MA ARCHIVED March 2017 | Page 27

Market Action Report
March 2017
County: Sussex
SUSSEX
Market Action Report
Agent Name
March 2017
Title
Phone
Agent
Name
Website
Title
Other
Community
County: Sussex 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
$1,725,000 0%
5%
$1,969,257 Trending
-1% versus*: 3%
Month
LM L3M PYM
LY
$1,250,000
$1,725,000
0% -18% -15%
5% -7%
$1,433,967
$1,969,257
-1% -14% -6%
3% 4%
$1,250,000 157
-18% 5%
-15% -7% -19%
-17%
19 46%
$1,433,967 -14%
-6% 4% 375%
-13%
1% -21%
157 214
5% 32% -19%
19 $598
46% -19% -4%
375% -2%
214 $393
32% -46%
1% -27%
-21% -42%
-3%
$598 -19%
-4% -30%
-2% -83%
-1%
8.3 -28%
$393
-46% 13.8%
-27% 6.6%
-42% 11.8%
-26%
101.4%
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 8.3 -28% -30% -83% -64%
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
25
March Property sales were 19, up 375.0% from 4 in March of
2016 and 46.2%
Property
Sales higher than the 13 sales last month. March 25
2017 sales
were sales
at their
level compared
March
March
Property
were highest
19, up 375.0%
from 4 in to
March
of of 2016 20
and and
2015.
March
YTD than
sales
are last
running
162.5%
ahead of
2016
46.2%
higher
the of 13 42 sales
month.
March
last sales
year's were
year-to-date
sales of
16. compared to March of 2016 20 15
2017
at their highest
level
-3%
42
-3%
-10%
-7%
-10%
163% -7%
-3%
180
2%
-1%
42 $611
163% -1%
180 $540
2%
-26%
-4% -18%
-1% -71% 1%
-64% $611 11.7
-4% -5% 2%
8.4% $540 97.6%
-18%
1%
2%
-49%
4%
3 Mo Avg
3 Mo Avg
8
0
5
5
Prices
$1,350,000
$1,533,920
-3%
-3%
10
10
15 Median
14
The Median Sales Price in March was $1,250,000, down 7.4%
Prices
2,300
from
$1,350,000
in March
of 2016
and down 17.9%
The
Median
Sales Price
in March
was $1,250,000,
down from
7.4%
$1,522,500
last in
month.
Average
Sales 17.9%
Price from
in March was 2,300 2,100
from
$1,350,000
March The
of 2016
and down
$1,433,967,
up month.
3.6% from
$1,384,750
March
of 2016 was
and
$1,522,500
last
The Average
Sales in Price
in March
2,100
down 14.0%
last month.
March
2017
$1,433,967,
up from
3.6% $1,668,269
from $1,384,750
in March
of 2016
and ASP was 1,900
at a mid
range
to last
March
of 2016
and 2017
2015.
down
14.0%
from compared
$1,668,269
month.
March
ASP was 1,900
1,700
at a mid range compared to March of 2016 and 2015.
4
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
-17% $1,350,000
-13% $1,533,920
Number of Properties Sold
15
Trending versus*:
Prior YTD Prior Year
YTD
11.7 -71%
-49%
101.4% 13.8% 6.6% 11.8% 8.4%
-5% Sold 4%
Number of 97.6%
Properties
March Sale Price vs List Price Ratio
and 2015. March YTD sales of 42 are running 162.5% ahead of
last year's year-to-date sales of 16.
Trending versus*:
Prior YTD Prior Year
YTD
Sales Price and 16 Average Sales Price
Median Sales Price and Average Sales Price
17
3 Mo Avg
3 Mo Avg
1,700
1,500
1,500
1,300
1,300
1,100
1,100
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
Inventory & MSI
The Total Inventory of Properties available for sale as of March
Total Inventory & Month's Supply of Inventory (MSI)
70.0
60.0
The Total Inventory of Properties available for sale as of March
was 157, up 4.7% from 150 last month and down 19.5% from 195 250
was 157, up 4.7% from 150 last month and down 19.5% from 195 250
March
last
year.
March
2017
Inventory
a mid
in in March
of of
last
year.
March
2017
Inventory
was was
at a at
mid
level level
200 200
compared
with
March
2016
2015.
compared
with
March
of of
2016
and and
2015.
100 100
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 8.3 50 50
higher
is is
better
for for
buyers.
The The
March
2017
MSI MSI
of 8.3
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.
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
D A J M F M
14 14
15
16
17
15
16
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
50.0
40.0 40.0
30.0 30.0
20.0 20.0
10.0 10.0
0.0 0.0
J F M
17
Coldwell Banker Global Luxury SM | 27
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.
60.0
50.0
150 150
70.0