MA ARCHIVED February 2018 | Page 40

Market Action Report
February 2018
County: Worcester
WORCESTER
Agent Name
Market Action Report
February 2018
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Worcester
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
LM L3M PYM
LY
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
YTD
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for February was 0, down 100.0%
from 325 days last month and up from 0 days in February of last
year. The February 2018 DOM was at a mid level compared with
February of 2017 and 2016.
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
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16
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5 5 4 550
4 3 3 2 2 1 1 0 0
0.0%
February Sale Price vs List Price Ratio
7
Number of Properties Sold
3 Mo Avg
6
150
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
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16
17
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Median
Sales Price and Average
Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 0.0% was down from 96.3% last month and up from
0.0% in February of last year.
120%
100%
80%
60%
20%
1,400 0%
1,300
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
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16
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1,300
1,200
30.0 30.0
40.0
40.0 20
20
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.
February
2018
of 0.0 10
higher
is is
better
for for
buyers.
The The
February
2018
MSI MSI
of 0.0
months
at at
a mid
level
compared
with
February
of 2017
and and
months was
was
a mid
level
compared
with
February
of 2017
0
2016.
2016. 30
30 10.0
0 0.0 0.0
10.0 10 20.0
20.0
M A M
M A 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 J O A N S D O J N
F M
J J A A M S J O J N A D S J O F N D J F
D A J M F M
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16
17
18
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Copyright ©
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
40
| Coldwell
coldwellbankerluxury.com
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
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.
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 r elevant to such consumer’s real estate transaction.
50.0
50.0
50
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
50
45
40
35
30
25
20
15
10
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
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M A 15
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 J F
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This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in February 2018 was 8, up 700.0% from 1 last month and up
100.0% from 4 in February of last year.
1,000
40
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,100
1,100
1,200
Inventory & MSI
The Total Inventory of Properties available for sale as of
91.4%
40%
1,400
1,000
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
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
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-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
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16
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1,500
The Total Inventory of Properties available for sale as of
February was 34, up 13.3% from 30 last month and up 25.9% 50
February was 34, up 13.3% from 30 last month and up 25.9%
from 27 27 in in
February
year.
February
2018
Inventory
from
February
of of
last last
year.
February
2018
Inventory
was was
highest
level
compared
with
February
of 2017
2016. 40
at at its its highest
level
compared
with
February
of 2017
and and
2016.
3 Mo Avg
292
350
The Median Sales Price in February was $0, up from $0 in
Prices
1,700
February
2017 Price
and in down
100.0%
$1,569,000
The
Median of Sales
February
was from
$0, up
from $0 in last
1,700 1,600
month. of
The
Average
Sales 100.0%
Price in
February
was $0,
February
2017
and down
from
$1,569,000
last up from
$0 in February
of 2017
down
100.0% was
from
$1,503,000
month.
The Average
Sales and
Price
in February
$0,
up from last
1,600 1,500
month. February 2018 ASP was at a mid range compared to
$0 in February of 2017 and down 100.0% from $1,503,000 last
February
of 2017 2018
and ASP
2016.
month.
February
was at a mid range compared to
February of 2017 and 2016.
3 Mo Avg
February Property sales were 0, up from 0 in February of 2017
and 100.0%
lower than the 3 sales last month. February 2018
Property
Sales
7
sales were
at their sales
lowest
level
compared
February
2017
February
Property
were
0, up
from 0 in to February
of of
2017
and
2016.
February
YTD
sales
of
3
are
running
ahead
of
last
and 100.0% lower than the 3 sales last month. February 2018
6
year's
year-to-date
sales level
of 0.
sales
were
at their lowest
compared to February of 2017
-1
-100.0% -100.0%
Property Sales
Prices
10.0
0%
-48%
-100.0%
0% Sold 7%
Number of 96.3%
Properties
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
1,550
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a 1,350
more normalized indicator on the direction of Property values.
1,150
The February 2018 Selling Price per Square Foot of $0 was down
100.0% from $325 last month and up from 0 in February of last
950
year.
750
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Selling Price per Square Foot
Selling Price per Square Foot
* LM=Last Month
/ L3M=Last Supply
3 Months of
/ PYM=Same
Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 0.0 -100% -100% 0% -100%
February
Month's
Inventory
and 2016. February YTD sales of 3 are running ahead of last
year's year-to-date sales of 0.
1
0
February
per
Foot Ratio
February Sold
Sale Price
Price
vs Square
List Price
200
Asking
Price
per Square
Foot of (based
on New Listings)
February
Month's
Supply
Inventory
300
February
Days per
on Square
Market Foot
(Solds)
February Average
Sold Price
400
Asking Price
per of
Square
Foot Sold
(based on New Listings)
February
Number
Properties
500
February
Average
Days on
(Solds)
Total
Properties
Currently
for Market
Sale (Inventory)
600
February Average
Number
of Properties
Sold
February
Sales
Price
3 Mo Avg
700
Total Properties
Currently
February
Median Sales
Price for Sale (Inventory)
Title
Phone
Website
Other
February
Price Listings
Average
List Average
Price of Sales
all Current
Agent Name
Market Profile & Trends Overview
February
Price Listings
Median
List Median
Price of Sales
all Current
WORCESTER
County: Worcester
Community Information
$1,462,450 4%
5%
Trending versus*:
$1,615,485 Trending
-1% versus*: 4%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
-100% $1,569,000
13%
26%
$1,462,450 $0
4% -100% -100%
5%
-100% $1,503,000
0%
15%
$1,615,485 $0
-1% -100% -100%
4%
34 13%
26% $1,569,000
$0 -100%
-100%
-100%
13%
26%
0 -100%
3
0% 15%
$0 -100%
-100%
-100% $1,503,000
0%
0 -100% -100%
-100%
325
0%
52%
34 13%
26%
-6%
0 $399
-100% -37% -8% 12% -12%
3 $424
0% 41%
0 -100%
-100% -100% -100% -100%
325 $325
0%
$0 -100%
0% 52% -25%
$399 -37%
-8% -100%
12% -12%
41% 0% -6% -48%
0.0 -100%
0% -100% $424 10.0
$0 0.0%
-100% -100.0%
-100% -100.0% -100% -100.0% $325 96.3%
0%
0% -25%
7%
Average List Price of all Current Listings
February 2018
Market Profile & Trends Overview
Listings
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con
Median
List Price
all Current
Market Action Report
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
16
17
18
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 transacti on.
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