Nov 1, 2013 - Compiled 12/12/2013. Information deemed .... 19.95%. 6.38%. $67,740,000. Avg SPrice/OPrice. 89.90%. 88.75%
NOVEMBER 2013
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.
©2013 TREND. Compiled 12/12/2013. 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, November 2013 Bucks County, PA YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
409
452
553
10.51%
22.35%
Average Settled Price
$221,000
$217,000
$221,000
-1.81%
1.84%
Median Settled Price
$200,000
$190,000
$190,000
-5.00%
0.00%
Total Settled Volume
$90,664,000
$98,172,000
$122,688,000
8.28%
24.97%
Avg SPrice/OPrice
91.22%
92.28%
93.71%
1.16%
1.55%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
88
97
88
10.23%
-9.28%
Average Settled Price
$125,000
$116,000
$131,000
-7.20%
12.93%
Median Settled Price
$110,000
$107,000
$122,000
-2.73%
14.02%
Total Settled Volume
$11,034,000
$11,287,000
$11,607,000
2.29%
2.84%
Avg SPrice/OPrice
88.58%
87.81%
92.26%
-0.87%
5.07%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
250
334
460
33.60%
37.72%
Average Settled Price
$227,000
$232,000
$249,000
2.20%
7.33%
Median Settled Price
$195,000
$198,000
$208,000
1.54%
5.05%
Total Settled Volume
$56,801,000
$77,757,000
$114,964,000
36.89%
47.85%
Avg SPrice/OPrice
92.67%
93.95%
95.25%
1.38%
1.38%
Berks County, PA
Chester County, PA
©2013 TREND. Compiled 12/12/2013. 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, November 2013 Delaware County, PA YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
237
284
340
19.83%
19.72%
Average Settled Price
$209,000
$196,000
$184,000
-6.22%
-6.12%
Median Settled Price
$150,000
$156,000
$150,000
4.00%
-3.85%
Total Settled Volume
$49,595,000
$55,717,000
$62,727,000
12.34%
12.58%
Avg SPrice/OPrice
89.55%
89.13%
89.90%
-0.47%
0.86%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
556
631
728
13.49%
15.37%
Average Settled Price
$193,000
$184,000
$185,000
-4.66%
0.54%
Median Settled Price
$164,000
$160,000
$162,000
-2.44%
1.25%
Total Settled Volume
$107,521,000
$116,638,000
$135,329,000
8.48%
16.02%
Avg SPrice/OPrice
89.50%
89.90%
91.65%
0.45%
1.95%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
912
1,000
1,222
9.65%
22.20%
Average Settled Price
$321,000
$334,000
$363,000
4.05%
8.68%
Median Settled Price
$255,000
$260,000
$276,000
1.96%
6.15%
Total Settled Volume
$292,769,000
$334,424,000
$444,220,000
14.23%
32.83%
Avg SPrice/OPrice
89.36%
90.58%
93.13%
1.37%
2.82%
Montgomery County, PA
Philadelphia County, PA
©2013 TREND. Compiled 12/12/2013. 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, November 2013 Burlington County, NJ YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
326
440
486
34.97%
10.45%
Average Settled Price
$162,000
$144,000
$139,000
-11.11%
-3.47%
Median Settled Price
$150,000
$135,000
$127,000
-10.00%
-5.93%
Total Settled Volume
$53,085,000
$63,677,000
$67,740,000
19.95%
6.38%
Avg SPrice/OPrice
89.90%
88.75%
90.56%
-1.28%
2.04%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
221
241
343
9.05%
42.32%
Average Settled Price
$131,000
$132,000
$139,000
0.76%
5.30%
Median Settled Price
$120,000
$120,000
$128,000
0.00%
6.67%
Total Settled Volume
$29,104,000
$31,822,000
$47,766,000
9.34%
50.10%
Avg SPrice/OPrice
86.40%
88.07%
90.82%
1.93%
3.12%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
6
8
11
33.33%
37.50%
Average Settled Price
$142,000
$95,000
$106,000
-33.10%
11.58%
Median Settled Price
$114,000
$88,000
$95,000
-22.81%
7.95%
Total Settled Volume
$856,000
$760,000
$1,167,000
-11.21%
53.55%
Avg SPrice/OPrice
85.19%
81.98%
95.95%
-3.77%
17.04%
Camden County, NJ
Cumberland County, NJ
©2013 TREND. Compiled 12/12/2013. 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, November 2013 Gloucester County, NJ YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
129
173
184
34.11%
6.36%
Average Settled Price
$141,000
$129,000
$133,000
-8.51%
3.10%
Median Settled Price
$135,000
$125,000
$128,000
-7.41%
2.40%
Total Settled Volume
$18,190,000
$22,415,000
$24,597,000
23.23%
9.73%
Avg SPrice/OPrice
90.54%
89.97%
93.91%
-0.63%
4.38%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
302
377
444
24.83%
17.77%
Average Settled Price
$267,000
$235,000
$248,000
-11.99%
5.53%
Median Settled Price
$200,000
$200,000
$188,000
0.00%
-6.00%
Total Settled Volume
$80,714,000
$88,890,000
$110,164,000
10.13%
23.93%
Avg SPrice/OPrice
91.34%
91.91%
94.30%
0.62%
2.60%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
0
0
0
0.00%
0.00%
Average Settled Price
$0
$0
$0
0.00%
0.00%
Median Settled Price
$0
$0
$0
0.00%
0.00%
Total Settled Volume
$0
$0
$0
0.00%
0.00%
Avg SPrice/OPrice
0.00%
0.00%
0.00%
0.00%
0.00%
Mercer County, NJ
Salem County, NJ
©2013 TREND. Compiled 12/12/2013. 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, November 2013 Kent County, DE YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
8
5
14
-37.50%
180.00%
Average Settled Price
$85,000
$85,000
$102,000
0.00%
20.00%
Median Settled Price
$70,000
$67,000
$70,000
-4.29%
4.48%
Total Settled Volume
$684,000
$427,000
$1,435,000
-37.57%
236.07%
Avg SPrice/OPrice
84.98%
81.52%
83.81%
-4.07%
2.81%
YTD Nov 2011
YTD Nov 2012
YTD Nov 2013
2011/2012 Change
2012/2013 Change
Settled Units
219
287
317
31.05%
10.45%
Average Settled Price
$154,000
$143,000
$158,000
-7.14%
10.49%
Median Settled Price
$126,000
$110,000
$125,000
-12.70%
13.64%
Total Settled Volume
$33,896,000
$41,245,000
$50,159,000
21.68%
21.61%
Avg SPrice/OPrice
86.46%
88.71%
91.99%
2.60%
3.70%
New Castle County, DE
©2013 TREND. Compiled 12/12/2013. 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
