MA ARCHIVED September 2016 | Page 41

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

County : Sussex

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
$ 1,747,000
3 %
13 %
Average List Price of all Current Listings
$ 1,990,470
-1%
7 %
September Median Sales Price
$ 1,536,000
19 %
6 %
25 %
13 %
$ 1,500,000
8 %
10 %
September Average Sales Price
$ 1,742,077
20 %
7 %
11 %
7 %
$ 1,640,009
-1%
0 %
Total Properties Currently for Sale ( Inventory )
200
0 %
7 %
September Number of Properties Sold
13
30 %
8 %
81
-1%
September Average Days on Market ( Solds )
174
36 % -16%
1 %
-5%
217
10 %
19 %
Asking Price per Square Foot ( based on New Listings )
$ 705
-2%
13 %
8 %
19 %
$ 617
5 %
4 %
September Sold Price per Square Foot
$ 629
50 %
28 %
33 %
17 %
$ 519
-4%
-3%
September Month ' s Supply of Inventory
15.4 -23% -15%
-1%
-34%
26.7
35 %
15 %
September Sale Price vs List Price Ratio
94.1 % 1.7 % 1.3 % -2.2%
-. 5 %
94.5 %
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 13 , up 8.3 % from 12 in September of 2015 and 30.0 % higher than the 10 sales last Property month . September Sales 2016 sales were at a mid level compared to 25 September Property sales were 13 , up 8.3 % from 12 in September of 2015 and 2014 . September YTD sales of 81 are September of 2015 and 30.0 % higher than the 10 sales last running 1.2 % behind last year ' s year-to-date sales of 82 . month . September 2016 sales were at a mid level compared to 20 September of 2015 and 2014 . September YTD sales of 81 are running 1.2 % behind last year ' s year-to-date sales of 82 . 15

Sussex

Agent Name
Title Phone Website Other

Community Information

25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
5
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
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
3 Mo Avg
The Median Sales Price in September was $ 1,536,000 , up 25.4 % Prices
2,500 from $ 1,225,000 in September of 2015 and up 19.3 % from
Median Sales Price and Average Sales Price
3 Mo Avg The $ 1,287,500 Median Sales last month Price in . September The Average was Sales $ 1,536,000 Price in , up September 25.4 %
2,5002,300 from was $ 1,225,000 1,742,077 , in up September 10.9 % from of 2015 $ 1,570,162 and up in 19.3 September % from of 2015 $ and 1,287,500 up 20.0 last
% month from $
. 1,452,250 The Average last Sales month
Price . September in September
2016 2,3002,100 was $ 1,742,077 , up 10.9 % from $ 1,570,162 in September of 2015 ASP was at a mid range compared to September of 2015 and 2,1001,900 and up 20.0 % from $ 1,452,250 last month . September 2016 2014 . ASP was at a mid range compared to September of 2015 and 1,9001,700 2014 . 1,7001,500 1,5001,300
10 10 10 3 8 5 9 14 17 6 7 20 13 7 9 11 7 6 11 13 6 8 8 12 5 8 4 9 3 4 8 11 12 11 10 13
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 200 of , Properties equal to 200 available last month for sale and as up of 7.0 % from
September was 200 , equal to 200 last month and up 7.0 % from
250
187 in September of last year . September 2016 Inventory was at
187 its in highest September level of compared last year . with September September 2016 of Inventory 2015 and was 2014 at .
200 its highest level compared with September of 2015 and 2014 .
250
200
150
Total Inventory & Month ' s Supply of Inventory ( MSI )
70.0
60.0
50.0
150
40.0
A comparatively lower MSI is more beneficial for sellers while
100 a
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The September 2016 MSI of higher MSI is better for buyers . The September 2016 MSI of
50
15.4 months was at a mid level compared with September of
15.4 months was at a mid level compared with September of
2015 and 2014 .
2015 and 2014 .
0
100
30.0
50
20.0
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
159
147 10 10 10
127 134 143 3 8
127
148 134
143 163 5 9
165 148 168
14
170
168 17 6 7
173 171 158 20 13
141
141 7 9
145 154
11 7
1,3001,100
1,100
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
159 147
163 165 168 170 168 173 171 158 141 141
162
161 145
6 11
176
162 187
161 184
154
13 176
6 187
187 190
8 184
8 187
178 162
12 190
5 178
164 174
8 4
199 200 197
162 164
9 174
3
199
202 208
4
200 197
8
200 200
202 11
208 12
200 11
200 10 13
70.0 60.0 50.0 40.0
30.0 20.0 10.0 0.0
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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