Your SlideShare is downloading. ×
0
Eastern Shore Maryland/Delaware Area Market Conditions Report
Eastern Shore Maryland/Delaware Area Market Conditions Report
Eastern Shore Maryland/Delaware Area Market Conditions Report
Eastern Shore Maryland/Delaware Area Market Conditions Report
Eastern Shore Maryland/Delaware Area Market Conditions Report
Eastern Shore Maryland/Delaware Area Market Conditions Report
Eastern Shore Maryland/Delaware Area Market Conditions Report
Eastern Shore Maryland/Delaware Area Market Conditions Report
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Eastern Shore Maryland/Delaware Area Market Conditions Report

135

Published on

Eastern Shore Maryland/Delaware Area Market Conditions Report

Eastern Shore Maryland/Delaware Area Market Conditions Report

Published in: Real Estate, Travel, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
135
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. The Long & Foster ® Market Conditions Report Eastern Shore MD/DE Area - September 2013 Median Sales Price $300,000 Median Sale Price Of Top Five Counties/Cities Based on Total Units Sold $250,000 $240,000 Current Month $200,000 $100,000 $295,000 $252,500 $332,500 $298,959 $144,900 $130,000 $300,000 $246,000 $400,000 $229,000 $500,000 $300,000 $600,000 $251,000 $232,500 $230,000 $230,000 $240,000 $225,000 $214,450 $209,950 $202,450 $243,000 $229,900 $235,000 $227,000 $220,000 $219,400 $221,000 $232,500 $229,900 $217,700 $209,900 $195,375 $212,500 $212,000 $201,000 $150,000 $215,000 $200,000 One Year Ago $100,000 $0 Sussex County $50,000 Worcester County Wicomico Queen Annes County County Talbot County $0 Median Sale Price 6% 6% 5% 4% 4% 7% 8% 2% 5% 6% 10% 6% ● This September, the median sale price was $240,000, an increase of 6% compared to last year. 11% 15% 14% 20% 4% Highlights 17% Percent Change Year/Year -20% -3% -1% -4% -2% -3% -14% -15% -9% -10% -3% -6% -5% -12% ● The current median sale price was 3% higher than in August. -2% 0% 70
  • 2. The Long & Foster ® Market Conditions Report Eastern Shore MD/DE Area - September 2013 Total Units Sold 800 707 50 48 43 64 62 65 100 73 158 200 422 378 Current Month 250 138 576 One Year Ago 253 743 732 742 657 300 592 643 550 639 655 590 565 350 150 439 516 379 300 477 400 491 493 500 536 600 675 693 700 307 Total Units Sold Of Top Five Counties/Cities Based on Total Units Sold 839 900 0 Sussex County 200 Worcester County Wicomico Queen Annes County County Talbot County 100 0 Total Units Sold Percent Change Year/Year 50% 13% 11% 24% 21% 10% 10% 12% 30% 7% 12% 14% 23% 10% 10% 8% 14% 20% 0% -4% -9% -10% -3% 0% -4% ● There was a decrease of 5% in total units sold in September compared to August. 30% -2% ● This month's total units sold was higher than at this time last year, an increase of 11% versus September 2012. 24% 40% 16% 35% 42% Highlights -20% 71
  • 3. The Long & Foster ® Market Conditions Report Eastern Shore MD/DE Area - September 2013 Total Units Sold by Type Detached Attached Total Units Sold by Type Current Month Condo 900 Detached Attached Condo 800 700 86 12% 600 500 111 16% 400 300 200 510 72% 100 0 Total Units Sold by Price Range Total Units Sold by Price Range < 150K 150K to < 300K 300K to < 450K 450K to < 600K Current Month 600K and up < 150K 450K to < 600K 150K to < 300K 600K and up 300K to < 450K 450 400 350 300 49 7% 70 10% 163 23% 250 200 150 100 50 153 22% 272 38% 0 72
  • 4. The Long & Foster ® Market Conditions Report Eastern Shore MD/DE Area - September 2013 Total Active Inventory 12,000 Total Active Inventory Worcester County Wicomico County Queen Annes County 629 561 619 569 667 1,693 1,635 3,860 Sussex County 4,000 542 6,000 Current Month 3,431 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 8,175 8,344 8,369 8,549 8,708 8,572 8,260 7,962 7,832 7,737 8,161 8,410 8,670 8,768 8,901 9,235 9,499 9,607 9,494 9,377 9,273 9,879 9,357 8,000 One Year Ago 10,177 10,000 10,478 Of Top Five Counties/Cities Based on Total Units Sold Talbot County 2,000 0 Total Active Inventory Percent Change Year/Year -6% -5% -6% -7% -8% -8% -8% -10% -11% -13% -15% -16% -17% -17% -17% -17% -17% -13% -14% -17% -20% -12% -15% -8% -10% -11% ● Versus last September, the total number of homes available was lower by 495 units or 6%. -5% -8% ● September's total active inventory of 8,175 units was 2% lower than the previous month's supply of inventory. 0% -8% Highlights -25% 73
