MA ARCHIVED November 2017 | Page 34

Market Action Report
November 2017
Somerset
County: Somerset
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
$142,500
2%
-5%
Other
$203,365 Trending
2% versus*: 2%
Month
LM -26%
L3M -14%
PYM 115%
LY
$120,000
$142,500
2% -20% -9%
-5% 41%
$131,461
$203,365 184
2% -4%
2% -2%
$120,000 -26%
-14%
115%
33%
23 28%
35%
$131,461 123
-20% -38%
-9% -2%
41% -10%
10%
184 -4%
-2%
$87 23% 7% 1%
23 28%
35%
$78 -5% -5% 27%
123 -38% -2% -10% -16%
8.0 -25% -18% -28%
$87 23% 7% 1% 4%
88.5% 2.1% .7% 10.8%
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
$78 -5% -5% 27%
8.0 -25% -18% -28%
88.5% 2.1% .7% 10.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
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
30
November Property sales were 23, up 35.3% from 17 in
November of 2016 and 27.8% higher than the 18 sales last
25
Property
Sales 2017 sales were at their highest level
month. November
30
November
sales were
23, up
17 in YTD sales
compared Property
to November
of 2016
and 35.3%
2015. from
November
20
November
2016 and
27.8%
higher
than year's
the 18 year-to-date
sales last
of 206 are of running
2.0%
ahead
of last
sales 25
of
month.
November
2017
sales
were
at
their
highest
level
202.
15
compared to November of 2016 and 2015. November YTD sales
$125,000
$132,407
-16%
43%
206
12%
139
$88
206
2%
$77
139
-1%
10.9
$88
0%
86.2%
4%
18%
-33%
3.6%
2% 39%
-1% 10%
0%
18%
-5%
-11%
5%
0%
-5%
5%
17%
-9%
1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
Prices
The Median Sales Price in November was $120,000, up 114.7%
from $55,900 in November of 2016 and down 26.1% from
Prices
The
Median last
Sales
Price in The
November
$120,000,
114.7% was
$162,450
month.
Average was
Sales
Price in up
November
from
$55,900
November
of 2016 and
down 26.1%
$131,461,
up in
41.0%
from $93,223
in November
of from
2016 and 190
$162,450
last month.
The Average
Sales Price
in November
down 19.6%
from $163,465
last month.
November
2017 was
ASP
$131,461,
up highest
41.0% from
in November
of 2016
and and 170
was at the
level $93,223
compared
to November
of 2016
down
150
2015. 19.6% from $163,465 last month. November 2017 ASP
14
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 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
190
Median Sales Price and Average Sales Price
3 Mo Avg
170
150
130
130 110
110 90
90 70
70 50
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
50
14 15
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
350
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
35.0
35.0 30.0
30.0 25.0
25.0
November
was 184,
4.2% available
from 192 for
last
month
The
Total Inventory
of down
Properties
sale
as of and down
350 300
2.1% from was
188 184,
in November
last 192
year.
November
down 4.2% of
from
last November
month and 2017
down
Inventory
was
its lowest of level
compared
with November
of 300 250
2.1%
from 188
in at
November
last year.
November
2017
Inventory
at its lowest level compared with November of
2016 and was
2015.
250 200
2016 and 2015.
200
150
A comparatively lower MSI is more beneficial for sellers while 150
a 100
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
MSI is better
for buyers.
November
2017 while
MSI a of 8.0
100
50
higher
MSI
is better
for buyers.
November
MSI of 8.0
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
0
and 2015.
0
and 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
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
20.0
15.0
10.0
5.0
0.0
S O N
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
34 | c
.
22
0
5 5
10
10
15
0
was at the highest level compared to November of 2016 and
2015.
Trending versus*:
Prior YTD 43%
Prior Year 39%
33% YTD
$125,000
10%
$132,407
12%
10%
20
of 206 are running 2.0% ahead of last year's year-to-date sales of
202.
Trending versus*:
Prior YTD Prior Year
YTD
18%
$77
18%
17%
-33%
10.9 -11%
-9%
Number of 86.2%
Properties
3.6%
0% Sold 1%
County: Somerset
Market Action Report
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.
20.0
15.0
10.0
5.0
0.0