Jul 1, 2017 - statistical report is organized by county and contains valuable year-to-date ... This will give you new in
JULY 2017
The Year-to-Date Market Snapshot details key statistical information for single-family listings 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 single-family listings settled year-to-date (YTD) through the specified month and year. The average price that single-family 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 single-family 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 single-family 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 single-family 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 condominiums 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.
©2017 TREND. Compiled 8/10/2017. 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: Single-Family, July 2017 Bucks County, PA YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
3,884
4,028
4,256
3.71%
5.66%
Average Settled Price
$341,000
$338,000
$354,000
-0.88%
4.73%
Median Settled Price
$291,000
$295,000
$309,000
1.37%
4.75%
Total Settled Volume
$1,327,520,000
$1,364,016,000
$1,507,252,000
2.75%
10.50%
Avg SPrice/OPrice
94.33%
94.85%
95.82%
0.55%
1.02%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
2,497
2,799
2,752
12.09%
-1.68%
Average Settled Price
$159,000
$169,000
$173,000
6.29%
2.37%
Median Settled Price
$149,000
$155,000
$160,000
4.03%
3.23%
Total Settled Volume
$399,133,000
$473,785,000
$477,813,000
18.70%
0.85%
Avg SPrice/OPrice
92.33%
93.17%
94.68%
0.91%
1.62%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
3,620
3,653
3,883
0.91%
6.30%
Average Settled Price
$370,000
$371,000
$388,000
0.27%
4.58%
Median Settled Price
$321,000
$324,000
$342,000
0.93%
5.56%
Total Settled Volume
$1,342,377,000
$1,356,700,000
$1,509,929,000
1.07%
11.29%
Avg SPrice/OPrice
95.36%
95.32%
96.41%
-0.04%
1.14%
Berks County, PA
Chester County, PA
©2017 TREND. Compiled 8/10/2017. 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: Single-Family, July 2017 Delaware County, PA YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
3,369
3,703
3,896
9.91%
5.21%
Average Settled Price
$262,000
$258,000
$271,000
-1.53%
5.04%
Median Settled Price
$206,000
$205,000
$213,000
-0.49%
3.90%
Total Settled Volume
$885,919,000
$958,294,000
$1,056,553,000
8.17%
10.25%
Avg SPrice/OPrice
92.01%
92.73%
94.30%
0.78%
1.69%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
5,293
5,682
5,927
7.35%
4.31%
Average Settled Price
$320,000
$327,000
$347,000
2.19%
6.12%
Median Settled Price
$275,000
$280,000
$290,000
1.82%
3.57%
Total Settled Volume
$1,697,370,000
$1,862,803,000
$2,061,004,000
9.75%
10.64%
Avg SPrice/OPrice
94.29%
94.81%
95.78%
0.55%
1.02%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
592
591
633
-0.17%
7.11%
Average Settled Price
$98,000
$91,000
$98,000
-7.14%
7.69%
Median Settled Price
$74,000
$69,000
$77,000
-6.76%
11.59%
Total Settled Volume
$58,107,000
$54,295,000
$62,149,000
-6.56%
14.47%
Avg SPrice/OPrice
87.79%
88.18%
88.77%
0.44%
0.67%
Montgomery County, PA
Schuylkill County, PA
©2017 TREND. Compiled 8/10/2017. 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: Single-Family, July 2017 Philadelphia County, PA YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
7,369
8,292
8,768
12.53%
5.74%
Average Settled Price
$196,000
$205,000
$228,000
4.59%
11.22%
