MARKET ACTION REPORT January 2011

County: Queen Annes

Price Range: All | Properties: Single Family - Condo - TwnHm

Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $349,900
Average List Price of all Current Listings $605,458
January Median Sales Price $230,500 $230,500
January Average Sales Price $280,336 $280,336
Total Properties Currently for Sale (Inventory) 542
January Number of Properties Sold 22 22
January Average Days on Market (Solds) 87 87
January Month's Supply of Inventory 24.6 24.6
January Sale Price vs List Price Ratio 95.3% 93.9%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

70
Property Sales
January Property sales were 22, down 26.7% from 30 60

61
in January of 2010 and 40.5% lower than the 37 sales 50
49
last month. January 2011 sales were at a mid level

46
40

43
41

41

41
40

40

40
compared to January of 2010 and 2009. January

39
37

37

37

37
30

35
34

34

34

33
YTD sales of 22 are running 26.7% behind last year's
32

32
31

30
28

28
27

26

20

25
year-to-date sales of 30.

22
22

22

22
17

10 14
12

0
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
08 09 10 11

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 900
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in January was $230,500, 800

down 27.7% from $318,700 in January of 2010 and
700
down 8.9% from $253,000 last month. The Average
Sales Price in January was $280,336, down 29.6% 600
from $398,256 in January of 2010 and down 25.6% 500
from $376,797 last month. January 2011 ASP was at 400
the lowest level compared to January of 2010 and
300
2009.
200
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
08 09 10 11

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI 900
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
60
The Total Inventory of Properties available for sale as of
January was 542, down 6.9% from 582 last month and 800
50
793
775

700
763

down 10.7% from 607 in January of last year. January

745
725

725

724
716
715

704
699
692
691

683

682
681

679
672

600 40
668

2011 Inventory was at its lowest level compared with

660

658
651
648

641

630
629

628
621

620
609
608

607
597
591

582

January of 2010 and 2009. 500

542

30
400
300 20
A comparatively lower MSI is more beneficial for sellers
200
while a higher MSI is better for buyers. The January 2011 10
100
MSI of 24.6 months was at a mid level compared with
January of 2010 and 2009. 0 0
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
08 09 10 11

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT January 2011
County: Queen Annes

Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time 250
Average Days on Market (Listing
234 to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 230
days the average Property is on the market before it 210
sells. An upward trend in DOM tends to indicate a 190 173
move towards more of a Buyer's market, a downward 170
trend a move towards more of a Seller's market. The 150
DOM for January was 87, down 28.7% from 122 days 130
last month and down 49.7% from 173 days in January of 110 87
last year. The January 2011 DOM was at its lowest level 90
compared with January of 2010 and 2009. 70
50
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
08 09 10 11

300
100
Selling Price versus Listing Price Ratio
Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
99%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 97% 95.3%
average amount that Sellers are agreeing to come down 94.1% 94.3%
95%
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio 93%
at or above 100% indicates more of a Seller's market.
91%
The January 2011 Selling Price vs Original List Price of
95.3% was up from 93.9% last month and up from 89%
94.3% in January of last year.
87%

85%
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
08 09 10 11

Inventory / New Listings / Sales

Inventory / New Listings / Sales 900 Inventory New Listings Sales

This last view of the market combines monthly 800

793
775
700

763
inventory of Properties for sale along with New Listings

745
725

725

724
715

716

704
699
691

692
683

682
681

679
600
672
668

and Sales. The graph shows the basic annual

660

658
651
648

641

630
629

628
621

620
608
609

607
597
591

582
seasonality of the market as well as the relationship 500

542
between these items. The number of New Listings in 400
January 2011 was 74, up 13.8% from 65 last month and 300
down 30.2% from 106 in January of last year. 200
100
0
F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J
08 09 10 11
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.