Apr 1, 2016 - statistical report is organized by county and contains valuable year-to-date information for sales, ... De
APRIL 2016
The Year-to-Date Market Snapshot details key statistical information for condominium sales 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 th e last three years. This easy-to-read, at-a-glance format empowers you to evaluate current market a ctivity for year-to-date sales as well as to compare it to previous years, so you can quickly and clearly see the annual trends i n a p articula r ma rket area. Util izing the Market Sna pshot allows you to gain a better understanding of your market. This will give you new insights and i ncreased va lue when working with consumers. This po werful statistical report is provided exclusively to TREND members.
Contents Pennsylvania Berks County ............................................................. 3 Bucks County ............................................................ 3 Chester County.......................................................... 3 Delaware County ....................................................... 4 Montgomery County .................................................. 4 Philadelphia County ................................................... 4 Schuylkill County ...................................................... 5
New Jersey Burlington County.......................................................... 5 Camden County ............................................................ 5 Cumberland County ...................................................... 6 Gloucester County ........................................................ 6 Mercer County ............................................................... 6 Salem County................................................................ 7 Delaw are Kent County .................................................................. 7 New Castle County ....................................................... 7
Definitions Settled Units
Average Settled Price
Th e number of condominium listings settled year-to-date (YTD) through the specified month and year. Th e average price that condominium listings have settled for year-to-date (YTD) throug h the specified month and year. Determined by di viding the Total Settled Vo lume by the number of Settled Units.
Median Settled Price
Th e median price that condomi nium listi ngs have settled for year-to-date (YTD) through the specified month and year. Determined by arra ngin g all Settled Units year-to-date (YTD) in numerical order by price and then selecting the middle value.
Total Settled Volume
Th e total dollar volume of condominium listings that have settled year-to-date (YTD) through the specified month and year.
Avg SPrice / OPrice (Average Settled Price / Original Price)
Th e average percentage of the Original Price that condominium listings ha ve settled for yearto-date (YTD) throu gh the specifie d month and yea r. This numb er is determined b y calculating the Settled Price/Original Price fo r every l isting , 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 ensu res the p ercentage is mo re 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 s ubsequently 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 s tatistical variations may occur with regard to sales activity between the various TREND reports. Mobile homes and single-family homes 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.
©2016 TREND. Compiled 5/10/2016. Information deemed reliable, but not guaranteed. Non-members contact TREND for reprint permission. • 660 American Avenue, Suite 203 • King of Prussia, PA 19406 • 1-877-330-9900 • www.trendmls.com Page 2 of 7
Year-To-Date Market Snapshot: Condo, April 2016 Berks County, PA YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
30
32
37
6.67%
15.62%
Average Settled Price
$124,000
$123,000
$142,000
-0.81%
15.45%
Median Settled Price
$129,000
$122,000
$140,000
-5.43%
14.75%
Total Settled Volume
$3,745,000
$3,950,000
$5,269,000
5.47%
33.39%
Avg SPrice/OPrice
91.06%
90.52%
95.04%
-0.59%
4.99%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
161
173
211
7.45%
21.97%
Average Settled Price
$221,000
$218,000
$251,000
-1.36%
15.14%
Median Settled Price
$195,000
$195,000
$199,000
0.00%
2.05%
Total Settled Volume
$35,667,000
$37,822,000
$52,996,000
6.04%
40.12%
Avg SPrice/OPrice
93.50%
94.30%
94.14%
0.86%
-0.17%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
131
109
115
-16.79%
5.50%
Average Settled Price
$277,000
$276,000
$254,000
-0.36%
-7.97%
Median Settled Price
$206,000
$215,000
$195,000
4.37%
-9.30%
Total Settled Volume
$36,390,000
$30,161,000
$29,281,000
-17.12%
-2.92%
Avg SPrice/OPrice
96.32%
96.42%
95.83%
0.10%
-0.61%
Bucks County, PA
Chester County, PA
©2016 TREND. Compiled 5/10/2016. Information deemed reliable, but not guaranteed. Non-members contact TREND for reprint permission. • 660 American Avenue, Suite 203 • King of Prussia, PA 19406 • 1-877-330-9900 • www.trendmls.com Page 3 of 7
Year-To-Date Market Snapshot: Condo, April 2016 Delaware County, PA YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
