Apr 1, 2018 - Avg SPrice/OPrice. 92.31%. 92.57%. 0.28%. 1.58%. 94.03%. 2016/2017. Change. 2017/2018. Change. YTD. YTD. Y
APRIL 2018
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 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
Average Settled Price
The number of condominium listings settled year-to-date (YTD) through the specified month and year. The average price that condominium 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 condominium 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 condominium 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 condominium 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 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.
©2018 TREND. Compiled 5/30/2018. 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 2018 Bucks County, PA YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
211
205
173
-2.84%
-15.61%
Average Settled Price
$251,000
$262,000
$226,000
4.38%
-13.74%
Median Settled Price
$199,000
$200,000
$195,000
0.50%
-2.50%
Total Settled Volume
$52,996,000
$53,912,000
$39,169,000
1.73%
-27.35%
Avg SPrice/OPrice
94.14%
94.92%
95.52%
0.83%
0.63%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
38
42
42
10.53%
0.00%
Average Settled Price
$144,000
$117,000
$105,000
-18.75%
-10.26%
Median Settled Price
$140,000
$116,000
$86,000
-17.14%
-25.86%
Total Settled Volume
$5,509,000
$4,946,000
$4,411,000
-10.22%
-10.82%
Avg SPrice/OPrice
95.17%
92.97%
93.65%
-2.31%
0.73%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
114
128
104
12.28%
-18.75%
Average Settled Price
$254,000
$222,000
$226,000
-12.60%
1.80%
Median Settled Price
$195,000
$195,000
$189,000
0.00%
-3.08%
Total Settled Volume
$28,991,000
$28,520,000
$23,586,000
-1.62%
-17.30%
Avg SPrice/OPrice
95.79%
96.36%
96.20%
0.60%
-0.17%
Berks County, PA
Chester County, PA
©2018 TREND. Compiled 5/30/2018. 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 2018 Delaware County, PA YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
102
125
118
22.55%
-5.60%
Average Settled Price
$175,000
$235,000
$251,000
34.29%
6.81%
Median Settled Price
$150,000
$172,000
$180,000
14.67%
4.65%
Total Settled Volume
$17,931,000
$29,455,000
$29,618,000
64.27%
0.55%
Avg SPrice/OPrice
93.15%
94.61%
96.80%
1.57%
2.31%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
270
277
291
2.59%
5.05%
Average Settled Price
$188,000
$192,000
$217,000
2.13%
13.02%
Median Settled Price
$163,000
$160,000
$166,000
-1.84%
3.75%
Total Settled Volume
$50,826,000
$53,310,000
$63,178,000
4.89%
18.51%
Avg SPrice/OPrice
91.56%
93.07%
94.92%
1.65%
1.99%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
1
0
2
-100.00%
100.00%
Average Settled Price
$142,000
$0
$163,000
-100.00%
100.00%
Median Settled Price
$142,000
$0
$78,000
-100.00%
100.00%
Total Settled Volume
$142,000
$0
$326,000
-100.00%
100.00%
Avg SPrice/OPrice
98.62%
0.00%
91.20%
-100.00%
100.00%
Montgomery County, PA
Schuylkill County, PA
©2018 TREND. Compiled 5/30/2018. 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 2018 Philadelphia County, PA YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
461
479
528
3.90%
10.23%
Average Settled Price
$402,000
$422,000
$433,000
4.98%
2.61%
Median Settled Price
$317,000
$335,000
$329,000
5.68%
-1.79%
Total Settled Volume
$185,459,000
$202,569,000
$228,646,000
9.23%
12.87%
Avg SPrice/OPrice
94.29%
94.48%
95.25%
0.20%
0.81%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
213
227
257
6.57%
13.22%
Average Settled Price
$142,000
$145,000
$161,000
2.11%
11.03%
Median Settled Price
$122,000
$128,000
$136,000
4.92%
6.25%
Total Settled Volume
$30,436,000
$33,049,000
$41,579,000
8.59%
25.81%
Avg SPrice/OPrice
91.07%
93.81%
95.12%
3.01%
1.40%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
128
145
114
13.28%
-21.38%
Average Settled Price
$122,000
$118,000
$131,000
-3.28%
11.02%
Median Settled Price
$110,000
$105,000
$111,000
-4.55%
5.71%
Total Settled Volume
$15,645,000
$17,140,000
$15,024,000
9.56%
-12.35%
Avg SPrice/OPrice
90.62%
90.31%
91.46%
-0.34%
1.27%
Burlington County, NJ
Camden County, NJ
©2018 TREND. Compiled 5/30/2018. 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 2018 Cumberland County, NJ YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
1
5
10
400.00%
100.00%
Average Settled Price
$150,000
$96,000
$135,000
-36.00%
40.62%
Median Settled Price
$150,000
$100,000
$124,000
-33.33%
24.00%
Total Settled Volume
$150,000
$481,000
$1,351,000
220.67%
180.87%
Avg SPrice/OPrice
75.04%
86.91%
96.03%
15.82%
10.49%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
69
78
89
13.04%
14.10%
Average Settled Price
$127,000
$134,000
$135,000
5.51%
0.75%
Median Settled Price
$122,000
$122,000
$128,000
0.00%
4.92%
Total Settled Volume
$8,795,000
$10,522,000
$12,034,000
19.64%
14.37%
Avg SPrice/OPrice
92.31%
92.57%
94.03%
0.28%
1.58%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
143
150
135
4.90%
-10.00%
Average Settled Price
$233,000
$225,000
$221,000
-3.43%
-1.78%
Median Settled Price
$185,000
$172,000
$187,000
-7.03%
8.72%
Total Settled Volume
$33,324,000
$33,889,000
$29,864,000
1.70%
-11.88%
Avg SPrice/OPrice
94.36%
94.40%
95.00%
0.04%
0.64%
Gloucester County, NJ
Mercer County, NJ
©2018 TREND. Compiled 5/30/2018. 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 2018 Salem County, NJ YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
0
0
2
0.00%
100.00%
Average Settled Price
$0
$0
$74,000
0.00%
100.00%
Median Settled Price
$0
$0
$70,000
0.00%
100.00%
Total Settled Volume
$0
$0
$149,000
0.00%
100.00%
Avg SPrice/OPrice
0.00%
0.00%
93.80%
0.00%
100.00%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
9
5
6
-44.44%
20.00%
Average Settled Price
$64,000
$153,000
$73,000
139.06%
-52.29%
Median Settled Price
$54,000
$122,000
$58,000
125.93%
-52.46%
Total Settled Volume
$578,000
$768,000
$439,000
32.87%
-42.84%
Avg SPrice/OPrice
91.10%
83.64%
94.13%
-8.19%
12.54%
YTD Apr 2016
YTD Apr 2017
YTD Apr 2018
2016/2017 Change
2017/2018 Change
Settled Units
122
141
137
15.57%
-2.84%
Average Settled Price
$145,000
$148,000
$141,000
2.07%
-4.73%
Median Settled Price
$123,000
$120,000
$121,000
-2.44%
0.83%
Total Settled Volume
$17,795,000
$20,953,000
$19,332,000
17.75%
-7.74%
Avg SPrice/OPrice
91.52%
92.29%
94.31%
0.84%
2.19%
Kent County, DE
New Castle County, DE
©2018 TREND. Compiled 5/30/2018. 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
