MA ARCHIVED November 2017 | Page 26

Market Action Report
November 2017
Kent
County: Kent
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
$289,900
0%
10%
Other
$478,887 Trending
-1% versus*:
19%
Month
LM -3%
L3M 1%
PYM 85%
LY
$250,000
$289,900
0% 4% 4%
10% -7%
$277,631
$478,887 230
-1% -11% 19% -12%
$250,000 -3%
1% 85% -6%
25%
16 -57%
$277,631 4%
4%
-7%
8%
83 -60% -46% -54%
230 -11%
-12%
$148 -30% -21% -14%
16 -57%
-6%
$140 -13% -7% -38%
83 -60% -46% -54% -52%
14.4 107% 30% -6%
$148 -30% -21% -14% -8%
87.7% -2.2% -1.8% 10.2%
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
November Month's Supply of Inventory
November Sale Price vs List Price Ratio
* LM=Last
Mon th / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
40
November Property sales were 16, down 5.9% from 17 in
November of 2016 and 56.8% lower than the 37 sales last month. 35
Property
November Sales
2017 sales were at their lowest level compared to 40 30
November
Property
down 5.9% YTD
from
17 in of 293 are
November
of 2016 sales
and were
2015. 16,
November
sales
35 25
November
of 2016
and of
56.8%
lower than
the 37 sales
last
running 6.5%
ahead
last year's
year-to-date
sales
of month.
275.
Prices
The Median Sales Price in November was $250,000, up 85.2%
from $135,000 in November of 2016 and down 3.1% from
Prices
The
Median last
Sales month.
Price in The
November
$250,000,
85.2% was
$258,000
Average was
Sales
Price in up
November
500
from
$135,000
in November
2016 and in down
3.1% from
$277,631,
down
7.3% from of
$299,486
November
of 2016 and
450
$258,000
last
month.
The
Average
Sales
Price
in
November
was
up 3.8% from $267,443 last month. November 2017 ASP was at
$277,631,
down
7.3% from
in of
November
2016 and
400
a mid range
compared
to $299,486
November
2016 and of 2015.
up 3.8% from $267,443 last month. November 2017 ASP was at
a mid range compared to November of 2016 and 2015.
350
3 Mo Avg
3 Mo Avg
14
29
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
5
10
5
0%
4%
14%
-22%
3%
10
15
7% 10%
-2% 9%
5%
16%
0%
-24%
4%
3%
15
20
10%
293
9%
173
-8%
$167
293
7%
6%
$150
173
-2%
12%
10.0
$167
5%
1.1%
89.2%
20
25
$220,000
$281,806
-52%
Number of Properties Sold
30
Trending versus*:
$140 -13% -7% -38% 6%
$150
16%
14%
14.4 107% 30% -6% 12%
10.0 -24%
-22%
Number of 89.2%
Properties
87.7% -2.2% -1.8% 10.2% 1.1%
3% Sold 3%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
November 2017 sales were at their lowest level compared to
November of 2016 and 2015. November YTD sales of 293 are
running 6.5% ahead of last year's year-to-date sales of 275.
Trending versus*:
Prior YTD Prior Year
YTD
Prior YTD 10%
Prior Year 10%
25% YTD
$220,000
8%
$281,806
9%
9%
County: Kent
Market Action Report
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
500
450
Median Sales Price and Average Sales Price
3 Mo Avg
400
350
300
300 250
250 200
200 150
150 100
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
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
100
14 15
Inventory & MSI
400
350
300
250
200
150
100
50
0
17
Total Inventory & Month's Supply of Inventory (MSI)
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of
November
was 230,
10.5%
from 257
The
Total Inventory
of down
Properties
available
for last
sale month
as of and down
11.5% from
260
in down
November
last 257
year.
November
was
230,
10.5% of
from
last November
month and 2017
down 400
Inventory
was in
at November
its lowest of
level
with November
of 350
11.5%
from 260
last compared
year. November
2017
300
Inventory
at its lowest level compared with November of
2016 and was
2015.
2016 and 2015.
250
200
A comparatively lower MSI is more beneficial for sellers while 150
a
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
MSI is better
for buyers.
November
2017 while
MSI a of 14.4
100
higher
MSI
is better
for buyers.
November
MSI of 14.4
months
was
at its lowest
level The
compared
with 2017
November
of 2016 50
months
was at its lowest level compared with November of 2016
and 2015.
0
and 2015.
16
Total Inventory & Month's Supply of Inventory (MSI)
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
26 | c
.
Data
provided
courtesy
of Coastal
Association REALTORS
of REALTORS
of 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
o l of d Coastal
w e Association
l l b a of n
k e r of h MD,
o Inc.,
m 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.
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0