eastern shore maryland/delaware area market conditions report
DESCRIPTION
Eastern Shore Maryland/Delaware Area Market Conditions ReportTRANSCRIPT
® The Long & Foster Market Conditions Report
70
Eastern Shore MD/DE Area - September 2013
$251,0
00
$246,0
00
$130,0
00 $298,9
59
$295,0
00
$300,0
00
$229,0
00
$144,9
00 $
332,5
00
$252,5
00
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Sussex
County
Worcester
County
Wicomico
County
Queen Annes
County
Talbot
County
Median Sale PriceOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-12
%
-14
%
-6%
-9%
-2%
-3%
6%
11
%
2%
-2%
-3%
4% 6
%
17
%
8%
14
%
7%
-4% -1
%
-3%
4%
4% 5% 6%
6%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Median Sale PricePercent Change Year/Year
$2
15
,00
0
$2
01
,00
0
$2
12
,00
0
$2
12
,50
0
$1
95
,37
5
$2
09
,90
0
$2
17
,70
0
$2
32
,50
0
$2
29
,90
0
$2
21
,00
0
$2
19
,40
0
$2
20
,00
0
$2
27
,00
0
$2
35
,00
0
$2
29
,90
0
$2
43
,00
0
$2
09
,95
0
$2
02
,45
0
$2
14
,45
0
$2
25
,00
0
$2
40
,00
0
$2
30
,00
0
$2
30
,00
0
$2
32
,50
0
$2
40
,00
0
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Median Sales Price
●
●
Highlights
This September, the median sale price
was $240,000, an increase of 6%
compared to last year.
The current median sale price was 3%
higher than in August.
® The Long & Foster Market Conditions Report
71
Eastern Shore MD/DE Area - September 2013
253
138
65
62
43
307
158
73
64
48
0
50
100
150
200
250
300
350
Sussex
County
Worcester
County
Wicomico
County
Queen Annes
County
Talbot
County
Total Units SoldOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
-2%
-4%
8%
-9%
14
%
42
%
10
%
-3%
23
%
7%
14
%
24
%
30
%
12
%
35
%
12
%
0%
-4%
10
%
16
%
21
%
10
%
24
%
13
%
11
%
-20%
-10%
0%
10%
20%
30%
40%
50%
Total Units SoldPercent Change Year/Year
49
3
49
1
47
7 51
6
37
9
43
9
53
6 56
5
69
3
67
5
59
0
65
5
63
9
55
0
64
3
57
6
37
8 42
2
59
2
65
7
83
9
74
2
73
2
74
3
70
7
0
100
200
300
400
500
600
700
800
900
Total Units Sold
●
●
Highlights
This month's total units sold was
higher than at this time last year, an
increase of 11% versus September 2012.
There was a decrease of 5% in total
units sold in September compared to
August.
® The Long & Foster Market Conditions Report
72
Eastern Shore MD/DE Area - September 2013
0
50
100
150
200
250
300
350
400
450
Total Units Sold by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
0
100
200
300
400
500
600
700
800
900
Total Units Sold by Type
Detached Attached Condo
510
72%
111
16%
86
12%
Total Units Sold by TypeCurrent Month
Detached Attached Condo
163
23%
272
38%
153
22%
49
7%
70
10%
Total Units Sold by Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
® The Long & Foster Market Conditions Report
73
Eastern Shore MD/DE Area - September 2013
3,8
60
1,6
93
667
569
561
3,4
31
1,6
35
542
619
629
0500
1,0001,5002,0002,5003,0003,5004,0004,500
Sussex
County
Worcester
County
Wicomico
County
Queen
Annes
County
Talbot
County
Total Active InventoryOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
-8%
-8%
-8%
-8%
-8%
-10
%
-11
%
-12
%
-13
%
-14
%
-17
%
-17
%
-17
%
-17
%
-17
%
-17
% -16
%
-15
% -13
% -11
%
-8% -7
% -6% -5
%
-6%
-25%
-20%
-15%
-10%
-5%
0%
Total Active InventoryPercent Change Year/Year
10
,47
8
10
,17
7
9,8
79
9,3
57
9,2
73
9,3
77
9,4
94
9,6
07
9,4
99
9,2
35
8,9
01
8,7
68
8,6
70
8,4
10
8,1
61
7,7
37
7,8
32
7,9
62
8,2
60
8,5
72
8,7
08
8,5
49
8,3
69
8,3
44
8,1
75
0
2,000
4,000
6,000
8,000
10,000
12,000
Total Active Inventory
●
●
Highlights
September's total active inventory of
8,175 units was 2% lower than the
previous month's supply of inventory.
Versus last September, the total
number of homes available was lower
by 495 units or 6%.
