06853 - Market Action Report Dec 2014

8/10/2019 06853 - Market Action Report Dec 2014

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MARKET ACTION REPORT

November 2014

Zip Code: 06853Charlie Nedder

Market [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $1,397,450

Average List Price of all Current Listings $1,732,348

November Median Sales Price $765,000 $1,058,000

November Average Sales Price $1,066,667 $1,401,361

Total Properties Currently for Sale (Inventory) 44

November Number of Properties Sold 3 75

November Average Days on Market (Solds) 172 174

Asking Price per Square Foot (based on New Listings) $489 $584

November Sold Price per Square Foot $364 $505

November Month's Supply of Inventory 14.7 12.6

November Sale Price vs List Price Ratio 94.3% 96.1%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property SalesNovember Property sales were 3, down -25.0% from 4 in November of 2013 and -76.9% lower than the 13 sales last month. November 2014 sales were at amid level compared to November of 2013 and 2012. November YTD sales of 75 are running 21.0% ahead of last year's year-to-date sales of 62.

Prices


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Inventory & MSIThe Total Inventory of Properties available for sale as of November was 44, down -13.7% from 51 last month and down -18.5% from 54 in November of lastyear. November 2014 Inventory was at the lowest level compared to November of 2013 and 2012.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2014 MSI of 14.7 months was at a mid rangecompared with November of 2013 and 2012.

Market TimeThe 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 amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for November was 172, down -9.0% from189 days last month and up 17.8% from 146 days in November of last year. The November 2014 DOM was at its highest level compared with November of2013 and 2012.


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November 2014




Selling Price vs Listing PriceThe 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 November 2014 Selling Price vs List Price of 94.3% wasdown from 98.1% last month and up from 94.2% in November 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 annualseasonality of the market as well as the relationship between these items. The number of New Listings in November 2014 was 7, down -12.5% from 8 lastmonth and up 133.3% from 3 in November of last year.


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November 2014




2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential

Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

Based on information from Greater Fairfield County CMLS, Inc. for the period 12/1/2011 through 11/30/2014 . Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not becompletely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

D 11 J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N

Homes Sold 3 5 1 8 3 9 10 7 5 1 4 2 7 4 0 8 5 10 11 7 5 5 3 4 8 2 4 3 9 6 13 8 11 3 13 33 Mo. Roll Avg 3 5 4 7 7 9 7 4 3 2 4 4 4 4 4 8 9 9 8 6 4 4 5 5 5 3 5 6 9 9 11 7 9 6

(000's) D 11 J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N

MedianSalePrice 950 715 530 1,173 1,275 1,100 884 1,475 750 1,852 738 869 1,450 870 0 918 763 1,079 1,300 1,400 985 721 753 1,385 824 612 1,165 1,400 1,058 726 1,260 968 890 1,300 1,700 7653 Mo. Roll Avg 732 806 993 1,183 1,086 1,153 1,036 1,359 1,113 1,153 1,019 1,063 773 596 560 920 1,047 1,260 1,228 1,035 820 953 987 941 867 1,059 1,208 1,061 1,015 985 1,039 1,053 1,297 1,255


Inventory 44 47 49 63 71 73 71 69 68 76 68 60 47 55 65 65 77 74 69 60 58 56 61 54 44 43 52 56 73 86 81 75 70 68 51 44MSI 15 9 49 8 24 8 7 10 14 76 17 30 7 14 0 8 15 7 6 9 12 11 20 14 6 22 13 19 8 14 6 9 6 23 4 15


Days On Market 159 262 114 160 156 82 132 85 126 52 167 171 158 168 0 181 144 158 101 113 158 109 87 146 155 271 184 391 184 133 105 256 138 70 189 1723 Mo. Roll Avg 178 179 143 133 123 100 114 88 115 130 165 166 109 116 108 161 134 124 124 127 118 114 129 191 203 282 253 236 141 165 166 155 132 144


Price per Sq Ft 365 525 284 459 393 533 394 471 536 422 435 421 537 357 0 400 326 461 529 509 573 441 491 440 351 408 361 315 516 374 530 377 462 619 759 3643 Mo. Roll Avg 391 423 379 462 440 466 467 476 464 426 464 438 298 252 242 396 439 500 537 508 502 457 427 400 373 361 397 402 473 427 456 486 613 581


Sale to List Price 0.904 0.902 0.991 0.904 0.891 0.959 0.940 0.956 0.910 0.884 1.028 0.857 0.948 0.941 0.000 0.959 0.931 0.969 0.979 0.959 0.897 0.961 0.924 0.942 0.949 0.950 0.930 0.954 1.011 0.956 0.962 0.980 0.988 0.974 0.981 0.943

3 Mo. Roll Avg 0.932 0.932 0.929 0.918 0.930 0.952 0.935 0.917 0.941 0.923 0.944 0.915 0.630 0.633 0.630 0.953 0.960 0.969 0.945 0.939 0.927 0.942 0.938 0.947 0.943 0.945 0.965 0.974 0.976 0.966 0.977 0.981 0.981 0.966


New Listings 2 7 12 27 19 13 11 7 14 14 9 3 3 16 14 12 20 14 9 7 8 11 12 3 4 3 14 12 29 23 13 10 7 12 8 7Inventory 44 47 49 63 71 73 71 69 68 76 68 60 47 55 65 65 77 74 69 60 58 56 61 54 44 43 52 56 73 86 81 75 70 68 51 44Sales 3 5 1 8 3 9 10 7 5 1 4 2 7 4 0 8 5 10 11 7 5 5 3 4 8 2 4 3 9 6 13 8 11 3 13 3

(000's) D 11 J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N

Avg Sale Price 879 1,608 530 1,169 1,000 1,949 1,086 1,461 1,077 1,852 810 869 1,229 1,009 0 963 817 1,307 1,304 1,202 1,952 809 1,301 1,255 1,029 612 1,693 1,229 1,508 968 1,394 1,092 1,073 2,290 1,947 1,067

3 Mo. Roll Avg 1,006 1,102 900 1,373 1,345 1,498 1,208 1,463 1,246 1,177 969 1,036 746 657 593 1,029 1,142 1,271 1,486 1,321 1,354 1,122 1,195 966 1,111 1,178 1,477 1,235 1,290 1,151 1,186 1,485 1,770 1,768

06853 - Market Action Report Dec 2014

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