MA ARCHIVED May 2016 | Page 26

Kent Community Information

Kent Community Information

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
$ 1,250,000
-28%
-31%
Average List Price of all Current Listings
$ 2,216,350
-9%
-2%
May Median Sales Price
$ 1,000,004
-33% -33%
-52%
$ 1,485,000
-49%
-29%
May Average Sales Price
$ 1,000,004
-33% -27%
-51%
$ 1,361,668
-53%
-33%
Total Properties Currently for Sale ( Inventory )
17
21 %
-41%
May Number of Properties Sold
1
0 %
3
200 %
May Average Days on Market ( Solds )
80
-90% -87%
27 %
633
3065 %
905 %
Asking Price per Square Foot ( based on New Listings )
$ 240
0 %
0 %
-77% -55%
$ 240
-67%
-55%
May Sold Price per Square Foot
$ 0
-100% -100%
-100%
$ 300
-68%
-37%
May Month ' s Supply of Inventory
17.0
21 %
10 %
0 %
-21%
14.0
-26%
-35%
May Sale Price vs List Price Ratio
80.0 %
-. 4 % 12.4 %
-16.8%
71.2 %
-14%
-26%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher ( up ), lower ( down ) or unchanged ( flat )
3 Mo Avg
Property Sales May Property sales were 1 , up from 0 in May of 2015 and the same as the 1 sales last month . May 2016 sales were at their highest level compared to May of 2015 and 2014 . May YTD sales of 3 are running 200.0 % ahead of last year ' s year-to-date sales of 1 .
4 3 3 2
Number of Properties Sold
3 Mo Avg
2 1 1
Prices The Median Sales Price in May was $ 1,000,004 , up from $ 0 in May of 2015 and down 32.7 % from $ 1,485,000 last month . The Average Sales Price in May was $ 1,000,004 , up from $ 0 in May of 2015 and down 32.7 % from $ 1,485,000 last month . May 2016 ASP was at the highest level compared to May of 2015 and 2014 .
0 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
-1 13 14
15 16
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000
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
13
14
15
16
1 0 0 0 0 0 1 0 0 1 0 0 1 0 0 1 3 1 1 1 0 0 0 0 1 0 0 0 0 1 1 0 1 0 1 1
Inventory & MSI The Total Inventory of Properties available for sale as of May was 17 , up 21.4 % from 14 last month and down 41.4 % from 29 in May of last year . May 2016 Inventory was at its lowest level compared with May of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2016 MSI of 17.0 months was at its highest level compared with May of 2015 and 2014 .
40 35 30 25 20 15 10 5 0
33
33 33 33 37
33 33 30
Total Inventory & Month ' s Supply of Inventory ( MSI )
40
35
35.0
30
30.0
25
25.0
20
20.0
15
15.0
10
10.0
5
5.0
0
0.0
J
J
JA
JS
OA
NS DO JN FD
MJ
AF M JA
JMA J S JO AN SD
OJ
NF DM
AJ
MF MJ
AJ
MA SJ
OJ
NA
DS JO FNM DA JM
F M A M
13
13
14
14
15
15
16
16
37 28
30 25
28
25
23 22 23 23 22
26 28
23
32 34 33 32
32
26 28
34 28
33 24
32
28
24
20 19 19
24
22 20
19 29 29 30 29
19 22
24 29 29 27
30 29
22 22
27
16
22 22
11 11
16
17
13 14 11
11 13 14
17
35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0
26 | c o l d w e l l b a n k e r h o m e s . c o m