MA ARCHIVED October 2016 | Page 26

Market Action Report October 2016
Community Information
Market Action Report October 2016

County : Kent

Price Range : All | Properties : SFH - Con
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
$ 275,000
-4%
20 %
Average List Price of all Current Listings
$ 444,369
-1%
1 %
October Median Sales Price
$ 213,750
13 %
5 %
31 %
16 %
$ 200,000
8 %
8 %
October Average Sales Price
$ 258,016
-14% -3%
12 %
1 %
$ 256,860
1 %
1 %
Total Properties Currently for Sale ( Inventory )
268
-5%
-18%
October Number of Properties Sold
24 -14%
-11%
258
19 %
October Average Days on Market ( Solds )
142 -34% -7%
16 %
-11%
177
11 %
11 %
Asking Price per Square Foot ( based on New Listings )
$ 134
-24% -14% -8%
-20%
$ 160
-6%
-5%
October Sold Price per Square Foot
$ 149
5 %
5 %
49 %
7 %
$ 125
-8%
-10%
October Month ' s Supply of Inventory
11.2
11 %
9 %
-8%
-34%
12.9
-25%
-23%
October Sale Price vs List Price Ratio
88.0 %
2.9 % 1.3 %
. 9 %
1.2 %
86.8 %
-1%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
40
October Property sales were 24 , down 11.1 % from 27 in October of 2015 and 14.3 % lower than the 28 sales last month . October
35
Number of Properties Sold
3 Mo Avg
Property
2016 sales Sales were at their lowest level compared to October of
40
October
2015 and Property 2014 . sales October were YTD 24 , down sales 11.1 of 258 % from are running 27 October 18.9 % of 2015 and 14.3 % lower than the 28 sales last month . October
35 ahead of last year ' s year-to-date sales of 217 .
2016 sales were at their lowest level compared to October of
30
2015 and 2014 . October YTD sales of 258 are running 18.9 %
30
25
20
ahead of last year ' s year-to-date sales of 217 .
25
15
20
10
15
5
10
0
5
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
0
13
14
15
16
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
Prices
Median Sales Price and Average Sales Price
13
14
15
16
3 Mo Avg
The Median Sales Price in October was $ 213,750 , up 31.1 % from
600
Prices
$ 163,000 in October of 2015 and up 13.1 % from $ 188,950 last
Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in October Price was in October $ 213,750 was , up $ 31.1 258,016 % from , up
550
600
$
12.3 163,000 % from in October $ 229,826 of 2015 in October and up of 13.1 2015 % from and $ down 188,950 14.2 last % from
500 month . The Average Sales Price in October was $ 258,016 , up
550
$ 300,868 last month . October 2016 ASP was at a mid range
450
12.3 % from $ 229,826 in October of 2015 and down 14.2 % from
500 compared to October of 2015 and 2014 .
400
$ 300,868 last month . October 2016 ASP was at a mid range
450
350 compared to October of 2015 and 2014 .
400
300
350
250
300
200
250
150
200
150
100
100
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
13
J
F
14 M A M J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M A
16 M J
J
A S O
13
14
15
16
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
October Total Inventory was 268 , down of Properties 4.6 % from available 281 last for sale month as of and down
October
18.0 % from was 268 327 , down in October 4.6 % from of last 281 year last . month October and 2016 down Inventory
450
18.0 was % at from its lowest 327 in level October compared of last year with . October 2016 of 2015 Inventory and
2014400 . was at its lowest level compared with October of 2015 and 2014 .
350
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The October 2016 MSI of 11.2 higher MSI is better for buyers . The October 2016 MSI of 11.2
100 months was at its lowest level compared with October of 2015 months was at its lowest level compared with October of 2015
50 and 2014 . and 2014 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
450
400
50.0
350
300
40.0
250
30.0
200
150
20.0
100
50
10.0
0
0.0
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 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
13
14
15
16
50.0
40.0
30.0
20.0
10.0
0.0
332 315
15

Kent

332 306
21 315 313
13
15 21 13 7 15
Agent Name
Title Phone Website Other

Community Information

7 15 8 19 23 25
337 306
313 366
381 337
381 366
388 381 379 381
380
388 23 19 26
Number of Properties Sold
19 25
8 19 23 25 23 19 26 19 25 13 9
13 9 21 19 19 31
21 19 19 31 26 25 27 27 17 27 15 11 14 34 37 34 32 29 28 24
372 379
336 380
310 372
303 336
308 310
321 303
347
347 308
352 321
342 347
349 347
341 352
327 342
316 349
291 341
273 327
274 316 295
291 295 273 297 274 295
295 287
295 273
297 281
295 268
287
26 25 27 27 17 27 15 11 14 34 37 34
273 32
281
3 Mo Avg
29
268 28 24
26 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con 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 .