Market Action Report August 2016
Community Information
Market Action Report August 2016
County : Cecil
Price Range : All | 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 |
$ 268,995 |
0 % |
|
2 % |
|
|
|
|
Average List Price of all Current Listings |
$ 351,321 |
4 % |
|
14 % |
|
|
|
|
August Median Sales Price |
$ 223,950 |
3 % |
2 % |
-2% |
4 % |
$ 214,950 |
0 % |
0 % |
August Average Sales Price |
$ 239,110 |
2 % |
1 % |
1 % |
1 % |
$ 229,981 |
-6% |
-3% |
Total Properties Currently for Sale ( Inventory ) |
596 |
-3% |
|
-21% |
|
|
|
|
August Number of Properties Sold |
108 |
-3% |
|
6 % |
|
780 |
19 % |
|
August Average Days on Market ( Solds ) |
102 |
32 % |
19 % |
5 % |
-1% |
92 |
-18% |
-11% |
Asking Price per Square Foot ( based on New Listings ) |
$ 155 |
17 % |
16 % |
14 % |
17 % |
$ 130 |
-4% |
-2% |
August Sold Price per Square Foot |
$ 124 |
11 % |
6 % |
-2% |
1 % |
$ 119 |
-1% |
-3% |
August Month ' s Supply of Inventory |
5.5 |
-0% |
4 % |
-25% -38% |
6.4 |
-31% |
-29% |
August Sale Price vs List Price Ratio |
90.9 % -3.2% -2.5% -1.9% |
. 6 % |
92.4 % |
2 % |
2 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
140 August Property sales were 108 , up 5.9 % from 102 in August of 2015 and 2.7 % lower than the 111 sales last month . August 2016 120 Property Sales sales were at their highest level compared to August of 2015 and 140 August Property sales were 108 , up 5.9 % from 102 in August of 2014 . August YTD sales of 780 are running 19.1 % ahead of last 100 2015 and 2.7 % lower than the 111 sales last month . August 2016 120 sales
year were
' s year-to-date at their highest
sales level
of 655 compared
. to August of 2015 and
80
2014 . August YTD sales of 780 are running 19.1 % ahead of last 100 year ' s year-to-date sales of 655 .
60 80
Prices The Median Sales Price in August was $ 223,950 , down 2.2 % Prices from $ 229,001 in August of 2015 and up 3.2 % from $ 217,000 The last Median month Sales . The Price Average in August Sales Price was $ 223,950 in August
, down was 2.2 $ 239,110 %
, up 350 from $ 229,001 in August of 2015 and up 3.2 % from $ 217,000 0.7 % from $ 237,511 in August of 2015 and up 2.2 % from last month . The Average Sales Price in August was $ 239,110 , up
330
$ 234,021 last month . August 2016 ASP was at a mid range 0.7 % from $ 237,511 in August of 2015 and up 2.2 % from 310 compared to August of 2015 and 2014 . $ 234,021 last month . August 2016 ASP was at a mid range 290 compared to August of 2015 and 2014 .
270 250 230 210 190 170 150
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of August
The was Total 596 , Inventory down 3.1 % of from Properties 615 last available month for and sale down as of 21.1 August % from was 596 , down 3.1 % from 615 last month and down 21.1 % from 900 755 in August of last year . August 2016 Inventory was at its 755 in August of last year . August 2016 Inventory was at its 800 lowest level compared with August of 2015 and 2014 . lowest level compared with August of 2015 and 2014 .
700 600 500 400 A comparatively lower MSI is more beneficial for sellers while A comparatively lower MSI is more beneficial for sellers while a 300 a higher
higher MSI
MSI is is better
better for
for buyers
buyers . The
. The August
August 2016
2016 MSI
MSI of 5.5
of 5.5 200
months months was was at at its its lowest lowest level level compared compared with with August August of 2015 of 2015 100 and and 2014 2014 . . 0
60 40 20 0
40 20
Number of Properties Sold
0 |
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 |
J |
A |
13 |
|
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
|
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
Median Sales
15 Price and Average Sales 16Price
|
J |
A |
3 Mo Avg |
Median Sales Price and Average Sales Price |
|
|
|
64 71 66 61 45 40 45 59 75 70 67 78 89 75 80 83 67 45 65 85 86 97 108 102 98 97 66 94 81 73 71 102 109 125 111 108
S 13
350 330 310 290 270 250 230 210 190 170 150
S 13
900 800 700 600
720
500 400 300 200 100 0
S 13
Cecil
64 71
Agent Name
66
Title Phone Website Other
Community Information
61 45 40 45 59 75
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 |
J |
A |
|
O
13 N D
|
J |
F
14 M A M J
|
J |
A S O N D |
J |
F M15A M J |
J |
A S O N D |
J |
F M A16M J |
J |
A |
|
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
Total Inventory & Month ' s Supply of Inventory ( MSI ) |
713
724 720
678 713
678 724
683 678
708 678
683 767
708 814
767
847 827
814
O SN OD NJ FD MJ
AF M JA M J
13 14 14
70 67
826 847
839 827
810 826
739 839
667
810 643 647
739
663 667
643 701
647 774
663 793
701 783
755 774
777 793
749 783
709 755
649 777
J A S O NF DM JA MF MJ A M J
15
J A S O N D J 15
Number of Properties Sold
78 89 75 80 83 67 45 65 85 86 97 108 102 98 749
J A S O N D J 16
97 709
66 94 81 73
3 Mo Avg
71
3 Mo Avg
586 571 594
649 617 586 612 571 603 594 615
617 596
612
102
109
18.0 16.0 14.0 12.0
603
615
10.0 8.0 6.0 4.0 2.0 0.0
125 596
J A S O FN MD AJMF JMJ AA M J J A
16
3 Mo Avg
111 108
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
14 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | 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 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 .