MA ARCHIVED July 2016 | Page 16

Charles Community Information

Charles Community Information

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
$ 349,900
0 %
5 %
Average List Price of all Current Listings
$ 368,759
1 %
5 %
July Median Sales Price
$ 291,875
-1%
-1%
1 %
2 %
$ 290,000
3 %
2 %
July Average Sales Price
$ 299,607
-4%
-3%
2 %
1 %
$ 305,904
5 %
3 %
Total Properties Currently for Sale ( Inventory )
792
-6%
-18%
July Number of Properties Sold
168
-29%
-21%
1,121
12 %
July Average Days on Market ( Solds )
67
8 %
-1%
20 %
-11%
75
-3%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 135
1 %
2 %
3 %
2 %
$ 133
1 %
1 %
July Sold Price per Square Foot
$ 124
-1%
-1%
2 %
1 %
$ 125
3 %
2 %
July Month ' s Supply of Inventory
4.7
32 %
9 %
4 %
-23%
5.1
-20%
-16%
July Sale Price vs List Price Ratio
96.7 %
-. 3 %
-. 1 % 1.8 %
1.9 %
95.9 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
3 Mo Avg
Property Sales July Property sales were 168 , down 21.1 % from 213 in July of 2015 and 28.5 % lower than the 235 sales last month . July 2016 sales were at a mid level compared to July of 2015 and 2014 . July YTD sales of 1,121 are running 11.8 % ahead of last year ' s year-to-date sales of 1,003 .
250
200
150
Number of Properties Sold
3 Mo Avg
100
50
Prices The Median Sales Price in July was $ 291,875 , up 0.6 % from $ 290,000 in July of 2015 and down 1.1 % from $ 295,000 last month . The Average Sales Price in July was $ 299,607 , up 2.4 % from $ 292,664 in July of 2015 and down 4.3 % from $ 313,198 last month . July 2016 ASP was at the highest level compared to July of 2015 and 2014 .
0
350 340 330 320 310 300 290 280 270 260 250
155 136 112 111 122 80 69 106 100 143 143 146 148 142 134 129 135 112 90 136 126 146 180 213 179 149 167 121 156 128 103 168 139 180 235 168
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 M J
J
13
14
15
16
Median Sales Price and Average Sales Price
3 Mo Avg
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 M J
13
14
15
16
J
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of July was 792 , down 5.7 % from 840 last month and down 17.7 % from 962 in July of last year . July 2016 Inventory was at its lowest level compared with July of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The July 2016 MSI of 4.7 months was at a mid level compared with July of 2015 and 2014 .
1,200 1,200
1,000 1,000
800 800
600 600
400
400 200
200
808 766
779 808
764 766
695 779
681 764
693 695
Total Inventory & Month ' s Supply of Inventory ( MSI )
681 693
812 888
742 876 812 895
904 913 892 864 796 806 783
742
888 876 895 904 913 892 864
790 796
866 806 951 948 962 949 964
783 790
866 951 948 962 949 964
899
899
840 750 704 695
785 852
704 837
695 840 792 785
0 0 0.0
A S OA NS DO JN FD
MJ AF M JA JMA J S JO AN SD OJ
NF DM AJ MF MJ AJ MA SJ OJ NA DS JO FNM DA JM FJ
MJ A M J J
13 13 14 14
15 15
16 16
840
750
12.0 10.0
8.0
852 837 840 792
6.0 4.0 2.0
12.0 10.0 8.0 6.0 4.0 2.0 0.0
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