MA ARCHIVED January 2016 | Page 31

Queen Anne’s

MARKET ACTION REPORT

County: Queen Annes

Agent Name

January 2016

Title
Phone
Website
Other

Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Condo

Days On Market for Sold Properties

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 January was 46, down 95.8% from 1,095 days
last month and up from 0 days in January of last year.
The January 2016 DOM was at its lowest level
compared with January of 2015 and 2014.

Average Days on Market (Listing to Contract) for properties sold during the month

1200

3 Mo Avg

1000
800
600
400

211

200

46

0

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-200

Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for
the direction of Property values. Since Median Sales
Price and 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 more normalized
indicator on the direction of Property values. The
January 2016 Selling Price per Square Foot of $0 was
up from $0 last month and up from 0 in January of
last year.

Average Selling Price per Square Foot for properties that sold during the month

579

600
550
500
450
400
350
300
250
200
150
100

3 Mo Avg

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Selling Price versus Listing Price Ratio

Selling Price vs Original Listing 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 January 2016 Selling Price vs Original List Price of
89.7% was up from 45.4% last month and up from
0.0% in January of last year.

120%

Avg Selling Price divided by Avg Listing Price for sold properties during the month

3 Mo Avg

93.5%

100%

89.7%

80%
60%
40%
20%
0%

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Inventory / New Listings / Sales
100
90
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 80
70
and Sales. The graph shows the basic annual
60
seasonality of the market as well as the relationship
50
between these items. The number of New Listings in
40
January 2016 was 4, up 100.0% from 2 last month and
30
up 300.0% from 1 in January of last year.
20
10
0

Inventory / New Listings / Sales

New Listings

Sales

49
52
59
64
63
65
67
66
64
55
49
47
51
58
63
72
75
78
79
85
77
64
53
44
50
62
62
76
74
78
87
79
71
60
49
51

Inventory

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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker
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.

c o l dw el l b a n k er h o m es.c o m

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