MA ARCHIVED August 2017 | Page 32

Market Action Report August 2017
Queen Agent Anne Name ’ s Title Phone Community Information Website Other
Market Action Report August 2017

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
$ 424,900
2 %
8 %
Average List Price of all Current Listings
$ 678,243
0 %
11 %
August Median Sales Price
$ 329,500
-4%
-3%
2 %
5 %
$ 330,000
4 %
5 %
August Average Sales Price
$ 352,951
-8%
-9%
3 %
-4%
$ 378,540
3 %
3 %
Total Properties Currently for Sale ( Inventory )
363
-5%
-27%
August Number of Properties Sold
74 -21%
-13%
576
7 %
August Average Days on Market ( Solds )
84
-8%
-6%
6 %
-23%
97
-10%
-11%
Asking Price per Square Foot ( based on New Listings )
$ 195
-4%
-6%
2 %
4 %
$ 200
6 %
6 %
August Sold Price per Square Foot
$ 184
-1%
0 %
16 %
12 %
$ 179
9 %
9 %
August Month ' s Supply of Inventory
4.9
20 %
12 % -16% -36%
5.6
-29%
-26%
August Sale Price vs List Price Ratio
93.2 %
-. 9 % -1.5% . 4 %
1.2 %
93.5 %
1 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
100
August Property sales were 74 , down 12.9 % from 85 in August of
2016 and 21.3 % lower than the 94 sales last month . August
90
Property
2017 sales Sales were at their lowest level compared to August of 2016
100
80
August and 2015 Property . August sales YTD were sales 74 , down of 57612.9 are % running from 857.1 in % August ahead of of
90
2016 last and year 21.3 ' s year-to-date % lower than sales the 94 of 538 sales . last month . August
2017 sales were at their lowest level compared to August of 2016
80
70
60
and 2015 . August YTD sales of 576 are running 7.1 % ahead of
70
50
last year ' s year-to-date sales of 538 .
60
40

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

50 30
Number of Properties Sold
Number of Properties Sold
40
20
30
10
20
0
10
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
14
15
16
17
Prices
The Median Sales Price in August was $ 329,500 , up 2.2 % from
Prices
$ 322,500 in August of 2016 and down 4.5 % from $ 345,000 last
The month Median . The Sales Average Price Sales in August Price was in August $ 329,500 was , up $ 352,951 2.2 % from , up
450
$
2.7 322,500 % from in $ August 343,559 of 2016 in August and down of 2016 4.5 and % from down $ 345,000 8.4 % from last
S
O N D
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
J
A
14
15
16
17
450
Median Sales Price and Average Sales Price
3 Mo Avg
400
3 Mo Avg
month
$ 385,193 . The last Average month Sales . August Price in 2017 August ASP was $ at 352,951 a mid , range up
2.7 compared % from $ 343,559 to August in of August 2016 of and 2016 2015 and . down 8.4 % from
400
350
$ 385,193 last month . August 2017 ASP was at a mid range
compared to August of 2016 and 2015 .
350
300
54 52 58 70 27 35 49 54 55 95 93 87 77 60 45 71
3 Mo Avg
54 52 58 70 27 35 49 54 55 95 93 87 77 60 45 71 44 38 46 65 85 92 83 85 70 49 58 74 46 44 60 89 77 92 94 74
44 38 46 65 85 92 83 85 70 49 58 74 46 44 60 89 77
3 Mo Avg
92 94 74
300
250
200
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of August The was Total 363 , Inventory down 5.5 of % Properties from 384 last available month for and sale down as of 27.1 August % from was 498363 in , August down 5.5 of % last from year 384 . August last month 2017 and Inventory down 27.1 was % from at its 700 498 lowest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its 600 lowest level compared with August of 2016 and 2015 . 500 400 A comparatively lower MSI is more beneficial for sellers while 300 a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial August for 2017 sellers MSI while of 4.9 a 200
higher months MSI was is better at its lowest for buyers level . The compared August with 2017 August MSI of 4.9 of 2016 months was at its lowest level compared with August of 2016
100 and 2015 . and 2015 .
0
250
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
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
25.0
600
25.0
20.0
500
20.0
400
300
15.0
15.0
10.0
200
10.0
100
5.0
5.0
0
0.0
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
S
O N D J
F M A 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
0.0
629 607
629 571
607 518
571
516 518
570 516
519 614
638 570 602
519
614 638
616
602 616
617 611
568 617
512 611
464
568 454 447
512
485 464
496 454
496 447
504 485
498 496
498 496
475 504
452 498
412 498
361 475 350 452
359 412
378 361 403 350 398 359
382 378
384 403
363
398
382 384 363
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 .