MA ARCHIVED March 2017 | Page 18

Market Action Report
March 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
March 2017
Title
Phone
Agent
Name
Website
Title
Other
LM
Trending versus*:
L3M PYM
LY
$1,599,000 0%
3%
$2,063,864 Trending
-2% versus*: 7%
Month
LM L3M PYM
LY
$1,310,000
$1,599,000
0% -7% -1%
3% -3%
$1,407,453
$2,063,864
-2% -14% -6%
7% -1%
$1,310,000 529
-7% 20%
-1% -3% 14%
0%
89 31%
$1,407,453 -14%
-6% -1% 75%
-7%
66 -15% -6%
529 20%
14% -19%
89 $330
31% -9% -8%
75% 4%
66 $367
-15% -5%
-6% -19%
2%
1% 17%
$330 5.9
-9% -8%
-8% -16%
4% -35%
-6%
$367 95.2%
-5% -.1%
1% .4%
17% -.8%
8%
Average List Price of all Current Listings
Market Profile & Trends Overview
March List
Median
Median
Price Sales
of all Price
Current Listings
March Average
Average
List Price Sales
of all Price
Current Listings
Total Median
Properties
Currently
for Sale (Inventory)
March
Sales
Price
March Average
Number
of Properties
Sold
March
Sales
Price
March
Average Currently
Days on Market
Total
Properties
for Sale (Solds)
(Inventory)
Asking
Price per
Square Foot
(based on New Listings)
March
Number
of Properties
Sold
March
Days per
on Square
Market Foot
(Solds)
March Average
Sold Price
Asking
per Square
(based on New Listings)
March Price
Month's
Supply Foot
of Inventory
March
Foot Ratio
March Sold
Sale Price
Price per
vs Square
List Price
March 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
$1,325,000
$1,509,710
$1,325,000
$1,509,710
0%
-2%
0%
1%
0%
1%
206
-2% 49% 0%
2%
71 -12%
-6%
206 $356
49% 7%
71 $378
-12% 6% 9%
8%
7% -17% 2%
-14% $356
7.0
6%
.1% $378 94.9%
0% 12%
9%
2%
12%
1%
-0%
7.0 -17%
1%
95.2% -.1% .4% -.8% Number
.1%
0% Sold -0%
of 94.9%
Properties
Property Sales
160
March Property sales were 89, up 74.5% from 51 in March of
2016 and 30.9%
Property
Sales higher than the 68 sales last month. March 160 140
2017 sales
were sales
at their
level compared
March
March
Property
were highest
89, up 74.5%
from 51 in to
March
of of 2016 120
and and
2015.
March
YTD than
sales
206
are last
running
ahead of 140
2016
30.9%
higher
the of 68
sales
month. 49.3%
March
last sales
year's were
year-to-date
sales of
138.
100
2017
at their highest
level
compared to March of 2016
3 Mo Avg
Number of Properties Sold
3 Mo Avg
67
127
99
0
20 20
40 40
60 60
80 80
100
120
and 2015. March YTD sales of 206 are running 49.3% ahead of
last year's year-to-date sales of 138.
Trending versus*:
Prior YTD Prior Year
YTD
0%
-7%
* LM=Last Month's
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 5.9 -8% -16% -35% -14%
March
Supply
of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
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 O N D J F M
14
15
16
17
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 O N D J F M
0
Prices
15
Median
14
The Median Sales Price in March was $1,310,000, down 3.0%
Prices
1,800
from
$1,350,000
in March
of 2016
and down 6.9%
The
Median
Sales Price
in March
was $1,310,000,
down from
3.0%
$1,407,500
last in
month.
Average
Sales 6.9%
Price from
in March was 1,800 1,700
from
$1,350,000
March The
of 2016
and down
$1,407,453,
down
0.8%
from
$1,418,501
in March
of 2016
$1,407,500
last
month.
The
Average
Sales Price
in March
was and 1,700
down 13.6%
from
$1,628,305
last month.
March
2017 and
ASP was 1,600
$1,407,453,
down
0.8%
from $1,418,501
in March
of 2016
at the
lowest
level
compared last
to month.
March of
2016 2017
and 2015.
down
13.6%
from
$1,628,305
March
ASP was 1,600
1,500
at the lowest level compared to March of 2016 and 2015.
Sales Price and 16 Average Sales Price
Median Sales Price and Average Sales Price
17
3 Mo Avg
3 Mo Avg
1,500
1,400
1,400
1,300
1,300
1,200
1,200
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 O N D J F M
17
A M 14
J J A S O N D J F M 15 A M J J A S O N D J F M 16
A M J J A S O N D J F M
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 March
12.0
10.0
8.0
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.
March
2017
of 5.9
higher
is is
better
for for
buyers.
The The
March
2017
MSI MSI
of 5.9
100 100
months
at at
its its
lowest
level
compared
with with
March
of 2016
and and
months was
was
lowest
level
compared
March
of 2016
0
2015.
0
2015.
14.0
14.0
The Total Inventory of Properties available for sale as of March
was 529, up 20.0% from 441 last month and up 13.8% from 465 700
was 529, up 20.0% from 441 last month and up 13.8% from 465 700
March
last
year.
March
2017
Inventory
its highest 600 600
in in March
of of
last
year.
March
2017
Inventory
was was
at its at highest
level compared
compared
with
March
of 2016
2015.
level
with
March
of 2016
and and
2015.
500 500
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
18
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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.
8.0
6.0
A M A J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N
F M
J J A A M S J O J N A D S J O F N M D J F M
D A J 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
10.0