MA ARCHIVED April 2017 | Page 16

Market Action Report
April 2017
County: Kent
KENT
Market Action Report
Agent Name
Community
County: Kent Information
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
Market Profile & Trends Overview
April Median
Sales
Price
Median
List Price
of all
Current Listings
April Average
Sales
Price
Average
List Price
o f all
Current Listings
Total Median
Properties
for Sale (Inventory)
April
Sales Currently
Price
April Average
Number
of Properties
Sold
April
Sales
Price
April Properties
Average Days
on Market
Total
Currently
for Sale (Solds)
(Inventory)
Asking
Price of
per
Square Foot
April
Number
Properties
Sold (based on New Listings)
April
Days per
on Square
Market Foot
(Solds)
April Average
Sold Price
Asking
Price per Supply
Square of
Foot
(based on New Listings)
April Month's
Inventory
April
Foot Ratio
April Sold
Sale Price
Price per
vs Square
List Price
* LM=Last
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 14.0
April
Month's
Supply
of Inventory
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property Sales
Trending versus*:
L3M PYM
LY
Trending versus*:
Prior YTD Prior Year
YTD
33%
0%
-7%
10.5
-16%
-30%
-3.2% 12.2% 11.8%
39% Sold 15%
Number of 93.1%
Properties
4
April Property sales were 1, equal to 1 in April of 2016 and
higher than
the 0 sales last month. April 2017 sales were at
Property
Sales
4
their Property
highest sales
level were
compared
to to
April
2016
and 2015.
April
1, equal
1 in of
April
of 2016
and April
YTD
sales
of
3
are
running
50.0%
ahead
of
last
year's
year-to-
higher than the 0 sales last month. April 2017 sales were at
3
date highest
sales of level
2. compared to April of 2016 and 2015. April
their
3 Mo Avg
Number of Properties Sold
3 Mo Avg
3
-1
0
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
14
15
16
17
0 0
1 1
1 1
2 2
2 2
3
3
-1
0%
90.1%
April Sale Price vs List Price Ratio
Prices
LM
$1,385,000 -6%
-13%
Trending versus*:
$2,133,071 Trending
-3% versus*:
-11%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,622,500
-20%
32%
41%
$1,385,000
-6%
-13% 9% 12% $2,040,210
$1,622,500
-29%
48%
60%
$2,133,071
-3%
-11% 9% 13% $2,289,737
$1,622,500 14 8%
-20% 9% 0%
12% $2,040,210
32%
41%
1 -29% 9% 0%
3
50% 60%
$1,622,500
13% $2,289,737
48%
0
0%
0 -100%
-100%
14 8%
0% -100% -100%
-3%
1 $0 0% -100%
0% 0% -100%
3 $393
50% 0%
0 $0
0% -100%
-100% -100%
-100% -100%
0 $497
-100% 66%
-100% 23%
$0 14.0
0% -100%
0% -100%
0% -16% -3% -30%
0% 33%
0% -7% $393 10.5
$0 90.1% -100% -3.2%
-100% 12.2%
-100% 11.8% $497 93.1%
66% 39% 23% 15%
Average List Price of all Current Listings
YTD sales of 3 are running 50.0% ahead of last year's year-to-
date sales of 2.
April 2017
Title
Phone
Agent
Name
Website
Title
Other
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
14
15 Median Sales Price and
16 Average Sales Price 17
The Median Sales Price in April was $1,622,500, up 9.3% from
Prices
$1,485,000
in April
from $0 up
last 9.3%
month.
2,800
The
Median Sales
Price of in 2016
April and
was up
$1,622,500,
from The
Average Sales
Price
April
was
9.3% from
$1,485,000
in April
of in
2016
and
up $1,622,500,
from $0 last up
month.
The
2,800 2,600
$1,485,000
April
of 2016
up from up
$0 9.3%
last month.
Average
Sales in
Price
in April
was and
$1,622,500,
from April 2,600 2,400
2017 ASP was
at the
highest
compared
April of April
2016 and
$1,485,000
in April
of 2016
and level
up from
$0 last to month.
2,400 2,200
2015.
2017
ASP was at the highest level compared to April of 2016 and
2,200 2,000
2015.
2,000 1,800
1,800 1,600
1,600 1,400
1,400 1,200
1,200 1,000
1,000
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
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
M J 14
J A S O N D J F M
A M J J A S O N D J F M A 17
15 A M J J A S O N D J F M 16
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Total Inventory & Month's Supply of Inventory (MSI)
35.0
20.0 20.0
15.0 15.0
10.0 10.0
25.0
25.0
30.0
30.0
35.0
40
35
30
25
20
15
10
5
0
Inventory & MSI
The Total Inventory of Properties available for sale as of April
The Total Inventory of Properties available for sale as of April
was 14, up 7.7% from 13 last month and equal to 14 in April of 40
was 14, up 7.7% from 13 last month and equal to 14 in April of
last year.
year. April
April
2017
Inventory
at lowest
its lowest
compared
35
last
2017
Inventory
was was
at its
level level
compared
with April
April
2016
and
2015.
with
of of
2016
and
2015.
30
25
20
15
A
comparatively
lower
MSI
is
more
beneficial
for
sellers
while
a
A comparatively lower MSI is more beneficial for sellers while a
higher MSI
MSI
better
buyers.
April
2017
of 14.0 10
higher
is is
better
for for
buyers.
The The
April
2017
MSI MSI
of 14.0
months
at at
its its
highest
level
compared
with with
April
of 2016
and and 5
months was
was
highest
level
compared
April
of 2016
0
2015.
2015.
5.0 5.0
0.0 0.0
M J M J A
M A J M
J J A A
J S J O
A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N F D
F M
M S J O J N A D S J O F N M D A J F M A
14 14
15
16
17
15
16
17
Copyright | © Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
16
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Copyright © Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County 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.
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.