MA ARCHIVED August 2016 | Page 36

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

County : Talbot

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
$ 495,000
-0%
2 %
Average List Price of all Current Listings
$ 977,963
-0%
4 %
August Median Sales Price
$ 293,065
-8%
-5% -10%
-2%
$ 300,000
8 %
0 %
August Average Sales Price
$ 436,349
5 %
-1% -19% -11%
$ 440,441
-6%
-10%
Total Properties Currently for Sale ( Inventory )
485
-6%
-13%
August Number of Properties Sold
48 -21%
-13%
375
4 %
August Average Days on Market ( Solds )
131 -10% -2% -14% -11%
140
-1%
-5%
Asking Price per Square Foot ( based on New Listings )
$ 168
-40% -21% -10% -22%
$ 227
6 %
6 %
August Sold Price per Square Foot
$ 179
-14% -9%
6 %
11 %
$ 182
17 %
13 %
August Month ' s Supply of Inventory
10.1
20 %
3 %
-0%
-13%
10.1
-15%
-13%
August Sale Price vs List Price Ratio
90.6 %
-. 1 %
. 2 %
3.8 % 3.4 %
89.0 %
1 %
2 %
* 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 48 , down 12.7 % from 55 in August of 2015 and 21.3 % lower than the 61 sales last month . August 2016 Property Sales sales were at a mid level compared to August of 2015 and 201470
.
August Property sales were 48 , down 12.7 % from 55 in August of August YTD sales of 375 are running 3.9 % ahead of last year ' s 2015 and 21.3 % lower than the 61 sales last month . August 2016 60 sales
year-to-date were at a sales mid level
of 361 compared
. to August of 2015 and 2014 . August YTD sales of 375 are running 3.9 % ahead of last year ' s 50 year-to-date sales of 361 . 40 30 20
70 60 50 40 30 20 10
Number of Properties Sold
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 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
Prices 13 14 Median Sales 15Price and Average Sales 16 Price
3 Mo Avg
The Median Sales Price in August was $ 293,065 , down 10.1 % Prices
800 from $ 326,000 in August of 2015 and down 8.4 % from
Median Sales Price and Average Sales Price
3 Mo Avg
The $ 320,000
Median last
Sales month Price . in The August
Average was $ Sales 293,065
Price , down in August 10.1 % was 800 from $ 326,000 in August of 2015 and down 8.4 % from
700
$ 436,349 , down 19.1 % from $ 539,568 in August of 2015 and up $ 320,000 last month . The Average Sales Price in August was 5.4 % from $ 414,095 last month . August 2016 ASP was at the 700 $ 436,349 , down 19.1 % from $ 539,568 in August of 2015 and up 600 lowest level compared to August of 2015 and 2014 . 5.4 % from $ 414,095 last month . August 2016 ASP was at the 600
500 lowest level compared to August of 2015 and 2014 .
500 400
400 300
40 44 39 34 33 24 33 40 37 47 43 47 49 55 49 38 38 26 42 50 50 41 59 55 43 59 45 40 45 41 43 51 39 47 61 48
300
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 485 , Inventory down 5.6 of % Properties from 514 last available month for and sale down as of 12.9 August % from was 485 , down 5.6 % from 514 last month and down 12.9 % from
700
557 in August of last year . August 2016 Inventory was at its
557 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
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 10.1
of 10.1 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
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
20.0
600
500
15.0
400
300
10.0
200
5.0
100
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
20.0
15.0
10.0
5.0
0.0
13
13
14
14
15
15
16
16
587

Talbot

569 40
587 529
44 569 450
39
Agent Name
Title Phone Website Other

Community Information

34 33 24 33 40 37
449 529
447 450
471 449
447 530
471 548
530
576 560 548
47 576
550
567 43 47
560 553
550
Number of Properties Sold
49 55 49 38 38 26 42 50 50 41
3 Mo Avg
510 567
427
553 431 432
510
427 486
431 544
432 561
486 574
568 544
557 561
545 574
527 568
492 557
433 545 402 527
398 492
435 433 481
402 514
398
514
435 514 481
485 514
59 55 43 59 45 40 45 41 43 51
514 39
514
3 Mo Avg
47
485 61 48
36 | 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 .