Median Settled Price
$147,000
$160,000
$175,000
8.84%
9.38%
Total Settled Volume
$1,448,382,000
$1,702,092,000
$2,004,471,000
17.52%
17.77%
Avg SPrice/OPrice
91.91%
93.25%
94.61%
1.46%
1.46%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
2,787
3,214
3,577
15.32%
11.29%
Average Settled Price
$258,000
$243,000
$237,000
-5.81%
-2.47%
Median Settled Price
$220,000
$215,000
$205,000
-2.27%
-4.65%
Total Settled Volume
$720,723,000
$781,890,000
$848,011,000
8.49%
8.46%
Avg SPrice/OPrice
92.83%
92.71%
93.61%
-0.13%
0.97%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
2,876
3,422
4,076
18.98%
19.11%
Average Settled Price
$192,000
$187,000
$187,000
-2.60%
0.00%
Median Settled Price
$170,000
$164,000
$165,000
-3.53%
0.61%
Total Settled Volume
$553,513,000
$643,291,000
$763,191,000
16.22%
18.64%
Avg SPrice/OPrice
91.94%
91.86%
92.89%
-0.09%
1.12%
Burlington County, NJ
Camden County, NJ
©2017 TREND. Compiled 8/10/2017. 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: Single-Family, July 2017 Cumberland County, NJ YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
396
512
535
29.29%
4.49%
Average Settled Price
$134,000
$128,000
$126,000
-4.48%
-1.56%
Median Settled Price
$133,000
$130,000
$124,000
-2.26%
-4.62%
Total Settled Volume
$53,304,000
$65,688,000
$67,520,000
23.23%
2.79%
Avg SPrice/OPrice
90.32%
90.96%
91.00%
0.71%
0.04%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
1,679
1,997
2,309
18.94%
15.62%
Average Settled Price
$203,000
$206,000
$196,000
1.48%
-4.85%
Median Settled Price
$190,000
$197,000
$185,000
3.68%
-6.09%
Total Settled Volume
$341,959,000
$412,793,000
$453,538,000
20.71%
9.87%
Avg SPrice/OPrice
93.06%
93.23%
92.98%
0.18%
-0.27%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
1,710
1,987
2,162
16.20%
8.81%
Average Settled Price
$361,000
$354,000
$339,000
-1.94%
-4.24%
Median Settled Price
$265,000
$251,000
$250,000
-5.28%
-0.40%
Total Settled Volume
$618,292,000
$703,422,000
$733,956,000
13.77%
4.34%
Avg SPrice/OPrice
92.54%
92.86%
93.53%
0.35%
0.72%
Gloucester County, NJ
Mercer County, NJ
©2017 TREND. Compiled 8/10/2017. 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: Single-Family, July 2017 Salem County, NJ YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
286
343
425
19.93%
23.91%
Average Settled Price
$147,000
$145,000
$128,000
-1.36%
-11.72%
Median Settled Price
$140,000
$135,000
$115,000
-3.57%
-14.81%
Total Settled Volume
$42,138,000
$49,942,000
$54,663,000
18.52%
9.45%
Avg SPrice/OPrice
88.19%
87.52%
87.02%
-0.76%
-0.57%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
1,047
1,089
1,294
4.01%
18.82%
Average Settled Price
$199,000
$205,000
$203,000
3.02%
-0.98%
Median Settled Price
$194,000
$200,000
$200,000
3.09%
0.00%
Total Settled Volume
$209,178,000
$223,423,000
$262,842,000
6.81%
17.64%
Avg SPrice/OPrice
94.41%
95.43%
94.96%
1.08%
-0.49%
YTD Jul 2015
YTD Jul 2016
YTD Jul 2017
2015/2016 Change
2016/2017 Change
Settled Units
3,253
3,487
3,934
7.19%
12.82%
Average Settled Price
$245,000
$248,000
$249,000
1.22%
0.40%
Median Settled Price
$223,000
$225,000
$225,000
0.90%
0.00%
Total Settled Volume
$797,146,000
$865,389,000
$981,896,000
8.56%
13.46%
Avg SPrice/OPrice
94.37%
94.63%
95.15%
0.28%
0.55%
Kent County, DE
New Castle County, DE
©2017 TREND. Compiled 8/10/2017. 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