® The Long & Foster Market Conditions Report
74
Eastern Shore MD/DE Area - September 2013
1,322
16%
3,239
40%
1,549
19%
770
9%
1,295
16%
Total Active Inventory by
Price RangeCurrent Month
< 150K 150K to < 300K 300K to < 450K
450K to < 600K 600K and up
6,101
75%
1,233
15%
841
10%
Total Active Inventory
by TypeCurrent Month
Detached Attached Condo
0
2,000
4,000
6,000
8,000
10,000
12,000
Total Active Inventory by Type
Detached Attached Condo
0
2,000
4,000
6,000
8,000
10,000
12,000
Total Active Inventory by Price Range
< 150K 150K to < 300K 300K to < 450K 450K to < 600K 600K and up
® The Long & Foster Market Conditions Report
75
Eastern Shore MD/DE Area - September 2013
200
179
190
223
201
213
201
222
199
184
210
192
180
190189186182
191183
176
185
161164160
154
100
120
140
160
180
200
220
240Days on Market
80%
82%
84%
86%
88%
90%
92%
94%
96%
98%
100%
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
95.3
%
93.5
%
92.6
%
93.1
%
85.9
%96.1
%
95.0
%
96.1
%
95.2
%
93.6
%
75.0%80.0%85.0%90.0%95.0%
100.0%
Sussex
County
Worcester
County
Wicomico
County
Queen
Annes
County
Talbot
County
Sale Price as % of List PriceOf Top Five Counties/Cities Based on Total Units
Sold
One Year Ago Current Month
Avg Sale Price as % of List Price
Current
Month
One Year
Ago95.4% 92.9%
Up 2.7% Vs. Year Ago
Days on Market
Current
Month
One Year
Ago154 180
Down -14% Vs. Year
Ago
93
.5%
92
.8%
91
.1%
91
.1%
90
.9%
90
.6%
93
.8%
89
.6%
92
.4%
91
.2%
94
.0%
92
.6%
92
.9%
94
.1%
93
.0%
93
.0%
94
.5%
94
.2%
94
.4%
95
.3%
94
.8%
95
.1%
94
.5% 95
.2%
95
.4%
86.0%
87.0%
88.0%
89.0%
90.0%
91.0%
92.0%
93.0%
94.0%
95.0%
96.0%
Average Sale Price as a Percent of List Price
® The Long & Foster Market Conditions Report
76
Eastern Shore MD/DE Area - September 2013
●
●
Highlights
Total volume sold this September was
12% greater than the same month one
year ago.
In September, there was 11.6 months
of supply available, compared to 13.6
in September 2012. That was a
decrease of 15% versus a year ago.
Months of Supply
Current
Month
One Year
Ago11.6 13.6
Down -15% Vs. Year Ago
Total Dollar Volume Sold
Current
Month
One Year
Ago$219,623,993 $196,910,902
Up 12% Vs. Year Ago
$1
42
,46
0
$1
38
,64
9
$1
35
,12
5
$1
51
,72
2
$1
01
,07
3
$1
14
,37
2
$1
42
,82
9 $1
80
,33
4
$2
14
,50
1
$1
96
,18
2
$1
56
,73
6 $1
95
,11
9
$1
96
,91
1
$1
69
,42
9
$1
92
,48
9
$1
95
,23
2
$9
4,8
19
$1
10
,60
5
$1
68
,96
3
$1
86
,41
2
$2
61
,53
5
$2
06
,30
9
$2
26
,81
7
$2
28
,27
7
$2
19
,62
4
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Total Dollar Volume SoldIn Thousands
21
.3
20
.7
20
.7
18
.1
24
.5
21
.4
17
.7
17
.0
13
.7
13
.7 15
.1
13
.4
13
.6 15
.3
12
.7
13
.4
20
.7
18
.9
14
.0
13
.1
10
.4 11
.5
11
.4
11
.2
11
.6
0
5
10
15
20
25
30
Months of SupplyCurrent Month's Active Inventory/Current Month's Unit Sales
® The Long & Foster Market Conditions Report
77
Eastern Shore MD/DE Area - September 20134
66 53
0
43
9
41
5 48
1 54
4 63
9 69
8
67
0
61
7 70
9
68
0
59
3
57
4
49
7
37
1
54
7
58
8
71
7
75
1
79
7
71
2 81
9
83
2
79
3
1,0
48
96
7
76
8
64
9
99
5
1,1
19
1,3
36
1,3
79
1,2
15
1,0
54
1,0
21
1,2
04
1,0
35
93
9
80
8
60
8
1,1
61
1,0
92
1,4
19
1,4
91
1,4
42
1,1
22 1,2
36 1,3
58
1,2
40
0
200
400
600
800
1,000
1,200
1,400
1,600
New Listings & New Contracts
New Contracts (Under Active Contract Status) New Listings
2.2
1.81.7
1.6
2.1 2.1 2.12.0
1.81.7
1.4
1.8 1.71.6 1.6 1.6
2.1
1.92.0 2.0
1.8
1.61.5
1.61.6
0.0
0.5
1.0
1.5
2.0
2.5
Supply/Demand RatioNumber of New Listings to New Contracts
465
184
86
87
70
560
235
119
100
70
0100200300400500600
Sussex
County
Worcester
County
Wicomico
County
Queen
AnnesCounty
Talbot
County
New ListingsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
282
113
41 45
42
356
148
91
56
47
0
100
200
300
400
Sussex
County
Worcester
County
Wicomico
County
Queen
AnnesCounty
Talbot
County
New ContractsOf Top Five Counties/Cities Based on Total Units Sold
One Year Ago Current Month
●
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 1.6,
a decrease of 10% from September
2012.
New Listings
Current
Month
One Year
Ago1,240 1,035
Up 20% Vs. Year Ago
New Contracts
Current
Month
One Year
Ago793 593
Up 34% Vs. Year Ago