MA ARCHIVED December 2017 | Page 38

Market Action Report Wicomico County: Wicomico Market Action Report County: Wicomico 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 $167,500 -1% 12% Other $208,618 Trending -1% versus*: 19% Month LM 2% L3M -3% PYM 33% LY $160,000 $167,500 -1% -6% -5% 12% 15% $163,756 $208,618 407 -1% -10% 19% -15% $160,000 103 2% 10% -3% 33% 16% 7% $163,756 -6% -5% 15% 6% 81 -9% -7% -19% 407 -10% -15% $95 -6% -6% 4% 103 10% 16% $91 -11% -6% 8% 81 -9% -7% -19% -18% 4.0 -18% -22% -26% $95 -6% -6% 4% 4% 100.3% 4.5% 4.6% 10.2% 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 Aver age 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 5% Prior Year $157,025 7% 6% $166,011 5% 8% 8% $157,025 1,232 5% $166,011 8% -18% 86 11% 5% -14% 8% 4% $99 10% 1,232 11% 9% $93 11% 86 -14% -13% -36% 4.4 -29% $99 10% 9% 8.9% 93.6% 1% -13% 9% 11% -29% 2% $91 -11% -6% 8% 9% $93 11% 11% 4.0 -18% -22% -26% -36% 4.4 -29% -29% Number of 93.6% Properties 100.3% 4.5% 4.6% 10.2% 8.9% 1% Sold 2% * 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 140 December Property sales were 103, up 15.7% from 89 in December of 2016 and 9.6% higher than the 94 sales last month. 120 Property December Sales 2017 sales were at their highest level compared to 140 December Property up 15.7% YTD from sales 89 in of 1,232 are 100 December of 2016 sales and were 2015. 103, December December of 2016 ahead and 9.6% higher than the 94 sales last of month. running 10.9% of last year's year-to-date sales 1,111. 120 80 December 2017 sales were at their highest level compared to down 6.1% from $174,442 last month. December 2017 ASP was at a mid range compared to December of 2016 and 2015. 170 160 150 140 130 120 110 100 Inventory & MSI 15 200 190 180 170 160 150 140 130 120 110 100 79 105 17 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) Total Inventory & Month's Supply of Inventory (MSI) 12.0 The Total Inventory Inventory & MSI of Properties available for sale as of 700 December was 407, 9.8% available from 451 for last month The Total Inventory of down Properties sale as of and down 700 600 14.7% from in down December of last year. December December was 477 407, 9.8% from 451 last month and 2017 down 14.7% from 477 last compared year. December 2017 Inventory was in at December its lowest of level with December of 600 500 Inventory at its lowest level compared with December of 2016 and was 2015. 500 400 2016 and 2015. 400 16 Median Sales Price and Average Sales Price 300 12.0 10.0 8.0 Prices The Median Sales Price in December was $160,000, up 33.3% Prices from $120,000 in December of 2016 and up 1.9% from The Median last Sales Price in The December $160,000, 33.3% was $156,950 month. Average was Sales Price in up December 200 from $120,000 in December of 2016 and up 1.9% from $163,756, up 15.4% from $141,902 in December of 2016 and 190 $156,950 last from month. The Average Sales Price in December was was down 6.1% $174,442 last month. December 2017 ASP 180 $163,756, 15.4% from $141,902 in December of and 2016 2015. and at a mid up 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 3 Mo Avg 60 80 100 December of 2016 and 2015. December YTD sales of 1,232 are running 10.9% ahead of last year's year-to-date sales of 1,111. Number of Properties Sold A comparatively lower MSI is more beneficial for sellers while 300 a 200 A higher comparatively lower MSI is more The beneficial for sellers a 4.0 MSI is better for buyers. December 2017 while MSI of 200 higher MSI is better for buyers. December MSI of 4.0 months was at its lowest level The compared with 2017 December of 2016 100 months was at its lowest level compared with December of 2016 100 0 and 2015. 0 and 2015. 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 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 6.0 4.0 2.0 0.0 O N D Copyright © Coldwell Banker Residential Brokerage | Price Range: | Property All | Property Types: SFH - Con Copyright © | Coldwell Brokerage Price SFH - Con 38 c o Banker l d Residential well 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. 10.0 8.0 6.0 4.0 2.0 0.0