Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Trending Versus*:
Market Profile & Trends Overview
Median List Price of all Current Listings Average List Price of all Current Listings March Median Sales Price March Average Sales Price Total Properties Currently for Sale (Inventory) March Number of Properties Sold March Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) March Sold Price per Square Foot March Month's Supply of Inventory March Sale Price vs List Price Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales March Property sales were 1, down -66.7% from 3 in March of 2015 and equal to 0.0% 0 sales last month. March 2016 sales were at their lowest level compared to March of 2015 and 2014. March YTD sales of 2 are running -66.7% behind last year's year-to-date sales of 6.
Prices The Median Sales Price in March was $1,900,000, up 8.6% from $1,750,000 in March of 2015 and equal to $0 last month. The Average Sales Price in March was $1,900,000, down -50.7% from $3,851,667 in March of 2015 and equal to $0 last month. March 2016 ASP was at the lowest level compared to March of 2015 and 2014.
Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc. Based on information from MLSListings, Inc for the period 4/1/2013 through 3/31/2016. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Inventory & MSI
The Total Inventory of Properties available for sale as of March was 7, down -12.5% from 8 last month and down -46.2% from 13 in March of last year. March 2016 Inventory was at the lowest level compared to March of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2016 MSI of 7.0 months was at a mid range compared with March of 2015 and 2014.
Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 123, equal to 0 days last month and down -60.7% from 313 days in March of last year. The March 2016 DOM was at its lowest level compared with March of 2015 and 2014.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can 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 the direction of Property values. The March 2016 Selling Price per Square Foot of $473 was equal to $0 last month and down -59.8% from $1,177 in March of last year.
Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc. Based on information from MLSListings, Inc for the period 4/1/2013 through 3/31/2016. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Selling Price vs Listing Price
The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2016 Selling Price vs List Price of 95.2% was equal to 0.0% last month and up from 88.4% in March of last year.
Inventory / New Listings / Sales
'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in March 2016 was 0, equal to 0 last month and down 100.0% from 3 in March of last year.
Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc. Based on information from MLSListings, Inc for the period 4/1/2013 through 3/31/2016. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
O N D J 15 F M A M J J A S O N D J 16 0 297 48 0 155 313 0 0 360 0 224 125 418 65 17 31 4 99 115 115 68 156 156 104 120 120 195 116 256 203 167 38
J J A S O N D J 15 F M A M J J A S 543 0 536 0 0 1,139 457 461 470 1,177 0 0 811 0 1,996 967 902 753 360 179 179 380 532 686 463 703 549 392 270 270 936 988 J
O 8 4
D J 15
O 1,172 1,378
F 8 0
M 7 7
F M 0 123 16 51
N D J 16 F M 733 755 603 0 473 957 887 697 453 359 N
Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc. Based on information from MLSListings, Inc for the period 4/1/2013 through 3/31/2016. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
