MA ARCHIVED September 2016 | Page 33

Market Action Report

County: Queen Annes

September 2016

Queen Anne’s
Agent Name
Title
Phone
Website
Other

Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

3 Mo Avg

1,200

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
1,000
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
800
Seller's market. The DOM for September was 33, up from 0
days last month and down 90.0% from 331 days in September of
600
last year. The September 2016 DOM was at its lowest level
compared with September of 2015 and 2014.
400

331

200

75

33

0
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Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is
a more normalized indicator on the direction of Property values.
The September 2016 Selling Price per Square Foot of $0 was up
from $0 last month and down 100.0% from 228 in September of
last year.

600
550
500
450
400
350
300
250
200
150
100

3 Mo Avg

228

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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
120%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more 100%
of a Seller's market. The September 2016 Selling Price vs
80%
Original List Price of 97.7% was up from 93.5% last month and
up from 73.2% in September of last year.
60%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
97.7%

95.8%
73.2%

40%
20%
0%
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64

57

63

63

62

58

50

47

45

56

57

69

78

77

75
44

50

62

62

64
53

73

77

79

78

75

85
63

72

49

47

51

58

64

55

100
90
80
70
60
50
40
30
20
10
0

86

Inventory / New Listings / Sales

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The
graph shows the basic annual seasonality of the market as well
as the relationship between these items. The number of New
Listings in September 2016 was 8, up 60.0% from 5 last month
and up 33.3% from 6 in September of last year.

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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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.

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