MA ARCHIVED September 2016 | Page 26

Market Action Report September 2016
Community Information
Market Action Report September 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
$ 289,000
1 %
26 %
Average List Price of all Current Listings
$ 452,320
3 %
-1%
September Median Sales Price
$ 188,950
-10% -10%
-5%
2 %
$ 195,450
5 %
6 %
September Average Sales Price
$ 300,868
18 %
12 %
29 %
18 %
$ 256,742
-1%
1 %
Total Properties Currently for Sale ( Inventory )
279
2 %
-18%
September Number of Properties Sold
28
-3%
4 %
234
23 %
September Average Days on Market ( Solds )
216
61 %
26 %
93 %
35 %
180
10 %
13 %
Asking Price per Square Foot ( based on New Listings )
$ 179
20 %
8 %
-11%
7 %
$ 162
-6%
-4%
September Sold Price per Square Foot
$ 141
3 %
6 %
14 %
1 %
$ 122
-12%
-12%
September Month ' s Supply of Inventory
10.0
5 %
5 %
-21% -41%
13.1
-26%
-22%
September Sale Price vs List Price Ratio
85.5 % -1.9% -2.0% -5.2% -1.7%
86.7 %
-1%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales September Property sales were 28 , up 3.7 % from 27 in September of 2015 and 3.4 % lower than the 29 sales last month . Property September Sales 2016 sales were at their highest level compared to 40 September Property sales were 28 , up 3.7 % from 27 in September of 2015 and 2014 . September YTD sales of 234 are September of 2015 and 3.4 % lower than the 29 sales last month 35 running 23.2 % ahead of last year ' s year-to-date sales of 190 . September 2016 sales were at their highest level compared to
30
September of 2015 and 2014 . September YTD sales of 234 are running 23.2 % ahead of last year ' s year-to-date sales of 190 . 25
Prices The Median Sales Price in September was $ 188,950 , down 4.6 %
Prices from $ 198,000 in September of 2015 and down 10.0 % from The $ 210,000 Median last Sales month Price . in The September Average was Sales $ 188,950 Price in , down September 4.6 %
600 from was $ 198,000 300,868 in , up September 28.6 % from of 2015 $ 233,939 and down in September 10.0 % from of 2015550 $ and 210,000 up 18.5 last % month from
. $ The 253,989
Average last Sales month
Price . September in September 2016 ASP was $ 300,868 , up 28.6 % from $ 233,939 in September of 2015
500 was at a mid range compared to September of 2015 and 2014 . and up 18.5 % from $ 253,989 last month . September 2016 ASP 450
was at a mid range compared to September of 2015 and 2014 . 400 350
300 250 200 150 100
20 15 10 5 0
40 35 30 25 20 15 10 5
20 15 21 13 7 15
Number of Properties Sold
8 19 23 25 23 19 26 19 25 13 9 21 19 19 31 26 25 27 27 17 27 15 11 14 34 37 34 32 29 28
O
N
13 D
J
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
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
September Total Inventory was 279 of , up Properties 1.8 % from available 274 last for month sale as of and down
September was 279 , up 1.8 % from 274 last month and down
450
18.2 % from 341 in September of last year . September 2016
18.2 % from 341 in September of last year . September 2016
400
Inventory was at its lowest level compared with September of
Inventory was at its lowest level compared with September of
350
2015 and 2014 .
2015 and 2014 .
300
250
200
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The September 2016 MSI of higher MSI is better for buyers . The September 2016 MSI of
100
10.0 months was at its lowest level compared with September of
10.0 months was at its lowest level compared with September of
50
2015 and 2014 .
2015 and 2014 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
450
400
50.0
350
40.0
300
250
30.0
200
150
20.0
100
50
10.0
0
0.0
O
N
O D
N J
D
F M
J
A
F M
J
A
J
M
A
J S
J O
A N
S D
O J
N
F
D M
J A
F M
M J
A
J
M
A S
J
O
J
N
A
D
S
J
O
F
N
M
D A
J M
F
J
M
J
A
A
M S
J
J
A S
13
13
14
14
15
15
16
16
352 332
20

Kent

15 21
315 306 313
Agent Name
Title Phone Website Other

Community Information

13 7
315
337 306
313 366 15 8
381 381
19
388
379 23 25
380 372
23 336
19
Number of Properties Sold
26
310
303 19 25
308 321
13 9
347
308 347
21 19
352 342 349 19 31
341
327 26 25
316 291
27 27
273 274
17 27
295 295 297 15 11
295 287
14
3 Mo Avg
0
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 M J
J
A
S
13
14
15
16
O
N D
J
F M A M J
13
14
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
Median Sales
15 Price and Average Sales
16 Price
J
A
S
3 Mo Avg
600
550
Median Sales Price and Average Sales Price
3 Mo Avg
500
450
400
350
300
250
200
150
100
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 M J J A S
352 332
337 366 381 381 388 379 380 372
336 310 303
321 347 347 352 342 349 341 327 316 291 273 274 295 295 297
34
274 279
295 37
287 34
274
3 Mo Avg
32
279 29 28
50.0 40.0 30.0
20.0 10.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con
26 | c o l d w e l l b a n k e r h o m e s . c o m
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 .