MA ARCHIVED August 2016 | Page 32

Market Action Report August 2016
Queen Agent Anne Name ’ s Title Phone Community Information Website Other
Market Action Report August 2016

County : Queen Annes

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
$ 400,000
-1%
7 %
Average List Price of all Current Listings
$ 636,521
5 %
5 %
August Median Sales Price
$ 318,000
4 %
0 %
12 %
10 %
$ 315,750
11 %
9 %
August Average Sales Price
$ 341,892
-4%
-7%
-7%
-4%
$ 368,274
5 %
3 %
Total Properties Currently for Sale ( Inventory )
480
-2%
-22%
August Number of Properties Sold
83
0 %
-5%
536
8 %
August Average Days on Market ( Solds )
77 -23% -22% -27% -38%
108
-8%
-14%
Asking Price per Square Foot ( based on New Listings )
$ 194
0 %
1 %
7 %
2 %
$ 190
-1%
0 %
August Sold Price per Square Foot
$ 162
-4%
-1%
-7%
-1%
$ 164
1 %
0 %
August Month ' s Supply of Inventory
5.8
-2%
2 %
-18% -44%
7.9
-29%
-24%
August Sale Price vs List Price Ratio
93.1 %
-. 4 % -. 0 %
. 3 %
3.8 %
92.2 %
2 %
3 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Queen Agent Anne Name ’ s Title Phone Community Information Website Other

Property Sales
100
August Property sales were 83 , down 4.6 % from 87 in August of
2015 and the same as the 83 sales last month . August 2016
Property Sales sales were at a mid level compared to August of 2015 and
2014100 .
August Property sales were 83 , down 4.6 % from 87 in August of
August YTD sales of 536 are running 8.3 % ahead of last year ' s
90
2015 and the same as the 83 sales last month . August 2016 sales year-to-date were at a sales mid level
of 495 compared
. to August of 2015 and 2014 .
80
90
80
70
60
Number of Properties Sold
3 Mo Avg
August YTD sales of 536 are running 8.3 % ahead of last year ' s year-to-date sales of 495 .
70
60
50
40
50
30
40
20
30
10
20
10
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
0
13
14
15
16
Prices
The Median Sales Price in August was $ 318,000 , up 12.5 % from
Prices
$ 282,750 in August of 2015 and up 4.3 % from $ 305,000 last
The month Median
. The Sales
Average
Price Sales in August
Price was in August
$ 318,000 was
, up $ 341,892 12.5 % from
, down
450
$ 282,750 in August of 2015 and up 4.3 % from $ 305,000 last
7.2 % from $ 368,454 in August of 2015 and down 4.0 % from month . The Average Sales Price in August was $ 341,892 , down
$ 355,980 last month . August 2016 ASP was at a mid range
7.2 % from $ 368,454 in August of 2015 and down 4.0 % from
400 compared to August of 2015 and 2014 .
$ 355,980 last month . August 2016 ASP was at a mid range
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
Median Sales
15 Price and Average Sales 16Price
450
Median Sales Price and Average Sales Price
3 Mo Avg
400
350
3 Mo Avg
compared to August of 2015 and 2014 .
350
300
300 250
58 39 50 41 28 29 24 43 41 57 70 59 54 52 58 70 27 35 49 54 55 95 93 87 77 60 45 71 44 38 46 65 85 92 83 83
250
200
200
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 480 , Inventory down 2.0 of % Properties from 490 available last month for and sale down as of August 22.1 % from was 480 , down 2.0 % from 490 last month and down 22.1 % from
700
616 in August of last year . August 2016 Inventory was at its
616 lowest in August level compared of last year with . August
August
2016 of Inventory 2015 and was 2014 at . its
600 lowest level compared with August of 2015 and 2014 .
500
400
700
600
500
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
20.0
15.0
25.0
20.0
15.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher higher MSI
MSI is is better
better for
for buyers
buyers . The
. The August
August 2016
2016 MSI
MSI of 5.8
of 5.8 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
300
10.0
200
100
5.0
0
0.0
S
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
10.0
5.0
0.0
13
13
14
14
15
15
16
16
569
58
578 569 531
39 578 474
50 531
466 41 28
478 474
466 519
29 24 43 41
478 571
519 609 608
571 629 609 608
57
625 629
70
Number of Properties Sold
59 54 52 58 70 27 35 49 54 55 95 93
629 607
625 571
629 518
607
516 519
571
518 570
516 614
519 638
601 570
615 614
616 638
610 601
566 615
510 616
87 610
462 452
77 566
60 45 71 44 38 46
445
510 483 462 494 452 493 445 496 483 490
494 480
493 65
496 85 490
3 Mo Avg
92
480 83 83
32 | 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 .