MA ARCHIVED March 2018 | Page 14

Market Action Report
March 2018
County: Cecil
CECIL
Agent Name
Market Action Report
Community
County: Cecil Information
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
YTD
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for March was 0, up from 0 days last
month and up from 0 days in March of last year. The March
2018 DOM was at its lowest level compared with March of 2017
and 2016.
* LM=Last Month's
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 0.0
March
Supply
of Inventory
50
0
3 Mo Avg
3 Mo Avg
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The March 2018 Selling Price per Square Foot of $0 was up
from $0 last month and up from 0 in March of last year.
2
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
15
16
17
18
0
1
-1 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
A
15
16
17
18
Median Sales Price and Average Sales Price
The Median Sales Price in March was $0, up from $0 in March
Prices
4,600
of 2017
and
up Price
from in
$0 March
last month.
Sales
Price in
The
Median
Sales
was $0, The
up Average
from $0 in
March
was up
$0, from
up from
$0 month.
in March
2017 and
up Price
from in $0 4,600 4,100
of March
2017 and
$0 last
The of Average
Sales
last month.
2018
was at
March
was $0, March
up from
$0 ASP
in March
of the
2017 highest
and up level
from compared
$0
4,100 3,600
to March of 2017 and 2016.
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The March 2018 Selling Price vs Original
List Price of 0.0% was up from 0.0% last month and up from
0.0% in March of last year.
140%
120%
100%
80%
60%
40%
3,600 20%
3,100 0%
3,100
2,600
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
15
16
17
18
2,600
2,100
0
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
5
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
15 15
16
17
18
16
17
18
Copyright | © Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
14
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 any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
10
10
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
2018
of 0.0 5
higher
is is
better
for for
buyers.
The The
March
2018
MSI MSI
of 0.0
months
at at
its its
highest
level
compared
with with
March
of 2017
months was
was
highest
level
compared
March
of 2017
0
and
and 2016.
2016.
15
20
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of March
20
18
16
14
12
10
8
6
4
2
0
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
18
A M 15
J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F M
15
16
17
18
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in March 2018 was 0, up from 0 last month and up from 0 in
March of last year.
1,100
The Total Inventory of Properties available for sale as of March
was 12, equal to 12 last month and down 7.7% from 13 in March
was 12, equ al to 12 last month and down 7.7% from 13 in March 20
last year.
year. March
March
2018
Inventory
a mid
compared
of of last
2018
Inventory
was was
at a at
mid
level level
compared
with March
March
2017
and
2016.
with
of of
2017
and
2016.
15
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,600
1,600
2,100
1,100
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
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
15
16
17
18
0
1
1
3 Mo Avg
800
750
700
650
600
550
500
450
400
350
300
1
Selling Price per Square Foot
Selling Price per Square Foot
0.0
0%
-100%
-100.0%
0.0%
0% Sold -100%
Number of Properties
Number of Properties Sold
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
15
16
17
18
-50
2
2
-1
100
0% -100%
3
March Property sales were 0, up from 0 in March of 2017 and
higher than
the 0 sales last month. March 2018 sales were at
Property
Sales
3
their highest
March
2017 and
2016.
March
Property level
sales compared
were 0, up to from
0 in of March
of 2017
and March
YTD
sales
of
0
are
running
ahead
of
last
year's
year-to-date
higher than the 0 sales last month. March 2018 sales were at
sales highest
of 0. level compared to March of 2017 and 2016. March 2
their
0
0%
.0%
0.0%
March Sale Price vs List Price Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property Sales
0%
150
March
Foot Ratio
March Sold
Sale Price
Price per
vs Square
List Price
200
Asking
per Square
(based on New Listings)
March Price
Month's
Supply Foot
of Inventory
250
March
Days per
on Square
Market Foot
(Solds)
March Average
Sold Price
300
Asking
Price per
Square Foot
(based on New Listings)
March
Number
of Properties
Sold
3 Mo Avg
350
March
Average Currently
Days on Market
Total
Properties
for Sale (Solds)
(Inventory)
last month. March 2018 ASP was at the highest level compared
to March of 2017 and 2016.
Trending versus*:
LM L3M PYM
LY
March Average
Number
of Properties
Sold
March
Sales
Price
Prices
Price Range: $1,000,000 and Up | Properties: SFH - Con
Total Median
Properties
Currently
for Sale (Inventory)
March
Sales
Price
Title
Phone
Website
Other
March Average
Average
List Price Sales
of all Price
Current Listings
Agent Name
Market Profile & Trends Overview
March List
Median
Median
Price Sales
of all Price
Current Listings
CECIL
County: Cecil
Community Information
$1,849,450 0%
-8%
Trending versus*:
$2,126,158 Trending
0% versus*:
-26%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
-100%
-100% $1,999,900
0%
33%
$1,849,450 $0
0%
-8%
0%
-100%
$0
0%
-100%
$2,126,158 $0
0%
-26%
0%
-8% $1,999,900
$0 12 -100%
-100%
0%
33%
0 0%
0
0% -100%
$0
-100%
$0
0%
0
0%
-100%
0
0%
-100%
12 0%
-8%
-100%
0 $0 0% 0% 0% -100%
0 $0
0% -100%
0 $0
0% 0% -100% -100%
0 $0
0%
0% -100% -100%
$0 0.0
0% 0%
0% 0%
0% -100%
$0 -100%
0% -100%
0.0
0% -100% -100%
$0 0.0% 0% .0% -100% -100.0%
$0 0.0%
0%
0% -100% -100%
Average List Price of all Current Listings
March 2018
Market Profile & Trends Overview
Listings
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con
Median
List Price
all Current
YTD sales of 0 are running ahead of last year's year-to-date
sales of 0.
March 2018
Title
Phone
Agent
Name
Website
Title
Other
Market Action Report
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
15
16
17
18
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.
Coldwell Banker Global Luxury ® | 15