Total Settled Volume The total dollar volume of single-family listings that have settled year-to-date (YTD) through the specified month and year.

Transcription

1 DECEMBER 2017

2 The Year-to-Date Market Snapshot details key statistical information for single-family listings recorded within TREND. This statistical report is organized by county and contains valuable year-to-date information for sales, prices and percentage changes for each of the last three years. This easy-to-read, at-a-glance format empowers you to evaluate current market activity for year-to-date sales as well as to compare it to previous years, so you can quickly and clearly see the annual trends in a particular market area. Utilizing the Market Snapshot allows you to gain a better understanding of your market. This will give you new insights and increased value when working with consumers. This powerful statistical report is provided exclusively to TREND members. Contents Pennsylvania Bucks County... 3 Berks County... 3 Chester County... 3 Delaware County... 4 Montgomery County... 4 Philadelphia County... 4 New Jersey Burlington County... 5 Camden County... 5 Cumberland County... 5 Gloucester County... 6 Mercer County... 6 Salem County... 6 Delaware Kent County... 7 New Castle County... 7 Definitions Settled Units The number of single-family listings settled year-to-date (YTD) through the specified month and year. Average Settled Price The average price that single-family listings have settled for year-to-date (YTD) through the specified month and year. Determined by dividing the Total Settled Volume by the number of Settled Units. Median Settled Price The median price that single-family listings have settled for year-to-date (YTD) through the specified month and year. Determined by arranging all Settled Units year-to-date (YTD) in numerical order by price and then selecting the middle value. Total Settled Volume The total dollar volume of single-family listings that have settled year-to-date (YTD) through the specified month and year. Avg SPrice / OPrice (Average Settled Price / Original Price) The average percentage of the Original Price that single-family listings have settled for yearto-date (YTD) through the specified month and year. This number is determined by calculating the Settled Price/Original Price for every listing, summing them and then dividing by the number of settled listings. TREND excludes listings if the Settled Price is greater than 150 percent or less than 50 percent of the Original Price. This ensures the percentage is more representative of listings in the market area. Notes on Statistics All statistics are from TREND s monthly Residential Activity Reports. While each original version of the Residential Activity Report is subsequently updated each of the next two months, any changes will not be reflected in this report. Due to the fluid nature of MLS data, insignificant statistical variations may occur with regard to sales activity between the various TREND reports. Mobile homes and condominiums are excluded from these statistics. This report includes information on listings and transactions facilitated through TREND and does not reflect the total number of listings and transactions of a given market area. All monetary statistics are rounded to the nearest $10. Page 2 of 7

3 Bucks County, PA Settled Units 6,845 7,178 7, % 2.17% Average Settled Price $341,000 $342,000 $359, % 4.97% Median Settled Price $290,000 $294,000 $310, % 5.44% Total Settled Volume $2,338,694,000 $2,461,913,000 $2,638,497, % 7.17% Avg SPrice/OPrice 94.20% 94.80% 95.69% 0.64% 0.94% Berks County, PA Settled Units 4,410 4,826 5, % 3.65% Average Settled Price $163,000 $171,000 $178, % 4.09% Median Settled Price $150,000 $155,000 $164, % 5.81% Total Settled Volume $720,942,000 $825,496,000 $893,086, % 8.19% Avg SPrice/OPrice 92.45% 93.26% 94.88% 0.88% 1.74% Chester County, PA Settled Units 6,350 6,531 6, % 3.80% Average Settled Price $369,000 $373,000 $392, % 5.09% Median Settled Price $320,000 $325,000 $345, % 6.15% Total Settled Volume $2,343,368,000 $2,442,171,000 $2,659,472, % 8.90% Avg SPrice/OPrice 94.98% 95.36% 96.33% 0.40% 1.02% Page 3 of 7

