MA ARCHIVED April 2017 | Page 14

Market Action Report
Cecil
County: Cecil
Market Action Report
County: Cecil
April 2017
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
April 2017
Community Information
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
Trending versus*:
Prior YTD Prior Year
YTD
$284,900
4%
12%
Other
$355,176 Trending
-2% versus*:
14%
Trending versus*:
Month
LM -10%
L3M -2%
PYM 13%
LY
Prior YTD 13%
Prior Year
$219,450
2% YTD
$224,900
$284,900
4% -8% -1%
12% 4% -1%
$229,846
$232,352
5%
$355,176 511
-2% 2% 14% -18%
$219,450 -10%
-2% 13% -22%
2%
$224,900
13% -4% 5%
80 -18%
314
$229,846 -8%
-1%
4%
-1%
$232,352
5%
88 -23% -14% -9% -3%
102
1% 1%
511 2%
-18%
$138 3% -1% 3% 6%
$139
10%
80 -18%
-22%
314
-4%
$122 3% 1% 2% 3%
$121
-1%
88 -23% -14% -9% -3%
102
1%
12%
6.4 25% 4% 5% 2%
6.3 -15%
$138 3% -1% 3% 6%
$139
10%
7%
94.8% 1.7% 1.6% 3.2% 2.7%
93.3%
2%
Average List Price of all Current Listings
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
April
Sales
Price
April Median
Number
of Properties
Sold
April Average Sales Price
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
April Sold Price per Square Foot
April Average Days on Market (Solds)
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
5%
1%
12%
7%
3%
0%
1%
$122 3% 1% 2% 3%
$121
-1%
3%
6.4 25% 4% 5% 2%
6.3 -15%
0%
Number of 93.3%
Properties
94.8% 1.7% 1.6% 3.2% 2.7%
2% Sold 1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April Month's Supply of Inventory
April Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
3 Mo Avg
140
April Property sales were 80, down 21.6% from 102 in April of
2016 and 18.4% lower than the 98 sales last month. April 2017
120
Property
sales were Sales
at their lowest level compared to April of 2016 and 140
April
Property
sales sales
were of
80,
down
from
102 behind
in April last
of year's 100
2015.
April YTD
314
are 21.6%
running
4.0%
2016
and 18.4% sales
lower
120
year-to-date
of than
327. the 98 sales last month. April 2017
80
sales were at their lowest level compared to April of 2016 and
Prices
The Median Sales Price in April was $219,450, up 13.4% from
Prices
$193,500 in April of 2016 and down 9.5% from $242,500 last
The
Median
Sales
Price Sales
in April
was in
$219,450,
up $229,846,
13.4% from
month.
The
Average
Price
April was
up 4.4%
350
$193,500
in April in
of April
2016 of
and
down
9.5%
from
$242,500
last
from $220,248
2016
and
down
8.5%
from $251,099
330
month.
The Average
Sales ASP
Price
in April
was range
$229,846,
up 4.4%
last month.
April 2017
was
at a mid
compared
to
310
from
in April
of 2016 and down 8.5% from $251,099
April $220,248
of 2016 and
2015.
last month. April 2017 ASP was at a mid range compared to
April of 2016 and 2015.
290
270
250
230
210
190
170
150
Inventory & MSI
14
350
330
310
290
270
250
230
210
190
170
150
16
17
3 Mo Avg
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 J F M A
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
0
81
15
Median Sales Price and Average Sales Price
15 A M J J A S O N D J F M 16
M J 14 J A S O N D J F M
A M J J A S O N D J F M A 17
14
15
16
17
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
900
was Total
511, Inventory
up 2.4% from
499 last available
month and
from
The
of Properties
for down
sale as 17.6%
of April
620 511,
in up
April
of last
April
2017 and
Inventory
was at
its lowest 900 800
was
2.4%
from year.
499 last
month
down 17.6%
from
800 700
620
in compared
April of last with
year. April
April
level
of 2017
2016 Inventory
and 2015. was at its lowest
700 600
level compared with April of 2016 and 2015.
600 500
500 400
A comparatively lower MSI is more beneficial for sellers while 400
a 300
A higher
comparatively
lower MSI
is more The
beneficial
sellers
MSI is better
for buyers.
April for
2017
MSI while
of 6.4 a 300 200
200
higher
MSI
is better
for level
buyers.
The April
2017
MSI of of 2016
6.4 and
100
months
was
at a mid
compared
with
April
100
months
0
2015. was at a mid level compared with April of 2016 and
2015.
102
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 J F M A
14
15
16
17
M J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
0
0
20
20
40
40
60
3 Mo Avg
60
2015. April YTD sales of 314 are running 4.0% behind last year's 100
year-to-date sales of 327.
80
Number of Properties Sold
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 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 J F M A
14
15
16
17
14
15
16
17
Copyright
© Coldwell
Banker Residential
Brokerage | Price
Range: All | Property
Types:
SFH - Con
Copyright
©
Range:
Types:
SFH - Con
14
| Coldwell
c o Banker
l d Residential
w e l l Brokerage
b a n | k Price
er
h o All m | Property
es . c
om
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
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
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0