market report august 2013

7/30/2019 Market Report August 2013

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MARKET ACTION REPORT

August 2013

City: W HartfordSean PageSales Associate860-966-6761(860) [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 $329,950 -4% 10%

Average List Price of all Current Listings $471,577 -1% 22%

August Median Sales Price $326,000 8% 2% 0% 9% $310,000 0% 4%

August Average Sales Price $340,436 -5% -3% -5% 2% $338,736 -1% 2%

Total Properties Currently for Sale (Inventory) 222 2% -4%

August Number of Properties Sold 85 -3% 12% 526 15%

August Average Days on Market (Solds) 38 -3% -5% -16% -37% 48 -21% -20%

Asking Price per Square Foot (based on New Listings) $169 -5% -3% 1% -1% $177 4% 4%

August Sold Price per Square Foot $171 -1% 0% 1% 5% $167 2% 3%

August Month's Supply of Inventory 2.6 5% 9% -14% -47% 3.8 -22% -24%

August Sale Price vs List Price Ratio 97.5% -0.3% 0% 0% 1.0% 97.5% 1.1% 0.9%

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

Property SalesAugust Property sales were 85, up 11.8% from 76 in August of 2012 and -3.4% lower than the 88 sales last month. August 2013 sales were at their highestlevel compared to August of 2012 and 2011. August YTD sales of 526 are running 15.4% ahead of last year's year-to-date sales of 456.

PricesThe Median Sales Price in August was $326,000, down -0.2% from $326,500 in August of 2012 and up 7.8% from $302,500 last month. The Average SalesPrice in August was $340,436, down -5.2% from $359,266 in August of 2012 and down -4.9% from $357,870 last month. August 2013 ASP was at the lowestlevel compared to August of 2012 and 2011


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level compared to August of 2012 and 2011


August 2013



Inventory & MSIThe Total Inventory of Properties available for sale as of August was 222, up 1.8% from 218 last month and down -4.3% from 232 in August of last year.August 2013 Inventory was at the lowest level compared to August of 2012 and 2011.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2013 MSI of 2.6 months was at its lowest levelcompared with August of 2012 and 2011.

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 August was 38, down -2.6% from 39 dayslast month and down -15.6% from 45 days in August of last year. The August 2013 DOM was at its lowest level compared with August of 2012 and 2011.


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August 2013



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 August 2013 Selling Price vs List Price of 97.5% wasdown from 97.8% last month and equal to 97.5% in August 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 August 2013 was 81, down -22.1% from 104 lastmonth and up 17.4% from 69 in August of last year.


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August 2013



2013 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 Connecticut Multiple Listing Service, Inc. for the period 9/1/2010 through 8/31/2013. 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.

S 10 O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A

Homes Sold 36 39 47 42 31 24 30 34 50 89 72 59 44 41 44 43 32 21 39 51 70 89 78 76 39 37 48 51 47 27 39 61 69 110 88 853 Mo. Roll Avg 41 43 40 32 28 29 38 58 70 73 58 48 43 43 40 32 31 37 53 70 79 81 64 51 41 45 49 42 38 42 56 80 89 94

(000's) S 10 O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A

MedianSalePrice 347 320 315 323 330 303 249 296 340 290 340 325 274 285 275 265 271 314 310 250 323 315 305 327 259 292 304 280 281 303 295 310 310 328 303 3263 Mo. Roll Avg 327 319 323 318 294 282 295 308 323 318 313 295 278 275 270 283 298 291 294 296 314 316 297 292 285 292 288 288 293 303 305 316 313 319


Inventory 258 253 231 186 181 193 217 257 283 307 287 279 265 259 229 195 197 209 215 244 236 232 219 232 249 245 218 180 181 184 192 227 243 231 218 222MSI 7 6 5 4 6 8 7 8 6 3 4 5 6 6 5 5 6 10 6 5 3 3 3 3 6 7 5 4 4 7 5 4 4 2 2 3


Days On Market 65 53 55 45 65 81 60 79 61 68 36 47 72 61 60 68 92 87 79 57 61 66 46 45 43 30 57 71 76 54 57 69 35 44 39 383 Mo. Roll Avg 58 51 55 64 69 73 67 69 55 50 52 60 64 63 73 82 86 74 66 61 58 52 45 39 43 53 68 67 62 60 54 49 39 40


Price per Sq Ft 169 168 168 166 166 154 155 170 169 170 172 164 159 157 160 161 140 156 156 157 168 171 167 170 163 163 163 163 151 160 160 164 166 173 172 1713 Mo. Roll Avg 168 167 167 162 158 160 165 170 170 169 165 160 159 159 154 152 151 156 160 165 169 169 167 165 163 163 159 158 157 161 163 168 170 172


Sale to List Price 0.954 0.968 0.975 0.965 0.959 0.951 0.970 0.960 0.960 0.963 0.978 0.972 0.958 0.962 0.965 0.955 0.937 0.961 0.961 0.967 0.971 0.969 0.970 0.975 0.969 0.974 0.970 0.959 0.977 0.972 0.965 0.970 0.978 0.981 0.978 0.975

3 Mo. Roll Avg 0.966 0.969 0.966 0.958 0.960 0.960 0.963 0.961 0.967 0.971 0.969 0.964 0.962 0.961 0.952 0.951 0.953 0.963 0.966 0.969 0.970 0.971 0.971 0.973 0.971 0.968 0.969 0.969 0.971 0.969 0.971 0.976 0.979 0.978


New Listings 85 82 58 33 52 57 96 130 141 110 71 80 72 75 34 39 71 81 100 115 113 86 84 69 107 74 46 30 72 66 105 150 130 91 104 81Inventory 258 253 231 186 181 193 217 257 283 307 287 279 265 259 229 195 197 209 215 244 236 232 219 232 249 245 218 180 181 184 192 227 243 231 218 222Sales 36 39 47 42 31 24 30 34 50 89 72 59 44 41 44 43 32 21 39 51 70 89 78 76 39 37 48 51 47 27 39 61 69 110 88 85

(000's) S 10 O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A

Avg Sale Price 339 392 338 362 366 317 296 376 372 401 386 365 351 284 296 342 270 337 319 292 372 360 350 359 314 321 317 338 294 317 324 317 335 366 358 3403 Mo. Roll Avg 356 364 355 348 326 330 348 383 387 384 368 334 310 307 303 316 309 316 328 342 361 356 341 332 318 325 316 316 312 319 325 339 353 355

market report august 2013

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