MA ARCHIVED February 2018 | Page 70

Market Action Report February 2018
Market Action Report February 2018

TALBOT

County : Talbot

Title
Phone
Agent Name
Website
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Title
Other
Phone
Website
Month
Other
$ 1,950,000
Trending versus *:
LM
L3M
PYM
LY
0 %
15 %
YTD
Trending versus *:
Prior YTD
Prior Year
Average List Price of all Current Listings
$ 2,557,908
2 %
7 %
February Median Sales Price
$ 1,950,000
$ 1,162,500
-62% -9%
13 %
-10%
$ 1,675,000
16 %
29 %
February Average Sales Price
$ 2,557,908
$ 1,162,500
-62% -26% -18% -25%
$ 2,112,500
35 %
36 %
Total Properties Currently for Sale ( Inventory )
February Number of Properties Sold
$ 1,162,500 $ 1,162,500
76
2
-4%
0 %
-14% -60%
4
-56%
February Average Days on Market ( Solds )
76
0 -100% -100% -100% -100%
42
-63%
-70%
Asking Price per Square Foot ( based on New Listings )
2$ 420
3 %
17 %
24 %
-5%
$ 413
1 %
-7%
February Sold Price per Square Foot
0
$ 0
-100% -100% -100% -100%
$ 458
49 %
27 %
February Month ' s Supply of Inventory
$ 420
38.0
-4%
34 % 116 % 54 %
38.8
92 %
57 %
February Sale Price vs List Price Ratio
81.7 % -3.1% . 6 % -10.1% -5.6%
83.0 %
-9%
-4%
Community Information
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales February Property sales were 2 , down 60.0 % from 5 in February Property of 2017 and Sales the same as the 2 sales last month . February 2018
14
February sales were Property at their sales lowest were level 2 , down compared 60.0 % to from February 5 in February of 2017 of and 2017 2016 and . the February same as YTD the sales 2 sales of last 4 are month running . February 55.6 % 2018 behind 12 sales last were year ' s at year-to-date their lowest level sales compared of 9 . to February of 2017 and 2016 . February YTD sales of 4 are running 55.6 % behind 10 last year ' s year-to-date sales of 9 .
8
Agent Name 14 12 10 8 6
Number of 83.0 Properties % Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
6 4
4 2
2
0
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
15
16
17
18
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
Prices
Prices
The Median Sales Price in February was $ 1,162,500 , up 13.4 %
The from Median $ 1,025,000 Sales Price in February in February of 2017 was $ and 1,162,500 down , 62.0 up 13.4 % from % from
$ 3,062,500 $ 1,025,000 last in month February . The of Average 2017 and Sales down Price 62.0 in % from February
15
3,500
Median
16 Sales Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
18
3 Mo Avg
3 Mo Avg
$ was 3,062,500 $ 1,162,500 last month , down . The 17.8 Average % from $ Sales 1,413,500 Price in in February of
3,500 was
2017 $ 1,162,500 and down , down 62.0 % 17.8 from % from $ 3,062,500 $ 1,413,500 last in month February . February of
3,000
2017
2018 and ASP down was 62.0 at the % from lowest $ 3,062,500 level compared last month to February . of
20173,000
2018 and ASP 2016 was . at the lowest level compared to February of 2017
2,500
and 2016 .
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
15 M J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F
18
15
16
17
18
Inventory & MSI Inventory & MSI The Total Inventory of Properties available for sale as of The Total Inventory of Properties available for sale as of February was 76 , down 3.8 % from 79 last month and down February was 76 , down 3.8 % from 79 last month and down 13.6 13.6 % % from from
88 88 in in February
February of last of last year year . February
. February 2018
2018
Inventory Inventory was was at at its its lowest lowest level level compared compared with with February February of of 2017 2017 and and 2016 2016 . .
160 140 120 100 80 60
A A comparatively lower lower MSI MSI is more is more beneficial for sellers for sellers while while a a higher MSI is is better for for buyers . The . The February 2018 2018 MSI MSI of 38.0 of 38.0
40
months was was at at its its highest level level compared with with February February of 2017 of 201720 and 2016 . .
0
116 1
133
135 3 9 3 2 9 6
Total Inventory & Month ' s Supply of Inventory ( MSI ) Total Inventory & Month ' s Supply of Inventory ( MSI )
133 148
138 135
137 148
137 138
136 137
137 136
121
8 5 3
113 2 6
128 140 139
91 83 85 91 83 85
1 2 2 4
128
142
135 140
127 123
5
160
140.0
140
120
100
80
120.0
100.0
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
15
15
16
16
17
17
18
18
116
121
113
109 5 8
139 142 135 127 123
7 109
90 91 88
3 6 4
99 110 114 122
90 91 88
5 121
1 3 9 3 2 9 6 8 5 3 2 6 1 2 2 4 5 5 8 7 3 6 4 5 5 4 7
5 10
4
122 116
99 110 114
7 113
10 98
7 6 1
7
13 6
9
122 121 122 116 113
11
83 79 76
1
98 13 9
2 2
11
83 79 76
2 2
140.0 120.0
100.0 80.0 60.0 40.0 20.0 0.0
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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 .