MA ARCHIVED March 2018 | Page 34

Market Action Report March 2018
Market Action Report March 2018

DORCHESTER

County : Dorchester

Community Information
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 2,497,500
19 %
82 %
Average List Price of all Current Listings
$ 2,480,417
0 %
2 %
March Median Sales Price
$ 2,553,729
132 % 40 % 141 % 139 %
$ 1,826,865
21 %
71 %
March Average Sales Price
$ 2,553,729
132 % 40 % 141 % 100 %
$ 1,826,865
21 %
43 %
Total Properties Currently for Sale ( Inventory )
12
-8%
20 %
March Number of Properties Sold
1
0 %
0 %
2
0 %
March Average Days on Market ( Solds )
497 -33% -20% 9840 % 178 %
619
342 %
246 %
Asking Price per Square Foot ( based on New Listings )
$ 0
-100% -100% -100% -100%
$ 2,763
665 %
435 %
March Sold Price per Square Foot
$ 0
0 %
-100% -100%
$ 0
-100%
-100%
March Month ' s Supply of Inventory
12.0
-8%
-4%
20 %
50 %
12.5
39 %
56 %
March Sale Price vs List Price Ratio
70.0 % -11.3% -5.9% -7.5% -16.3%
74.4 %
-11%
-11%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales March Property sales were 1 , equal to 1 in March of 2017 and Property the same as Sales the 1 sales last month . March 2018 sales were at
3 March their highest Property level sales compared were 1 , equal to March to 1 in March of 2017 of and 2017 2016 and . March
the YTD same sales as the of 21 are sales running last month equal . March to last 2018 year sales ' s year-to-date were at sales their of 2 . highest level compared to March of 2017 and 2016 . March 2 YTD sales of 2 are running equal to last year ' s year-to-date sales of 2 .
2
Agent Name 3
2
2
1
Title Phone Website Other
Number of Properties Sold Number of Properties Sold
3 Mo Avg
3 Mo Avg
1 1
1
0
0
A
M J
15
A-1
M J
J
A
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
16
17
18
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
Prices
-1
Prices
The Median Sales Price in March was $ 2,553,729 , up 140.9 %
2,800
The from Median $ 1,060,000 Sales Price in March in March of 2017 was $ and 2,553,729 up 132.2 , up % 140.9 from % from
$ 1,100,000 $ 1,060,000 last in month March . The
2,800 of 2017 Average and up Sales 132.2 Price % from in March was
2,600
$
$ 1,100,000 2,553,729 last , up month 140.9 .% The from Average $ 1,060,000 Sales Price in March in March of 2017 was and
2,6002,400
16
17
Median Sales Price and Average Sales Price
Median Sales Price and Average Sales Price
18
3 Mo Avg
3 Mo Avg
$ up 2,553,729 132.2 %, up from 140.9 $ 1,100,000 % from $ 1,060,000 last month in . March of 2018 2017 ASP and was
2,400 at
2,200
up the 132.2 highest % from level $ 1,100,000 compared last to month March . of March 20172018 and 2016 ASP . was at the highest level compared to March of 2017 and 2016 .
2,2002,000
2,0001,800
1,8001,600
1,6001,400
1,400
1,200
1,200
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
A
M
15 J
J
A S O N D
J
F M16A M J
J
A S O N D
J
F M
17 A M J
J
A S O N D
J
F M
18
15
16
17
18
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 12 , down 7.7 % from 13 last month and up 20.0 % from 10 in was 12 , down 7.7 % from 13 last month and up 20.0 % from 10 in 18 March March of of last last year year . March
. March 2018
2018 Inventory
Inventory was was at a at mid a mid level level 16 compared compared with with March March of of 2017 2017 and and 2016 2016 . .
14 12 10 8
A A comparatively lower lower MSI MSI is more is more beneficial for sellers for sellers while while a a 6 higher MSI is is better for for buyers . The . The March March 2018 2018 MSI MSI of 12.0 of 12.0 4 months was was at at its its highest level level compared with with March March of 2017 of 2017 2 and 2016 . .
0
18 16 14 12 10 8 6 4 2 0 A 15
0 9
1
8 8 8 8
0 9
0
Total Inventory & Month ' s Supply of Inventory ( MSI ) Total Inventory & Month ' s Supply of Inventory ( MSI )
8
6 6
2 6 5
0 6
1 5
8 8
9 0 8
11 0 8
13 0
9 14
0
11
13 13
0 12
14 1
13 0
10 10
0
12 12
2
11 10
13 10
12 12
11 11
8 10
11
13 12 12 17 17 17
15
14 13 13
M AJ MJ AJ SJ OA NS DO JN FD MJ
AF MJ AJMA JS JO AN SD OJ
NF MD AJ
MF MJ JA AM SJ OJ NA DS JOFNM D J
15
16 16
17 17
18
1 0 0 13
1
12 0 0 8
1 10
1 11
0 13
0 12
2 12
0
17 0
17 17
0 15
0 12
14
0 0
0 1 0 0 2 0 1 0 0 0 0 0 1 0 0 2 1 0 0 1 0 0 1 1 0 0 2 0 0 0 0 0 0 0 1 1
0
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
F M
18
13 13
12 1 1
16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
18 | 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 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 .