MA ARCHIVED November 2017 | Page 23

Market Action Report
November 2017
County: Sussex
SUSSEX
Market Action Report
Agent Name
November 2017
Title
Phone
Agent Name
Website
Title
Other
Community
County: Sussex Information
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
$1,749,900
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
LM
Trending versus*:
L3M PYM
LY
3%
8%
$1,984,367 Trending
0% versus*: 3%
Month
LM L3M PYM
LY
$1,550,000
$1,749,900
3% -8% -2%
8% 6%
$1,535,556
$1,984,367
0% -11% -7%
3% -12%
150
-7%
$1,550,000 -8% -2% 6% -11%
3%
9 -31%
$1,535,556 -11%
-7% -12% -10%
-7%
150 229
-7% 104% 52%
-11% 6%
$662
-27%
1% -4%
9 -31%
-10%
229 $516
104% -8%
52% -4%
6% -4%
4%
$662 16.7
-27% 35%
1% 30%
-4% -1%
9%
$516 89.4%
-8% -3.7%
-4% -2.4%
-4% -1.0%
-3%
Average List Price of all Current Listings
Market Profile & Trends Overview
November Median Sales Price
Median List Price of all Current Listings
November
Sales
Price Listings
Average
List Average
Price of all
Current
Total Properties
November
Median Currently
Sales Price for Sale (Inventory)
November Average
Number
of Properties
Sold
November
Sales
Price
November
Average
Days for
on Sale
Market
(Solds)
Total
Properties
Currently
(Inventory)
Asking Price
per Square
Foot (based
November
Number
of Properties
Sold on New Listings)
November Average
Sold Price
Foot
November
Days per
on Square
Market (Solds)
Asking
Price Month's
per Square
Foot (based
on New Listings)
November
Supply
of Inventory
November
per
Foot Ratio
November Sold
Sale Price
Price
vs Square
List Price
* LM=Last Month Month's
/ L3M=Last 3 Supply
Months / PYM=Same
Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 16.7 35% 30%
November
of Inventory
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property Sales
25
November Property sales were 9, down 10.0% from 10 in
November Sales
of 2016 and 30.8% lower than the 13 sales last month.
Property
25
November
2017 sales
mid level
compared
to November 20
November
Property
sales were
were at 9, a down
10.0%
from 10 in
of 2016 and
2015. and
November
YTD than
sales
151
are last
running
November
of 2016
30.8% lower
the of 13
sales
month.
45.2% ahead
last were
year's at year-to-date
sales of 104.
November
2017 of sales
a mid level compared
to November 20 15
3%
3%
3%
3%
151
1% 45% 3%
4%
170 -22%
9%
0%
151 $615
45%
-3%
170 $548
-22% 3% -23%
0% -49% 1%
-27% $615 12.3
3%
-4.4% $548 93.2%
-0% 3%
-23%
1%
3%
-46%
-0%
3 Mo Avg
3 Mo Avg
10
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
14 15
16
17
0
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
14 15
17 Sales Price
Median 16 Sales Price and Average
The Median Sales Price in November was $1,550,000, up 6.2%
Prices
2,300
from
$1,460,000
in November
of 2016
and down 7.7%
from
The
Median
Sales Price
in November
was $1,550,000,
up 6.2%
2,300
$1,680,000
last in month.
The of
Average
Sales
Price
in from
November
2,100
from
$1,460,000
November
2016 and
down
7.7%
was $1,535,556,
down The
11.9%
from $1,743,250
in November
November of
$1,680,000
last month.
Average
Sales Price in
2,100
2016
and down down
11.1% 11.9%
from from
$1,727,308
last in
month.
November
1,900
was
$1,535,556,
$1,743,250
November
of
2017 and
ASP
was 11.1%
at a mid
range
compared
to November
of 2016 1,900
2016
down
from
$1,727,308
last month.
November
1,700
and ASP
2015.
2017
was at a mid range compared to November of 2016
and 2015.
$1,550 ,000
$1,692,972
3%
1%
5
5
Prices
$1,550,000
$1,692,972
10
10
0
3%
-7%
Number of Properties Sold
15
Trending versus*:
Prior YTD Prior Year
YTD
-1% -27%
12.3 -49%
-46%
89.4% -3.7% -2.4% -1.0% -4.4%
93.2%
-0%
Number of Properties Sold -0%
November Sale Price vs List Price Ratio
of 2016 and 2015. November YTD sales of 151 are running
45.2% ahead of last year's year-to-date sales of 104.
Trending versus*:
Prior YTD Prior Year
YTD
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
1,700
1,500
1,500
1,300
1,300
1,100
1,100
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
D J 14
F 15
M A M J J A S O N D J F M 16 A M J J A S O N D J F M A
17 M J J A S O N
14 15
16
17
Inventory & MSI
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
70.0
60.0
100 100
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.
November
of 16.7
higher
is is
better
for for
buyers.
The The
November
2017 2017
MSI MSI
of 16.7
50 50
months was
was
lowest
level
compared
November
of 2016
months
at at
its its
lowest
level
compared
with with
November
of 2016
0
0
and
and 2015.
2015.
J A J S J O A N S D O J N F D M J A F M M J A J M
A J S O
J F N M D A J M F J M J A A M S J O J N A
D J D F M
J A F M
M J A M
J N
A D S O
14 15 14 15
16
17
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
50.0
Coldwell Banker Global Luxury
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 SM
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.
60.0
50.0
40.0
30.0 30.0
20.0 20.0
10.0 10.0
0.0 0.0
S O N
| 23
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.
70.0
40.0
Inventory & MSI
The Total Inventory of Properties available for sale as of
The Total Inventory of Properties available for sale as of
November was 150, down 6.8% from 161 last month and down 250 250
November was 150, down 6.8% from 161 last month and down
10.7% from
from
168
November
of last
year.
November
10.7%
168
in in
November
of last
year.
November
2017 2017
200 200
Inventory
was
lowest
level
compared
November
Inventory
was
at at
its its
lowest
level
compared
with with
November
of of
2016 and
and
2015.
2016
2015.
150 150