MA ARCHIVED December 2017 | Page 32

Market Action Report December 2017
Queen Agent Anne Name ’ s Title Phone Community Information Website Other
Market Action Report December 2017

County : Queen Annes

Price Range : All | 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
$ 398,900
-3%
14 %
Average List Price of all Current Listings
$ 642,142
-3%
8 %
December Median Sales Price
$ 285,000
-10% -12% -13% -10%
$ 330,000
6 %
5 %
December Average Sales Price
$ 417,940
23 %
4 %
5 %
14 %
$ 386,368
6 %
5 %
Total Properties Currently for Sale ( Inventory )
279 -11%
-23%
December Number of Properties Sold
65
10 %
-12%
846
7 %
December Average Days on Market ( Solds )
109
58 %
18 % -17%
0 %
95
-13%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 185
-11% -7%
8 %
-2%
$ 199
6 %
6 %
December Sold Price per Square Foot
$ 189
4 %
0 %
3 %
15 %
$ 181
10 %
10 %
December Month ' s Supply of Inventory
4.3 -19% -14% -12% -44%
5.4
-29%
-29%
December Sale Price vs List Price Ratio
92.1 % -4.7% -1.3% . 5 %
-. 0 %
93.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
100
December Property sales were 65 , down 12.2 % from 74 in
December of 2016 and 10.2 % higher than the 59 sales last
90
Property month . December Sales 2017 sales were at their lowest level
100
80
December compared Property to December sales were of 2016 65 , down and 2015 12.2 .% December from 74 in YTD sales
90
December of 846 are of running 2016 and 7.2 10.2 % ahead % higher of than last year the ' 59 s year-to-date sales last sales of month . December 2017 sales were at their lowest level
80
789 . compared to December of 2016 and 2015 . December YTD sales
70
70
60
50
of 846 are running 7.2 % ahead of last year ' s year-to-date sales of
789 .
60
50
40
30

Queen Agent Anne Name ’ s Title Phone Community Information Website Other

Number of Properties Sold
40
20
30
10
20
0
10
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
0
15
16
17
Prices
The Median Sales Price in December was $ 285,000 , down
Prices
13.5 % from $ 329,450 in December of 2016 and down 9.5 %
The from Median $ 315,000 Sales last Price month in December . The Average was $ 285,000 Sales Price , down in
450
13.5
December % from $ was 329,450 $ 417,940 in December , up 5.2 % of from 2016 $ and 397,452 down in 9.5 December %
J
F M A M J
15
450
400
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A M Price J
J
A S O N D
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from of 2016 $ 315,000 and up last 22.5 month % from . The $ 341,107 Average last Sales month Price . in December
December
2017 ASP was was $ at 417,940 the highest , up 5.2 level % from compared $ 397,452 to in December of
400
350
of
2016 2016 and and 2015 up 22.5 . % from $ 341,107 last month . December
2017 ASP was at the highest level compared to December of
2016 and 2015 .
350
300
300
250
27 35 49 54 55 95 93 87 77 60 45 71 44 38 46 65 85 92 83 85 70 49 58 74 46 44 60 89 77 93 94 74 79 66 59 65
250
200
200
J
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
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 279 of , down Properties 10.6 % available from 312 for last sale month as of and down
December
22.9 % from was 362 279 in , down December 10.6 % from of last 312 year last . December month and 2017 down
700
22.9
Inventory % from was 362 in at December its lowest level of last compared year . December with December 2017 of
600
Inventory
2016 and was 2015 at . its lowest level compared with December of
500
2016 and 2015 .
400
A comparatively lower MSI is more beneficial for sellers while
300 a
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial December for sellers 2017 while MSI of a 4.3
200 higher months MSI was is better at its lowest for buyers level . The compared December with 2017 December MSI of 4.3 of 2016 months was at its lowest level compared with December of 2016
100 and 2015 . and 2015 .
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
700
600
25.0
500
20.0
400
15.0
300
200
10.0
100
5.0
0
0.0
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 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
25.0
20.0
15.0
10.0
5.0
0.0
516
519 27 35
570 516
519 614 49 54 614
638 570 602
55 638
616 617
95
602 611
93
616
568 87
617
512 77
611 568
60
464 454
45
Number of Properties Sold
71 44 38 46 65 85 92 83 85 70
3 Mo Avg
512 448
464 486 454 497 448 497 505
486
499 497
499 497
476 505
453 499
413 499
362 476
351 453
360 413
379 362
404 351 399
360 385 379
389 404
370 399
387 385
360 389
312 370
279 387
49 58 74 46 44 60 89 77 93 94 74
360 79 312
3 Mo Avg
66
279 59 65
32 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | 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 .