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8/4/2019 Ellington Market Report Last 12months 9-5-11
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MARKET ACTION REPORT
August 201
City: EllingtonJeremy JoslinSouth Windsor Realtor -
SFR(860)[email protected]
Price Range: ALL | Properties: Single Family Home, Townhome,
Condo
Based on information from Connecticut Multiple Listing Service,
Inc. for the period 9/1/2008 through 8/31/2011. Due to MLS
reporting methods and allowablereporting policy, this data is only
informational and may not be completely accurate. Therefore,
Coldwell Banker Residential Brokerage does not guarantee the
dataaccuracy. Data maintained by the MLS's may not reflect all real
estate activity in the market.
Trending Versus*: Trending Versus*:Market Profile & Trends
Overview Month LM L3M PYM LY YTD PriorYTD PriorY
Median List Price of all Current Listings $299,000 1% 2% Average
List Price of all Current Listings $344,287 2% 3% ugust Median
Sales Price $315,500 8% 17% -7% 24% $249,000 -7%
August Average Sales Price $339,671 24% 14% -3% 16% $283,402
-5%Total Properties Currently for Sale (Inventory) 139 -8% 9% ugust
Number of Properties Sold 14 133% 180% 65 -29%
August Average Days on Market (Solds) 79 -4% 10% 20% 16% 77
3%August Month's Supply of Inventory 9.9 -61% -39% -61% -22% 18.4
38%August Sale Price vs List Price Ratio 97.1% -1.1% -1% 3% 97.4%
0.4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year
/ LY=Last Year / YTD = Year-to-date
Property Sales
August Property sales were 14, up 180.0% from 5 in August of
2010 and 133.3% higher than the 6 sales last month. August 2011
sales wt a mid level compared to August of 2010 and 2009. August
YTD sales of 65 are running -28.6% behind last year's year-to-date
sales of 9
Prices
The Median Sales Price in August was $315,500, down -7.2% from
$340,000 in August of 2010 and up 7.9% from $292,500 last month.
TAverage Sales Price in August was $339,671, down -2.5% from
$348,299 in August of 2010 and up 24.0% from $273,833 last month.
Au
011 ASP was at a mid range compared to August of 2010 and
2009.
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8/4/2019 Ellington Market Report Last 12months 9-5-11
2/3
MARKET ACTION REPORT
August 201
City: EllingtonJeremy JoslinSouth Windsor Realtor -
SFR(860)[email protected]
Price Range: ALL | Properties: Single Family Home, Townhome,
Condo
Based on information from Connecticut Multiple Listing Service,
Inc. for the period 9/1/2008 through 8/31/2011. Due to MLS
reporting methods and allowablereporting policy, this data is only
informational and may not be completely accurate. Therefore,
Coldwell Banker Residential Brokerage does not guarantee the
dataaccuracy. Data maintained by the MLS's may not reflect all real
estate activity in the market.
Inventory & MSI
The Total Inventory of Properties available for sale as of
August was 139, down -7.9% from 151 last month and up 8.6% from 128
in Auguast year. August 2011 Inventory was at highest level
compared to August of 2010 and 2009.
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is better for buyers. The August 2011 MSI of 9.9 months
wamid range compared with August of 2010 and 2009.
Market Time
The average Days On Market(DOM) shows how many days the average
Property is on the Market before it sells. An upward trend in
DOMends to indicate a move towards more of a Buyer's market, a
downward trend a move towards more of a Seller's market. The DOM
for Au
was 79, down -3.7% from 82 days last month and up 19.7% from 66
days in August of last year. The August 2011 DOM was at its
highesevel compared with August of 2010 and 2009.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their original
list price.The lower the ratio is below 100% the more of a Buyer's
market exists, a ratio at or above 100% indicates more of a
Seller's market. TheAugust 2011 Selling Price vs Original List
Price of 97.1% was down from 98.2% last month and up from 94.5% in
August of last year.
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8/4/2019 Ellington Market Report Last 12months 9-5-11
3/3
MARKET ACTION REPORT
August 201
City: EllingtonJeremy JoslinSouth Windsor Realtor -
SFR(860)[email protected]
Price Range: ALL | Properties: Single Family Home, Townhome,
Condo
Based on information from Connecticut Multiple Listing Service,
Inc. for the period 9/1/2008 through 8/31/2011. Due to MLS
reporting methods and allowablereporting policy, this data is only
informational and may not be completely accurate. Therefore,
Coldwell Banker Residential Brokerage does not guarantee the
dataaccuracy. Data maintained by the MLS's may not reflect all real
estate activity in the market.
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the bnnual seasonality of the market as well as the
relationship between these items. The number of New Listings in
August 2011 was 14, dow
3.3% from 21 last month and down -48.1% from 27 in August of
last year.
