MA ARCHIVED January 2016 | Page 32

MARKET ACTION REPORT
MARKET
ACTION REPORT
County: Somerset

County: Somerset

Somerset

January 2016
January 2016

Agent Name

Title
Agent
Phone Name
Title
Website
Other
Phone
Website
Trending versus*:
Other

Community Information

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

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

Market Profile & Trends Overview

Month

LM

L3M PYM

Trending versus*:

YTD

LY

Prior YTD

Prior Year

Trending versus*:
Trending versus*:
$1,999,000 0%
Median List Price of all Current Listings
33%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prior Year
$2,096,300
Average List
Price of&
allTrends
Current Listings
0% L3M PYM
28%
$1,999,000
Median
List
Price
of
all
Current
Listings
0%
33%
$0
$1,499,900
January Median Sales Price
-100%
-100%
0%
-12%
$2,096,300
Average
Price Sales
of all Price
Current Listings
28% -100%
$0 0%
$0
JanuaryList
Average
-100%
$03 0% -100% -40% -100% $1,499,900
January
Median Sales
Pricefor Sale (Inventory)
0%
-12%
Total Properties
Currently
$0
$0
January
Average
Sales
Price
-100%
-100%
0
0
January Number of Properties Sold
30 0%
Total
Properties
for Sale (Solds)
(Inventory)
-40% -100%
0
January
AverageCurrently
Days on Market
-100%
0
January
Number
Properties
Sold on New Listings)
$0
$00
Asking Price
per of
Square
Foot (based
-100%
-100%
0
January
Days
Market
(Solds)
-100%
-100%
$0
$00
JanuaryAverage
Sold Price
peron
Square
Foot
$0
$0
0.0
0.0
Asking
Price
per Square
(based on New Listings)
-100%
January
Month's
SupplyFoot
of Inventory
-100%
-100%
$0
$0
0.0%
0.0%
January
Square
JanuarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
####
-100.0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |0.0
Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged
0.0 (flat)
January
Month's Supply of Inventory
-100%
-100%
Number
of Properties
0.0%
0.0% Sold
January Sale Price vs List Price Ratio
####
-100.0%
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / 1YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

0

Prices

The Median Sales Price in January was $0, up from
$0 in January of 2015 and up from $0 last month.
Prices
The Average Sales Price in January was $0, up
The Median Sales Price in January was $0, up from
from $0 in January of 2015 and up from $0 last
$0 in January of 2015 and up from $0 last month.
month. January 2016 ASP was at the highest level
The Average Sales Price in January was $0, up
compared to January of 2015 and 2014.
from $0 in January of 2015 and up from $0 last
month. January 2016 ASP was at the highest level
compared to January of 2015 and 2014.

Number of Properties Sold

3 Mo Avg

0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0

1
1
1
1
1
1
0
1
0
0
0
0

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 M J J A S O N D J
13
14
15
16

0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0

Property Sales

January Property sales were 0, up from 0 in
January of Sales
2015 and higher than the 0 sales last
Property
month. Property
January 2016
their0highest
January
sales sales
were were
0, upatfrom
in
level
compared
to
January
of
2015
and
2014.last
January of 2015 and higher than the 0 sales
JanuaryJanuary
YTD sales
of 0
are were
running
ahead
of last
month.
2016
sales
at their
highest
year's year-to-date sales of 0.
level compared to January of 2015 and 2014.
January YTD sales of 0 are running ahead of last
year's year-to-date sales of 0.

F M A M J Median
J A S O N
D J FPrice
M A M
J JAverage
A S O N D
J F M
A M J J A S O N D J
Sales
and
Sales
Price
14
15
3 Mo Avg 16
Median means Middle (the same # of properties sold above and below the Median)

(000's)
13

1,700
1,650
Median Sales Price and Average Sales Price
(000's)
3 Mo Avg
1,600
Median means Middle (the same # of properties sold above and below the Median)
1,700
1,550
1,650
1,500
1,600
1,450
1,550
1,400
1,500
1,350
1,450
1,300
1,400 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 M J J A S O N D J
1,350 13
14
15
16
1,300

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 M J J A S O N D J
Total Inventory
& Month's Supply 15
of Inventory (MSI) 16
13
14

Inventory & MSI

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

6

3
3
3
3

4

7
5
5
5

6

5
5
5

5
5
5

6

5
5
5

5

5

6

4
4

5
5

5
5

3

4

4
4
4

5
5
5
5

4

3
3
3
3

4
4

2
2

3

4

4
4
4

4

3

3

2

5
5
5
5

6

2
2

5

3

2

3

4

5

6

7

8
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
January was 3, equal to 3 last month and down 40.0%
7
Inventory
& MSI
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
from 5 in January
of last year. January 2016 Inventory
86
The
of compared
Propertieswith
available
for sale
as of
wasTotal
at itsInventory
lowest level
January
of 2015
January
was 3, equal to 3 last month and down 40.0%
and 2014.
75
from 5 in January of last year. January 2016 Inventory
64
was at its lowest level compared with January of 2015
53
and
2014.
A comparatively
lower MSI is more beneficial for sellers
while a higher MSI is better for buyers. The January
42
2016 MSI of 0.0 months was at its highest level
31
Acompared
comparatively
lower MSI
is more
with January
of 2015
andbeneficial
2014. for sellers
20
while a higher MSI is better for buyers. The January
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 M J J A S O N D J
2016 MSI of 0.0 months was at its highest level
14
15
16
1 13
compared
January
and 2014.
Copyright ©with
Coldwell
Bankerof| 2015
Price Range:
$1,000,000 and Up | Property
0 Types: SFH - Condo

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association
Realtors
Banker
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