107
104
101
-2.80%
-2.88%
Average Settled Price
$202,000
$227,000
$175,000
12.38%
-22.91%
Median Settled Price
$162,000
$176,000
$150,000
8.64%
-14.77%
Total Settled Volume
$21,690,000
$23,617,000
$17,676,000
8.88%
-25.16%
Avg SPrice/OPrice
92.20%
93.17%
93.14%
1.05%
-0.03%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
211
219
264
3.79%
20.55%
Average Settled Price
$172,000
$178,000
$188,000
3.49%
5.62%
Median Settled Price
$147,000
$160,000
$162,000
8.84%
1.25%
Total Settled Volume
$36,478,000
$38,988,000
$49,863,000
6.88%
27.89%
Avg SPrice/OPrice
90.38%
91.54%
91.55%
1.28%
0.01%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
324
374
438
15.43%
17.11%
Average Settled Price
$441,000
$369,000
$396,000
-16.33%
7.32%
Median Settled Price
$290,000
$299,000
$316,000
3.10%
5.69%
Total Settled Volume
$142,965,000
$138,035,000
$173,647,000
-3.45%
25.80%
Avg SPrice/OPrice
92.43%
92.29%
94.23%
-0.15%
2.10%
Montgomery County, PA
Philadelphia County, PA
©2016 TREND. Compiled 5/10/2016. Information deemed reliable, but not guaranteed. Non-members contact TREND for reprint permission. • 660 American Avenue, Suite 203 • King of Prussia, PA 19406 • 1-877-330-9900 • www.trendmls.com Page 4 of 7
Year-To-Date Market Snapshot: Condo, April 2016 Schuylkill County, PA YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
0
0
1
0.00%
100.00%
Average Settled Price
$0
$0
$142,000
0.00%
100.00%
Median Settled Price
$0
$0
$142,000
0.00%
100.00%
Total Settled Volume
$0
$0
$142,000
0.00%
100.00%
Avg SPrice/OPrice
0.00%
0.00%
98.62%
0.00%
100.00%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
159
173
212
8.81%
22.54%
Average Settled Price
$138,000
$142,000
$142,000
2.90%
0.00%
Median Settled Price
$125,000
$137,000
$120,000
9.60%
-12.41%
Total Settled Volume
$22,035,000
$24,574,000
$30,165,000
11.52%
22.75%
Avg SPrice/OPrice
90.98%
92.79%
91.06%
1.99%
-1.86%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
118
104
125
-11.86%
20.19%
Average Settled Price
$159,000
$127,000
$124,000
-20.13%
-2.36%
Median Settled Price
$125,000
$117,000
$116,000
-6.40%
-0.85%
Total Settled Volume
$18,878,000
$13,283,000
$15,525,000
-29.64%
16.88%
Avg SPrice/OPrice
92.78%
91.30%
90.47%
-1.60%
-0.91%
Burlington County, NJ
Camden County, NJ
©2016 TREND. Compiled 5/10/2016. Information deemed reliable, but not guaranteed. Non-members contact TREND for reprint permission. • 660 American Avenue, Suite 203 • King of Prussia, PA 19406 • 1-877-330-9900 • www.trendmls.com Page 5 of 7
Year-To-Date Market Snapshot: Condo, April 2016 Cumberland County, NJ YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
3
5
1
66.67%
-80.00%
Average Settled Price
$98,000
$142,000
$150,000
44.90%
5.63%
Median Settled Price
$95,000
$105,000
$150,000
10.53%
42.86%
Total Settled Volume
$294,000
$711,000
$150,000
141.84%
-78.90%
Avg SPrice/OPrice
94.65%
99.34%
75.04%
4.96%
-24.46%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
71
57
70
-19.72%
22.81%
Average Settled Price
$139,000
$130,000
$127,000
-6.47%
-2.31%
Median Settled Price
$135,000
$128,000
$122,000
-5.19%
-4.69%
Total Settled Volume
$9,916,000
$7,443,000
$8,952,000
-24.94%
20.27%
Avg SPrice/OPrice
94.06%
94.03%
92.40%
-0.03%
-1.73%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
97
122
141
25.77%
15.57%
Average Settled Price
$225,000
$228,000
$233,000
1.33%
2.19%
Median Settled Price
$170,000
$187,000
$184,000
10.00%
-1.60%
Total Settled Volume
$21,892,000
$27,888,000
$32,874,000
27.39%
17.88%
Avg SPrice/OPrice
93.08%
93.69%
94.23%
0.66%
0.58%
Gloucester County, NJ
Mercer County, NJ
©2016 TREND. Compiled 5/10/2016. Information deemed reliable, but not guaranteed. Non-members contact TREND for reprint permission. • 660 American Avenue, Suite 203 • King of Prussia, PA 19406 • 1-877-330-9900 • www.trendmls.com Page 6 of 7
Year-To-Date Market Snapshot: Condo, April 2016 Salem County, NJ YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
0
1
0
100.00%
-100.00%
Average Settled Price
$0
$48,000
$0
100.00%
-100.00%
Median Settled Price
$0
$48,000
$0
100.00%
-100.00%
Total Settled Volume
$0
$48,000
$0
100.00%
-100.00%
Avg SPrice/OPrice
0.00%
0.00%
0.00%
0.00%
0.00%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
7
3
9
-57.14%
200.00%
Average Settled Price
$73,000
$60,000
$64,000
-17.81%
6.67%
Median Settled Price
$70,000
$46,000
$54,000
-34.29%
17.39%
Total Settled Volume
$512,000
$181,000
$578,000
-64.65%
219.34%
Avg SPrice/OPrice
89.74%
87.17%
91.10%
-2.86%
4.51%
YTD Apr 2014
YTD Apr 2015
YTD Apr 2016
2014/2015 Change
2015/2016 Change
Settled Units
104
113
122
8.65%
7.96%
Average Settled Price
$174,000
$153,000
$145,000
-12.07%
-5.23%
Median Settled Price
$125,000
$123,000
$123,000
-1.60%
0.00%
Total Settled Volume
$18,163,000
$17,392,000
$17,795,000
-4.24%
2.32%
Avg SPrice/OPrice
92.08%
90.51%
91.52%
-1.71%
1.12%
Kent County, DE
New Castle County, DE
©2016 TREND. Compiled 5/10/2016. Information deemed reliable, but not guaranteed. Non-members contact TREND for reprint permission. • 660 American Avenue, Suite 203 • King of Prussia, PA 19406 • 1-877-330-9900 • www.trendmls.com Page 7 of 7
