MA ARCHIVED December 2017 | Page 34

Market Action Report
Somerset
County: Somerset
Market Action Report
County: Somerset
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
$138,425
-5%
-2%
Other
$203,744 Trending
-0% versus*: 4%
Month
LM -17%
L3M -29%
PYM 12%
LY
$100,000
$138,425
-5% -4% -11%
-2% -7%
$126,847
$203,744 156
-0% -16% 4% -11%
$100,000 -17%
-29% 12% -19%
11%
17 -26%
$126,847 124
-4% 1%
-11% -11%
-7% -42%
6%
156 -16%
-11%
$67 -22% -12% 16%
17 -26%
-19%
$65 -17% -15% -3%
124 1% -11% -42% -16%
9.2 13% -2% 9%
$67 -22% -12% 16% -20%
86.7% -2.0% -.6% 7.8%
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
$65 -17% -15% -3%
9.2 13% -2% 9%
86.7% -2.0% -.6% 7.8%
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*:
Prior YTD 35%
Prior Year 33%
11% YTD
$120,000
6%
$131,983
10%
10%
$120,000
$131,983
-16%
35%
223
10%
138
$87
223
0%
$77
138
-6%
10.7
$87
1%
86.3%
-20%
-2%
-23%
1.5%
0% 33%
-6% 10%
1%
17%
-6%
-10%
4%
1%
-6%
4%
17%
-10%
1%
-2%
$77
17%
17%
-23%
10.7 -10%
-10%
Number of 86.3%
Properties
1.5%
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
30
December Property sales were 17, down 19.0% from 21 in
December of 2016 and 26.1% lower than the 23 sales last month. 25
Property
December Sales
2017 sales were at their lowest level compared to 30
December
Property
down 19.0%
from
21 of
in 223 are
December
of 2016 sales
and were
2015. 17, December
YTD
sales
December
2016 to and
than the sales
23 sales
last month. 25 20
running of
equal
last 26.1%
year's lower
year-to-date
of 223.
Prices
15
The Median Sales Price in December was $100,000, up 12.4%
Prices
from $89,000 in December of 2016 and down 16.7% from
190
The
Median last
Sales
Price in The
December
was
$100,000,
12.4% was
$120,000
month.
Average
Sales
Price in up
December
from
$89,000
in
December
of
2016
and
down
16.7%
from
$126,847, down 6.8% from $136,117 in December of 2016 and 190 170
$120,000
last from
month.
The Average
Sales Price
in December
was was
down 3.5%
$131,461
last m onth.
December
2017 ASP
170 150
$126,847,
down 6.8%
from $136,117
in December
2016
and
at a mid range
compared
to December
of 2016 of
and
2015.
down 3.5% from $131,461 last month. December 2017 ASP was 150 130
24
16
24
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 Median
N D J F Sales
M A M Price
J J A and
S O Average
N D J F Sales
M A M Price
J J A S O N D
0
3 Mo Avg
17
Median Sales Price and Average Sales Price
3 Mo Avg
130 110
110 90
90 70
70 50
Inventory & MSI
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
200
150
A comparatively lower MSI is more beneficial for sellers while 150
a 100
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
a 9.2
MSI is better
for buyers.
December
2017 while
MSI of
100
50
higher
MSI
is better
for level
buyers.
The December
2017 MSI of of 2016
9.2 and
months
was
at a mid
compared
with December
50
months
0
2015. was at a mid level compared with December of 2016 and
0
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
35.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of
350
December
was 156, of down
16.1% available
from 186
month
The
Total Inventory
Properties
for last
sale
as of and down
350 300
11.4% from
in down
December
last 186
year.
December
was 176
156,
16.1% of
from
last December
month and 2017
down
11.4%
from 176
last compared
year. December
2017
Inventory
was in at December
its lowest of level
with December
of 300 250
Inventory
at its lowest level compared with December of
2016 and was
2015.
250
200
2016 and 2015.
35.0 30.0
30.0 25.0
25.0
20.0
50
2015.
0
5 5
10
10
15
at a mid range compared to December of 2016 and 2015.
3 Mo Avg
15
20
December 2017 sales were at their lowest level compared to
December of 2016 and 2015. December YTD sales of 223 are
running equal to last year's year-to-date sales of 223.
Number of Properties Sold
15.0
10.0
5.0
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 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: | 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 consumer’s
real estate real
transaction.
20.0
15.0
10.0
5.0
0.0