MA ARCHIVED November 2017 | Page 14

Market Action Report
November 2017
Cecil
County: Cecil
Agent Name
Title
Phone
Agent
Name
Website
Title Other
November 2017
Community Information
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$284,900
4%
8%
Other
$371,532 Trending
3% versus*: 9%
Month
LM 1%
L3M 2%
PYM 10%
LY
$239,000
$284,900
4% 4% 1%
8% 14%
$253,520
$371,532 384
3% -10% 9% -29%
$239,000 111
1% 4%
2% 10% 26%
11%
$253,520 4%
1%
14%
10%
93 37% 18% 26%
384 -10%
-29%
$126 5% -5% -1%
111 4%
26%
$140 2% 2% 25%
93 37% 18% 26% 2%
3.5 -13% -20% -44%
$126 5% -5% -1% -3%
92.0% -1.0% -1.0% -1.5%
Average List Price of all Current Listings
Market
Profile
& Trends
Overview
November
Median
Sales Price
Median
List Price
of all
Current
November
Average
Sales
Price Listings
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
November
Sales
Price
November Median
Number
of Properties
Sold
November Average Sales Price
November Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
November Number of Properties Sold
November Sold Price per Square Foot
November Average Days on Market (Solds)
November Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
November Sale Price vs List Price Ratio
November Sold Price per Square Foot
$140 2% 2% 25%
3.5 -13% -20% -44%
92.0% -1.0% -1.0% -1.5%
November Month's Supply of Inventory
November Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
160
November Property sales were 111, up 26.1% from 88 in
140
November of 2016 and 3.7% higher than the 107 sales last
Property
Sales 2017 sales were at their highest level
month. November
160 120
November
sales were
111, and
up 26.1%
88 in YTD sales
compared Property
to November
of 2016
2015. from
November
140 100
November
of 2016
and 4.1%
3.7% ahead
higher of
than
107 year-to-date
sales last
of 1,110 are
running
last the
year's
sales
month.
November 2017 sales were at their highest level
of 1,066.
120
80
compared to November of 2016 and 2015. November YTD sales
100
4% 7%
-3% 6%
5%
8%
-5%
-20%
4%
1%
-3%
$135
1,110
4%
18%
$127
86
-3%
-45%
5.0
$135
5%
-.4%
93.6%
-5%
4%
8%
-20%
1%
3 Mo Avg
3 Mo Avg
111
D J F M A M J J A S Median
O N D J Sales
F M A Price
M J J and
A S Average
O N D J Sales
F M A Price
M J J A S O N
3 Mo Avg
14 15
16
17
Prices
350
330
310
290
270
250
230
210
190
170
150
Median Sales Price and Average Sales Price
3 Mo Avg
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
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
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
600
500
A comparatively lower MSI is more beneficial for sellers while 400
a
300
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
MSI is better
for buyers.
November
2017 while
MSI a of 3.5
200
higher
MSI
is better
for buyers.
November
MSI of 3.5
months
was
at its lowest
level The
compared
with 2017
November
of 2016
months
was at its lowest level compared with November of 2016 100
and 2015.
0
and 2015.
2016 and 2015.
900
800
700
600
500
400
300
200
100
0
Total Inventory & Month's Supply of Inventory (MSI)
The Total Inventory
Inventory
& MSI of Properties available for sale as of
November
was 384,
9.9% available
from 426
The
Total Inventory
of down
Properties
for last
sale month
as of and down
28.9% from
November
of last
November
2017 900
November
was 540
384, in down
9.9% from
426 year.
last month
and down
Inventory
lowest level
compared
with November
of 800
28.9%
from was
540 at
in its
November
of last
year. November
2017
700
Inventory
at its lowest level compared with November of
2016 and was
2015.
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 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
14 15
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
14 | c
71
73
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
0
20
20
40
40
60
3.6% from $244,599 last month. November 2017 ASP was at the 290
270
highest level compared to November of 2016 and 2015.
250
230
210
190
170
150
$230,000 1,110
7%
$244,566
6%
2%
86
60
80
The Median Sales Price in November was $239,000, up 10.2%
from $216,900 in November of 2016 and up 1.0% from
Prices
The
Median last
Sales month.
Price in The
November
$239,000,
10.2% was
$236,600
Average was
Sales
Price in up
November
350
from
$216,900
November
of 2016 and
1.0% from
$253,520,
up in
13.9%
from $222,630
in up
November
of 2016 and up
330
$236,600
last
month.
The
Average
Sales
Price
in
November
was
3.6% from $244,599 last month. November 2017 ASP was at the
$253,520,
up 13.9%
from $222,630
in November
of 2016
and up 310
highest level
compared
to November
of 2016 and
2015.
Trending versus*:
Prior YTD 7%
Prior Year 7%
11% YTD
$230,000
10%
$244,566
6%
6%
Number of Properties Sold
of 1,110 are running 4.1% ahead of last year's year-to-date sales
of 1,066.
Trending versus*:
Prior YTD Prior Year
YTD
18%
$127
8%
8%
-45%
5.0 -20%
-20%
Number
of 93.6%
Properties
-.4%
1% Sold 1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
County: Cecil
Market Action Report
.
Data
provided
courtesy
of Coastal
Association of REALTORS
of Inc.,
MD, Metropolitan
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 is
provided
courtesy
of MD,
o l of d Coastal
w e Association
l l b a of n REALTORS
kerh
om
e s c o Regional
m Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0