How is the market
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How is the market Document Transcript

  • 1. MARKET ACTION REPORT October 2011 Margarita Swartz Sales AssociateZip Code: 19151 (215) 641-2727 mswartz@cbpref.com http://www.cbpref.com/mswartzPrice Range: $45,000 to $89,000 | Properties: Single Family Home, Townhome, Condo Trending Versus*: Trending Versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYearMedian List Price of all Current Listings $74,900Average List Price of all Current Listings $70,846October Median Sales Price $81,500 $69,000October Average Sales Price $81,500 $68,753Total Properties Currently for Sale (Inventory) 27October Number of Properties Sold 2 29October Average Days on Market (Solds) 60 76Asking Price per Square Foot (based on New Listings) $70 $61October Sold Price per Square Foot $68 $57October Months Supply of Inventory 13.5 14.4October Sale Price vs List Price Ratio 93.2% 90.4% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date Property SalesOctober Property sales were 2, equal to 2 in October of 2010 and -33.3% lower than the 3 sales last month. October 2011 sales were at theirlowest level compared to October of 2010 and 2009. October YTD sales of 29 are running -21.6% behind last years year-to-date sales of 37. PricesThe Median Sales Price in October was $81,500, up 11.6% from $73,000 in October of 2010 and up 55.2% from $52,500 last month. TheAverage Sales Price in October was $81,500, up 11.6% from $73,000 in October of 2010 and up 41.7% from $57,500 last month. October2011 ASP was at highest level compared to October of 2010 and 2009. Based on information from TREND MLS for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLSs may not reflect all real estate activity in the market.
  • 2. MARKET ACTION REPORT October 2011 Margarita Swartz Sales AssociateZip Code: 19151 (215) 641-2727 mswartz@cbpref.com http://www.cbpref.com/mswartzPrice Range: $45,000 to $89,000 | Properties: Single Family Home, Townhome, Condo Inventory & MSIThe Total Inventory of Properties available for sale as of October was 27, down -3.6% from 28 last month and down -22.9% from 35 in Octoberof last year. October 2011 Inventory was at the lowest level compared to October of 2010 and 2009.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2011 MSI of 13.5 months wasat a mid range compared with October of 2010 and 2009. Market TimeThe average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMtends to indicate a move towards more of a Buyers market, a downward trend a move towards more of a Sellers market. The DOM forOctober was 60, up 200.0% from 20 days last month and up 33.3% from 45 days in October of last year. The October 2011 DOM was at itshighest level compared with October of 2010 and 2009. Selling Price per Square FootThe Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales pricecan 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 thedirection of Property values. The October 2011 Selling Price per Square Foot of $68 was up 44.7% from $47 last month and up 54.5% from$44 in October of last year. Based on information from TREND MLS for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLSs may not reflect all real estate activity in the market.
  • 3. MARKET ACTION REPORT October 2011 Margarita Swartz Sales AssociateZip Code: 19151 (215) 641-2727 mswartz@cbpref.com http://www.cbpref.com/mswartzPrice Range: $45,000 to $89,000 | Properties: Single Family Home, Townhome, Condo Selling Price vs Original Listing PriceThe 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 Buyers market exists, a ratio at or above 100% indicates more of a Sellers market. TheOctober 2011 Selling Price vs Original List Price of 93.2% was up from 84.4% last month and up from 82.1% in October of last year. Inventory / New Listings / SalesThis last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2011 was 5, down -16.7% from 6 last month and down -37.5% from 8 in October of last year. Based on information from TREND MLS for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintainedby the MLSs may not reflect all real estate activity in the market.
