MA ARCHIVED February 2018 | Page 46

Market Action Report February 2018
Market Action Report February 2018

HOWARD

County : Howard County : Howard

Market Action Report February 2018
Title
Phone
Agent Name
Website
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Title
Other
Phone
Website
Month
Other
$ 1,202,500
Trending versus *:
LM
L3M
PYM
LY
1 %
0 %
YTD
Trending versus *:
Prior YTD
Prior Year
Average List Price of all Current Listings
Trending versus *: $ 1,524,841 -2%
10 %
Trending versus *:
February Median Sales Price
$ 1,202,500
$ 1,045,000
-15% -5% -13% -12%
$ 1,100,000
-8%
-7%
February Average Sales Price
$ 1,524,841
$ 1,050,140
-12% -8% -11% -15%
$ 1,146,854
-7%
-7%
Total Properties Currently for Sale ( Inventory )
$ 1,045,000
70
11 %
23 %
$ 1,100,000
February Number of Properties Sold
$ 1,050,140
3 -50%
-25%
$ 1,146,854
9
13 %
February Average Days on Market ( Solds )
70
143
151 % 66 %
81 %
86 %
86
-15%
12 %
Asking Price per Square Foot ( based on New Listings )
3$ 180
-33% -10%
3 %
-14%
9
$ 201
8 %
-4%
February Sold Price per Square Foot
143$ 155
-39% -18%
4 %
-16%
86
$ 229
19 %
23 %
February Month ' s Supply of Inventory
$ 180
23.3
122 % 53 %
64 %
54 %
$ 201
16.9
17 %
11 %
February Sale Price vs List Price Ratio
$
15595.1 % -2.6% -. 6 %
. 4 %
. 8 %
$ 229
96.8 %
5 %
3 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD =
Year-to-date23.3
95.1 %
16.9
Number of
96.8 Properties % Sold
Community Information
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
16
Property Sales February Property sales were 3 , down 25.0 % from 4 in February Property of 2017 and Sales 50.0 % lower than the 6 sales last month . February
16
February 2018 sales Property were at sales their were lowest 3 , down level 25.0 compared % from to 4 in February of of 2017 and 2016 50.0 .% February lower than YTD the sales 6 sales of last 9 are month running . February 12.5 % 14 2018 ahead sales of last were year at their ' s year-to-date lowest level sales compared of 8 . to February of
12
2017 and 2016 . February YTD sales of 9 are running 12.5 % ahead of last year ' s year-to-date sales of 8 . 10 8 6 4
Number of Properties Sold
2
0
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
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
Prices
15
Prices
The Median Sales Price in February was $ 1,045,000 , down
2,000
The
12.9 Median % from Sales $ 1,200,000 Price in February in February was of $ 1,045,000 2017 and , down 14.6 %
12.9 from % from $ 1,223,540 $ 1,200,000 last month in February . The of Average
2,000 2017 and Sales down Price 14.6 in
1,900 % from
February $ 1,223,540 was $ last 1,050,140 month ,. down The Average 11.0 % from Sales $ Price 1,180,000 in in
1,9001,800
February was of $ 2017 1,050,140 and down , down 12.1 11.0 %% from from $ $ 1,195,211 1,180,000 last in month .
1,8001,700
Median
16 Sales Price and Average
17 Sales Price
Median Sales Price and Average Sales Price
18
3 Mo Avg
3 Mo Avg
February of 2018 2017 ASP and down was at 12.1 the % lowest from $ level 1,195,211 compared last month to .
1,7001,600
February 2018 of 2017 ASP and was 2016 at the . lowest level compared to
1,6001,500
February of 2017 and 2016 .
1,5001,400
1,4001,300
1,3001,200
1,2001,100
1,100
1,000
1,000
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
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
18
15
16
17
18
2 5 8 10 5 14
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of
The Total Inventory of Properties available for sale as of
February was 70 , up 11.1 % from 63 last month and up 22.8 %
February was 70 , up 11.1 % from 63 last month and up 22.8 %
140 from from 57 57 in in February
February of of last last year year . February
. February 2018
2018 Inventory
Inventory was was
120 at at a a mid mid level level compared compared with with February February of 2017 of 2017 and and 2016 2016 . .
100
80
60
140
120
100
80
60
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
120.0
100.0
80.0
60.0
A
A comparatively lower lower MSI MSI is more is more beneficial for sellers for sellers while while a a
40 higher MSI is is better for for buyers . The . The February 2018 2018 MSI MSI of 23.3 of 23.3 was at its level with February of 2017
20 months was at its highest level compared with February of 2017
40
20
40.0
20.0
and 2016 . .
0
0
0.0
M
A
M AJ
MJ AJ
SJ OA NS DO JN FDMJ
AFMM J
AJ MA JS JO AN SD OJ
NF MD AJ
MF JM JA AM SJ
OJ
NAD SJ
OF N D J
F
15
15
16
16
17
17
18
18
82
89 2 5 8
Agent Name
14 12 10 8 6 4 2
10 5 14
99 101 95 96 96 96
82 89
9
92
1 3
99 101 95 96 96 96 92
9
79 73 75
83 5 7 7 7
103 98 101 105
79 73 75
83
6
112 9
103 98 101 105
97 94
7
9 1 3 9 5 7 7 7 6 9 7 6 5 11 112
80 6 5
97 94
11 80
66 59 57
5 101
9 4
5 9 4 4 5 7
4 10
5
116 114 110 110 114
66 59 57
101
7
5 9
10 10
98 97
5
116 114 110 110 114
86 9
72 10
98 97
63 70
3 Mo Avg
9 86
5 72
5
9 5 5 6 6 3
6
63 70
3 Mo Avg
6 3
120.0 100.0
80.0 60.0 40.0 20.0 0.0
24 | coldwellbankerluxury . com
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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 .