MA ARCHIVED July 2016 | Page 32

Community Information

Queen Anne ’ s

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
$ 415,000
4 %
12 %
Average List Price of all Current Listings
$ 621,507
2 %
6 %
July Median Sales Price
$ 305,000
-8%
-5%
13 %
6 %
$ 315,500
10 %
9 %
July Average Sales Price
$ 355,739
-5%
-6% -10%
0 %
$ 373,064
8 %
5 %
Total Properties Currently for Sale ( Inventory )
477
-3%
-22%
July Number of Properties Sold
83
-10%
-11%
453
11 %
July Average Days on Market ( Solds )
100
-17%
-7% -11%
-20%
114
-4%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 195
6 %
2 %
0 %
3 %
$ 191
-1%
1 %
July Sold Price per Square Foot
$ 169
6 %
4 %
-3%
3 %
$ 165
2 %
1 %
July Month ' s Supply of Inventory
5.7
8 %
2 %
-13%
-44%
8.1
-30%
-21%
July Sale Price vs List Price Ratio
93.4 %
. 6 %
. 5 % 3.1 %
4.1 %
92.1 %
3 %
3 %
* 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 100
July Property sales were 83 , down 10.8 % from 93 in July of
90 2015 and 9.8 % lower than the 92 sales last month . July 2016 sales were at a mid level compared to July of 2015 and 2014 . 80 July YTD sales of 453 are running 11.0 % ahead of last year ' s yearto-date sales of 408 .
70 60 50 40 30 20 10 0
Prices The Median Sales Price in July was $ 305,000 , up 13.4 % from $ 269,000 in July of 2015 and down 8.5 % from $ 333,208 last month . The Average Sales Price in July was $ 355,739 , down 9.6 % from $ 393,446 in July of 2015 and down 5.0 % from $ 374,515 last month . July 2016 ASP was at the lowest level compared to July of 2015 and 2014 .
450
400
350
300
Number of Properties Sold
3 Mo Avg
53 58 39 50 41 28 29 24 43 41 57 70 59 54 52 58 70 27 35 49 54 55 95 93 87 77 60 45 71 44 38 46 65 85 92 83
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
3 Mo Avg
250
200
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
Inventory & MSI The Total Inventory of Properties available for sale as of July was 477 , down 2.9 % from 491 last month and down 22.4 % from 615 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 5.7 months was at its lowest level compared with July of 2015 and 2014 .
700 600 500 400 300 200 100
0
700
600
500
568
400
300
200
100
569
578 568
531 569
578
474
Total Inventory & Month ' s Supply of Inventory ( MSI )
531
466
478 474
466 519
478 571
519
609 608 571
609
629 625
608 629
629 607
625 571
629
518 516
607
519 571
518 570
516 614
519 638
601 570
615 614
616 638
610 601
566 615
510 616
610
462
566
452
444
510 482 462 492 452 489 444 491 482
477 492
0
0.0
A
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
13
14
14
15
15
16
16
25.0
20.0
489
15.0
10.0
5.0
491
477
25.0 20.0 15.0 10.0 5.0 0.0
32 | c o l d w e l l b a n k e r h o m e s . c o m