  • 4. MARKET ACTION REPORT October 2011 Margarita Swartz Sales AssociateZip Code: 19151 (215) 641-2727 mswartz@cbpref.com http://www.cbpref.com/mswartzPrice Range: $45,000 to $89,000 | Properties: Single Family Home, Townhome, Condo N 08 D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S OHomes Sold 5 8 5 3 5 4 5 10 3 3 6 3 9 10 8 3 6 4 2 6 5 1 0 2 3 6 6 1 1 4 4 3 2 3 3 23 Mo. Roll Avg 6 5 4 4 5 6 6 5 4 4 6 7 9 7 6 4 4 4 4 4 2 1 2 4 5 4 3 2 3 4 3 3 3 3 (000s) N 08 D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S OMedianSalePrice 69 73 80 75 70 64 65 74 60 75 76 82 80 62 62 81 78 60 70 73 84 48 0 73 65 67 67 52 55 77 80 54 74 79 53 823 Mo. Roll Avg 74 76 75 70 66 68 66 70 70 78 79 75 68 68 74 73 69 67 75 68 44 40 46 68 66 62 58 62 71 71 70 69 69 71 N 08 D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S OInventory 38 32 41 41 38 36 35 41 44 41 46 39 38 38 47 38 42 42 40 37 34 31 39 35 33 33 30 30 36 32 31 32 29 29 28 27MSI 8 4 8 14 8 9 7 4 15 14 8 13 4 4 6 13 7 11 20 6 7 31 0 18 11 6 5 30 36 8 8 11 15 10 9 14 N 08 D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S ODays On Market 123 45 34 66 46 113 22 67 5 75 79 19 29 53 98 189 18 176 54 103 25 68 0 45 32 95 98 26 70 70 72 92 165 56 20 603 Mo. Roll Avg 67 48 49 75 60 67 31 49 53 58 42 34 60 113 102 128 83 111 61 65 31 38 26 57 75 73 65 55 71 78 110 104 80 45 N 08 D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S OPrice per Sq Ft 61 58 64 59 60 55 51 55 39 73 61 61 62 47 48 58 65 40 61 59 62 37 0 44 56 61 46 41 52 66 69 53 52 69 47 683 Mo. Roll Avg 61 60 61 58 55 54 48 56 58 65 61 57 52 51 57 54 55 53 61 53 33 27 33 54 54 49 46 53 62 63 58 58 56 61 N 08 D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S OSale to List Price 0.973 0.959 0.961 0.898 0.977 0.893 1.056 0.942 1.084 1.004 0.908 0.923 0.946 0.970 0.907 0.877 0.976 0.894 0.947 0.860 0.981 0.800 0.000 0.821 0.897 0.900 0.958 0.868 0.922 0.846 0.951 0.935 0.995 0.973 0.844 0.9323 Mo. Roll Avg 0.964 0.939 0.945 0.923 0.975 0.964 1.027 1.010 0.999 0.945 0.926 0.946 0.941 0.918 0.920 0.916 0.939 0.900 0.929 0.880 0.594 0.540 0.573 0.873 0.918 0.909 0.916 0.879 0.906 0.911 0.960 0.968 0.937 0.916 N 08 D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S ONew Listings 7 5 15 6 6 11 6 13 9 6 13 8 7 10 17 4 7 7 5 7 6 4 12 8 6 8 4 8 12 3 7 7 9 6 6 5Inventory 38 32 41 41 38 36 35 41 44 41 46 39 38 38 47 38 42 42 40 37 34 31 39 35 33 33 30 30 36 32 31 32 29 29 28 27Sales 5 8 5 3 5 4 5 10 3 3 6 3 9 10 8 3 6 4 2 6 5 1 0 2 3 6 6 1 1 4 4 3 2 3 3 2 (000s) N 08 D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J A S OAvg Sale Price 73 69 77 72 72 67 66 72 57 78 74 75 76 64 65 72 75 65 70 73 80 48 0 73 66 68 65 52 55 76 78 55 74 76 58 823 Mo. Roll Avg 73 73 74 70 68 68 65 69 70 76 75 72 68 67 70 71 70 69 74 67 43 40 46 69 66 62 57 61 70 70 69 69 69 72 Based on information from TREND MLS for the period 11/1/2008 through 10/31/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLSs may not reflect all real estate activity in the market.