4 Burlington County, NJ Settled Units 4,921 5,590 6, % 15.17% Average Settled Price $255,000 $241,000 $238, % -1.24% Median Settled Price $220,000 $213,000 $208, % -2.35% Total Settled Volume $1,257,908,000 $1,349,053,000 $1,535,039, % 13.79% Avg SPrice/OPrice 92.53% 92.64% 93.61% 0.12% 1.05% Delaware County, PA Settled Units 5,739 6,332 6, % 4.86% Average Settled Price $257,000 $263,000 $271, % 3.04% Median Settled Price $200,000 $205,000 $210, % 2.44% Total Settled Volume $1,478,218,000 $1,665,386,000 $1,801,385, % 8.17% Avg SPrice/OPrice 91.94% 92.89% 94.17% 1.03% 1.38% Camden County, NJ Settled Units 5,034 6,114 7, % 17.53% Average Settled Price $187,000 $183,000 $182, % -0.55% Median Settled Price $165,000 $160,000 $162, % 1.25% Total Settled Volume $942,735,000 $1,123,845,000 $1,314,973, % 17.01% Avg SPrice/OPrice 91.52% 91.76% 92.86% 0.26% 1.20% Page 4 of 7

5 Montgomery County, PA Settled Units 9,239 9,936 10, % 2.45% Average Settled Price $320,000 $332,000 $345, % 3.92% Median Settled Price $272,000 $282,000 $292, % 3.55% Total Settled Volume $2,957,097,000 $3,301,033,000 $3,518,240, % 6.58% Avg SPrice/OPrice 94.09% 94.86% 95.67% 0.82% 0.85% Cumberland County, NJ Settled Units , % 11.69% Average Settled Price $133,000 $132,000 $127, % -3.79% Median Settled Price $131,000 $134,000 $125, % -6.72% Total Settled Volume $95,761,000 $119,784,000 $129,353, % 7.99% Avg SPrice/OPrice 91.04% 91.58% 91.02% 0.59% -0.61% Gloucester County, NJ Settled Units 2,970 3,545 4, % 15.77% Average Settled Price $202,000 $203,000 $195, % -3.94% Median Settled Price $190,000 $194,000 $184, % -5.15% Total Settled Volume $601,277,000 $720,898,000 $802,260, % 11.29% Avg SPrice/OPrice 92.83% 93.05% 92.97% 0.24% -0.09% Page 5 of 7

6 Kent County, DE Settled Units 1,871 1,989 2, % 17.35% Average Settled Price $199,000 $205,000 $205, % 0.00% Median Settled Price $195,000 $201,000 $203, % 1.00% Total Settled Volume $373,384,000 $407,847,000 $479,017, % 17.45% Avg SPrice/OPrice 94.57% 95.20% 95.11% 0.67% -0.09% New Castle County, DE Settled Units 5,681 6,146 6, % 10.48% Average Settled Price $246,000 $250,000 $250, % 0.00% Median Settled Price $224,000 $226,000 $224, % -0.88% Total Settled Volume $1,400,923,000 $1,541,209,000 $1,702,533, % 10.47% Avg SPrice/OPrice 94.45% 94.55% 95.22% 0.11% 0.71% Mercer County, NJ Settled Units 3,069 3,481 3, % 9.62% Average Settled Price $354,000 $347,000 $337, % -2.88% Median Settled Price $253,000 $248,000 $248, % 0.00% Total Settled Volume $1,088,629,000 $1,209,558,000 $1,286,683, % 6.38% Avg SPrice/OPrice 92.26% 92.63% 93.49% 0.40% 0.93% Page 6 of 7

7 Salem County, NJ Settled Units % 18.91% Average Settled Price $144,000 $140,000 $130, % -7.14% Median Settled Price $137,000 $126,000 $115, % -8.73% Total Settled Volume $78,141,000 $92,762,000 $102,312, % 10.30% Avg SPrice/OPrice 88.14% 87.48% 88.23% -0.75% 0.86% Schuylkill County, PA Settled Units 1,067 1,039 1, % 10.11% Average Settled Price $96,000 $95,000 $97, % 2.11% Median Settled Price $73,000 $75,000 $76, % 1.33% Total Settled Volume $102,661,000 $99,575,000 $111,547, % 12.02% Avg SPrice/OPrice 87.42% 88.29% 88.79% 1.00% 0.57% Philadelphia County, PA Settled Units 12,706 14,339 15, % 5.42% Average Settled Price $194,000 $206,000 $225, % 9.22% Median Settled Price $146,000 $160,000 $175, % 9.38% Total Settled Volume $2,470,857,000 $2,954,516,000 $3,413,968, % 15.55% Avg SPrice/OPrice 91.98% 93.39% 94.46% 1.53% 1.15% Page 7 of 7