MA ARCHIVED October 2016 | Page 50

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

County : Clarke

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
$ 415,000
-3%
4 %
Average List Price of all Current Listings
$ 756,146
6 %
-2%
October Median Sales Price
$ 387,500
9 %
8 %
21 %
23 %
$ 337,500
8 %
7 %
October Average Sales Price
$ 376,153
-14% -3% -16% -11%
$ 383,152
-10%
-10%
Total Properties Currently for Sale ( Inventory )
99 -18%
-28%
October Number of Properties Sold
18
-5%
-33%
185
27 %
October Average Days on Market ( Solds )
75
44 % -13% -40% -20%
106
10 %
13 %
Asking Price per Square Foot ( based on New Listings )
$ 176
-39% -12% -44%
-1%
$ 185
9 %
5 %
October Sold Price per Square Foot
$ 143
15 %
1 %
-0%
-4%
$ 146
-2%
-2%
October Month ' s Supply of Inventory
5.5 -13% -5%
8 %
-44%
6.8
-33%
-30%
October Sale Price vs List Price Ratio
92.9 % -1.9% -1.1% 5.2 %
. 7 %
93.1 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales October Property sales were 18 , down 33.3 % from 27 in October
of 2015 and 5.3 % lower than the 19 sales last month . October Property 2016 sales Sales were at their lowest level compared to October of 30
October 2015 and Property 2014 . sales October were YTD 18 , down sales 33.3 of 185 % from are running 27 October 26.7 % of ahead 2015 and of last 5.3 year % lower ' s year-to-date than the 19 sales last of 146 month . . October
25
2016 sales were at their lowest level compared to October of 2015 and 2014 . October YTD sales of 185 are running 26.7 %
20 ahead of last year ' s year-to-date sales of 146 .
15
30
25
20
15
10

Clarke

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10
5
5 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 Median Sales Price and Average Sales Price
13 14 15
16
3 Mo Avg The Median Sales Price in October was $ 387,500 , up 21.1 % from
Prices $ 320,000 in October of 2015 and up 9.2 % from $ 355,000 last 950 Median Sales Price and Average Sales Price
3 Mo Avg The month Median . The Sales Average Price Sales in October Price was in October $ 387,500 was , up $ 21.1 376,153 % from , down
850
$ 16.2 320,000 % from in October $ 448,998 of 2015 in October and up of 9.2 2015 % from and $ down 355,000 13.9 last % from 950 month $ 436,989 . The last Average month Sales . October Price in 2016 October ASP was was $ 376,153 at a mid , down range 750
850 16.2 compared % from $ to 448,998 October in of October 2015 and of 2015 2014 and . down 13.9 % from 650 $ 436,989 last month . October 2016 ASP was at a mid range 750
550 compared to October of 2015 and 2014 .
650 550
450
450 350
350 250
250 150 150
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The October Total Inventory was 99 , down of Properties 17.5 % from available 120 last for month sale as of and down 180
20.0
October 28.3 % from was 99138 , down in October 17.5 % from of last 120 year last . month October and 2016 down Inventory 180 160 20.0
28.3 was % at from its lowest 138 in level October compared of last year with . October 2016 of 2015 Inventory and 2014160 . 140
15.0 was at its lowest level compared with October of 2015 and 2014 . 140 120 15.0
120 100 100
10.0 80
10.0
A comparatively lower MSI is more beneficial for sellers while a
80 60 A comparatively lower MSI is more beneficial for sellers while a 60 higher MSI is better for buyers . The October 2016 MSI of 5.5 40
5.0 higher MSI is better for buyers . The October 2016 MSI of 5.5 40
5.0 months was at a mid level compared with October of 2015 and 20 months was at a mid level compared with October of 2015 and 20 2014 .
0 0.0
2014 . 0
114
N 13
100 16
114 101
15 100 100
13 102
16 15 13 8 7
8
101
100 122 7 140
102 22 12 20 14
122 151
146 140 144 151
135 146
22 12 20 14 23 9
23 23 144
8
129 114
9 135
11
106 23 129 101
8
114 87
11
106 103
9 5
9 131
101 5
134 87
14
155
131 160
134 159
103
155
138 128 119
14 15 10 14 18 14 20 27 18 15 9 12 16 28 18 20 22 23 19 18
107 138
110 128 118
119 119 107 120 110 119
118
124 119 127
120 120
119 99
124
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
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
14 15
16
15 10 155
14 160
18 159
14
155 20 27 18 15 9 12 16 28 18 20
127 22
120 23
99 19 18
50 | 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 .