MA ARCHIVED August 2017 | Page 26

Market Action Report
Kent
County: Kent
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
$289,900
0%
5%
Other
$464,568 Trending
8% versus*:
10%
Month
LM 11%
L3M 13%
PYM 16%
LY
$243,225
$289,900
0% 11% 10%
5% 13%
$286,066
$464,568 264
8% 1% 10% -5%
$243,225 11%
13% 16% 0%
22%
29 -9%
$286,066 142
11% -5%
10% -7%
13% 6%
11%
264 1%
-5%
$193 14% 19% 34%
29 -9%
0%
$140 6% 3% 3%
142 -5% -7% 6% -18%
9.1 12% -2% -5%
$193 14% 19% 34% 20%
89.7% -.7% -1.8% 2.9%
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 Month's Supply of Inventory
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
$207,000
$288,866
-18%
6%
218
15%
179
20%
$163
218
6%
6%
$148
179
2%
-29%
9.7
$163
3%
3.4%
89.2%
6% 4%
2% 12%
3%
22%
3%
-29%
1%
3%
3%
1%
12%
-25%
3%
3 Mo Avg
40
August Property sales were 29, equal to 29 in August of 2016
and 9.4% lower than the 32 sales last month. August 2017 sales
Property
Sales
were at their
highest level compared to August of 2016 and 40
August
sales sales
were of
29, 218
equal
29 in August
of 2016 of last
2015. Property
August YTD
are to
running
5.8% ahead
and
9.4%
lower than the
32 of
sales
last month. August 2017 sales 35
year's
year-to-date
sales
206.
Number of Properties Sold
35
3 Mo Avg
30
25
30
20
25
15
20
10
15
Prices
The Median Sales Price in August was $243,225, up 15.8% from
Prices
$210,000 in August of 2016 and up 10.6% from $220,000 last
The
Median
Sales
Price Sales
in August
$243,225,
up $286,066,
15.8% from up
month.
The
Average
Price was
in August
was
600
$210,000
in August
of 2016
and up of 10.6%
$220,000
last
12.6% from
$253,989
in August
2016 from
and up
11.2% from
550
month.
The last
Average
Sales
Price in
August
up level
$257,208
month.
August
2017
ASP was
was $286,066,
at the highest
500
12.6%
from $253,989
of 2016
and up 11.2% from
compared
to August in of August
2016 and
2015.
450
400
350
300
250
200
150
100
Inventory & MSI
14
600
550
500
450
400
350
300
250
200
150
100
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)
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
0
37
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
was Total
264, Inventory
up 1.1% from
261 last available
month and
from 279 400
The
of Properties
for down
sale as 5.4%
of August
in August
last from
year.
August
2017 and
Inventory
was from
at its 279
lowest 400 350
was
264, up of
1.1%
261
last month
down 5.4%
350 300
in level
August
of last year.
Inventory
was at its lowest
compared
with August
August 2017
of 2016
and 2015.
level compared with August of 2016 and 2015.
300 250
250 200
200 150
A comparatively lower MSI is more beneficial for sellers while 150
a
100
A higher
comparatively
lower MSI
is more The
beneficial
for 2017
sellers
while
a
MSI is better
for buyers.
August
MSI
of 9.1
100
higher
MSI
is better
for buyers.
August with
2017 August
MSI of 9.1
50
months
was
at its lowest
level The
compared
of 2016
50
months
was at its lowest level compared with August of 2016
0
and 2015.
and 2015.
27
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 J Median
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
5
5
10
$257,208 last month. August 2017 ASP was at the highest level
compared to August of 2016 and 2015.
Trending versus*:
$140 6% 3% 3% 6%
$148
22%
12%
9.1 12% -2% -5% -29%
9.7 -29%
-25%
Number of 89.2%
Properties
89.7% -.7% -1.8% 2.9% 3.4%
3% Sold 3%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
were at their highest level compared to August of 2016 and
2015. August YTD sales of 218 are running 5.8% ahead of last
year's year-to-date sales of 206.
Trending versus*:
Prior YTD Prior Year
YTD
Prior YTD 6%
Prior Year 4%
22% YTD
$207,000
11%
$288,866
15%
12%
County: Kent
Agent Name
Market Action Report
August 2017
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
© | Coldwell
Price
| Property
SFH - Con
26
c o Banker
l d Residential
w e l l Brokerage
b a n | k
e Range:
r h o All m
e s . Types:
com
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.
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0