MA ARCHIVED October 2016 | Page 38

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

County : Wicomico

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
$ 160,000
-4%
0 %
Average List Price of all Current Listings
$ 195,326
-1%
2 %
October Median Sales Price
$ 144,900
-16% -8%
3 %
1 %
$ 150,000
3 %
4 %
October Average Sales Price
$ 156,350
-18% -5%
-4%
-1%
$ 154,617
-2%
-2%
Total Properties Currently for Sale ( Inventory )
467 -12%
-26%
October Number of Properties Sold
103
-2%
-4%
928
2 %
October Average Days on Market ( Solds )
89
-2%
-8% -23% -13%
101
-1%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 86
-8%
-5%
-2%
-4%
$ 91
-1%
1 %
October Sold Price per Square Foot
$ 81
-13% -6%
-6%
-3%
$ 84
-2%
0 %
October Month ' s Supply of Inventory
4.5 -11% -4% -23% -40%
6.3
-12%
-16%
October Sale Price vs List Price Ratio
94.6 %
1.4 % 1.9 % 6.3 % 3.5 %
92.3 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
140
October Property sales were 103 , down 3.7 % from 107 in
October of 2015 and 1.9 % lower than the 105 sales last month .
120
Property
October 2016 Sales sales were at a mid level compared to October of
140
October
2015 and Property 2014 . sales October were YTD 103 , sales down of 3.7 928 % from are running 107 1.5 %
100
October ahead of of last 2015 year and ' s 1.9 year-to-date % lower than sales the of 105914 sales . last month .
October 2016 sales were at a mid level compared to October of
120
80
2015 and 2014 . October YTD sales of 928 are running 1.5 %
100
ahead of last year ' s year-to-date sales of 914 .
60
80
40
60
40
20

Wicomico

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
20
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
0
13
14
15
16
Prices
The Median Sales Price in October was $ 144,900 , up 3.5 % from
Prices
$ 140,000 in October of 2015 and down 16.0 % from $ 172,500
The last Median month Sales . The Price Average in October Sales Price was $ in 144,900 October , up was 3.5 $ % 156,350 from ,
200
$ down 140,000 3.5 in % October from $ 162,098 of 2015 in and October down 16.0 of 2015 % from and $ 172,500 down 17.6 % last month . The Average Sales Price in October was $ 156,350 ,
190 from $ 189,758 last month . October 2016 ASP was at the lowest down 3.5 % from $ 162,098 in October of 2015 and down 17.6 %
180 level compared to October of 2015 and 2014 . from $ 189,758 last month . October 2016 ASP was at the lowest
170 level compared to October of 2015 and 2014 .
160
150
140
130
120
110
100
N
D
J
F M A M J
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
J
A S O
13
14
15
16
3 Mo Avg
200
Median Sales Price and Average Sales Price
190
3 Mo Avg
180
170
160
150
140
130
120
110
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 467 , down of Properties 12.2 % from available 532 for last sale month as of and down
October
25.8 % from was 467 629 , down in October 12.2 % from of last 532 year last . October month and 2016 down Inventory
700
700
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
25.8 was % at from its lowest 629 in level October compared of last year with . October 2016 of 2015 Inventory and
2014600 . was at its lowest level compared with October of 2015 and 2014 .
500
400
A comparatively lower MSI is more beneficial for sellers while
300 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2016 sellers MSI while of a 4.5
200 higher months MSI was is better at its lowest for buyers level . The compared October with 2016 October MSI of 4.5 of 2015 months was at its lowest level compared with October of 2015
100 and 2014 . and 2014 .
0
500
10.0
400
8.0
300
6.0
200
4.0
100
2.0
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
8.0
6.0
4.0
2.0
0.0
72 58 64 71 61 83 67 65 89 86 83 79 57 98 65 55 78 80 96 122 104 111 96 107 61 71 53 70 88 78 95 126 91 119 105 103
614 584
72 614 563
58 584 551
64
563
609 551
561 638
652 609
644 638 647 652
637 644
561 71 61 83 67 65 89
647 86
627 621
83
Number of Properties Sold
79 57 98 65 55 78 80 96 122
637 581
627 591
621
597 581
596 633
591
645 597
659 596
648 633
642 645
648 659
629 648
609 642
579 648
552 629
572 609 572 579
574 552
574 572
565 572
554 574
551 574
532 565
104 111 96 107 61 71 53 70 88 78
3 Mo Avg
95 467
554 126
551 91 532
3 Mo Avg
119
467 105 103
38 | 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 .