MA ARCHIVED September 2016 | Page 36

Market Action Report September 2016
Community Information
Market Action Report September 2016

County : Talbot

Price Range : $ 1,000,000 and Up | 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
$ 1,695,000
-3%
-11%
Average List Price of all Current Listings
$ 2,362,787
-1%
-5%
September Median Sales Price
$ 1,175,000
-6%
-6%
-7%
-19%
$ 1,350,000
-7%
-7%
September Average Sales Price
$ 1,455,806
0 %
-6%
-4%
-30%
$ 1,760,139
-12%
-15%
Total Properties Currently for Sale ( Inventory )
127
-7%
-9%
September Number of Properties Sold
8
60 %
33 %
35
-10%
September Average Days on Market ( Solds )
181 -10%
-7%
-63% -21%
218
4 %
-5%
Asking Price per Square Foot ( based on New Listings )
$ 403
10 % -16% -15%
-6%
$ 466
6 %
9 %
September Sold Price per Square Foot
$ 489
58 %
27 % -21%
24 %
$ 381
-21%
-4%
September Month ' s Supply of Inventory
15.9 -42% -34% -31% -60%
46.2
3 %
16 %
September Sale Price vs List Price Ratio
78.6 % -8.6% -5.4% 8.0 % -5.3%
82.3 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
10
September Property sales were 8 , up 33.3 % from 6 in September of 2015 and 60.0 % higher than the 5 sales last month .
Property
September Sales 2016 sales were at their highest level compared to
10
September Property sales were 8 , up 33.3 % from 6 in September
September of 2015 and 2014 . September YTD sales of 35 are
9 of 2015 and 60.0 % higher than the 5 sales last month . running 10.3 % behind last year ' s year-to-date sales of 39 .
September 2016 sales were at their highest level compared to
8
9
8
7
6
Number of Properties Sold
3 Mo Avg
September of 2015 and 2014 . September YTD sales of 35 are
7
5
running 10.3 % behind last year ' s year-to-date sales of 39 .
6
4
5
3
4
2
3
1
2
0
1
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
0
13
14
15
16
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
Prices
13
14
Median Sales
15 Price and Average Sales
16 Price
The Median Sales Price in September was $ 1,175,000 , down
Prices
4,000
6.6 % from $ 1,257,500 in September of 2015 and down 6.0 %
Median Sales Price and Average Sales Price
3 Mo Avg
The from Median $ 1,250,000 Sales Price last in month September . The Average was $ 1,175,000 Sales Price , down in
4,0003,500
6.6
September % from $ 1,257,500 was $ 1,455,806 in September , down of 4.0 2015 % from and $ down 1,516,667 6.0 % in from
September $ 1,250,000 of 2015 last and month up . 0.1 The
% Average from $ 1,454,400
Sales Price last in month .
3,5003,000
September was $ 1,455,806 , down 4.0 % from $ 1,516,667 in
September 2016 ASP was at the lowest level compared to
September of 2015 and up 0.1 % from $ 1,454,400 last month .
September of 2015 and 2014 .
3,0002,500
September 2016 ASP was at the lowest level compared to
3 Mo Avg
September of 2015 and 2014 .
2,5002,000
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The September Total Inventory was 127 of , down Properties 6.6 % available from 136 for last sale month as of and down September was 127 , down 6.6 % from 136 last month and down
160
8.6 % from 139 in September of last year . September 2016 8.6 Inventory % from 139 was in at September a mid level of compared last year . September with September 2016 of 2015
140 Inventory and 2014 was . at a mid level compared with September of 2015 120 and 2014 .
100
80 A comparatively lower MSI is more beneficial for sellers while a 60 A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The September 2016 MSI of 40 higher MSI is better for buyers . The September 2016 MSI of 15.9 months was at its lowest level compared with September of 15.9 months was at its lowest level compared with September of 20 2015 and 2014 . 2015 and 2014 .
0
2,000 1,500
1,500
1,000
1,000
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
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
160 140 120 100
118
80 60 40 20 0
O 13

Talbot

2 8 9
105 96 100 98 103
Agent Name
Title Phone Website Other

Community Information

2
118 105 96 100 3 1 2 3 3
Total Inventory & Month ' s Supply of Inventory ( MSI ) Total Inventory & Month ' s Supply of Inventory ( MSI )
117 116 121 118 124 126 130 115
98 103
N
O D
N J
D F M
J
A
F M
J
A M J
13 14 14
6
117 116 121 118
6 6
96 86
J A S O N D J 15
Number of Properties Sold
8
124 126 130
115 4 97
3
96 116
4
133 137
86 97
2 150
116 1 3
133 137
9
140 139 139 138
J A S O N F
D M
J A
F M
M J
A M J
15
3
2
140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0
J A S O
F
N M
D A
J M
F J
M J
A A
M S
J J A S
16
123
9 6
150 140 139 139 138
93 85 87
J A S O N D J 16
8
123
5 3
130 143 142
115 145 130 136
143
127 142 145
136 127
115 93 85 87 2 6 1 2 2 4
2 8 9 2 3 1 2 3 3 6 6 6 8 4 3 4 2 1 3 9 3 2 9 6 8 5 3 2 6 1 2 2 4 5 5 8
3 Mo Avg
5 5 8
140.0 120.0 100.0 80.0
60.0 40.0 20.0 0.0
Copyright © Coldwell Banker Residential Brokerage | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
36 | 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 .