MA ARCHIVED August 2017 | Page 14

Market Action Report
Cecil
County: Cecil
Market Action Report
County: Cecil
August 2017
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
August 2017
Community Information
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$283,056
1%
7%
Other
$350,054 Trending
-5% versus*: 3%
Month
LM -2%
L3M 0%
PYM 3%
LY
$230,000
$283,056
1% 5% 1%
7% 6%
$252,266
$350,054 490
-5% -2%
3% -21%
$230,000 119
-2% -17%
0% 3% 9%
7%
$252,266 5%
1%
6%
9%
81 13% 3% -21%
490 -2%
-21%
$142 4% 2% -12%
119 -17%
9%
$131 11% 6% 6%
81 13% 3% -21% -11%
4.1 18% 6% -28%
$142 4% 2% -12% 9%
93.6% -.6% -.4% 3.1%
Average List Price of all Current Listings
Market
Trends
August Profile
Median &
Sales
Price Overview
Median
Price of
all Current
August List
Average
Sales
Price Listings
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
August
Sales
Price
August Median
Number
of Properties
Sold
August Average Sales Price
August Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
August Number of Properties Sold
August Sold Price per Square Foot
August Average Days on Market (Solds)
August Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
August Sale Price vs List Price Ratio
August Sold Price per Square Foot
August Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
Trending versus*:
YTD
Prior YTD 7%
Prior Year
$229,941
7%
9%
$242,403
7%
5%
5%
$229,941
$242,403
-11%
7%
806
5%
88
9%
$138
806
3%
11%
$122
88
-4%
-34%
5.3
$138
6%
1.3%
93.7%
3% 7%
-4% 5%
6%
3%
-3%
-18%
6%
1%
-3%
6%
3%
-15%
1%
$131 11% 6% 6% 11%
$122
3%
3%
4.1 18% 6% -28% -34%
5.3 -18%
-15%
Number of 93.7%
Properties
93.6% -.6% -.4% 3.1% 1.3%
1% Sold 1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
August Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
160
August Property sales were 119, up 9.2% from 109 in August of
140
2016 and 16.8% lower than the 143 sales last month. August
Property
2017 sales Sales
were at their highest level compared to August of 160
120
August
Property
were YTD
119, sales
up 9.2%
from are
109 running
in August
of
2016 and
2015. sales
August
of 806
3.2%
140
2016
and
lower year-to-date
than the 143 sales
sales last
month. August
ahead
of 16.8%
last year's
of 781.
100
Prices
The Median Sales Price in August was $230,000, up 3.1% from
Prices
$223,000 in August of 2016 and down 2.3% from $235,500 last
The
Median
Sales
Price Sales
in August
$230,000,
3.1% from up
month.
The
Average
Price was
in August
w as up
$252,266,
350
$223,000
in $238,018
August of 2016
and down
2.3%
from
6.0% from
in August
of 2016
and
up $235,500
5.2% from last
330
month.
The last
Average
Sales
Price in
August
up level
$239,906
month.
August
2017
ASP was
was $252,266,
at the highest
310
6.0%
from $238,018
August
of 2016
and up 5.2% from
compared
to August in of
2016 and
2015.
$239,906 last month. August 2017 ASP was at the highest level
compared to August of 2016 and 2015.
290
270
250
230
210
190
170
150
Inventory & MSI
14
350
330
310
290
270
250
230
210
190
170
150
15
3 Mo Avg
17
Median Sales Price and Average Sales Price
3 Mo Avg
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
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
0
109
16
S O 14
N D J F 15
M A M J J A S O N D J F M 16 A M J J A S O N D J F M A 17 M J J A
14
15
16
17
The Total Inventory
Inventory
& MSI of Properties available for sale as of August
900
was Total
490, Inventory
down 2.0%
from 500 available
last month
The
of Properties
for and
sale down
as of 21.3%
August from
623 490,
in August
of last
year.
2017 and
Inventory
was at
its 900 800
was
down 2.0%
from
500 August
last month
down 21.3%
from
800 700
623
in August
of last year. with
August
2017
at its
lowest
level compared
August
of Inventory
2016 and was
2015.
700 600
lowest level compared with August of 2016 and 2015.
600 500
500 400
A comparatively lower MSI is more beneficial for sellers while 400
a 300
A higher
comparatively
lower MSI
is more The
beneficial
for 2017
sellers
while
a 300 200
MSI is better
for buyers.
August
MSI
of 4.1
200
higher
MSI
is better
for buyers.
August with
2017 August
MSI of 4.1
100
months
was
at its lowest
level The
compared
of 2016
100
months
was at its lowest level compared with August of 2016
0
and 2015.
and 2015.
94
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
14
15
16
17
S O N D J F M A M Median
J J A S O Sales
N D J Price
F M A and
M J Average
J A S O Sales
N D J Price
F M A M J J A
0
0
20
20
40
40
60
60
80
3 Mo Avg
80
100
120
2017 sales were at their highest level compared to August of
2016 and 2015. August YTD sales of 806 are running 3.2%
ahead of last year's year-to-date sales of 781.
Number of Properties Sold
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 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
14
15
16
17
14
15
16
17
Copyright
© Coldwell
Banker Residential
Brokerage | Price
Range: All | Property
Types:
SFH - Con
Copyright
©
Range:
Types:
SFH - Con
14
| Coldwell
c o Banker
l d Residential
w e l l Brokerage
b a n | k Price
er
h o All m | Property
es . c
om
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
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
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0