MA ARCHIVED July 2017 | Page 20

Market Action Report
July 2017
County: Montgomery
MONTGOMERY
Market Action Report
Agent Name
Community
Information
County: Montgomery
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
July 2017
Title
Phone
Agent
Name
Website
Title
Other
LM
Trending versus*:
L3M PYM
LY
$1,599,000 0%
4%
$2,033,373 Trending
1% versus*: 6%
Month
LM L3M PYM
LY
$1,349,500
$1,599,000
0% 3% 2%
4% 3%
$1,436,893
$2,033,373
1% -2% -1%
6% -4%
$1,349,500 560
3% -8%
2% 3% 6%
3%
88 -36%
$1,436,893 -2%
-1% -4% -7%
-5%
42 2% -16%
560 -8%
6% -33%
88 $378
-36% 13% 11%
-7% 16%
42 $290
2% -10%
-16% -11%
-33% -15%
-35%
$378 13%
11% 19%
16% 15%
7%
6.4 43%
$290 94.9%
-10% -1.4%
-11% -1.3%
-15% -.2%
-15%
Average List Price of all Current Listings
Market Profile & Trends Overview
July Median
Sales
Price
Median
List Price
of all
Current Listings
July Average
Sales
Price
Average
List Price
of all
Current Listings
Total
Properties
Currently for Sale (Inventory)
July
Median
Sales Price
July Average
Number
of Properties
Sold
July
Sales
Price
July Properties
Average Days
on Market
(Solds)
Total
Currently
for Sale
(Inventory)
Asking
Price of per
Square Foot
July
Number
Properties
Sold (based on New Listings)
July
Days per
on Square
Market Foot
(Solds)
July Average
Sold Price
Asking
Price per Supply
Square of Foot
(based on New Listings)
July Month's
Inventory
July
Foot Ratio
July Sold
Sale Price
Price per
vs Square
List Price
* LM=Last
Month / L3M=Last
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 6.4 43% 19% 15%
July
Month's
Supply 3 Months
of Inventory
July Sale Price vs List Price Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Trending versus*:
Prior YTD Prior Year
YTD
3%
-5%
$1,325,000
$1,465,380
$1,325,000
$1,465,380
2%
-3%
2%
160
July Property sales were 88, down 7.4% from 95 in July of 2016
140
and 35.8% Sales
lower than the 137 sales last month. July 2017 sales
Property
160
were
at their sales
lowest
level
July 95
of in
2016
2015.
July
Property
were
88, compared
down 7.4% to from
July and
of 2016
120
July
YTD lower
sales than
of 658
15.6%
ahead
last sales
year's 140
and
35.8%
the are
137 running
sales last
month.
July of 2017
year-to-date
sales level
of 569.
100
were
at their lowest
compared to July of 2016 and 2015.
1%
-3%
1%
658
-3% 16% -3%
-35%
56 -11%
7%
658 $347
16% 2%
56 $342
-11% 0% -14%
-15%
2% -10% -1%
-8% $347
6.0
0%
-.2% $342 95.8%
0% 1%
-14%
-1%
1%
-14%
1%
-8%
6.0 -10%
-14%
94.9% -1.4% -1.3% -.2% Number
-.2%
0% Sold 1%
of 95.8%
Properties
Property Sales
3 Mo Avg
Number of Properties Sold
3 Mo Avg
67
102
0
20 20
40 40
60 60
80 80
100
120
July YTD sales of 658 are running 15.6% ahead of last year's
year-to-date sales of 569.
Trending versus*:
Prior YTD Prior Year
YTD
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
14
15
16
17
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
0
Prices
14
15
The Median Sales Price in July was $1,349,500, up 3.4% from
Prices
1,800
$1,305,000
in July
of in
2016
2.6% from
The
Median Sales
Price
July and
was up
$1,349,500,
up $1,315,000
3.4% from last
1,800
month. The
Sales and
Price
in July
was $1,315,000
$1,436,893,
$1,305,000
in Average
July of 2016
up 2.6%
from
last down
1,700
3.6% from
$1,489,810
in Price
July in
of July
2016 was
and $1,436,893,
down 1.7% down
from
month.
The Average
Sales
1,700
$1,461,645
last
month.
July
2017
ASP
was
at
the
lowest
level
3.6% from $1,489,810 in July of 2016 and down 1.7% from
1,600
compared last
to July
of 2016
$1,461,645
month.
July and
2017 2015.
ASP was at the lowest level
1,600
1,500
compared to July of 2016 and 2015.
16
17
Median Sales Price
and Average Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
1,500
1,400
1,400
1,300
1,300
1,200
1,200
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 J
A S 14
O N D J F M
A M J J A S O N D J F M A 17 M J J
15 A M J J A S O N D J F M 16
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
The Total Inventory of Properties available for sale as of July
12.0
400 400
300 300
comparatively
lower
MSI
is more
beneficial
for sellers
a 200
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a 200
higher MSI
MSI
better
buyers.
2017
of 6.4
higher
is is
better
for for
buyers.
The The
July July
2017
MSI MSI
of 6.4
100 100
months
at at
its its
highest
level
compared
with with
July July
of 2016
and and
months was
was
highest
level
compared
of 2016
0
2015.
0
2015.
14.0
The Total Inventory of Properties available for sale as of July
was 560, down 7.9% from 608 last month and up 6.5% from 526 700
was 560, down 7.9% from 608 last month and up 6.5% from 526 700
July of of
last
year.
July
2017
Inventory
at highest
its highest
in in July
last
year.
July
2017
Inventory
was was
at its
level level 600 600
compared
with
July
2016
2015.
compared
with
July
of of
2016
and and
2015.
500 500
10.0
8.0 8.0
6.0 6.0
4.0 4.0
2.0 2.0
0.0 0.0
Copyright © | Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
20
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Copyright © Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
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.
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.
12.0
10.0
A S A
O N
D N
J F D M J A F M
J A J M
A S J O J N A D S J O F N M D A J M F J M J A M J J
S O
M J A J M A J S J O A N S D O J N F D M J A M
F M
14 14
15
16
17
15
16
17
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
14.0