MA ARCHIVED March 2017 | Page 22

Market Action Report
March 2017
County: Talbot
TALBOT
Market Action Report
Agent Name
March 2017
Title
Phone
Agent
Name
Website
Title
Other
Community
County: Talbot Information
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
LM
Trending versus*:
L3M PYM
LY
$1,667,000 -5%
-7%
$2,362,788 Trending
-2% versus*: 4%
Month
LM L3M PYM
LY
$1,650,000
$1,667,000
-5% 61% 7%
-7% -25%
$2,002,000
$2,362,788
-2% 42% 19%
4% -9%
$1,650,000 104
61% 12%
7% -25% -10%
14%
5 0%
$2,002,000 42%
19% -9% 400%
13%
104 238
12% 621% 44%
-10% -11%
6% -4%
5 $495
0% 36% 400%
238 $398
621% 30%
44% -11%
8% 17%
$495 20.8
36% 12%
6% -1%
-4% -82%
11%
$398 84.4%
30% -7.2%
8% -3.7% 11.2%
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
* LM=Last Month's
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 20.8 12%
March
Supply
of Inventory
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
$1,575,000
$1,724,107
-2%
-7%
-2%
14
-7%
9%
-3%
9%
56% -3%
17%
158 -31%
11%
14 $465
56% -2%
158 $352
-31% 32% -23%
8%
-2% -63% 4%
-49% $465 21.0
32% 11% -4%
1.0% $352 88.6%
-23%
4%
-4%
-48%
6%
3 Mo Avg
3 Mo Avg
7
6
5
4
5
3
4
2
3
9
0
1
1
2
Prices
$1,575,000
$1,724,107
8
6
15 Median
14
The Median Sales Price in March was $1,650,000, down 25.0%
Prices
4,000
from
$2,200,000
in March
of 2016
and up 61.0%
from
The
Median
Sales Price
in March
was $1,650,000,
down
25.0%
$1,025,000
last in
month.
Average
Sales
Price
in March was 4,000 3,500
from
$2,200,000
March The
of 2016
and up
61.0%
from
$2,002,000,
9.0%
$2,200,000
in in
March
of was
2016 and
$1,025,000
last down
month.
The from
Average
Sales Price
March
3,500
up 41.6% from
$1,413,500
month. March
2017
ASP was
$2,002,000,
down
9.0% from last
$2,200,000
in March
of 2016
and at a 3,000
mid
range
compared
to March
of 2016
and 2017
2015. ASP was at a 3,000
up
41.6%
from
$1,413,500
last month.
March
2,500
mid range compared to March of 2016 and 2015.
Sales Price and 16 Average Sales Price
Median Sales Price and Average Sales Price
3
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
14%
13%
Number of Properties Sold
9
year-to-date sales of 9.
10
March Property sales were 5, up 400.0% from 1 in March of
2016 and Sales
the same as the 5 sales last month. March 2017 sales
Property
10
were at
their highest
level 5, compared
March
2016 of and 2015.
March
Property
sales were
up 400.0% to from
1 in of
March
9
March
YTD
sales
of
14
are
running
55.6%
ahead
of
last
year's
2016 and the same as the 5 sales last month. March 2017 sales
8
year-to-date
sales of
9. compared to March of 2016 and 2015.
were
at their highest
level
March YTD sales of 14 are running 55.6% ahead of last year's
7
Trending versus*:
Prior YTD Prior Year
YTD
-1% -82% -49%
21.0 -63%
-48%
84.4% -7.2% -3.7% 11.2% 1.0%
11% Sold 6%
Number of 88.6%
Properties
March Sale Price vs List Price Ratio
Property Sales
Trending versus*:
Prior YTD Prior Year
YTD
17
3 Mo Avg
3 Mo Avg
2,500
2,000
2,000
1,500
1,500
1,000
1,000
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)
140.0
120.0
140.0
120.0
100.0 100.0
80.0 80.0
60.0 60.0
40.0 40.0
20.0 20.0
0.0 0.0
160
140
120
100
80
60
40
20
0
Inventory & MSI
The Total Inventory of Properties available for sale as of March
The Total Inventory of Properties available for sale as of March
was 104, up 11.8% from 93 last month and down 9.6% from 115 160
was 104, up 11.8% from 93 last month and down 9.6% from 115
March
last
year.
March
2017
Inventory
its lowest 140
in in March
of of
last
year.
March
2017
Inventory
was was
at its at lowest
level compared
compared
with
March
of 2016
2015.
level
with
March
of 2016
and and
2015.
120
100
80
60
A
comparatively
lower
MSI
is
more
beneficial
for
sellers
while
a
A comparatively lower MSI is more beneficial for sellers while a
higher MSI
MSI
better
buyers.
March
2017
of 20.8 40
higher
is is
better
for for
buyers.
The The
March
2017
MSI MSI
of 20.8
20
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.
2015.
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
Copyright ©
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
22
| Coldwell
coldwellbankerluxury.com
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
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 an y buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.