MA ARCHIVED February 2018 | Page 14

Market Action Report February 2018 County: Cecil CECIL Agent Name Market Action Report Community County: Cecil Information Price Range: $1,000,000 and Up | Properties: SFH - Con Phone Website Month Other Days On Market for Sold Properties Trending versus*: Prior YTD Prior Year YTD Market Time The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 0, up from 0 days last month and up from 0 days in February of last year. The February 2018 DOM was at its lowest level compared with February of 2017 and 2016. * LM=Last Month / L3M=Last Supply 3 Months of / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 0.0 February Month's Inventory 50 0 3 Mo Avg 3 Mo Avg The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2018 Selling Price per Square Foot of $0 was up from $0 last month and up from 0 in February of last year. 2 1 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 16 17 18 0 0 -1 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 15 16 17 18 Median Sales Price and Average Sales Price The Median Sales Price in February was $0, up from $0 in Prices 4,600 February 2017 Price and in up February from $0 last month. The The Median of Sales was $0, up from $0 Average in 4,600 Sales Price in February was $0, up from $0 The in February February of 2017 and up from $0 last month. Average of 2017 4,100 and Price up from $0 last month. February 2018 ASP was of at 2017 the 4,100 Sales in February was $0, up from $0 in February 3,600 highest level compared to February of 2017 and 2016. Median Sales Price and Average Sales Price 3 Mo Avg 3 Mo Avg Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2018 Selling Price vs Original List Price of 0.0% was up from 0.0% last month and up from 0.0% in February of last year. 140% 120% 100% 80% 60% 40% 3,600 20% 3,100 0% 3,100 2,600 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 16 17 18 2,600 2,100 10.0 15.0 15.0 10.0 5 0 5.0 5.0 0.0 0.0 M A M M A J M J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N F M J J A A M S J O J N A D S J O F N D J F D A J M F M 15 15 16 17 18 16 17 18 Copyright | © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con 14 coldwellbankerluxury.com Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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 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. 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. 10 15 10 comparatively lower MSI is more beneficial for sellers a A A comparatively lower MSI is more beneficial for sellers while while a higher MSI MSI better buyers. February 2018 of 0.0 5 higher is is better for for buyers. The The February 2018 MSI MSI of 0.0 months at at its its highest level compared with with February of 2017 months was was highest level compared February of 2017 0 and and 2016. 2016. 20.0 20.0 20 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI Inventory & M SI The Total Inventory of Properties available for sale as of 20 18 16 14 12 10 8 6 4 2 0 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 18 M A 15 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 J F 15 16 17 18 This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in February 2018 was 0, up from 0 last month and down 100.0% from 1 in February of last year. 1,100 The Total Inventory of Properties available for sale as of February was 13, down 7.1% from 14 last month and equal to 13 20 February was 13, down 7.1% from 14 last month and equal to 13 February last year. February 2018 Inventory in in February of of last year. February 2018 Inventory was was at its at its highest level level compared with February of 2017 2016. highest compared with February of 2017 and and 2016. 15 Inventory / New Listings / Sales Inventory / New Listings / Sales 1,600 1,600 2,100 1,100 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 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 16 17 18 0 1 1 3 Mo Avg 800 750 700 650 600 550 500 450 400 350 300 1 Selling Price per Square Foot Selling Price per Square Foot 0.0 0% -100% -100.0% 0.0% 0% Sold -100% Number of Properties Number of Properties Sold 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 16 17 18 -50 2 2 -1 100 0% -100% 3 February Property sales were 0, up from 0 in February of 2017 and higher Sales than the 0 sales last month. February 2018 sales Property 3 were at their highest of 2017 and February Property sales level were compared 0, up from to 0 February in February of 2017 2016. February YTD sales of 0 are running ahead of last year's and higher than the 0 sales last month. February 2018 sales 2 year-to-date sales of 0. compared to February of 2017 and were at their highest level 0 0% .0% 0.0% February Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date Property Sales 0% 150 February per Foot Ratio February Sold Sale Price Price vs Square List Price 200 Asking Price per Square Foot of (based on New Listings) February Month's Supply Inventory 250 February Days per on Square Market Foot (Solds) February Average Sold Price 300 Asking Price per of Square Foot Sold (based on New Listings) February Number Properties 3 Mo Avg 350 February Average Days on (Solds) Total Properties Currently for Market Sale (Inventory) and up from $0 last month. February 2018 ASP was at the highest level compared to February of 2017 and 2016. Trending versus*: LM L3M PYM LY February Average Number of Properties Sold February Sales Price Prices Price Range: $1,000,000 and Up | Properties: SFH - Con Total Properties Currently February Median Sales Price for Sale (Inventory) Title Phone Website Other February Price Listings Average List Average Price of Sales all Current Agent Name Market Profile & Trends Overview February Price Listings Median List Median Price of Sales all Current CECIL County: Cecil Community Information $1,699,000 -6% -15% Trending versus*: $2,042,992 Trending 1% versus*: -29% Month LM L3M PYM LY YTD Prior YTD Prior Year -100% -100% $1,999,900 0% 33% $1,699,000 $0 -6% -15% 0% -100% $0 0% -100% $2,042,992 $0 1% -29% 0% $0 13 -7% -100% -100% $1,999,900 0% 33% 0 0% 0 0% -100% $0 -100% $0 0% 0 0% -100% 0 0% -100% 13 -7% 0% -100% 0 $0 0% 0% 0% -100% 0 $0 0% -100% 0 $0 0% 0% -100% -100% 0 $0 0% 0% -100% -100% $0 0.0 0% 0% 0% 0% 0% -100% $0 -100% 0% -100% 0.0 0% -100% -100% $0 0.0% 0% .0% -100% -100.0% $0 0.0% 0% 0% -100% -100% Average List Price of all Current Listings February 2018 Market Profile & Trends Overview Listings Price Range: $1,000,000 and Up | of Properties: SFH - Con Median List Price all Current 2016. February YTD sales of 0 are running ahead of last year's year-to-date sales of 0. February 2018 Title Phone Agent Name Website Title Other Market Action Report 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 16 17 18 Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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. Coldwell Banker Global Luxury ® | 15