Sussex
MARKET ACTION REPORT
MARKET
ACTION REPORT
County: Sussex
County: Sussex
February 2016
February 2016
Agent Name
Title
Agent
Phone Name
Title
Website
Other
Phone
Website
Trending versus*:
Other
Community Information
Price Range: All | Properties: SFH - Condo
Price Range: All | Properties: SFH - Condo
Market Profile & Trends Overview
Month
LM
L3M PYM
Trending versus*:
LY
YTD
Prior YTD
Prior Year
Trending versus*:
Trending versus*:
$325,000 3%
Median List Price of all Current Listings
8%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prior Year
$469,353
Average List
Price of&
allTrends
Current Listings
3% L3M PYM
12%
$325,000
Median
List
Price
of
all
Current
Listings
3%
8%
$241,195
$256,110
February Median Sales Price
-9%
-9%
-5% -11%
-5%
-6%
$469,353
Average
List
Price of
all Current
3%
$335,714 -7%
$349,531
February
Average
Sales
Price Listings
-4% 12%
-3%
-6%
-5%
-2%
$241,195
$256,110
February
Median Currently
Sales Price
-5%
-5%
-6%
2,388 -9%
Total Properties
for Sale (Inventory)
-0% -9%
-5% -11%
$335,714
$349,531
February
Average
Sales
Price
-7%
-4%
-3%
-6%
-5%
-2%
161 -10%
340
February Number of Properties Sold
-9%
-9%
2,388
Total
Properties
Currently
Sale (Inventory)
-0% 22% -10%
-5% 10%
160 21%
145
February
Average
Days onfor
Market
(Solds)
-18%
0%
161 -10%
340
February
Number
of Properties
Sold on New Listings)
-9% 15%
-9%
$203
$190
Asking Price
per Square
Foot (based
14% 12% 18%
9%
7%
160 21%
145
February
Days
Market
(Solds)
-18%
0%
$152
$158
FebruaryAverage
Sold Price
peron
Square
Foot
-7% 22%
-7% -10%
6% 10%
-3%
6%
1%
$203
$190
14.8 14%
14.1
Asking
Price
per Square
Foot
(based on New Listings)
15%
9%
7%
February
Month's
Supply
of Inventory
11% 12%
18% 18%
5% 34%
7%
27%
$152 -1.0%
$158
96.9%
97.7%
February
Square
-7% -1.4%
-7% -.8%
6% -.8%
-3%
6%
1%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
.3%
.0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date14.8
| Arrows indicate if Month / YTD values are higher (up), lower (down) or14.1
unchanged (flat)
February
Month's Supply of Inventory
11% 18%
5% 34%
7%
27%
of Properties
96.9% -1.0% -1.4% Number
97.7% Sold.3%
February Sale Price vs List Price Ratio
-.8% -.8%
.0% 3 Mo Avg
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 350
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
Inventory & MSI
176
189
282
234
251
243
235
209
228
229
148
145
183
199
204
253
238
237
254
258
237
272
198
177
209
241
258
264
263
272
259
304
219
259
179
161
150
50
1000
0
The Median Sales Price in February was $241,195,
down 5.2% from $254,362 in February of 2015 and
Prices
down 8.6% from $264,000 last month. The
The Median Sales Price in February was $241,195,
Average Sales Price in February was $335,714,
down 5.2% from $254,362 in February of 2015 and
down 2.8% from $345,288 in February of 2015 and
down 8.6% from $264,000 last month. The
down 7.3% from $361,959 last month. February
Average Sales Price in February was $335,714,
2016 ASP was at a mid range compared to February
down 2.8% from $345,288 in February of 2015 and
of 2015 and 2014.
down 7.3% from $361,959 last month. February
2016 ASP was at a mid range compared to February
of 2015 and 2014.
3 Mo Avg
250
150
200
100
50
Prices
Number of Properties Sold
300
350
250
300
200
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
13
14
15
16
176
189
282
234
251
243
235
209
228
229
148
145
183
199
204
253
238
237
254
258
237
272
198
177
209
241
258
264
263
272
259
304
219
259
179
161
Property Sales
February Property sales were 161, down 9.0% from
177 in February
of 2015 and 10.1% lower than the
Property
Sales
179 sales Property
last month.
February
2016
sales
were
at a
February
sales
were 161,
down
9.0%
from
mid
level
compared
to
February
of
2015
and
2014.
177 in February of 2015 and 10.1% lower than the
February
YTD
sales of
340 are 2016
running
9.3%
behind
179
sales last
month.
February
sales
were
at a
last year's year-to-date sales of 375.
mid level compared to February of 2015 and 2014.
February YTD sales of 340 are running 9.3% behind
last year's year-to-date sales of 375.
M A M J JMedian
A S O N Sales
D J F Price
M A M and
J J A
S O N D Sales
J F M Price
A M J J A S O N D J F
Average
14
15
16
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)
(000's)
13
450
Median Sales Price and Average Sales Price
400
(