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Swampscott Condo Market Update - Week of Oct 31

Swampscott Condo Market Update - Week of Oct 31

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Published by Soraya E. Cacici

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Published by: Soraya E. Cacici on Nov 03, 2011
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11/03/2011

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SWAMPSCOTT,MA01907
·CurrentRealEstateMarketConditionsforCondos
a
Townhomes·TrendsinPricing·CurrentlevelsofSupplyandDemand·ValueMetrics·Reportfortheweekof
October31,2011
·Presented
by
NestForward,LLCNestForward,LLCwww.nestforward.com781.572.8725
forward~
 
NEIGHBORHOODDETAIL
CONDOS
&
TOWNHOMESIN
SORAYA
E.
CAGIGI
I
SORAYA@NESTFORWARD.GOM
I
781.572.8725
..ThemedianlistpriceinSWAMPSCOTI,MA01907thisweekis$225,000.The19propertieshavebeenonthemarketforanaverageof130days.TheMarketActionIndexhasbeentrendingdownlately,indicatingdemandfallingalongwithsupply.Conditionspointtomildlynegativetrendsforthemarket.
SupplyandDemand
~-..Themarkethassettledinatarelativestasisininventoryandsalesconditions.It'saBuyer'smarketthathasseenpricestrendlower.Expectthatconsistentuptrendsindemandwillberequiredbeforepricetrendschangesignificantly.
SWAMPSCOTT,MA01907
Real-TimeMarketProfileTrend
MedianListPrice
$225,000
AverageListPrice
$291,863
AskingPricePerSquareFoot
$164
AverageDaysonMarket(DoM)
130
....
InventoryofPropertiesListed
19
MostExpensiveListing
$799,000
LeastExpensiveListing
$129,000
AverageAgeofListing
0
PercentofPropertieswithPriceDecrease
74%
PercentRelisted(resetDOM)
0%
PercentFlip(priceincreased)
0%
MedianHouseSize(sqft)
1394
MedianNumberofBedrooms
2.0
MedianNumberofBathrooms
2.0
AltosResearchValueStatistics
MarketActionIndexStrongBuyer's
12,9
TheMarketActionIndexanswersthequestion"How'stheMarket?"bymeasuringthecurrentrateofsaleversustheamountoftheinventory,Indexabove
30
impliesaseller'sadvantage,Below
30,
conditionsgivetheadvantagetothebuyer,
TrendKey:
....Nochange......StrongupwardtrendStrongdownwardtrend...SlightupwardtrendSlightdownwardtrend
Characteristics
perOuartile,
Quartile
MedianPriceSq.Ft.BedsBathsAgeInventoryNewAbsorbedDOM
Top/First
S
561,95022663.03.5040093
Mostexpensive
25%
ofproperties
Upper/Second
S
265,00014612.02.005090
Upper-middle
25%
ofproperties
Lower/Third
S
209,00013352.02.0050109
Lower-middle
25%
ofproperties
Bottom/Fourth
S
175,00011442.02.0050223
Leastexpensive
25%
ofproperties
PAGE2OF6
-<____
MONDAYOCTOBER31,2011___)-
 
NEIGHBORHOODDETAIL
CONDOS
&
TOWNHOMESIN
SORAYA
E.
CACICI
I
SORAYA@NESTFORWARD.COM1781.572.8725
SWAMPSCOTT,MA01907
L~P~~;~~;~P~~~~~beeo
00a
downwardtrendrecentlyandthisweek,whHeessentially
flat,d"",01
breakus
O"t
of
thatcycle.
$290,000$280,000$270,000$260,000$250,000$240,000$230,000$220,000$210,000,,,,,
IIIII
$200,000-------~-------------
+:-----~------~-----~------
L-_T----~--~~--_T----~--~~--_T----~--~~--_T----~--~~--_T----~--
,
-------.-------
,
,
-------+-------
,
,,
-------r-------
May075ep07Jan08May08Sep08Jan09May09Sep09Jan10May10Sep10Jan11May11Sep11
-7-dayAverage-90-dayAverage
I
QuartilePrices
-.Inthequartilemarketsegments,weseepricesinthiszipcodehavesettledatapriceplateauacrosstheboard.Pricesinallfourquartilesarebasicallymixed.Lookforapersistentshift(upordown)intheMarketActionIndexbeforepricesmovefromthesecurrentlevels.
$750,000
IIIIIIIII
L~~~~~L~I_
IIIIIIII
,
$1,250,000$1,000,000$500,000Jul07
-First/Top
Jan08Jul08Jan09Jul09Jan10jul10Jan11
jurn
-Second/Upper-Third/Lower-Fourth/Bottom
PAGE3OF6MONDAYOCTOBER31,2011

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