MA ARCHIVED June 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
$ 1,250,000
0 %
-35%
Average List Price of all Current Listings
$ 2,156,418
-3%
-7%
June Median Sales Price
$ 1,400,000
40 %
0 %
-51% -33%
$ 1,442,500
-50%
-31%
June Average Sales Price
$ 1,400,000
40 %
8 %
-51% -31%
$ 1,371,251
-53%
-33%
Total Properties Currently for Sale ( Inventory )
19
12 %
-34%
June Number of Properties Sold
1
0 %
0 %
4
100 %
June Average Days on Market ( Solds )
524
555 % 15 %
732 %
606
5960 %
862 %
Asking Price per Square Foot ( based on New Listings )
$ 475
98 %
33 %
11 %
-12%
$ 357
-43%
-34%
June Sold Price per Square Foot
$ 0
-100%
-100%
$ 300
-68%
-37%
June Month ' s Supply of Inventory
19.0
12 %
14 % -34% -12%
15.3
-36%
-29%
June Sale Price vs List Price Ratio
80.0 %
. 0 %
-. 1 % -19.4% -16.8%
73.4 %
-19%
-24%
* 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 June Property sales were 1 , equal to 1 in June of 2015 and the same as the 1 sales last month . June 2016 sales were at their highest level compared to June of 2015 and 2014 . June YTD sales of 4 are running 100.0 % ahead of last year ' s year-to-date sales of 2 .
4 3 3 2
Number of Properties Sold
3 Mo Avg
2 1 1
Prices The Median Sales Price in June was $ 1,400,000 , down 51.4 % from $ 2,880,000 in June of 2015 and up 40.0 % from $ 1,000,004 last month . The Average Sales Price in June was $ 1,400,000 , down 51.4 % from $ 2,880,000 in June of 2015 and up 40.0 % from $ 1,000,004 last month . June 2016 ASP was at a mid range compared to June of 2015 and 2014 .
0 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 F M A M J
-1 13 14
15 16
Median Sales Price and Average Sales Price
3 Mo Avg
2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000
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
F M A M J
13
14
15
16
0 0 0 0 0 1 0 0 1 0 0 1 0 0 1 3 1 1 1 0 0 0 0 1 0 0 0 0 1 1 0 1 0 1 1 1
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of June was 19 , up 11.8 % from 17 last month and down 34.5 % from 29 in June of last year . June 2016 Inventory was at its lowest level compared with June of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The June 2016 MSI of 19.0 months was at its lowest level compared with June of 2015 and 2014 .
40 35 30 25 20 15 10 5 0
33
33 37
33 33 30
37 28
Total Inventory & Month ' s Supply of Inventory ( MSI )
40
35
35.0
30
30.0
25
25.0
20
20.0
15
15.0
10
10.0
5
5.0
0
0.0
J
A
JS AO
NS DO
NJ FD
MJ
AF M JA
JMA J S JOAN SD
OJ
NF DM JA
MF MJ
AJ
MA SJ
OJ
NA
DS JO FNM DA
JMF J M A M J
13
13
14
14
15
15
16
16
30 25
28
25
23 22 23
23
22 26 28
23
32 34 33 32
32
26 28
34 28
33 24
32
28
24
20 19 19
24
22 20 19
29 29 30 29
19 22
24 29 29
27 30 29
22 22
27 16
22 22
11 11
16
13 14 11
17 19
11 13 14
17
19
35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
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