MA ARCHIVED February 2017 | Page 28

Market Action Report February 2017
Community Phone Information
Market Action Report February 2017

County : Montgomery

Price Range : $ 1,000,000 and Up | 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
$ 1,599,000
0 %
-0%
Average List Price of all Current Listings
$ 2,126,935
-1%
6 %
February Median Sales Price
$ 1,375,000
8 %
2 %
-0%
5 %
$ 1,330,000
0 %
2 %
February Average Sales Price
$ 1,622,269
6 %
5 %
-7%
7 %
$ 1,584,834
-2%
5 %
Total Properties Currently for Sale ( Inventory )
439
3 %
20 %
February Number of Properties Sold
66
40 %
35 %
113
30 %
February Average Days on Market ( Solds )
79
13 %
10 % -17%
22 %
75
-9%
15 %
Asking Price per Square Foot ( based on New Listings )
$ 356
-12% -6%
17 %
1 %
$ 378
8 %
8 %
February Sold Price per Square Foot
$ 377
-4%
5 %
-7%
11 %
$ 384
1 %
13 %
February Month ' s Supply of Inventory
6.7 -27% -7% -11%
-4%
7.9
-4%
13 %
February Sale Price vs List Price Ratio
95.2 %
1.8 % 1.1 % 2.3 %
. 2 %
94.5 %
1 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Montgomery

Agent Name Title

Community Phone Information

Website
Other
Property Sales
160
February Property sales were 66 , up 34.7 % from 49 in February of 2016 and 40.4 % higher than the 47 sales last month .
Property
February 2017
Sales sales were at their highest level compared to
February Property sales were 66 , up 34.7 % from 49 in February
February of 2016 and 2015 . February YTD sales of 113 are of 2016 and 40.4 % higher than the 47 sales last month . running 29.9 % ahead of last year ' s year-to-date sales of 87 .
February 2017 sales were at their highest level compared to
February of 2016 and 2015 . February YTD sales of 113 are
160
140
120
140
120
100
80
Number of Properties Sold
3 Mo Avg
running 29.9 % ahead of last year ' s year-to-date sales of 87 .
100
60
80
40
60
40
20
20
0
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
0
14
15
16
17
M
A M J
Prices
14
The Median Sales Price in February was $ 1,375,000 , down 0.4 %
Prices
1,800 from $ 1,380,000 in February of 2016 and up 7.5 % from
The
$ 1,279,000 Median Sales last Price month in . February The Average was $ Sales 1,375,000 Price , in down February 0.4 %
1,800 from 1,380,000 in February of 2016 and up 7.5 % from
1,700 was $ 1,622,269 , down 6.7 % from $ 1,737,948 in February of
$
2016 1,279,000 and up last 5.9 month
% from . The
$ 1,532,267 Average Sales last month Price in
. February February
20171,7001,600 was $ 1,622,269 , down 6.7 % from $ 1,737,948 in February of
ASP was at a mid range compared to February of 2016 and 2015 .
2016 and up 5.9 % from $ 1,532,267 last month . February 2017
1,6001,500
ASP was at a mid range compared to February of 2016 and 2015 .
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
Median
15 Sales Price and Average
16 Sales Price
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
1,500
1,400
1,400 1,300
63 62 86 99 97 75 78 67 53 68 35 29 67 77 89 117 127 99 73 51 70 67 38 49 51 102 94 140 95 103 53 67 60 75 47 66
1,300
1,200
1,200
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
14 M J
J
A S O N D
J
F M15A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F
17
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
February Total Inventory was 439 , of up Properties 2.8 % from available 427 last for month sale as and of up 20.3 %
February was 439 , up 2.8 % from 427 last month and up 20.3 %
700 from 365 in February of last year . February 2017 Inventory was
700
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
14.0
14.0
12.0
from at its 365 highest in February level compared of last year with . February February 2017 of Inventory 2016 and was 2015 .
600 at its highest level compared with February of 2016 and 2015 .
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 higher MSI is better for buyers . The February 2017 MSI of
6.7200 higher MSI is better for buyers . The February 2017 MSI of 6.7 months was at its lowest level compared with February of 2016 months was at its lowest level compared with February of 2016
100 and and 2015
2015 .
.
0
12.0
500
10.0
400
8.0
300
6.0
200
4.0
100
2.0
0
0.0
M
A
M AJ
MJ AJ
SJ OA NS DO JN FDMJ
AFMM J
AJ MA JS JO AN SD OJ
NF MD AJ
MF MJ
JA AM SJ
OJ NAD S J
OF N D J
F
14
14
15
15
16
16
17
17
10.0
8.0
6.0
4.0
2.0
0.0
379
63
452 379
62
530
452 540 86 530 486
99 540 465
97 75
486 540
465 530
419 78
540
343 67
530
53 68
328 419
348 343
427 328
35 526
348
Number of Properties Sold
29 67 77 89 117 127 99
564
427 566 526
538 495
564
543 566
526 538
444 495 543 349
73 526 339
51
444 464
365 70 349
67 573 339
38
555 365
49
464 564 525
51
573 555
547 564
536 525
488
102 94 140
488
490 95 424
547 103 427
536 53 439
490 67
424 60 427
3 Mo Avg
75
439 47 66
28 | 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 : $ 1,000,000 and Up | 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 .