Market Action Report August 2016
Kent Community Information
Market Action Report August 2016
County : Kent
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 |
$ 289,500 |
14 % |
|
26 % |
|
|
|
|
Average List Price of all Current Listings |
$ 445,203 |
5 % |
|
-3% |
|
|
|
|
August Median Sales Price |
$ 210,000 |
11 % |
0 % |
14 % |
14 % |
$ 191,000 |
3 % |
3 % |
August Average Sales Price |
$ 254,667 |
1 % |
0 % |
19 % |
0 % |
$ 250,821 |
-4% |
-1% |
Total Properties Currently for Sale ( Inventory ) |
271 |
-5% |
|
-22% |
|
|
|
|
August Number of Properties Sold |
28 -13% |
12 % |
205 |
26 % |
August Average Days on Market ( Solds ) |
138 |
14 % -14% -26% -14% |
176 |
2 % |
10 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 150 |
0 % |
-6% |
-3% |
-11% |
$ 160 |
-6% |
-5% |
August Sold Price per Square Foot |
$ 135 |
-6% |
5 % |
-12% |
-3% |
$ 121 |
-14% |
-13% |
August Month ' s Supply of Inventory |
9.7 |
9 % |
7 % |
-31% -42% |
13.5 |
-27% |
-20% |
August Sale Price vs List Price Ratio |
86.9 % |
. 1 % -1.6% -. 7 % |
-. 1 % |
86.8 % |
-0% |
-0% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales August Property sales were 28 , up 12.0 % from 25 in August of 2015 and 12.5 % lower than the 32 sales last month . August Property Sales 2016 sales were at their highest level compared to August of 40 August Property sales were 28 , up 12.0 % from 25 in August of 2015 and 2014 . August YTD sales of 205 are running 25.8 % 2015 and 12.5 % lower than the 32 sales last month . August 35 2016
ahead sales
of last were
year at their
' s year-to-date highest level
sales compared
of 163 . to August of
30
2015 and 2014 . August YTD sales of 205 are running 25.8 % ahead of last year ' s year-to-date sales of 163 .
25
Prices The Median Sales Price in August was $ 210,000 , up 13.5 % from Prices $ 185,000 in August of 2015 and up 11.2 % from $ 188,850 last The month
Median . The
Sales Average
Price
Sales in August
Price was in August
$ 210,000 was
, up $ 254,667 13.5 % from
, up 600 $ 185,000 in August of 2015 and up 11.2 % from $ 188,850 last 19.5 % from $ 213,137 in August of 2015 and up 1.5 % from month . The Average Sales Price in August was $ 254,667 , up
550 $ 250,943 last month . August 2016 ASP was at the highest level 19.5 % from $ 213,137 in August of 2015 and up 1.5 % from 500 compared to August of 2015 and 2014 . $ 250,943 last month . August 2016 ASP was at the highest level 450 compared to August of 2015 and 2014 .
400 350 300 250 200 150 100
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of August
The was Total 271 , Inventory down 4.9 % of from Properties 285 last available month for and sale down as of 22.3 August % from was 271 , down 4.9 % from 285 last month and down 22.3 % from 450 349 in August of last year . August 2016 Inventory was at its 349 in August of last year . August 2016 Inventory was at its 400 lowest level compared with August of 2015 and 2014 . lowest level compared with August of 2015 and 2014 .
350 300 250 200 A comparatively lower MSI is more beneficial for sellers while A comparatively lower MSI is more beneficial for sellers while a 150 a higher
higher MSI
MSI is is better
better for
for buyers
buyers . The
. The August
August 2016
2016 MSI
MSI of 9.7
of 9.7 100
months months was was at at its its lowest lowest level level compared compared with with August August of 2015 of 2015 50 and and 2014 2014 . .
0
20 15 10 5 0
40 35 30 25 20 15 10 5
S 13
376
S 13
11 20 15 21 13 7 15
Number of Properties Sold
8 19 23 25 23 19 26 19 25 13 9 21 19 19 31 26 25 27 27 17 27 15 11 14 34 37 34 32 28
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 ) |
50.0 |
50.0 |
40.0 |
40.0 |
352 11
332 20
315 15
Agent Name
Title Phone Website Other
21 13 7 15 8 19
306 332
313 315
306 337
313 366
337 381 381
366 388 381
23 25 23
Number of Properties Sold
19 26 19 25 13
3 Mo Avg
379 381
380 388
372 379
336 380
310
372 303 308
336
321 310
303 347
308 347
321 352
342 347
349 347
341 352
327 342
316 349
291 341 273 327
274
316 295 291 293 273 295 274 293
295 285
293 271
295
0.0
O SN OD NJ FD MJ
AF M JA JM AJ S J OAN SD OJ
NF DM JA MF MJ AJ MA SJ
OJ NA DS JO FN MD AJMF JMJ AA M J J A
13 14 14
15 15
16 16
9
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 |
|
|
|
|
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
13
14
Median Sales 15Price and Average Sales
16 Price
|
J |
A |
3 Mo Avg |
|
600
550
|
Median Sales Price and Average Sales Price |
3 Mo Avg |
500 |
|
|
450 |
|
|
400 |
|
|
350 |
|
|
300 |
|
|
250 |
|
|
200 |
|
|
150 |
|
|
100 |
|
|
450 400 350 300 250 200 150 100 50 0
Kent Community Information
376 352
21 19 19 31 26 25 27 27 17 27 15 11 14 34 37
30.0
293
285
20.0 10.0
3 Mo Avg
34
271 32 28
30.0 20.0 10.0 0.0
26 | 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 .