MA ARCHIVED February 2016 | Page 50

Clarke

MARKET ACTION REPORT
MARKET
ACTION REPORT
County: Clarke

County: Clarke

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*:
$404,450 -2%
Median List Price of all Current Listings
-6%
LM L3M PYM
LY
Market
Profile
Overview
Month -2%
YTD Prior YTD Prior Year
$935,839
Average List
Price of&
allTrends
Current Listings
15%
$404,450
Median
List
Price
of
all
Current
Listings
-2%
-6%
$208,000
$252,000
February Median Sales Price
-34% -34%
-1% -34%
-12%
-20%
$935,839
Average
List
Price of
all Current
-2% -25% 15%
$288,783 -38%
$363,657
February
Average
Sales
Price Listings
9% -32%
33%
-14%
$208,000
$252,000
February
Median Currently
Sales Price
-1% -34%
-12%
-20%
108 -34%
Total Properties
for Sale (Inventory)
2% -34% 24%
$288,783
$363,657
February
Average
Sales
Price
-38%
-25%
9%
-32%
33%
-14%
12 33%
21
February Number of Properties Sold
140%
50%
108
Total
Properties
Currently
Sale (Inventory)
157 2%
152
February
Average
Days onfor
Market
(Solds)
9% 54% 24%
67% 67%
77%
62%
12 33%
21
February
Number
of Properties
Sold on New Listings)
50%
$198
$181
Asking Price
per Square
Foot (based
32% -10% 140%
30% 11%
24%
2%
157 -4%
152
February
Days
Market
(Solds)
9% 54%
77%
62%
$143
$145
FebruaryAverage
Sold Price
peron
Square
Foot
-3% 67%
-1% 67%
-4%
4%
-3%
$198
$181
9.0 -24%
10.4
Asking
Price
per Square
Foot
(based on New Listings)
32% -10%
30% 11%
24%
2%
February
Month's
Supply
of Inventory
-6% -48%
-8%
-27%
6%
$143 -4.7%
$145 -3.7%
91.3%
93.2%
February
Square
-4% -4.3%
-3% -4.7%
-1% -4.0%
-4%
4%
-3%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
-2.0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |9.0
Arrows indicate if Month / YTD values are higher (up), lower (down) or10.4
unchanged (flat)
February
Month's Supply of Inventory
-24%
-6% -48%
-8%
-27%
6%
of Properties
91.3% -4.7% -4.3% Number
93.2% Sold
February Sale Price vs List Price Ratio
-4.7% -4.0%
-3.7%
-2.0%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 30
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

0

Prices

The Median Sales Price in February was $208,000,
down 1.0% from $210,000 in February of 2015 and
Prices
down 34.0% from $315,000 last month. The
The Median Sales Price in February was $208,000,
Average Sales Price in February was $288,783, up
down 1.0% from $210,000 in February of 2015 and
8.6% from $265,980 in February of 2015 and down
down 34.0% from $315,000 last month. The
37.7% from $463,489 last month. February 2016
Average Sales Price in February was $288,783, up
ASP was at a mid range compared to February of
8.6% from $265,980 in February of 2015 and down
2015 and 2014.
37.7% from $463,489 last month. February 2016
ASP was at a mid range compared to February of
2015 and 2014.

Inventory & MSI

Number of Properties Sold

3 Mo Avg

13
15
16
16
20
16
17
14
16
15
13
8
7
22
12
20
14
23
9
23
8
11
9
5
14
15
10
14
18
14
20
27
18
15
9
12

25
30
20
25
15
20
10
15
5
10
0
5

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

13
15
16
16
20
16
17
14
16
15
13
8
7
22
12
20
14
23
9
23
8
11
9
5
14
15
10
14
18
14
20
27
18
15
9
12

Property Sales

February Property sales were 12, up 140.0% from 5
in FebruarySales
of 2015 and 33.3% higher than the 9
Property
sales lastProperty
month. February
sales
were at
their
February
sales were2016
12, up
140.0%
from
5
highest
level
compared
to
February
of
2015
and
in February of 2015 and 33.3% higher than the 9
2014.last
February
sales of
21 are
running
sales
month. YTD
February
2016
sales
were at50.0%
their
ahead of last year's year-to-date sales of 14.
highest level compared to February of 2015 and
2014. February YTD sales of 21 are running 50.0%
ahead of last year's year-to-date sales of 14.

M A M J J Median
A S O N D
J F M
A M and
J J AAverage
S O N D Sales
J F M Price
A M J J A S O N D J F
Sales
Price
14
15
16
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)

(000's)
13

950

Median Sales Price and Average Sales Price

850
(000's)

3 Mo Avg

Median means Middle (the same # of properties sold above and below the Median)
750
950
650
850
550
750
450
650
350
550
250
450
150
350 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
14
15
16
250 13
150

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
Total Inventory
& Month's Supply
of Inventory (MSI) 16
13
14
15
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

106
106
107
107
113
113
125
125
118
118
123
123
125
125
121
121
114
114
100
100
101
101
100
100
102
102
122
122
140
140
151
151
146
146
144
144
135
135
129
129
114
114
106
106
101
101
87
87
103
103
131
131
134
134
155
155
160
160
159
159
155
155
138
138
128
128
119
119
106
106
108
108

180
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 108, up 1.9% from 106 last month and up
160
Inventory
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
24.1% from 87&inMSI
February of last year. February 2016
140
180
The
Total Inventory
Properties
sale as of
Inventory
was at itsof
highest
level available
comparedfor
with
120
February
108, and
up 1.9%
Februarywas
of 2015
2014.from 106 last month and up
160
100
24.1% from 87 in February of last year. February 2016
140
80
Inventory was at its highest level compared with
120
60
February
of 2015 and
2014.
A comparatively
lower
MSI is more beneficial for sellers
100
while a higher MSI is better for buyers. The February
40
80
2016 MSI of 9.0 months was at its lowest level compared
20
60
Awith
comparatively
more beneficial for sellers
February oflower
2015MSI
and is
2014.
0
while a higher MSI is better for buyers. The February
40 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
2016 MSI of 9.0 months was at its lowest level compared
14
15
16
20 13
with
February
of 2015
and| Price
2014.Range: All | Property Types: SFH - Condo
Copyright
© Coldwell
Banker
0

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association
of Realtors
Banker
M A Mof JRealtors
J AMLS
S and
O Sussex
N D County
J F M
A M MLS
J JandAmay
S not
O reflect
N DallJrelevant
F Mreal
A estate
M Jactivity.
J A Coldwell
S O N
D J F
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller
13 to verify any and all information relevant
14 to such consumer’s real estate transaction.
15
16

Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Condo

Data is provided
Metropolitan
Incorporated,
50
| ccourtesy
o l dofw
e l l bRegional
a n kInformation
e r h oServices
mes
. c o mThe Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker
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
18
16
20
14
18
12
16
10
814
612
410
28
06
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