MA ARCHIVED August 2016 | Page 20

Market Action Report August 2016
Community Information
Market Action Report August 2016

County : Frederick

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
$ 374,000
4 %
8 %
Average List Price of all Current Listings
$ 411,914
3 %
8 %
August Median Sales Price
$ 299,050
-7%
-4%
8 %
5 %
$ 297,000
3 %
4 %
August Average Sales Price
$ 322,220
-2%
-1%
8 %
5 %
$ 317,490
4 %
3 %
Total Properties Currently for Sale ( Inventory )
1,395
-6%
-16%
August Number of Properties Sold
396
2 %
16 %
2,669
6 %
August Average Days on Market ( Solds )
58
4 %
2 %
-2%
-15%
67
2 %
-1%
Asking Price per Square Foot ( based on New Listings )
$ 145
6 %
2 %
6 %
6 %
$ 141
2 %
3 %
August Sold Price per Square Foot
$ 139
5 %
2 %
13 %
7 %
$ 134
5 %
3 %
August Month ' s Supply of Inventory
3.5
-8%
-2% -28% -31%
4.4
-15%
-14%
August Sale Price vs List Price Ratio
96.2 %
-. 4 % -. 3 %
. 9 %
1.3 %
95.7 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
600 August Property sales were 396 , up 15.8 % from 342 in August of 2015 and 2.1 % higher than the 388 sales last month . August Property Sales
500
2016 sales were at their highest level compared to August of 600 August Property sales were 396 , up 15.8 % from 342 in August of 2015 and 2014 . August YTD sales of 2,669 are running 5.9 % 2015 and 2.1 % higher than the 388 sales last month . August
500 400
2016
ahead sales
of last were
year at their
' s year-to-date highest level
sales compared
of 2,520 to
.
August of 2015 and 2014 . August YTD sales of 2,669 are running 5.9 %
400 300 ahead of last year ' s year-to-date sales of 2,520 .

Frederick

Agent Name
Title Phone Website Other

Community Information

300 200
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
200 100
100
0
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
267 278 228 247 174 164 215 241 324 356 294 381 277 292 231 251 179 206 264 279 355 513 382 342 340 318 247 333 205 227 275 330 410 438 388 396
S
13
267 278 228 247
Prices
The Median Sales Price in August was $ 299,050 , up 8.5 % from
Prices
$ 275,700 in August of 2015 and down 6.5 % from $ 319,950 last
The month Median
. The Sales
Average
Price Sales in August
Price was in August
$ 299,050 was
, up $ 322,220 8.5 % from
, up
350
$ 275,700 in August of 2015 and down 6.5 % from $ 319,950 last
7.9 % from $ 298,518 in August of 2015 and down 2.4 % from month . The Average Sales Price in August was $ 322,220 , up
340
$ 330,138 last month . August 2016 ASP was at the highest level
7.9 % from $ 298,518 in August of 2015 and down 2.4 % from
330 compared to August of 2015 and 2014 .
$ 330,138 last month . August 2016 ASP was at the highest level
320 compared to August of 2015 and 2014 .
310
300
350
340
330
320
310
300
290
3 Mo Avg
290
280
280
270
270
260
260
250
250
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
S
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
13
14
15
16
Inventory & MSI
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 1,395 Inventory , down 5.9 of % Properties from 1,482 available last month for sale and as down of August 16.2 %
2,000 was 1,395 , down 5.9 % from 1,482 last month and down 16.2 %
2,000 from 1,664 in August of last year . August 2016 Inventory was at from its lowest 1,664 in level August compared of last year with . August August of 2016
2015 Inventory and 2014 was
. at
1,500 its lowest level compared with August of 2015 and 2014 .
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
1,000
1,000
5.0
4.0
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a higher higher MSI
MSI is is better
better for
for buyers
buyers . The
. The August
August 2016
2016 MSI
MSI of 3.5
of 3.5
500 months months was was at at its its lowest lowest level level compared compared with with August August of 2015 of 2015 and and 2014 2014 . .
0
3.0
500
2.0
1.0
0
0.0
S
O
NS OD NJ
FD MJ
AF
M JA JM AJ
S JOAN SD OJ
NF DM JA
MF MJ
AJ
MA SJ
OJ NA DS JO FNM DAJMF
JMJ A M J
J A
13
13
14
14
15
15
16
16
1,368 1,332 1,263 1,159 1,118 1,119
174
1,368 1,332 1,263 1,159 1,118 164 215
1,253 1,433 1,535
241
1,119 1,253
1,433 324 356 294
1,641 1,680 1,535 1,683
1,629
1,580 381 277 292 231
1,641 1,680 1,683 1,629 1,580
1,462
251
1,462 1,358 1,272 1,283 1,360 179 206 264
1,508 1,618 1,665
1,508 1,725
1,358 1,272 1,283 1,360
279 355 513 382
1,618 1,665 1,725 1,664 342 340 318
1,664 1,691 1,654
1,481 1,345 1,247 1,226
247
1,691 1,654
1,481
1,345 333 205 227 275
1,362 1,414 1,247 1,434 1,226 1,496 1,362 1,482 1,395 330 410
1,414 1,434 1,496
438 388
1,482 1,395
396
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
20 | 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 .