MA ARCHIVED February 2017 | Page 36

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

County : Talbot

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
$ 1,790,000
-3%
-0%
Average List Price of all Current Listings
$ 2,432,601
-2%
9 %
February Median Sales Price
$ 1,025,000
-37% -24% -29% -29%
$ 1,450,000
1 %
0 %
February Average Sales Price
$ 1,413,500
-20% -7% -18% -20%
$ 1,569,722
-13%
-11%
Total Properties Currently for Sale ( Inventory )
93
-1%
7 %
February Number of Properties Sold
5
25 %
-17%
9
13 %
February Average Days on Market ( Solds )
33 -85% -76% -64% -84%
114
-49%
-44%
Asking Price per Square Foot ( based on New Listings )
$ 364
-24% -15% -25% -19%
$ 431
4 %
-4%
February Sold Price per Square Foot
$ 307
-3%
-9%
-17%
$ 307
15 %
-17%
February Month ' s Supply of Inventory
18.6 -21% -3%
28 %
-54%
21.1
-26%
-48%
February Sale Price vs List Price Ratio
90.9 %
-. 1 % 4.3 % 5.8 % 8.7 %
91.0 %
14 %
9 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Number of Properties Sold
3 Mo Avg
Property Sales
10
February Property sales were 5 , down 16.7 % from 6 in February of 2016 and 25.0 % higher than the 4 sales last month . February
Property
2017 sales
Sales were at a mid level compared to February of 2016 and
10
February Property sales were 5 , down 16.7 % from 6 in February
2015 . February YTD sales of 9 are running 12.5 % ahead of last
9 of 2016 and 25.0 % higher than the 4 sales last month . February year ' s year-to-date sales of 8 .
2017 sales were at a mid level compared to February of 2016 and
8
9
8
7
6
Number of Properties Sold
3 Mo Avg
2015 . February YTD sales of 9 are running 12.5 % ahead of last year ' s year-to-date sales of 8 .
7
6
5
4
5
3
4
2
3
1
2
0
1
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 $ 1,025,000 , down
Prices
4,000
28.9 % from $ 1,441,250 in February of 2016 and down 36.9 %
The from Median $ 1,625,000 Sales Price last in month February . The was Average $ 1,025,000 Sales , Price down in
4,000
28.9 % from $ 1,441,250 in February of 2016 and down 36.9 %
3,500
February was $ 1,413,500 , down 18.2 % from $ 1,728,570 in from
February $ 1,625,000 of 2016 last and month down
. The
19.9 Average % from Sales $ 1,765,000
Price in last month
3,500 .
3,000
February was $ 1,413,500 , down 18.2 % from $ 1,728,570 in
February 2017 ASP was at a mid range compared to February of
February of 2016 and down 19.9 % from $ 1,765,000 last month .
2016 and 2015 .
3,0002,500
February 2017 ASP was at a mid range compared to February of
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
2016 and 2015 .
2,500
2,000
2,000
1,500
1,500
1,000
1,000
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 93 , down of Properties 1.1 % from available 94 last for month sale as and of up 6.9 %
February was 93 , down 1.1 % from 94 last month and up 6.9 %
160 from 87 in February of last year . February 2017 Inventory was from at a 87 mid in level February compared of last with year . February of 2017 2016 Inventory and 2015 was .
140 at a mid level compared with February of 2016 and 2015 .
120
100
80
A comparatively lower MSI is more beneficial for sellers while a
60
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The February 2017 MSI of 18.6 higher MSI is better for buyers . The February 2017 MSI of 18.6
40 months was at a mid level compared with February of 2016 and months was at a mid level compared with February of 2016 and
20
2015
2015 .
.
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
160
140
140.0
120
120.0
100
100.0
80
80.0
60
60.0
40
40.0
20
20.0
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 JM JA AM SJ
OJ
NAD SJ
OF N D J
F
14
14
15
15
16
16
17
17
140.0
120.0
100.0
80.0
60.0
40.0
20.0
0.0
103

Talbot

1 2 3
Agent Name
Title Phone Website Other

Community Information

3 6 6 6
117 116 121 118 124 126 130 115
103 117 116 121 118
8
96 86
4
124 126 130
115
96 116
97 3 4
86 2
133 137
97 1 150
116 3
133
137 9 3
140 139 139 138
2
123 9 6
150 140 139 139 138
8 123
93 85 87
5 115
3 2 6 1 2 2
130 142 141 144 137 129 125
93 85 87
115
4
111 5 5
130 142 141 144 137 129 125
92 94 93
8
111 7 3
1 2 3 3 6 6 6 8 4 3 4 2 1 3 9 3 2 9 6 8 5 3 2 6 1 2 2 4 5 5 8 7 3 6 4 5
6
92 94 93
4 5
36 | 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 .