MA ARCHIVED March 2017 | Page 24

Market Action Report
March 2017
County: Worcester
WORCESTER
Market Action Report
Agent Name
Community
Information
County: Worcester
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
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 10.7
March
Supply
of Inventory
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property Sales
Trending versus*:
L3M PYM
LY
Trending versus*:
Prior YTD Prior Year
YTD
0% -29% -41%
10.7 -55%
-41%
.0% -5.1% -1.0%
-4% Sold -1%
Number of 88.7%
Properties
7
March Property sales were 3, up 50.0% from 2 in March of 2016
and higher Sales
than the 0 sales last month. March 2017 sales were
Property
7
at their
highest sales
level were
compared
to March
2016
and of 2015.
March
Property
3, up 50.0%
from of
2 in
March
2016
March
YTD
sales
of
3
are
running
equal
to
last
year's
year-to-
and higher than the 0 sales last month. March 2017 sales were
6
of 3. level compared to March of 2016 and 2015.
at date
their sales
highest
3 Mo Avg
Number of Properties Sold
3 Mo Avg
6
-1
1
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
0 0
1 1
2 2
3 3
4 4
5
5
-1
0%
88.7%
March Sale Price vs List Price Ratio
Prices
LM
$1,390,000 -1%
-11%
Trending versus*:
$1,487,872 Trending
-4% versus*:
-14%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,115,000
0% -29% -14% $1,115,000
-16%
-14%
$1,390,000
-1%
-11%
$1,191,667
0% -24% -9% $1,191,667
-20%
-9%
$1,487,872
-4%
-14%
7%
$1,115,000 32 7%
0% -29% -14%
$1,115,000
-16%
-14%
3 0% -24% 50%
3
0% -9%
$1,191,667
-9% $1,191,667
-20%
0%
221
16%
39%
32 221
7%
7% -23% 39%
-21%
3 $381 7% 2%
50% -25% -12%
3 $341
0% -21%
221 $410
0% -23%
39% 28%
221 $410
16% 58% 39% 28%
0% 81%
$381 10.7
7% 0%
2% -25%
-12% -41% $341 10.7
-21% -55%
-21% -41%
0% -29%
$410 88.7% 0% .0%
81% -5.1%
28% -1.0% $410 88.7%
58% -4% 28%
-1%
Average List Price of all Current Listings
March YTD sales of 3 are running equal to last year's year-to-
date sales of 3.
March 2017
Title
Phone
Agent
Name
Website
Title
Other
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 Median Sales Price and
16 Average Sales Price
17
The Median Sales Price in March was $1,115,000, down 28.6%
Prices
2,000
from
$1,562,500
in March
of 2016
and up from
$0 28.6%
last month.
The
Median
Sales Price
in March
was $1,115,000,
down
The $1,562,500
Average Sales
Price in
March and
was
down
23.7% 2,000 1,900
from
in March
of 2016
up $1,191,667,
from $0 last
month.
from
$1,562,500
in March
of 2016
up from
$0 last
month. 1,900 1,800
The
Average
Sales Price
in March
was and
$1,191,667,
down
23.7%
March
2017 ASP
at the
lowest
compared
March of 1,800 1,700
from
$1,562,500
in was
March
of 2016
and level
up from
$0 last to month.
1,700 1,600
2016 and
March
2017 2015.
ASP was at the lowest level compared to March of
1,600 1,500
2016 and 2015.
1,500 1,400
1,400 1,300
1,300 1,200
1,200 1,100
1,100 1,000
1,000
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
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
30.0 30.0
40.0
10
40.0 20
20
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a
higher MSI
MSI
better
buyers.
March
2017
of 10.7 10
higher
is is
better
for for
buyers.
The The
March
2017
MSI MSI
of 10.7
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. 30
40
30
50.0
50.0
50
Total Inventory & Month's Supply of Inventory (MSI)
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 32, up 6.7% from 30 last month and up 6.7% from 30 in 50
was 32, up 6.7% from 30 last month and up 6.7% from 30 in
March of of last
last
year. March
March
2017
Inventory
a mid
March
year.
2017
Inventory
was was
at a at
mid
level level
40
compared
with
March
2016
2015.
compared
with
March
of of
2016
and and
2015. 20.0 20.0
10.0 10.0
0.0
0
A M A J M
J A J S J O
J J A A M S J O J N A D S J O F N M D J F M
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
D A J M
F M
14 14
15
16
17
15
16
17
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Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
24
| Coldwell
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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
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.
0.0