Professional Documents
Culture Documents
May 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
Month
$649,950 $1,043,525 $554,000 $623,286 96 7 93 $667 $382 13.7 96.5%
LM
L3M PYM
YTD
Prior YTD
Prior Year
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
Property Sales
May Property sales were 7, down 56.3% from 16 in May of 2010 and 41.7% lower than the 12 sales last month. May 2011 sales were at a mid level compared to May of 2010 and 2009. May YTD sales of 54 are running 6.9% behind last year's year-to-date sales of 58.
20 18 16 14 12 10 8 6 4 2 0
14
15
14
18 16 17
16
8 8
11 9 10 12 10 12 13 12 3 Mo Avg 7
12
12
10
10
10 10
11 6 9
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 M A M 08 09 10 11
Prices
The Median Sales Price in May was $554,000, up 3.8% from $533,500 in May of 2010 and down 1.5% from $562,500 last month. The Average Sales Price in May was $623,286, down 6.5% from $666,438 in May of 2010 and down 4.6% from $653,620 last month. May 2011 ASP was at a mid range compared to May of 2010 and 2009.
(000's)
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 M A M 08 09 10 11
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
35 30
25 20 15 10 5 0
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2011 MSI of 13.7 months was at a mid level compared with May of 2010 and 2009.
40 20 0
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 M A M 08 09 10 11
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty 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 consumers real estate transaction.
May 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
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 May was 93, equal to 93 days last month and down 22.5% from 120 days in May of last year. The May 2011 DOM was at a mid level compared with May of 2010 and 2009.
Average Days on Market (Listing to Contract) for properties sold during the month
3 Mo Avg
120 82 93
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 M A M 08 09 10 11
800 750 700 650 600 550 500 450 400 350
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
566
434 382
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 M A M 08 09 10 11
104% 102% 100% 97.7% 98% 96% 94% 92% 90% 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 M A M 08 09 10 11 92.2% 96.5%
Inventory
New Listings
Sales
140
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 M A M 08 09 10 11
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty 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 consumers real estate transaction.
May 2011
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
Inventory
134
New Listings
Sales
131
133
124
111
110
112
114
109
108
96
102
96
93
94
95
96
90
90
92
89
89
86
86
84
87
89
81
72
J 08
J 09
Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty 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 consumers real estate transaction.
17 12 12 8 21 6 15 10 23 14 22 10 14 15 18 19 16 14 14 10 25 10 30 8 21 6 26 18 28 16 33 17 23 11 22 9 14 11 16 9 17 10 17 12 23 10 19 12 19 13 21 12 28 7
28
24
24
17 16
21
16
12
8 7 9
16
26
66
J 10
76
J 11
83
84
93 A
96 M