MA ARCHIVED April 2017 | Page 34

Market Action Report
Somerset
County: Somerset
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 al l Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$164,450
0%
10%
Other
$212,072 Trending
-2% versus*:
-0%
Month
LM 28%
L3M 7%
PYM 19%
LY
$91,250
$164,450
0% 54% 18%
10% 5%
$129,150
$212,072 196
-2% 5%
-0% -10%
$91,250 28%
7%
19%
1%
18 6%
-25%
$129,150 175
54% 14%
18% 22%
5% 47%
7%
196 5%
-10%
$96 -2% 1% 9%
18 6%
-25%
$79 50% 17% 32%
175 14% 22% 47% 19%
10.9 -0% 3% 20%
$96 -2% 1% 9% 13%
85.3% 4.0% .2% -.4%
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
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
-18% -6%
-1% -9%
$95
4%
63 -18%
$67
18%
143
-1%
-3%
12.3
9%
$95
4%
12%
85.2%
1%
13%
19%
-9%
-.2%
15%
63
-1%
143
-3%
12%
2%
3%
-0%
3 Mo Avg
Number of Properties Sold
25
3 Mo Avg
20
15
20
140
120
100
80
60
40
20
0
Inventory & MSI
14
200
180
160
140
120
100
80
60
40
20
0
23
13
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)
35.0
200
150
A comparatively lower MSI is more beneficial for sellers while 150
a 100
A higher
comparatively
lower MSI
is more The
beneficial
sellers
a 100
MSI is better
for buyers.
April for
2017
MSI while
of 10.9
50
higher
MSI
is better
for level
buyers.
The April
2017
MSI of of 2016
10.9 and
months
was
at a mid
compared
with
April
50
months
0
2015. was at a mid level compared with April of 2016 and
0
Median Sales Price and Average Sales Price
3 Mo Avg
17
200
16
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
was Total
196, Inventory
up 5.4% from
186 last available
month and
from 218 350
The
of Properties
for down
sale as 10.1%
of April
350 300
in April
of 5.4%
last year.
2017
Inventory
was 10.1%
at its from
lowest
level
was
196, up
from April
186 last
month
and down
218
in compared
April of last
year.
April
2017 Inventory
with
April
of 2016
and 2015. was at its lowest level 300 250
250
15
35.0 30.0
30.0 25.0
25.0
20.0
Prices
The Median Sales Price in April was $91,250, up 18.5% from
Prices
$77,000 in April of 2016 and up 28.3% from $71,100 last
The
Median
Sales
Price Sales
in April
was in
$91,250,
up 18.5%
from up 5.1%
month.
The
Average
Price
April was
$129,150,
200
$77,000
in April of
up 28.3%
from
$71,100
from $122,845
in 2016
April and
of 2016
and up
54.4%
from last
$83,653 last
month.
Average
Price at in the
April
was $129,150,
up 5.1% to 180
month. The
April
2017 Sales
ASP was
highest
level compared
from
April
of 2016 and up 54.4% from $83,653 last 160
April $122,845
of 2016 in
and
2015.
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
0
0
5 5
10
10
15
2015.
-6%
-9%
-1%
30
April Property sales were 18, down 25.0% from 24 in April of
2016 and 5.9% higher than the 17 sales last month. April 2017
Property
sales were Sales
at a mid level compared to April of 2016 and 2015. 30
April
sales
18, running
down 25.0%
from
24 in last
April
of year-
April Property
YTD sales
of were
63 are
18.2%
behind
year's
2016
and sales
5.9% of
higher
to-date
77. than the 17 sales last month. April 2017
25
compared with April of 2016 and 2015.
$109,681
$79 50% 17% 32% 19%
$67
18%
2%
10.9 -0% 3% 20% -9%
12.3
9%
3%
of 85.2%
Properties
85.3% 4.0% .2% -.4% Number
-.2%
1% Sold -0%
April Month's Supply of Inventory
month. April 2017 ASP was at the highest level compared to
April of 2016 and 2015.
Trending versus*:
YTD $85,000
Prior YTD 15%
Prior Year
$85,000
$109,681
19%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
sales were at a mid level compared to April of 2016 and 2015.
April YTD sales of 63 are running 18.2% behind last year's year-
to-date sales of 77.
Trending versus*:
Prior YTD Prior Year
YTD
1%
7%
County: Somerset
Agent Name
Market Action Report
April 2017
15.0
10.0
5.0
0.0
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: | Property
All | Property
Types:
SFH - Con
Copyright
© | Coldwell
Price
SFH - Con
34
c o Banker
l d Residential
w e l l Brokerage
b a n | k
e Range:
r h o All m
e s . Types:
com
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 co nsumer’s
real estate real
transaction.
20.0
15.0
10.0
5.0
0.0