  • 5. The Long & Foster ® Market Conditions Report Eastern Shore MD/DE Area - September 2013 Total Active Inventory by Type Detached Attached Total Active Inventory by Type Condo Current Month 12,000 Detached Attached Condo 10,000 841 10% 8,000 1,233 15% 6,000 4,000 6,101 75% 2,000 0 Total Active Inventory by Price Range < 150K 12,000 150K to < 300K 300K to < 450K 450K to < 600K Total Active Inventory by Price Range Current Month 600K and up < 150K 450K to < 600K 10,000 1,295 16% 8,000 6,000 4,000 2,000 150K to < 300K 600K and up 300K to < 450K 1,322 16% 770 9% 1,549 19% 3,239 40% 0 74
  • 6. The Long & Foster ® Market Conditions Report Eastern Shore MD/DE Area - September 2013 Sale Price as % of List Price Of Top Five Counties/Cities Based on Total Units Sold 91.2% Days on Market Current One Year Month Ago 88.0% 87.0% 154 86.0% 213 201 200 200 190 179 100% 210 201 199 184 Queen Annes County 93.6% 85.9% 95.2% 93.1% 95.0% 93.5% 96.1% Wicomico County Talbot County Avg Sale Price as % of List Price Current One Year Month Ago 180 95.4% 92.9% Up 2.7% Vs. Year Ago by Price Range 222 220 Current Month Average Sale Price as a Percent of List Price Days on Market 223 160 Worcester County Down -14% Vs. Year Ago 240 180 96.1% Sussex County 89.6% 89.0% 95.3% 95.4% 95.2% 94.5% 95.1% 94.8% 94.4% 94.2% 94.5% 93.0% 100.0% 95.0% 90.0% 85.0% 80.0% 75.0% 93.0% 94.1% 92.6% 92.4% 92.9% 94.0% 93.8% 90.6% 90.0% 90.9% 91.1% 91.0% 91.1% 92.0% 92.8% 93.0% 93.5% 94.0% 95.3% One Year Ago 95.0% 92.6% Average Sale Price as a Percent of List Price 96.0% < 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up 98% 192 190 189 180 186 191 182 183 96% 185 94% 176 161 164 160 92% 154 90% 88% 140 86% 84% 120 100 82% 80% 75
  • 7. The Long & Foster ® Market Conditions Report Eastern Shore MD/DE Area - September 2013 Total Dollar Volume Sold In Thousands $300,000 $219,624 $228,277 $206,309 $261,535 $186,412 ● Total volume sold this September was 12% greater than the same month one year ago. ● In September, there was 11.6 months of supply available, compared to 13.6 in September 2012. That was a decrease of 15% versus a year ago. $110,605 $168,963 $195,232 $192,489 $169,429 $196,911 $195,119 $156,736 $196,182 $180,334 $142,829 $94,819 $50,000 $114,372 $101,073 $135,125 $142,460 $100,000 $138,649 $150,000 $151,722 $200,000 $214,501 $250,000 $226,817 Highlights $0 Total Dollar Volume Sold Current One Year Month Ago Months of Supply Current Month's Active Inventory/Current Month's Unit Sales $219,623,993 30 $196,910,902 Up 12% Vs. Year Ago 5 Months of Supply Current One Year Month Ago 11.6 11.2 11.4 11.5 10.4 13.1 18.9 14.0 13.4 12.7 15.3 13.6 15.1 13.4 10 13.7 13.7 17.0 17.7 20.7 21.4 20.7 18.1 15 20.7 20 21.3 24.5 25 11.6 13.6 Down -15% Vs. Year Ago 0 76
  • 8. The Long & Foster ® Market Conditions Report Eastern Shore MD/DE Area - September 2013 New Listings & New Contracts New Listings Of Top Five Counties/Cities Based on Total Units Sold 1,240 Queen Annes County 70 70 86 119 235 465 560 Wicomico County Talbot County 808 New Contracts 47 42 56 41 100 45 Current Month 91 113 200 One Year Ago 148 282 300 356 793 832 819 712 797 751 400 588 547 717 608 497 574 593 680 709 617 670 698 639 544 481 Worcester County 0 Sussex County New Listings Current One Year Month Ago 1,035 Up 20% Vs. Year Ago New Contracts Current One Year Month Ago 793 Current Month Of Top Five Counties/Cities Based on Total Units Sold 0 1,240 184 1,358 1,236 1,122 1,442 1,491 1,419 1,092 1,161 Sussex County 939 1,035 1,204 1,021 600 500 400 300 200 100 0 371 200 415 439 530 466 600 400 1,054 995 1,119 800 649 768 1,000 967 1,200 1,048 1,400 1,215 1,336 1,600 1,379 One Year Ago 100 New Listings 87 New Contracts (Under Active Contract Status) 593 Up 34% Vs. Year Ago Highlights ● Based on this month's amount of new listings and new contracts, the ratio of home supply (new listings) to current home demand (new contracts) was 1.6, a decrease of 10% from September 2012. Worcester County Wicomico County Queen Annes County Talbot County Supply/Demand Ratio Number of New Listings to New Contracts 2.5 2.2 2.1 2.1 2.1 2.0 1.8 1.8 1.7 1.6 1.5 2.1 2.0 1.8 1.7 1.7 1.4 1.9 1.6 1.6 1.6 2.0 2.0 1.8 1.6 1.5 1.6 1.6 1.0 0.5 0.0 77

×