MA ARCHIVED December 2017 | Page 27

Market Action Report
December 2017
County: Sussex
SUSSEX
Market Action Report
Agent Name
December 2017
Title
Phone
Agent
Name
Website
Title
Other
Community
County: Sussex Information
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
LM
Trending versus*:
L3M PYM
LY
Trending versus*:
Prior YTD Prior Year
YTD
$1,749,900 0%
3%
Trending versus*:
$1,982,115 Trending
0% versus*:
-1%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,255,000
2%
2%
$1,749,900
0% -19% -17%
3% -16% -16% $1,525,000
$1,512,751
2%
2%
$1,982,115
0% -1% -7%
-1% 0% -8% $1,679,704
$1,255,000 140
-19% -7%
-17% -16% -10%
-16% $1,525,000
2%
2%
12 33%
163
$1,512,751 -1%
-7% 0% -29%
-8% $1,679,704
2% 35% 2%
166 -27%
-25%
140 116
-7% -49% -22%
-10% -59% -47%
1%
12 $531
33% -20% -18%
-29% -27% -12%
163 $610
35% -1%
116 $322
-49% -38%
-22% -36%
-59% -39%
-47% -39%
166 $531
-27% 0% -25%
0%
$531 11.7
-20% -30%
-18% -14%
-27% 28%
-12% -49% $610 12.3
-1% -46% 1%
-46%
$322
-38% 36.6%
-36% 24.5%
-39% 37.5%
-39% 30.5% $531 95.3%
0%
122.1%
3% 0%
2%
Average List Price of all Current Listings
Market Profile & Trends Overview
December
Sales
Price Listings
Median
List Median
Price of all
Current
December
Sales
Price Listings
Average
List Average
Price of all
Current
Total Properties
December
Median Currently
Sales Price for Sale (Inventory)
December Average
Number
of Properties
Sold
December
Sales
Price
December
Average
Days for
on Sale
Market
(Solds)
Total
Properties
Currently
(Inventory)
Asking Price
per Square
Foot (based
December
Number
of Properties
Sold on New Listi ngs)
December
Days per
on Square
Market Foot
(Solds)
December Average
Sold Price
Asking
Price Month's
per Square
Foot of
(based
on New Listings)
December
Supply
Inventory
December
per
Foot Ratio
December Sold
Sale Price
Price
vs Square
List Price
* LM=Last Month
/ L3M=Last Supply
3 Months / PYM=Same
Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 11.7 -30% -14% 28% -49%
December
Month's
of Inventory
12.3 -46%
-46%
122.1% 36.6% 24.5% 37.5% 30.5%
3% Sold 2%
Number of 95.3%
Properties
December 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
15
10
10
Prices
11
13
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
15
16
17
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
16 Sales Price and Average
17
Median
Sales Price
15
The Median Sales Price in December was $1,255,000, down
Prices
2,300
16.3%
from Sales
$1,500,000
in December
2016 and down
down 19.0%
The
Median
Price in December
was of
$1,255,000,
2,300
from from
$1,550,000
last month.
The Average
Sales
Price
in
16.3%
$1,500,000
in December
of 2016 and
down
19.0%
2,100
December
was $1,512,751,
0.3%
from Sales
$1,507,882
from
$1,550,000
last month. up
The
Average
Price in in
2,100
December
of
2016
and
down
1.5%
from
$1,535,556
last
month.
December was $1,512,751, up 0.3% from $1,507,882 in
1,900
December
was at 1.5%
the from
highest
level compared
to
December
of 2017
2016 ASP
and down
$1,535,556
last month.
1,900
1,700
December
of 2016
and at
2015.
December
2017
ASP was
the highest level compared to
December of 2016 and 2015.
0
5
5
0
3 Mo Avg
20
15
3 Mo Avg
Number of Properties Sold
of 2016 and 2015. December YTD sales of 163 are running
34.7% ahead of last year's year-to-date sales of 121.
25
December Property sales were 12, down 29.4% from 17 in
December Sales
of 2016 and 33.3% higher than the 9 sales last month.
Property
25
December
2017 sales
a mid
compared
December
Property
sales were
were at 12,
down level
29.4%
from 17 to
in December
of
2016
and
2015.
December
YTD
sales
of
163
are
running
December of 2016 and 33.3% higher than the 9 sales last month.
34.7% ahead
last were
year's
sales of 121.
December
2017 of sales
at year-to-date
a mid level compared
to December 20
Property Sales
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
1,700
1,500
1,500
1,300
1,300
1,100
1,100
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 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 17
A M J J A S O N D
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
70.0
60.0
100 100
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a
higher MSI
MSI
better
buyers.
December
of 11.7 50 50
higher
is is
better
for for
buyers.
The The
December
2017 2017
MSI MSI
of 11.7
months
at at
a mid
level
compared
with
December
of 2016
and and
months was
was
a mid
level
compared
with
December
of 2016
0
2015.
0
2015.
J F M
J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S O
N D
J F N M
J A
F M A
J A
S O
D A J M F J M J A A M S J O J N A D S
15 15
16
17
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
50.0
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.
50.0
40.0
30.0
20.0 20.0
10.0 10.0
0.0 0.0
O N D
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.
60.0
30.0
Coldwell Banker Global Luxury SM | 27
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
70.0
40.0
The Total Inventory of Properties available for sale as of
December was 140, down 7.3% from 151 last month and down 250 250
December was 140, down 7.3% from 151 last month and down
9.7% from
from
155
December
of last
year.
December
9.7%
155
in in
December
of last
year.
December
2017 2017
200 200
Inventory
was
lowest
level
compared
December
Inventory
was
at at
its its
lowest
level
compared
with with
December
of of
2016 and
and
2015.
2016
2015.
150 150