MA ARCHIVED April 2017 | Page 24

Market Action Report
April 2017
County: Worcester
WORCESTER
Market Action Report
Agent Name
April 2017
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Worcester
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
LM
Trending versus*:
L3M PYM
LY
$1,390,000 0%
-10%
$1,471,839 Trending
-1% versus*:
-15%
Month
LM L3M PYM
LY
$1,000,000
$1,390,000
0% -10% -7%
-10% -11%
$1,016,667
$1,471,839
-1% -15% -8%
-15% -17%
33 6%
$1,000,000 -10%
-7% -11% 27%
-23%
3 0%
$1,016,667 -15%
-8% -17% -40%
-23%
57 -74% -59%
33 6%
27% -31%
3 $561
0% 47% 34%
-40% 35%
57 $279
-74% -32%
-59% -19%
-31% -16%
-64%
$561 11.0
47% 6%
34% 3%
35% 112%
30%
$279 92.4%
-32% 4.2%
-19% 2.1%
-16% -2.4%
-13%
Average List Price of all Current Listings
Market Profile & Trends Overview
April Median
Sales
Price
Median
List Price
of all
Current Listings
April Average
Sales
Price
Average
List Price
of 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
-23% $1,075,000
-23% $1,104,167
$1,075,000
$1,104,167
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
7
Prices
-17%
-17%
6 -25%
-17%
-16%
-64%
139
13%
30%
6 $418
-25% -3%
139 $344
13% 10% -13%
-13%
-3% -37% -3%
-37% $418 10.7
10% -4% 7%
3.1% $344 90.5%
-13%
-3%
7%
-39%
1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
-1
1
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
2 2
3 3
4 4
5
5
-1
-17%
-16%
6
a mid level compared to April of 2016 and 2015. April YTD sales
of 6 are running 25.0% behind last year's year-to-date sales of 8.
-17%
-17%
6% 3% 112% -37%
10.7 -37%
-39%
92.4% 4.2% 2.1% -2.4% 3.1 %
-4% Sold 1%
Number of 90.5%
Properties
April Sale Price vs List Price Ratio
April Property sales were 3, down 40.0% from 5 in April of 2016
and the same
as the 3 sales last month. April 2017 sales were at
Property
Sales
7
a mid
level compared
2016 from
and 2015.
April
April
Property
sales were to 3, April
down of 40.0%
5 in April
of YTD
2016 sales
of
6
are
running
25.0%
behind
last
year's
year-to-date
sales
of
8.
and the same as the 3 sales last month. April 2017 sales were at
6
Trending versus*:
Prior YTD Prior Year
YTD
* LM=Last
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 11.0
April
Month's
Supply
of Inventory
Property Sales
Trending versus*:
Prior YTD Prior Year
YTD
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 $1,000,000, down 11.1%
Prices
2,000
from
$1,125,000
in April
of 2016
and down 10.3%
The
Median
Sales Price
in April
was $1,000,000,
down from
11.1%
$1,115,000
last in
month.
Average
Sales
Price from
in April was 2,000 1,900
from
$1,125,000
April of The
2016
and down
10.3%
$1,016,667,
17.2%
$1,228,000
in in
April
of was
2016 and 1,900 1,800
$1,115,000
last down
month.
The from
Average
Sales Price
April
1,800 1,700
down 14.7%
from
$1,191,667
last month.
April of
2017
ASP
$1,016,667,
down
17.2%
from $1,228,000
in April
2016
and was at
the lowest
level $1,191,667
compared last
to April
of 2016
2015.
down
14.7% from
month.
April and
2017
ASP was at 1,700 1,600
1,600 1,500
the lowest level compared to April of 2016 and 2015.
1,500 1,400
1,400 1,300
1,300 1,200
1,200 1,100
1,100 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)
10
30.0 30.0
40.0
40.0
20
20
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a
higher MSI
MSI
better
buyers.
April
2017
of 11.0 10
higher
is is
better
for for
buyers.
The The
April
2017
MSI MSI
of 11.0
months
at at
a mid
level
compared
with
April
of 2016
and and
months was
was
a mid
level
compared
with
April
of 2016
0
2015.
2015.
30
40
30
50.0
50.0
50
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 33, up 6.5% from 31 last month and up 26.9% from 26 in 50
was 33, up 6.5% from 31 last month and up 26.9% from 26 in
April of of last
last
year. April
April
2017
Inventory
a mid
April
year.
2017
Inventory
was was
at a at
mid
level level
40
compared
with
April
2016
2015.
compared
with
April
of of
2016
and and
2015. 20.0 20.0
10.0 10.0
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
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Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
24
| Coldwell
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© 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.
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