MA ARCHIVED March 2018 | Page 32

Market Action Report
March 2018
County: Queen Annes ANNE’S
QUEEN
Agent Name
Market Action Report
Community
County: Queen Information
Annes
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
LM L3M PYM
LY
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 318, up from 0 days
last month and up 144.6% from 130 days in March of last year.
The March 2018 DOM was at a mid level compared with March
of 2017 and 2016.
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
5
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 Median Sales Price and
17 Average Sales Price
18
303
300
246
250
The Median Sales Price in March was $1,452,500, up 21.0%
Prices
5,000
from
$1,200,000
in March
of 2017
and up from
last month.
The
Median
Sales Price
in March
was $1,452,500,
up $0
21.0%
The $1,200,000
Average Sales
Price in
was up $1,535,000,
up month.
27.9% 5,000 4,500
from
in March
of March
2017 and
from $0 last
from
$1,200,000
in March
of 2017
and up from up $0
last month.
4,500 4,000
The
Average
Sales Price
in March
was $1,535,000,
27.9%
March
2018 ASP in was
at a of mid
range
compared
March
of 2017
from
$1,200,000
March
2017
and up
from $0 to last
month.
4,000 3,500
and 2016.
March
2018 AS P was at a mid range compared to March of 2017
3,500 3,000
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 81.2% was up from 0.0% last month and down from
84.2% in March of last year.
120%
100%
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
15
16
17
18
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 ©
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
32
| 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 any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
20
30
40
50
60
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
70
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
Total Inventory & Month's Supply of Inventory (MSI)
80
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
90
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 11, up 266.7% from 3 last month and up
120.0% from 5 in March of last year.
1,000
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,500
1,500
2,000
60
50
40
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a 30
higher MSI
MSI
better
buyers.
March
2018
of 6.0 20
higher
is is
better
for for
buyers.
The The
March
2018
MSI MSI
of 6.0
10
months
at at
its its
lowest
level
compared
with with
March
of 2017
and and
months was
was
lowest
level
compared
March
of 2017
0
2016.
2016.
81.2%
20%
2,000
90
80
70
60
50
40
30
20
10
0
84.2%
60%
2,500
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 36, up 9.1% from 33 last month and down 16.3% from 43 in
was 36, up 9.1% from 33 last month and down 16.3% from 43 in 90
March of of last
last
year. March
March
2018
Inventory
its lowest
80
March
year.
2018
Inventory
was was
at its at lowest
level level
compared
with
March
2017
2016.
70
compared
with
March
of of
2017
and and
2016.
85.8%
80%
40%
3,000 2,500
1,000
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
Prices
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
325
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
350
100
2
3
3 Mo Avg
400
150
3
4
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 $303 was up
from $0 last month and down 6.9% from 325 in March of last
year.
200
4
5
0
3 Mo Avg
6
March YTD sales of 8 are running 100.0% ahead of last year's
year-to-date sales of 4.
3 Mo Avg
Number of Properties Sold
March Property sales were 6, up 500.0% from 1 in March of
2017 and higher
Property
Sales than the 0 sales last month. March 2018 sales
7
were at
their highest
level 6, compared
March
2017 of
and 2016.
March
Property
sales were
up 500.0% to from
1 in of
March
March
YTD
sales
of
8
are
running
100.0%
ahead
of
last
year's
2017 and higher than the 0 sales last month. March 2018 sales 6
year-to-date
sales of
4. compared to March of 2017 and 2016.
were
at their highest
level
7
Property Sales
Selling Price per Square Foot
Selling Price per Square Foot
0% -47% -86% -72%
11.3 -68%
-48%
81.2%
-1.7% -3.6% -7.9%
-4% Sold -4%
Number of 84.4%
Properties
March Sale Price vs List Price Ratio
130
0
* LM=Last Month's
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 6.0
March
Supply
of Inventory
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
165
200
March
Foot Ratio
March Sold
Sale Price
Price per
vs Square
List Price
318
Asking
per Square
(based on New Listings)
March Price
Month's
Supply Foot
of Inventory
400
March
Days per
on Square
Market Foot
(Solds)
March Average
Sold Price
600
Asking
Price per
Square Foot
(based on New Listings)
March
Number
of Properties
Sold
800
March
Average Currently
Days on Market
Total
Properties
for Sale (Solds)
(Inventory)
1,000
March Averag e
Number
of Properties
Sold
March
Sales
Price
3 Mo Avg
1,200
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
Average List Price of all Current Listings
Market Profile & Trends Overview
March List
Median
Median
Price Sales
of all Price
Current Listings
QUEEN ANNE’S
County: Queen Annes
Community Information
$1,599,000 -3%
14%
Trending versus*:
$2,394,419 Trending
-1% versus*: 5%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,452,500
-3%
20%
10%
$1,599,000
-3%
14% 21% 10% $1,452,500
$1,535,000
-9%
26%
11%
$2,394,419
-1%
5% 28% 1% $1,693,125
$1,452,500 36 9%
-3% 21% -16%
10% $1,452,500
20%
10%
6 -9% 28% 500%
8 100%
$1,535,000
1% $1,693,125
26%
11%
39%
241
76%
67%
36 318
9%
-16% 145% 121%
16%
6 $415 1% 10%
500% 48% 19%
8 $407
100% 51%
318 $303 39% 145%
121% 4%
241 $295
76% -3% 67%
0% -7%
2%
$415 6.0
1% 0%
10% -47%
48% -86%
19% -72% $407 11.3
51% -68% 16% -48%
$303 81.2% 0% -1.7%
-7% -3.6%
4% -7.9% $295 84.4%
-3% -4% 2%
-4%
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con
Median
List Price
all Current
March 2018
Market Profile & Trends Overview
Listings
March 2018
Title
Phone
Agent
Name
Website
Title
Other
Market Action Report
10
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
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 ® | 33