MA ARCHIVED March 2018 | Page 40

Market Action Report
March 2018
County: Worcester
WORCESTER
Agent Name
Market Action Report
Community
Information
County: Worcester
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 down 100.0% from 221 days in March of last year.
The March 2018 DOM was at a mid 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
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
4 550
3 Mo Avg
Number of Properties Sold
3 Mo Avg
6
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 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
The Median Sales Price in March was $0, down 100.0% from
Prices
1,700
$1,115,000
in March
last month.
The
Median Sales
Price of
in 2017
March and
was up
$0, from
down $0
100.0%
from The
1,700 1,600
Average Sales
Price of in 2017
March
down
100.0%
from
$1,115,000
in March
and was
up $0,
from
$0 last
month.
The
$1,191,667
March
of 2017 was
and
up down
from 100.0%
$0 last from
month. March
Average
Sales in Price
in March
$0,
1,600 1,500
2018 ASP was at a mid range compared to March of 2017 and
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 down from
88.7% in March of last year.
120%
80%
60%
20%
1,400 0%
1,300
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
1,300
1,200
40.0
40.0
0.0 0.0
0 10.0
10.0 10 20.0
20.0
20
30.0
30.0
30
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
40
| 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.
50.0
50.0
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
2018
of 0.0 10
higher
is is
better
for for
buyers.
The The
March
2018
MSI MSI
of 0.0
months
at at
a mid
level
compared
with
March
of 2017
and and
months was
was
a mid
level
compared
with
March
of 2017
0
2016.
2016.
50
30
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
50
45
40
35
30
25
20
15
10
5
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 10, up 25.0% from 8 last month and up
100.0% from 5 in March of last year.
1,000
40
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,100
1,100
1,200
Inventory & MSI
The Total Inventory of Properties available for sale as of March
88.7%
40%
1,400
The Total Inventory of Properties available for sale as of March
was 42, up 23.5% from 34 last month and up 44.8% from 29 in 50
was 42, up 23.5% from 34 last month and up 44.8% from 29 in
March of of last
last
year. March
March
2018
Inventory
its highest
March
year.
2018
Inventory
was was
at its at highest
40
level compared
compared
with
March
of 2017
2016.
level
with
March
of 2017
and and
2016.
93.5%
100%
1,500
1,000
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
-1
0 0
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
15
16
17
18
2
226
150
2
3 3
3 Mo Avg
410
350
4
Selling Price per Square Foot
Selling Price per Square Foot
10.0
3%
-48%
-100.0%
9% Sold 7%
Number of 96.3%
Properties
5
-100.0% -100.0%
7
5
-1
100
0% -100% -100% -100%
0.0%
March Sale Price vs List Price Ratio
March Property sales were 0, down 100.0% from 3 in March of
2017 and higher
Property
Sales than the 0 sales last month. March 2018 sales 7
were at
their lowest
level 0,
compared
to March
2017
and of 2016.
March
Property
sales were
down 100.0%
from of
3 in
March
March
sales
of 3
are
running
equal to March
last year's
2017
and YTD
higher
than
the
0 sales
last month.
2018 year-to-
sales
6
date at sales
3. level compared to March of 2017 and 2016.
were
their of lowest
221
200
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
1,550
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 1,350
more normalized indicator on the direction of Property values.
1,150
The Marc h 2018 Selling Price per Square Foot of $0 was up
from $0 last month and down 100.0% from 410 in March of last
950
year.
750
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property Sales
286
300
March
Foot Ratio
March Sold
Sale Price
Price per
vs Square
List Price
400
Asking
per Square
(based on New Listings)
March Price
Month's
Supply Foot
of Inventory
500
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
3 Mo Avg
700
March
Average Currently
Days on Market
Total
Properties
for Sale (Solds)
(Inventory)
$1,191,667 in March of 2017 and up from $0 last month. March
2016.
2018
ASP was at a mid range 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
WORCESTER
County: Worcester
Community Information
$1,392,000 -5%
4%
Trending versus*:
$1,580,174 Trending
-2% versus*: 7%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
-100%
41%
26%
$1,392,000 $0
-5%
4% -100% -100% $1,569,000
-100%
26%
15%
$1,580,174 $0
-2%
7% -100% -100% $1,503,000
45% $1,569,000
$0 42 24%
-100% -100% -100%
41%
26%
0 -100% -100% -100%
3
0% 15%
$0
-100% $1,503,000
26%
0
-100%
325
47%
52%
42 24%
45% -100% -100%
-10%
0 $384 -4% -4%
-100% 4% -15%
3 $403
0% 21%
0 $0 -100% -100%
-100% -100%
-100% -100%
325 $325
47% -21% 52% -25%
$384 0.0
-4% 0%
-4% -100%
4% -100%
-15% -100% $403 10.0
21% 3% -10% -48%
$0 0.0% -100% -100.0%
-100% -100.0%
-100% -100.0% $325 96.3%
-21% 9% -25%
7%
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
March YTD sales of 3 are running equal to last year's year-to-
date sales of 3.
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 ® | 41