MA ARCHIVED July 2016 | Page 26

Kent Community Information

Kent 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
$ 264,900
0 %
15 %
Average List Price of all Current Listings
$ 432,563
-1%
-9%
July Median Sales Price
$ 189,900
-15%
0 %
-5%
3 %
$ 186,400
0 %
1 %
July Average Sales Price
$ 253,815
-5%
2 %
13 %
0 %
$ 250,714
-8%
-1%
Total Properties Currently for Sale ( Inventory )
285
-3%
-17%
July Number of Properties Sold
31
-9%
19 %
176
28 %
July Average Days on Market ( Solds )
124
-43%
-30% -39%
-23%
183
8 %
14 %
Asking Price per Square Foot ( based on New Listings )
$ 152
-9%
-6%
-9%
-10%
$ 160
-8%
-5%
July Sold Price per Square Foot
$ 144
27 %
18 %
63 %
3 %
$ 118
-14%
-15%
July Month ' s Supply of Inventory
9.2
6 %
7 %
-30%
-45%
14.1
-26%
-16%
July Sale Price vs List Price Ratio
86.4 % -3.1% -1.8% -3.8%
-. 6 %
86.8 %
-0%
-0%
* 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
40
July Property sales were 31 , up 19.2 % from 26 in July of 2015
and 8.8 % lower than the 34 sales last month . July 2016 sales
35
were at their highest level compared to July of 2015 and 2014 .
July YTD sales of 176 are running 27.5 % ahead of last year ' s yearto-date
30
sales of 138 .
25
Prices The Median Sales Price in July was $ 189,900 , down 5.3 % from $ 200,500 in July of 2015 and down 15.4 % from $ 224,500 last month . The Average Sales Price in July was $ 253,815 , up 12.9 % from $ 224,781 in July of 2015 and down 5.1 % from $ 267,371 last month . July 2016 ASP was at a mid range compared to July of 2015 and 2014 .
20 15 10 5
18 11 20 15 21 13 7 15
Number of Properties Sold
8 19 23 25 23 19 26 19 25 13 9 21 19 19 31 26 25 27 27 17 27 15 11 14 34 37 34 31
0
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
600 550 500 450 400 350 300 250 200 150 100
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 285 , down 3.4 % from 295 last month and down 16.7 % from 342 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 9.2 months was at its lowest level compared with July of 2015 and 2014 .
450 400 350 300 250 200 150 100 50 0
450 400 350 300
365
250 200 150 100 50 0
A
13
376
352 365
332 376
Total Inventory & Month ' s Supply of Inventory ( MSI )
315 352
306 332
313 315
306 337
313 366
337
381 381 366 388
381 379
381 380
388 372
379 336
380
310 303
372
308 336
321 310
303 347
308 347
321 352
342 347
349 347
341 352
327 342
316 349 291 341
273 327
274 316
295
291 293 273 295 274 295
295 285
293
0.0
S AO NS OD NJ
FD MJ
AF M JA JM AJ S JOAN SD OJ NF DM JA MF MJ AJ MA SJ OJ NA DS JO FNM DA JMF JMJ
A M J J
13 14 14
15 15
16 16
50.0 40.0
30.0
295
295
20.0 10.0
285
50.0 40.0 30.0 20.0 10.0 0.0
26 | c o l d w e l l b a n k e r h o m e s . c o m