MA ARCHIVED February 2018 | Page 24

Market Action Report February 2018 County: Howard HOWARD Agent Name Market Action Report February 2018 Title Phone Agent Name Website Title Other Community Information County: Howard Price Range: $1,000,000 and Up | Properties: SFH - Con Phone Website Month Other Price Range: $1,000,000 and Up | Properties: SFH - Con Trending versus*: LM L3M PYM LY * LM=Last Month / L3M=Last Supply 3 Months of / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 23.3 122% 53% 64% February Month's Inventory February Sale Price vs List Price Ratio 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 3 Mo Avg 5 The Median Sales Price in February was $1,045,000, down Prices 2,000 12.9% from Sales $1,200,000 in February 2017 and down The Median Price in February was of $1,045,000, down 14.6% 2,000 1,900 from from $1,223,540 last month. The of Average Sales Price in 12.9% $1,200,000 in February 2017 and down 14.6% 1,900 1,800 February was $1,050,140, 11.0% from in from $1,223,540 last month. down The Average Sales $1,180,000 Price in February was of $1,050,140, 2017 and down 12.1% last February down 11.0% from from $1,195,211 $1,180,000 in month. 1,800 1,700 1,700 1,600 February of 2018 was at 12.1% the lowest level compared to February 2017 ASP and down from $1,195,211 last month. 1,600 1,500 February 2018 of 2017 February ASP and was 2016. at the lowest level compared to 1,500 1,400 February of 2017 and 2016. 1,400 1,300 1,300 1,200 1,200 1,100 1,100 1,000 Median Sales Price and Average Sales Price 3 Mo Avg 3 Mo Avg 120% 60% Inventory / New Listings / Sales 140 60.0 60.0 0 40.0 40.0 20 20.0 20.0 0 0.0 0.0 M A 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 D A J M F J M J A A M S J O J N A D S J O F N D J F 15 15 16 17 18 16 17 18 Copyright © Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con 24 | Coldwell 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. 20 80.0 80.0 40 100.0 100.0 60 120.0 80 100 120 Total Inventory & Month's Supply of Inventory (MSI) 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 25, up 150.0% from 10 last month and up 108.3% from 12 in February of last year. 120.0 40 95.1% 94.7% 80% Inventory / New Listings / Sales Inventory & MSI The Total Inventory of Properties available for sale as of 60 100.4% 100% 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 Total Inventory & Month's Supply of Inventory (MSI) 80 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 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 The Total Inventory of Properties available for sale as of February was 70, up 11.1% from 63 last month and up 22.8% 140 140 February was 70, up 11.1% from 63 last month and up 22.8% from 57 57 in in February year. February 2018 Inventory from February of of last last year. February 2018 Inventory was was 120 120 mid level level compared with February of 2017 2016. at at a a mid compared with February of 2017 and and 2016. 100 100 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 95.1% was down from 97.6% last month and up from 94.7% in February of last year. 20% Inventory & MSI comparatively lower MSI is more beneficial for sellers a 40 A A comparatively lower MSI is more beneficial for sellers while while a higher MSI MSI better buyers. February 2018 of 23.3 higher is is better for for buyers. The The February 2018 MSI MSI of 23.3 months at at its its highest level compared with with February of 2017 months was was highest level compared February of 2017 20 0 and and 2016. 2016. 155 149 40% 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 60 3 Mo Avg 234 1,000 80 300 280 260 240 220 200 180 160 140 120 100 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 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 Median Sales Price and Average Sales Price Prices 7 0 2 2 4 Selling Price per Square Foot Selling Price per Square Foot 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 $155 was down 38.6% from $253 last month and up 4.4% from 149 in February of last year. 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 4 6 6 8 8 0 0 10 10 79 67 20 12 12 80 40 3 Mo Avg Number of Properties Sold 14 2017 and 2016. February YTD sales of 9 are running 12.5% ahead of last year's year-to-date sales of 8. 16 February Property sales were 3, down 25.0% from 4 in February of 2017 and 50.0% lower than the 6 sales last month. February Property Sales 16 2018 sales were at their lowest level 25.0% compared February February Property sales were 3, down from to 4 in February of 14 2017 and 2016. February YTD sales of 9 are running 12.5% of 2017 and 50.0% lower than the 6 sales last month. February ahead of last year-to-date of 8. to February of 2018 sales were year's at their lowest level sales compared 100 60 12% -4% 23% 11% 3% 54% 16.9 17% 11% 95.1% -2.6% -.6% .4% Number .8% 5% Sold 3% of 96.8% Properties * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date Property Sales 86% 86 -15% -14% 9 $201 13% 8% 86 $229 -15% 19% 12% -16% 8% 17% -4% 54% $201 16.9 19% 5% 23% .8% $229 96.8% 120 February per Foot Ratio February Sold Sale Price Price vs Square List Price -7% 13% -7% 143 140 Asking Price per Square Foot of (based on New Listings) February Month's Supply Inventory -8% 9 -7% -7% -7% 160 February Days per on Square Market Foot (Solds) February Average Sold Price $1,100,000 $1,146,854 -8% -7% 180 Asking Price per of Square Foot Sold (based on New Listings) February Number Properties -12% $1,100,000 -15% $1,146,854 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 143, up 150.9% from 57 days last month and up 81.0% from 79 days in February of last year. The February 2018 DOM was at a mid level compared with February of 2017 and 2016. 3 Mo Avg 200 February Average Days on (Solds) Total Properties Currently for Market Sale (Inventory) Trending versus*: Prior YTD Prior Year Market Time February Average Number of Properties Sold February Sales Price YTD YTD Days On Market for Sold Properties Trending versus*: Prior YTD Prior Year 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 HOWARD County: Howard Community Information $1,202,500 1% 0% $1,524,841 Trending -2% versus*: 10% Month LM L3M PYM LY $1,045,000 $1,202,500 1% -15% -5% 0% -13% $1,050,140 $1,524,841 -2% -12% -8% 10% -11% 70 11% $1,045,000 -15% -5% -13% 23% -12% 3 -50% $1,050,140 -12% -8% -11% -25% -15% 70 143 11% 151% 66% 23% 81% 3 $180 -50% -33% -10% -25% 3% 143 $155 151% -39% 66% -18% 81% 4% 86% $180 23.3 -33% 122% -10% 53% 3% 64% -14% $155 95.1% -39% -2.6% -18% -.6% 4% .4% -16% 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 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 ® | 25