8/3/2019 Market Action Report Rye City - Nov2011

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November 2011

Price Range: All | Properties: Single Family

Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year

Median List Price of all Current Listings -2% 51%

Average List Price of all Current Listings 4% 20%

November Median Sales Price 34% 116% 284% 167% 19% 19%

November Average Sales Price 32% 47% 264% 99% 15% 15%

Total Properties Currently for Sale (Inventory) -14% 3%

November Number of Properties Sold -29% 150% -11%

November Average Days on Market (Solds) 130% 107% 359% 137% -15% -14%

Asking Price per Square Foot (based on New Listings) 8% 10% 48% 30% 5% 4%

November Sold Price per Square Foot 38% 31% 60% 46% 7% 8%

November Month's Supply of Inventory 20% 29% -59% 31% -15% -10%

November Sale Price vs List Price Ratio 1.3% .7% -.1% -2.4% -.5% -.5%

Property SalesNovember Property sales were 5, up 150.0% from 2 inNovember of 2010 and 28.6% lower than the 7 saleslast month. November 2011 sales were at a mid levelcompared to November of 2010 and 2009.November YTD sales of 125 are running 10.7%behind last year's year-to-date sales of 140.

12.0 8.392.9% 94.7%

* 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

280 102$696 $557$732 $541

$3,030,500 $1,750,01960

5 125

$1,797,000

$2,288,755$3,200,000 $1,430,000

MARKET ACTION REPORTMLS Area: Rye City

Trending versus*: Trending versus*:

Month YTD

4 2 35

2

1 0 1

1

2 1

1 1 1

2

1 0

7

1 2

5

9 9

1 4

1 3

2 7

2 2

1 8

8

1 3

2

1 1

7

9

7

1 1

9

1 8

2 6

1 4

1 2

7

0

5

10

15

20

2530

D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

3 Mo Avg

Michele C. Flood

Associate Broker

Michele.Flood@CBmoves.com914-420-6468 cell

Prices

Inventory & MSIThe Total Inventory of Properties available for sale as of November was 60, down 14.3% from 70 last month andup 3.4% from 58 in November of last year. November2011 Inventory was at a mid level compared withNovember of 2010 and 2009.

Data is provided courtesy of Empire Access Multiple Listing Service, Inc. and may not reflect all relevant real estate activity.does not warrant or guarantee 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

Median Sales Price and Average Sales Price

The Median Sales Price in November was$3,200,000, up 284.4% from $832,500 in Novemberof 2010 and up 33.6% from $2,395,000 last month.The Average Sales Price in November was$3,030,500, up 264.0% from $832,500 in Novemberof 2010 and up 31.8% from $2,299,821 last month.November 2011 ASP was at the highest levelcompared to November of 2010 and 2009.

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

A comparatively lower MSI is more beneficial for sellerswhile a higher MSI is better for buyers. The November2011 MSI of 12.0 months was at its lowest level comparedwith November of 2010 and 2009.

Copyright © | Price Range: All | Property Types: Single Family

4 2 35

2

1 0 1

1 1 1 1

2

1 0

7

1 2

5

9 9 8

2

1 1

7

9

7

1 1

9

1 2

7

0

5

D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

600

1,100

1,600

2,100

2,600

3,100

D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

Median means Middle (the same # of properties sold above and below the Median)

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

7 6

8 7

1 0 3 1

1 3 1

2 4

1 1 9

1 1 8

1 1 8

1 1 8

1 0 9

1 0 0

9 1

7 3 7

6 7 6

8 5

1 0 3

1 1 7

1 0 4

9 1

8 4

8 1

7 2

5 8

3 9

5 7

7 0

8 1

9 6

1 1 0

9 7

9 3

7 9

7 1

7 0

6 0

0

20

40

60

80

100

120

140

D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

(000's) 3 Mo Avg

8/3/2019 Market Action Report Rye City - Nov2011

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November 2011

Price Range: All | Properties: Single Family

Market Time

Selling Price per Square FootThe Selling Price per Square Foot is a great indicator for

the direction of Property values. Since Median SalesPrice and Average Sales price can be impacted by the'mix' of high or low end Properties in the market, theselling price per square foot is a more normalizedindicator on the direction of Property values. TheNovember 2011 Selling Price per Square Foot of $732was up 38.4% from $529 last month and up 59.8% from458 in November of last year.

MARKET ACTION REPORT

MLS Area: Rye City

Days On Market for Sold Properties

The average Days On Market (DOM) shows how many days the average Property is on the market before itsells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downwardtrend a move towards more of a Seller's market. TheDOM for November was 280, up 129.5% from 122 dayslast month and up 359.0% from 61 days in November of last year. The November 2011 DOM was at a mid levelcompared with November of 2010 and 2009.

Selling Price per Square Foot

169

61

280

0

50

100

150

200

250

300

D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

Average Days on Market (Listing to Contract) for properties sold during the month

504

458

732

400

450

500

550

600

650700

750

D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

3 Mo Avg

Michele C. Flood

Associate Broker

Michele.Flood@CBmoves.com914-420-6468 cell

Selling Price vs Original Listing Price

Inventory / New Listings / Sales

Data is provided courtesy of Empire Access Multiple Listing Service, Inc. and may not reflect all relevant real estate activity.does not warrant or guarantee 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.

Selling Price versus Listing Price Ratio

The Selling Price vs Original Listing Price reveals theaverage amount that Sellers are agreeing to come downfrom their original list price. The lower the ratio isbelow 100% the more of a Buyer's market exists, a ratioat or above 100% indicates more of a Seller's market.The November 2011 Selling Price vs Original List Priceof 92.9% was up from 91.7% last month and down from93.0% in November of last year.

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listingsand Sales. The graph shows the basic annualseasonality of the market as well as the relationshipbetween these items. The number of New Listings inNovember 2011 was 11, up 22.2% from 9 last month andequal to 11 in November of last year.

Copyright © | Price Range: All | Property Types: Single Family

400D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

91.6%93.0% 92.9%

85%

87%

89%

91%

93%

95%

97%

99%

D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

Avg Selling Price divided by Avg Listing Price for sold properties during the month

7 6

8 7

1 0 3 1

1 3 1

2 4

1 1 9

1 1 8

1 1 8

1 1 8

1 0 9

1 0 0

9 1

7 3 7

6 7 6

8 5

1 0 3

1 1 7

1 0 4

9 1

8 4

8 1

7 2

5 8

3 9

5 7

7 0

8 1

9 6

1 1 0

9 7

9 3

7 9

7 1

7 0

0

20

40

60

80

100

120140

D08

J09

F M A M J J A S O N D J10

F M A M J J A S O N D J11

F M A M J J A S O N

Inventory New Listings Sales

3 Mo Avg