Eastern Shore MD/DE Area - Reports - Long and -...
Transcript of Eastern Shore MD/DE Area - Reports - Long and -...
-2%
1%
5%
3%
4%
11%
3%
0%
7%
2%
4%
5%
13%
8%
5%
9%
5%
8%
4% 3% 4%
12%
12%
2% 2%
-5%
0%
5%
10%
15%
Median Sale PricePercent Change Year/Year
88
$226
,000
$232
,000
$242
,000
$234
,300
$238
,625
$250
,000
$236
,500
$240
,000
$235
,000
$217
,500
$233
,950
$250
,000
$255
,000
$250
,000
$254
,325
$255
,000
$250
,000
$270
,000
$245
,000
$247
,900
$244
,000
$244
,500
$261
,500
$255
,000
$259
,950
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Median Sales Price
$300
,000
$250
,000
$164
,900
$344
,400
$275
,000
$305
,000
$251
,250
$172
,501
$344
,500
$315
,000
$0
$200,000
$400,000
$600,000
$800,000
SussexCounty
WorcesterCounty
WicomicoCounty
Queen AnnesCounty
TalbotCounty
Median Sale PriceOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
●
●
Highlights
This May, the median sale price was $259,950, an increase of 2% compared to April.
The current median sale price was 2% higher than in May 2017.
Eastern Shore MD/DE Area - May 2018
5%
8%
-3%
0%
19%
-1%
11%
11%
8%
7%
42%
15% 19
%
12%
7%
14%
-4%
6%
13%
0%
2%
-9%
-1%
-2%
-8%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Total Units SoldPercent Change Year/Year
89
941 1,02
2
882
904 1,
002
921
760
901
638
614
964 99
9 1,11
8
1,14
8
948 1,03
0
965
978
856 89
7
649
559
953
981
1,03
4
0
200
400
600
800
1,000
1,200
1,400
Total Units Sold
474
263
119
82 71
427
234
111
88
51
0
100
200
300
400
500
SussexCounty
WorcesterCounty
WicomicoCounty
Queen AnnesCounty
TalbotCounty
Total Units SoldOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
●
●
Highlights
There was an increase of 5% in total units sold in May compared to April.
This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2017.
Eastern Shore MD/DE Area - May 2018
90
0
200
400
600
800
1,000
1,200
1,400
Total Units Sold by Type
Detached Attached Condo
721 70%
185 18%
128 12%
Total Units Sold by TypeCurrent Month
Detached Attached Condo
16015%
45644%
24624%
808%
929%
Total Units Sold by Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K450K to < 600K 600K and up
0
100
200
300
400
500
600
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
Eastern Shore MD/DE Area - May 2018
-6%
-9%
-11%
-12%
-13%
-13%
-13%
-13%
-13% -1
2%
-14%
-14%
-15%
-16%
-16% -16% -15% -15%
-15% -1
4%
-15%
-15% -1
5% -13%
-14%
-25%
-20%
-15%
-10%
-5%
0%
5%
Total Active InventoryPercent Change Year/Year
91
7,84
6
7,81
6
7,72
2
7,62
0
7,50
0
7,25
5
6,89
5
6,36
4
6,26
2
6,40
9
6,52
9
6,64
4
6,68
9
6,60
3
6,45
7
6,41
1
6,35
7
6,18
6
5,88
5
5,48
0
5,31
6
5,42
4
5,58
0
5,75
0
5,76
4
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Total Active Inventory
3,02
5
1,23
5
401
478
518
2,62
1
1,09
6
356
390
454
0500
1,0001,5002,0002,5003,0003,5004,000
SussexCounty
WorcesterCounty
WicomicoCounty
Queen AnnesCounty
TalbotCounty
Total Active InventoryOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
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●
Highlights
This month's supply of available inventory remained relatively stable compared to last month.
Versus May 2017, the total number of homes available was lower by 925 units or 14%.
