MA ARCHIVED February 2017 | Page 41

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

County : Sussex

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
$ 1,725,000
-1%
5 %
Average List Price of all Current Listings
$ 1,993,319
-1%
5 %
February Median Sales Price
$ 1,522,500
-2%
2 %
-8%
2 %
$ 1,522,500
10 %
2 %
February Average Sales Price
$ 1,668,269
8 %
4 %
-24%
1 %
$ 1,616,490
-2%
-2%
Total Properties Currently for Sale ( Inventory )
153
-1%
-10%
February Number of Properties Sold
13
30 %
333 %
23
92 %
February Average Days on Market ( Solds )
162
15 % -23% 15 %
-26%
153
6 %
-30%
Asking Price per Square Foot ( based on New Listings )
$ 707
40 %
13 %
6 %
16 %
$ 610
-3%
0 %
February Sold Price per Square Foot
$ 731
35 %
25 %
-7%
37 %
$ 649
23 %
22 %
February Month ' s Supply of Inventory
11.8 -24% -3% -79% -49%
13.6
-63%
-41%
February Sale Price vs List Price Ratio
89.1 % -12.4% -2.9% 7.7 % -4.8%
94.6 %
-11%
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales February Property sales were 13 , up 333.3 % from 3 in February of 2016 and 30.0 % higher than the 10 sales last month . Property February 2017
Sales sales were at their highest level compared to 25 February Property sales were 13 , up 333.3 % from 3 in February February of 2016 and 2015 . February YTD sales of 23 are of 2016 and 30.0 % higher than the 10 sales last month . running 91.7 % ahead of last year ' s year-to-date sales of 12 . February 2017 sales were at their highest level compared to 20 February of 2016 and 2015 . February YTD sales of 23 are running 91.7 % ahead of last year ' s year-to-date sales of 12 .
15

Sussex

Agent Name
25
20
15
10
Title Phone Website Other

Community Information

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
5
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 $ 1,522,500 , down 7.7 %
Prices
2,300 from $ 1,650,000 in February of 2016 and down 2.1 % from
The
$ 1,555,000 Median Sales last month Price in . February The Average was $ Sales 1,522,500 Price , in down February 7.7 %
2,300 from 1,650,000 in February of 2016 and down 2.1 % from
2,100 was $ 1,668,269 , down 23.9 % from $ 2,191,667 in February of
$
2016 1,555,000 and up last 7.7 month
% from . The
$ 1,549,178 Average Sales last month Price in
.
February February
20172,1001,900 was $ 1,668,269 , down 23.9 % from $ 2,191,667 in February of
ASP was at the lowest level compared to February of 2016 and
2016 and up 7.7 % from $ 1,549,178 last month . February 2017
2015 .
1,9001,700
ASP was at the lowest level compared to February of 2016 and
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
2015 .
1,700
1,500
1,500
1,300
1,300
1,100
1,100
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 153 , of down Properties 1.3 % from available 155 last for sale month as of and down
February was 153 , down 1.3 % from 155 last month and down
250
10.0 % from 170 in February of last year . February 2017
10.0
Inventory % from was 170 in at February a mid level of last compared year . February with February 2017 of 2016
200
Inventory and 2015 was . at a mid level compared with February of 2016 and 2015 .
150
A comparatively lower MSI is more beneficial for sellers while
100 a
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The February 2017 MSI of 11.8 higher MSI is better for buyers . The February 2017 MSI of 11.8
50 months was at its lowest level compared with February of 2016 months was at its lowest level compared with February of 2016 and and 2015
2015 .
.
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
250
70.0
200
60.0
150
50.0
40.0
100
30.0
50
20.0
10.0
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
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
147 5
5 9
9
162
147 164
167 162 14 17
14 17 6 7 6 7 20
169 164
167 167
172 169
170 167
157 172 13 170 140
20 13 7 9
7 11 157
139 9 140
143 151
11
7 6
7 6 11 13 6
11 13 6 8 8 12 8 8 12 5 8
5 8 4 9 3 4 8 11 12 11 10 13 13 10 17 10 13
139 159 143 158 151 173 159 184 158
181
184 173
187 184
175 181
159 184
160 187
170 175
159 195
160 195
170 192
197 195 203
195 195 192
195 197
193 203
171 195
157 195
155 193
153 171
4 9 3 4 8 11 12 11 10 13 13
157 10
155 17
153 10 13
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 .
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