MA ARCHIVED October 2016 | Page 14

Cecil Community Information

Cecil 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
$ 2,400,000
7 %
23 %
Average List Price of all Current Listings
$ 3,079,535
4 %
67 %
October Median Sales Price
$ 1,300,000
-4%
-2%
-7%
$ 1,350,000
-11%
-4%
October Average Sales Price
$ 1,300,000
-4%
-2%
-41%
$ 1,550,000
-40%
-30%
Total Properties Currently for Sale ( Inventory )
11
-8%
0 %
October Number of Properties Sold
1
0 %
3
-40%
October Average Days on Market ( Solds )
56 -39% -24%
-68%
53
-74%
-70%
Asking Price per Square Foot ( based on New Listings )
$ 0
0 %
-100%
0 %
-100%
$ 867
149 %
149 %
October Sold Price per Square Foot
$ 307
0 %
-44%
$ 307
-60%
-44%
October Month ' s Supply of Inventory
11.0
-8%
-4%
0 %
57 %
11.3
45 %
62 %
October Sale Price vs List Price Ratio
96.3 %
10.6 % 5.0 %
24.2 %
94.5 %
19 %
22 %
* 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 October Property sales were 1 , up from 0 in October of 2015 and the same as the 1 sales last month . October 2016 sales were at their highest level compared to October of 2015 and 2014 . October YTD sales of 3 are running 40.0 % behind last year ' s year-to-date sales of 5 .
3
2
2
Number of Properties Sold
3 Mo Avg
1
1
Prices The Median Sales Price in October was $ 1,300,000 , up from $ 0 in October of 2015 and down 3.7 % from $ 1,350,000 last month . The Average Sales Price in October was $ 1,300,000 , up from $ 0 in October of 2015 and down 3.7 % from $ 1,350,000 last month . October 2016 ASP was at the highest level compared to October of 2015 and 2014 .
0
-1
4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000
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
13
14
15
16
Median Sales Price and Average Sales Price
3 Mo Avg
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
13
14
15
16
1 0 1 2 0 0 1 0 1 0 1 0 0 0 0 0 0 2 1 2 0 0 0 0 0 2 0 0 0 0 1 0 0 0 1 1
3 Mo Avg
Inventory & MSI The Total Inventory of Properties available for sale as of October was 11 , down 8.3 % from 12 last month and equal to 11 in October of last year . October 2016 Inventory was at its lowest level compared with October of 2015 and 2014 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The October 2016 MSI of 11.0 months was at its highest level compared with October of 2015 and 2014 .
25
20
15 10 5 0
Total Inventory & Month ' s Supply of Inventory ( MSI )
25 25.0
20 20.0
15 15.0
10 10.0
5 5.0
0 0.0
N D NJ
DF MJ AF M JA MJ AJ SJ OA NS DO J NF DM JA FM MJ AJ MA JS OJ NA DS OJ
FN MD AJ MF JM JAAMS JO
J A S O
13 13 14 14
15 15
16 16
10
10
8
8 8 8
11
8
15
8
16
11
18
16 18
15 17
18 20
18
17 19
20
17
19
15
13
17
14
15
12
13
11
14
12
12 12
11 13 12
12 12
11
13
11
11
10
12
9
11
7
10
6
9
7
9
7
11
6
13
7
14 14
9
11 12
13
11
14
14
12
11
25.0 20.0 15.0 10.0 5.0 0.0
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