MA ARCHIVED December 2017 | Page 14

Market Action Report
Cecil
County: Cecil
Market Action Report
County: Cecil
December 2017
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
December 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
$281,211
1%
7%
Other
$373,080 Trending
1% versus*:
10%
Month
LM -9%
L3M -7%
PYM 6%
LY
$217,950
$281,211
1% -4% -2%
7% 0%
$244,373
$373,080 347
1% -12% 10% -31%
$217,950 -9%
-7% 6% -11%
1%
80 -28%
$244,373 128
-4% 38%
-2% 44%
0% 24%
6%
347 -12%
-31%
$133 6% 3% 16%
80 -28%
-11%
$126 -10% -8% 10%
128 38% 44% 24% 41%
4.3 22% 9% -22%
$133 6% 3% 16% 2%
92.2% .2% -.4% 1.1%
Average List Price of all Current Listings
Market
Profile
& Trends
Overview
December
Median
Sales Price
Median
List Average
Price of all
Current
December
Sales
Price Listings
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
December
Sales
Price
December Median
Number
of Properties
Sold
December Average Sales Price
December Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
December Number of Properties Sold
December Sold Price per Square Foot
December Average Days on Market (Solds)
December Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
December Sale Price vs List Price Ratio
December Sold Price per Square Foot
December 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
Trending versus*:
YTD
Prior YTD 7%
Prior Year
$230,000
1%
6%
$244,555
7%
6%
6%
$230,000 1,191
7%
$244,555
6%
41%
89
3% 7%
-1% 6%
5%
8%
-2%
-20%
4%
1%
2%
$135
1,191
3%
7%
$127
89
-1%
-31%
5.0
$135
5%
-.2%
93.5%
-2%
4%
8%
-20%
1%
$126 -10% -8% 10% 7%
$127
8%
8%
4.3 22% 9% -22% -31%
5.0 -20%
-20%
of 93.5%
Properties
92.2% .2% -.4% 1.1% Number
-.2%
1% Sold 1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
December Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
160
December Property sales were 80, down 11.1% from 90 in
140
December of 2016 and 27.9% lower than the 111 sales last
Property
Sales 2017 sales were at their lowest level
month. December
160 120
December
sales were
80, down
11.1% December
from 90 in YTD sales
compared Property
to December
of 2016
and 2015.
140
December
of 2016
and 3.0%
27.9% ahead
lower of
than
111 sales
last
of 1,191 are
running
last the
year's
year-to-date
sales
100
month.
December
2017
sales
were
at
their
lowest
level
of 1,156.
120
80
compared to December of 2016 and 2015. December YTD sales
down 3.6% from $253,520 last month. December 2017 ASP was
at a mid range compared to December of 2016 and 2015.
290
270
250
230
210
190
170
150
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of
December
was 347,
12.4% available
from 396
The
Total Inventory
of down
Properties
for last
sale month
as of and down
30.7% from
December
of last 396
year.
December
was 501
347, in down
12.4% from
last December
month and 2017
down 900
30.7%
from was
501 in
last compared
year. December
2017
Inventory
at December
its lowest of
level
with December
of 800
700
Inventory
at its lowest level compared with December of
2016 and was
2015.
600
500
A comparatively lower MSI is more beneficial for sellers while 400
a
300
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
a 4.3
MSI is better
for buyers.
December
2017 while
MSI of
200
higher
MSI
is better
for buyers.
December
MSI of 4.3
months
was
at its lowest
level The
compared
with 2017
December
of 2016
months
was at its lowest level compared with December of 2016 100
and 2015.
0
and 2015.
2016 and 2015.
15
350
330
310
290
270
250
230
210
190
170
150
102
97
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
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 15
M A M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
900
800
700
600
500
400
300
200
100
0
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
Prices
The Median Sales Price in December was $217,950, up 6.2%
Prices
from $205,250 in December of 2016 and down 8.8% from
The
Median last
Sales month.
Price in The
December
was
$217,950,
up December
6.2%
$239,000
Average
Sales
Price in
was
350
from
$205,250
in December
of 2016 and
down 8.8% of from
$244,373,
up 0.4%
from $243,396
in December
2016 and
330
$239,000
last from
month.
The Average
Sales Price
in December
was was
down 3.6%
$253,520
last month.
December
2017 ASP
310
$244,373,
up 0.4%
from $243,396
in December
of and
2016 2015.
and
at a mid range
compared
to December
of 2016
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
15
16
17
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 Price
J J A S O N D
Median Sales Price and Average Sales
3 Mo Avg
0
0
20
20
40
40
60
60
80
100
3 Mo Avg
of 1,191 are running 3.0% ahead of last year's year-to-date sales
of 1,156.
Number of Properties Sold
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 M J J A S O N D
15
16
17
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