MA ARCHIVED June 2016 | Page 38

Market Action Report Worcester County: Worcester June 2016 Title Phone Agent Name Website TitleOther Community Information Price Range: $1,000,000 and Up | Properties: SFH - Con Phone Website Month Other $1,500,000 Market Profile & Trends Overview Median List Price all Current Price Range: $1,000,000 and Up |of Properties: SFH - Con Listings LM Trending versus*: L3M PYM LY -3% -3% $1,744,758 Trending -2% versus*: -6% Month LM 5% L3M -2% PYM 5% LY $1,100,000 $1,500,000 -3% -3% $1,246,000 19% -2% 19% $1,744,758 -2% -6% 27 8% -31% $1,100,000 5% -2% 5% -11% 5 400% 400% $1,246,000 19% -2% 19% -9% 74 185% -30% 27 8% -31% -70% $502 34% 7% 2% 5 400% 400% $313 -14% -2% 74 185% -30% -70% -12% -68% 5.4 -78% $502 34% 7% -55% 2% -86% 22% $31389.7% -14%8.9% -2% -2.1% -12% -8.2% -36% Average List Price of all Current Listings Market Profile & Trends June Median Sales Price Overview Median List Price of all Current Listings June Average Sales Price Average List Price of all Current Listings Total Properties Currently for Sale (Inventory) June Median Sales Price June Number of Properties Sold June Average Sales Price June Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Priceof per Square Foot June Number Properties Sold (based on New Listings) JuneAverage Sold Price June Daysper on Square Market Foot (Solds) June Month's Inventory Asking Price perSupply Square of Foot (based on New Listings) JuneSold SalePrice Priceper vsSquare List Price June FootRatio Trending versus*: $1,212,500 $1,276,429 * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date 6 5 1 5 1 5 2 1 0 2 0 1 1 1 1 2 1 0 2 1 0 1 0 1 0 2 0 0 3 Mo Avg 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 60.0 50.0 44 10 25 31 30.0 28 27 33 25 30 30 28 31 33 30 40.0 40.0 38 44 43 44 39 4342 4443 38 30 20 43 39 44 39 4242 3939 41 44 42 44 50.0 39 48 44 43 48 37 48 43 38 35 34 37 39 38 34 39 37 35 37 45 41 45 4544 41 45 60.0 44 41 30 3 Mo Avg 14 A M J J A S O N D J F M 15 J A 13 S O N D J F M A M J J A S O N D J F M A16M J 13 14 15 16 Inventory & MSI Inventory & MSI of Properties available for sale as of June The Total Inventory The Inventory of Properties available sale30.8% as of June wasTotal 27, up 8.0% from 25 last month andfor down from 39 in 60 was 27,of uplast 8.0% from 25 last month and down from 39 in 60 June year. June 2016 Inventory was 30.8% at its lowest level 50 June of last year. June 2016 Inventory was at its lowest level 50 compared with June of 2015 and 2014. compared with June of 2015 and 2014. 40 5 2 1 0 2 0 0 1 1 1 1 2 1 0 2 1 0 1 0 1 0 2 0 2 1 0 0 0 0 2 1 0 0 Median Sales Price and Average Sales Price 35 1,000 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 20 higherMSI MSI better buyers. June 2016 of 5.4 higher is is better forfor buyers. TheThe June 2016 MSIMSI of 5.4 10 monthswas was lowest level compared June of 2015 months atat itsits lowest level compared withwith June of 2015 and and 2014. 0 2014. 3 3 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 Median Sales Price 13 14 15 and Average Sales Price 16 The Median Sales Price in June was $1,100,000, up 4.8% from 2,000 Prices $1,050,000 in June of 2015 and up 4.8% from $1,050,000 last 1,900 The Median Sales Price Sales in June wasin $1,100,000, up 4.8% fromup month. The Average Price June was $1,246,000, 2,000 $1,050,000 in June of 2015 and up 4.8% from $1,050,000 last 18.7% from $1,050,000 in June of 2015 and up 18.7% from 1,9001,800 month. The Average Sales Price in June was $1,246,000, up 1,700 $1,050,000 last month. June 2016 ASP was at the highest level 1,800 18.7% from $1,050,000 in June of 2015 and up 18.7% from 1,600 compared to June of 2015 and 2014. $1,050,000 last month. June 2016 ASP was at the highest level 1,700 1,6001,500 compared to June of 2015 and 2014. 1,5001,400 1,4001,300 1,3001,200 1,2001,100 1,1001,000 30 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 13 14 15 16 20.0 30.0 27 -1 1 0 0 0 3 1 3 1 0 2 3 2 1 3 3 3 40 3 Mo Avg 4 4 -1 3 Mo Avg Number of Properties Sold 37 41 37 35 Prices -57% 8% -35% -50% 8% 5 0 June YTD sales of 14 are running 100.0% ahead of last year's year-to-date sales of 7. -32% -10% -51% -57% -47%8% 10%-35% 5.4 -78% -55% -86% -84% 16.9 -47% -50% 89.7% 8.9% -2.1% -8.2% 5.3% 10%Sold 8% Number of91.6% Properties June Sale Price vs List Price Ratio June Property sales were 5, up 400.0% from 1 in June of 2015 and 400.0% higher than the 1 sales last month. June 2016 sales Property Sales were at their highest level compared to June of 2015 and 2014. 6 June Property sales were 5, up 400.0% from 1 in June of 2015 June YTD sales of 14 are running 100.0% ahead of last year's and 400.0% higher than the 1 sales last month. June 2016 sales 5 year-to-date sales of 7. compared to June of 2015 and 2014. were at their highest level -15% -2% 14 100% -13% -7% -68% 99 22% $444 14 100% -36% 99 $317 -32% -84% $444 16.9 -10% 5.3% $317 91.6% -51% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date June Month's Supply of Inventory Property Sales Trending versus*: Prior YTD Prior Year YTD Prior YTD -15% Prior Year -2% -11% YTD $1,212,500 -9% $1,276,429 -13% -7% 48 County: Worcester Agent Name 41 Market Action Report June 2016 10.0 0 0.0 S D O N F M J A JS A O N J FD MJ AF MM JA JMA J S J O AN SD OJ NF D M JA M J AJ M A SJ OJ NA DS JO FNMD A JMF J M A M J 14 15 16 13 13 14 15 16 Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Con 38 | ccourtesy o l ofdCoastal w eAssociation l l b aofnREALTORS kerh o m eMetropolitan s . c oRegional m Information Syste