MA ARCHIVED November 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
$ 1,395,000
-3%
-28%
Average List Price of all Current Listings
$ 1,948,667
-7%
-16%
November Median Sales Price
$ 1,995,000
77 %
28 %
81 %
-4%
$ 1,442,500
-50%
-31%
November Average Sales Price
$ 1,995,000
77 %
28 %
81 %
-2%
$ 1,434,167
-37%
-30%
Total Properties Currently for Sale ( Inventory )
15 -17%
-32%
November Number of Properties Sold
1
0 %
0 %
6
100 %
November Average Days on Market ( Solds )
36 -31% -18% -71% -43%
418
771 %
563 %
Asking Price per Square Foot ( based on New Listings )
$ 0
0 %
-100%
0 %
-100%
$ 389
-28%
-28%
November Sold Price per Square Foot
$ 665
169 % 46 % 166 % 39 %
$ 404
-32%
-15%
November Month ' s Supply of Inventory
15.0 -17% -9% -32% -29%
15.0
-35%
-29%
November Sale Price vs List Price Ratio
100.0 % 11.1 % 5.3 % -13.7%
4.0 %
80.6 %
-19%
-16%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
3 Mo Avg
Property Sales November Property sales were 1 , equal to 1 in November of 2015 and the same as the 1 sales last month . November 2016 sales were at their highest level compared to November of 2015 and 2014 . November YTD sales of 6 are running 100.0 % ahead of last year ' s year-to-date sales of 3 .
4 3 3 2
Number of Properties Sold
3 Mo Avg
2
1
1
Prices The Median Sales Price in November was $ 1,995,000 , up 81.4 % from $ 1,100,000 in November of 2015 and up 77.3 % from $ 1,125,000 last month . The Average Sales Price in November was $ 1,995,000 , up 81.4 % from $ 1,100,000 in November of 2015 and up 77.3 % from $ 1,125,000 last month . November 2016 ASP was at the highest level compared to November of 2015 and 2014 .
0 -1
2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000
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 J J A S O N 13 14
15
16 Median Sales Price and Average Sales Price
D J 13 14
3 Mo Avg
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 J
J
A S O N
15
16
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 1 0 0 0 1 1
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of November was 15 , down 16.7 % from 18 last month and down 31.8 % from 22 in November of last year . November 2016 Inventory was at its lowest level compared with November of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The November 2016 MSI of 15.0 months was at its lowest level compared with November of 2015 and 2014 .
40 35 30 25 20 15 10 5 0
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
D J DF MJ AF M AJ MJ AJ SJ OA NS DO JNFDM JA FM MJ AJ MA JS OJ AN DS OJ
FN MD AJ MF JM JA AM S JO JNA S O N
13 1413 14
15 15
16 16
25
23
25
22
23
23
26
22
28
23
32
26
34
28
32
33
34
32
33
28
32
24
28
20
24
19 19
24
20 22 19
28 28
24 29
28 27
19
22
28
28
29
28
22 22
27
16
22
22
11 11
16
13
11 14 11
15
17 13 17 14 18 15
20 17
18
17
15
18
20
18
15
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