' s year-to-date sales of 75 . sales were at their highest level compared to October of 2016
12 and 2015 . October YTD sales of 80 are running 6.7 % ahead of
14
12
10
8
Number of Properties Sold
3 Mo Avg
last year ' s year-to-date sales of 75 .
10
6
8
6
4
4
2
2
0
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
0
14
15
16
17
Prices
The Median Sales Price in October was $ 1,100,000 , down 14.7 %
Prices from $ 1,290,000 in October of 2016 and down 4.8 % from
The
$ 1,155,500 Median Sales last month Price in . The October Average was $ Sales 1,100,000 Price , in down October 14.7 % was
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
14
15
Median Sales
16 Price and Average Sales
17 Price
Median Sales Price and Average Sales Price
2,000
J
A S O
3 Mo Avg
3 Mo Avg
from
$ 1,145,714 $ 1,290,000 , down in 11.9 October % from of 2016 $ 1,299,800 and down in October 4.8 % from of 2016 and
2,000
$ up 1,155,500
1.8 % from last month
$ 1,125,646
. The last Average month Sales
. October
Price in 2017 October
ASP was
1,800 was at
$ the 1,145,714 lowest , down level
11.9 compared
% from to $ 1,299,800
October of in 2016 October and of 2015
2016 . and
1,800 up 1.8 % from $ 1,125,646 last month . October 2017 ASP was at
1,600
the lowest level compared to October of 2016 and 2015 .
1,600
1,400
1,400 1,200
1,200
1,000
1,000
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
D14J
F
15 M A M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O
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
The
October Total Inventory was 93 , up of 6.9 Properties % from 87 available last month for sale and as up of 25.7 % from
100
October
74 in October was 93 , of up last 6.9 year % from . October 87 last month 2017 Inventory and up 25.7 was % from at its
100
74 in October of last year . October 2017 Inventory was at its
80 highest level compared with October of 2016 and 2015 .
80 highest level compared with October of 2016 and 2015 .
60
60
Total Inventory & Month ' s Supply of Inventory ( MSI )
80.0
70.0
60.0
50.0
40
40.0
A comparatively lower MSI is more beneficial for sellers while a
40
A higher comparatively
MSI is better lower for MSI buyers is more
. The beneficial
October for 2017 sellers
MSI while of 13.3 a higher MSI is better for buyers . The October 2017 MSI of 13.3 months was at its lowest level compared with October of 2016
20 months was at its lowest level compared with October of 2016 and 2015 . and 2015 .
0
30.0
20
20.0
10.0
0
0.0
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 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
14
15
16
17
14
15
16
17
69 3
47 69
8 64
53 47
2
Agent Name
Title Phone Website Other
4 79
73 64
53
2 2 8
87
79 90 89
73
87 7 90 91
5 89 80
9 91
77 75
3 80
66 5 77
Number of Properties Sold
71 4
75 70
9
66 6
3 8 2 4 2 2 8 7 5 9 3 5 4 9 6 3 8
3
11
80 71 79 70 81
8
9 80 80
13 11
79 88 81
9
81 80 78
13 88 74
8 81 72
5 78 63
7 74 62
5 72
65 6 6
68 63
62 72
5
87 65
8 5 7 5 6 6 5 7 8 1
84 7
68 8
72 83 80
1
87
84 93 83
87 11 15
80 10
11 15 10 8 8 7
87
3 Mo Avg
8
93 8 7
80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0
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