Eastern Shore MD/DE Area - May 2018
92
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Total Active Inventory by TypeDetached Attached Condo
4,303 75%
857 15%
604 10%
Total Active Inventory by TypeCurrent Month
Detached Attached Condo
695 12%
1,899 33%
1,543 27%
647 11%
980 17%
Total Active Inventory by Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
Eastern Shore MD/DE Area - May 2018
93
95.7
%
96.1
%
96.5
%
96.5
%
96.1
%
96.2
%
96.4
%
96.9
%
95.8
%
95.9
%
96.8
%
96.8
%
96.8
%
96.7
%
96.2
%
96.9
%
96.6
% 96.8
%
96.8
%
97.4
%
96.3
%
97.0
%
97.0
%
97.4
% 97.7
%
94.5%
95.0%
95.5%
96.0%
96.5%
97.0%
97.5%
98.0%
Average Sale Price as a Percent of List Price
98.5
%
95.6
%
97.0
%
96.7
%
91.1
%
99.1
%
95.5
% 98.3
%
98.3
%
96.3
%
86.0%88.0%90.0%92.0%94.0%96.0%98.0%
100.0%
SussexCounty
WorcesterCounty
WicomicoCounty
Queen AnnesCounty
TalbotCounty
Sale Price as % of List PriceOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
Days on MarketCurrentMonth
One YearAgo
105 124
Down -15% Vs. Year Ago
139
143
130
114
124127
129127
132
138
130
124 124
113 114
103
131
108
112
106
113 114
122
112
105
100
110
120
130
140
150
160Days on Market
86%
88%
90%
92%
94%
96%
98%
100%
102%
104%
Average Sale Price as a Percent of List Price by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
Avg Sale Price as % of List PriceCurrentMonth
One YearAgo
97.7% 96.8%
Up 0.9% Vs. Year Ago
Eastern Shore MD/DE Area - May 2018
94
$270
,763
$307
,387
$260
,921
$255
,347 $3
02,3
57
$296
,714
$223
,362 $2
85,3
64
$192
,636
$185
,401
$288
,429
$309
,720 $3
72,6
54
$360
,751
$295
,111
$315
,925
$315
,121
$335
,400
$259
,156
$294
,872
$208
,609
$166
,544
$329
,128
$324
,691
$335
,045
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Total Dollar Volume SoldIn Thousands
Total Dollar Volume SoldCurrentMonth
One YearAgo
$335,044,620 $372,654,369
Down -10% Vs. Year Ago
Months of SupplyCurrentMonth
One YearAgo
5.6 6.0
Down -7% Vs. Year Ago
8.3
7.7
8.8
8.4
7.5 7.
9
9.1
7.1
9.8 10
.4
6.8
6.7
6.0
5.8
6.8
6.2 6.
6
6.3 6.
9
6.1
8.2
9.7
5.9
5.9
5.6
0
1
2
3
4
5
6
7
8
9
10
11
Months of SupplyCurrent Month's Active Inventory/Current Month's Unit Sales
●
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Highlights
Total volume sold this May was 10% less than the same month one year ago.
In May, there was 5.6 months of supply available, compared to 6.0 in May 2017. That was a decrease of 7% versus a year ago.
Eastern Shore MD/DE Area - May 2018
95
●
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 1.4, a decrease of 11% from May 2017.
915
919
951 99
0
854
840
734
630 71
7
919
1,16
6
1,03
1
1,03
4
1,06
1
983 99
3
955
887
780
578
769 89
4 1,08
6
1,04
3
1,15
7
1,54
3
1,44
4
1,36
0
1,39
1
1,24
4
1,23
9
877
697
1,08
8
1,38
8
1,66
2
1,49
7
1,57
1
1,45
3
1,25
9 1,37
8
1,28
7
1,16
3
1,01
3
727
1,05
0
1,26
6
1,60
0
1,54
3
1,56
3
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
New Listings & New ContractsNew Contracts (Under Active Contract Status) New Listings
New ListingsCurrent Month
One Year Ago
1,563 1,571
Down -1% Vs. Year Ago
New ContractsCurrent Month
One Year Ago
1,157 1,034
Up 12% Vs. Year Ago
1.71.6
1.4 1.4 1.5 1.5
1.21.1
1.5 1.51.4 1.5
1.5
1.41.3
1.4 1.3 1.3 1.3 1.31.4 1.4 1.5 1.5
1.4
0.0
0.5
1.0
1.5
2.0
Supply/Demand RatioNumber of New Listings to New Contracts
651
262
154
141
131
657
286
147
148
94
0
200
400
600
800
SussexCounty
WorcesterCounty
WicomicoCounty
Queen AnnesCounty
TalbotCounty
New ListingsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
420
193
117
102
59
514
232
99 102
71
0
100
200
300
400
500
600
SussexCounty
WorcesterCounty
WicomicoCounty
Queen AnnesCounty
TalbotCounty
New ContractsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
Eastern Shore MD/DE Area - May 2018
96
References & Definitions WASHINGTON D.C. METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: District of Columbia; Arlington, Clarke, Fairfax, Fauquier, Loudoun, Prince William, Spotsylvania, Stafford, Warren Counties and Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, Manassas Park Cities in Virginia; Calvert, Charles, Prince George’s, Frederick, Montgomery Counties in Maryland; Jefferson County in West Virginia. BALTIMORE METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Anne Arundel, Baltimore, Carroll, Harford, Howard, and Queen Anne’s Counties and Baltimore City in Maryland. RICHMOND METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Data for all counties except for Caroline County (Virginia) is supplied by Central Virginia Regional MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Data for Caroline County data based on Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King and Queen, King William, Louisa, New Kent, Powhatan, Prince George, and Sussex Counties and Colonial Heights, Hopewell, Petersburg, and Richmond Cities in Virginia. PHILADELPHIA METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by TREND MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania and Gloucester, Camden, Burlington, and Mercer in New Jersey. THE TRIANGLE NORTH CAROLINA AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by the Triangle MLS and its and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties include in this area are: Alamance, Chatham, Durham, Franklin, Granville, Harnett, Johnston, Orange, and Wake in North Carolina.
