Market Action Report October 2016
Community Information
Market Action Report October 2016
County : Sussex
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 |
$ 329,000 |
0 % |
|
4 % |
|
|
|
|
Average List Price of all Current Listings |
$ 488,043 |
1 % |
|
8 % |
|
|
|
|
October Median Sales Price |
$ 283,000 |
1 % |
6 % |
7 % |
4 % |
$ 270,000 |
0 % |
-1% |
October Average Sales Price |
$ 386,732 |
4 % |
8 % |
10 % |
8 % |
$ 356,428 |
-1% |
0 % |
Total Properties Currently for Sale ( Inventory ) |
2,456 |
-4% |
|
-11% |
|
|
|
|
October Number of Properties Sold |
298 |
3 % |
|
-3% |
|
2,475 |
1 % |
|
October Average Days on Market ( Solds ) |
126 |
-7% |
-2% |
-7% |
-13% |
137 |
-9% |
-6% |
Asking Price per Square Foot ( based on New Listings ) |
$ 193 |
-4% |
5 % |
8 % |
10 % |
$ 184 |
5 % |
5 % |
October Sold Price per Square Foot |
$ 176 |
2 % |
6 % |
8 % |
13 % |
$ 164 |
7 % |
5 % |
October Month ' s Supply of Inventory |
8.2 |
-7% |
-7% |
-8% |
-26% |
10.7 |
-4% |
-3% |
October Sale Price vs List Price Ratio |
95.4 % |
. 6 % |
. 2 % -3.5% -2.2% |
95.4 % |
-2% |
-2% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
350 October Property sales were 298 , down 2.9 % from 307 in October of 2015 and 3.5 % higher than the 288 sales last month . 300 Property Sales October 2016 sales were at a mid level compared to October of 350 October Property sales were 298 , down 2.9 % from 307 in 2015 and 2014 . October YTD sales of 2,475 are running 1.1 % 250 October of 2015 and 3.5 % higher than the 288 sales last month . 300 October
ahead of 2016
last sales
year were
' s year-to-date at a mid level
sales compared
of 2,448 to
. October of
200
2015 and 2014 . October YTD sales of 2,475 are running 1.1 % 250 ahead of last year ' s year-to-date sales of 2,448 .
150
200 150
100
100
Number of Properties Sold
50 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 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 13 14
Median Sales 15 Price and Average Sales 16 Price
3 Mo Avg
The Median Sales Price in October was $ 283,000 , up 6.8 % from Prices
450 $ 265,000 in October of 2015 and up 1.1 % from $ 280,000 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
$ 283,000 was
, up $ 386,732
6.8 % from
, up 450 $ 265,000 in October of 2015 and up 1.1 % from $ 280,000 last 9.6 % from $ 352,705 in October of 2015 and up 3.7 % from 400 month . The Average Sales Price in October was $ 386,732 , up $ 372,891 last month . October 2016 ASP was at the highest level 9.6 % from $ 352,705 in October of 2015 and up 3.7 % from 400 compared to October of 2015 and 2014 .
350
$ 372,891 last month . October 2016 ASP was at the highest level compared to October of 2015 and 2014 .
350 300
300 250
228 229 148 145 183 199 204 253 238 237 254 258 237 272 198 177 209 241 258 264 263 272 259 307 219 259 179 166 216 244 252 317 240 275 288 298
250 200
200 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 13J
F 14 M A M J J A S O N D J F M15A M J J A S O N D J F M A16M 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 2,456 of , down Properties 4.2 % available from 2,565 for last sale month as of and down 3,500 20.0
October was 2,456 , down 4.2 % from 2,565 last month and down 3,500 20.0
11.1 % from 2,763 in October of last year . October 2016
3,000 11.1 Inventory
% from 2,763 was at in its October lowest of level last year compared . October with 2016
October of 2015 3,000 Inventory was at its lowest level compared with October of 2015 2,500
15.0 and 2014 . 2,500
15.0 and 2014 .
2,000 2,000
10.0 1,500
10.0
1,500 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 1,000
1,000 higher
higher MSI
MSI is is better
better for
for buyers
buyers . The
. The October
October 2016
2016 MSI
MSI of 8.2
of 8.2 5.0
5.0 months months was was at at its its lowest lowest level level compared compared with with October October of 2015 of 2015 500
500 and and 2014 2014 . .
0 0
0.0 0.0
N D NJ
DF MJ AF M JA JM AJ
SJ OAN SDOJ NF DM JA FM MJ
AJ MA SJ OJ NA DS JO FN MD AJMF JMJ AAMS JO
J A S O
13 13 14 14
15 15
16 16
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con
Sussex
50
228 229
2,682 2,484 2,484 2,537 2,655
Agent Name
Community Information
148
2,682 2,484 2,484
Title Phone Website Other
145 183
2,537 2,816
2,655 2,901 2,956
2,973 2,961 2,916 2,827 2,683
Number of Properties Sold
2,474 2,429 2,503 2,544 2,627 2,667 2,820 2,912 2,819 2,798 2,763 2,623 2,461 2,440 2,458 2,523 2,590 2,647 2,673 2,667 2,598 2,565 2,456
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
199 204 253 238 237 254 258 237
2,816 2,901 2,956 2,973 2,961 2,916 2,827 2,683
272 198 177 209 241
2,474 2,429 2,503 2,544 2,627 2,667 258 264 263 272 259 307
2,820 2,912 2,819 2,798 2,763 2,623 219 259 179
2,461 2,440 2,458
166 216 244
3 Mo Avg
252 317 240 275
2,523 2,590 2,647 2,673 2,667 2,598 2,565 2,456 c o l d w e l l b a n k e r h o m e s . c o m | 43
3 Mo Avg
288 298