Analysis dates for all regions: May 1, 2016 through May 31, 2018.
97
References & Definitions CHARLOTTESVILLE AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Based on data supplied by CAAR MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: City of Charlottesville and Albemarle, Buckingham, Fluvanna County, Greene County and Nelson counties in Virginia. HAMPTON ROADS AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Data for all counties except for Gloucester and Mathews Counties in Virginia is supplied by Real Estate Information Network MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Data for Gloucester and Mathews Counties is supplied by Chesapeake Bay & Rivers MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Gloucester, Isle of Wight, James City, Mathews, Surry, and York Counties and Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, and Williamsburg Cites in Virginia; Currituck County in North Carolina. ROANOKE METROPOLITAN AREA: LISTING SOURCE, REPORTING AREA & DEFINITION Based on data supplied by Roanoke Valley Association of REALTORS (RVAR) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace as some brokerages choose not to provide transaction information. This may result in an understatement of completed sales and available listings. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of RVAR or Long & Foster Real Estate, Inc. Counties & cities included in this area are: Botetourt, Craig, Franklin, and Roanoke Counties and Roanoke and Salem Cities in Virginia. WILMINGTON, DE AREA: LISTING SOURCE, REPORTING AREA & DEFINITION Data for Kent and New Castle Counties in Delaware and Salem County in New Jersey supplied by TREND MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Data for Cecil and Kent Counties in Maryland is supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities included in this area are: Kent and New Castle Counties in Delaware, Cecil and Kent Counties in Maryland, and Salem County in New Jersey. EASTERN SHORE MD/DE AREA: LISTING SOURCE, REPORTING AREA, & DEFINITION Data for Caroline, Dorchester, Kent, Queen Anne’s, and Talbot, Counties in Maryland is supplied by Metropolitan Regional Information Systems (MRIS) and its member Association(s) of REALTORS. Data for Sussex County, Delaware is supplied by SCAOR and its member Association(s) of REALTORS. Data for Somerset, Wicomico, and Worcester Counties in Maryland is supplied by Coastal MLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Counties & cities include in this area are: Caroline, Dorchester, Kent, Queen Anne’s, Somerset, Talbot, Wicomico, and Worcester Counties In Maryland and Sussex County in Delaware.
Analysis dates for all regions: May 1, 2016 through May 31, 2018.
98
Contacts & Disclaimers MEDIA CONTACT Vicki Bendure, Bendure Communications Email: [email protected] Phone: (540) 687-3360 CREATED BY Michael Bystry, Long & Foster Real Estate, Inc. Senior Market Research Analyst DISCLAIMER Information contained in this report is based on data provided by the local area Multiple Listing Service and its member Association(s) of REALTORS®. No representation, expressed or implied should be taken from information herein. Neither these organizations nor Long & Foster Real Estate, Inc. guarantee or are in any way responsible for the accuracy of these results, which do not reflect all activity in the marketplace. “Detached”, “Attached”, and “Condo” varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster’s knowledgeable and experienced sales associates. Information contained in this report is not limited to transactions done by Long & Foster Real Estate, Inc. The data reported is solely for residential real estate transactions. Information contained in this report is deemed reliable but not guaranteed, should be independently verified and does not constitute an opinion of Long & Foster Real Estate, Inc. Material appearing in this report may be reproduced or copied without permission. Please use the following acknowledgement for citation: Source: Long & Foster Real Estate, Inc. and also cite the appropriate MLS.