local market conditions: summary - learning library...

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Local Market Conditions: SummaryThe Local Market Conditions tables summarize trends and statistics in the local market: the area around the subject property that was searched for comps in the SalesComparison Analysis.

Results shown in this report are derived from a search of MLS records for 3 to 5 bedroom, 1 to 3 bathroom, 1,125 to 1,875 sq. ft., single family residence listings locatedwithin 0.8 miles of the subject property.

Inventory Analysis Last 7-12 Months(6-month period)

Last 4-6 Months(3-month period)

Last 3 Months(3-month period)

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Sales – – – – 2 –Absorption Rate (sales/month) – – – – 0.67 –Total # of Active Listings (on last day) 2 200% 4 50% 2 100%Months of Housing Supply – – – – 3 –

Median Comp Sales Price – – – – $167,450 –Median Comp Sales Days in RPR 193 78% 151 98% 148 77%Median Comp Listing Price $234,945 72% $169,945 104% $176,200 75%Median Comp Listing Days in RPR – – – – – –Median Sales Price as % of List Price – – – – 0.99% –

Comparable Propertiesin Local Market

Currentlyfor Sale

Sales Within theLast 12 Months

Count 2 2Range $82,500 – $269,900 $139,900 – $195,000Average $176,200 $167,450Median $82,500 $139,900

Property Attributes Minimum Maximum Average

Year Built 1940 1976 1956Living Area (sq ft) 930 2,590 1,836Lot Size 13,068 78,408 43,342# Samples 4 – –

File ID: 5569 N Route 44 Hwy, Jersey Shore, PA 17740

Copyright 2015 Realtors Property Resource® LLC. All Rights Reserved. Information isnot guaranteed. Equal Housing Opportunity.

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Local Market Conditions: Sales of Similar-Size PropertiesThese tables show the sales trends for properties similar in size to the subject property in the local market: the area around the subject property that was searched forcomps in the Sales Comparison Analysis. They are calculated in variations that include and exclude distressed listings.


INCLUDINGDistressed Listings




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WITHOUT Distressed ListingsSales – – – – 2 –Absorption Rate (sales/month) – – – – 0.67 –Total # of Active Listings (on last day) 2 200% 4 50% 2 100%Months of Housing Supply – – – – 3 –


ONLY Distressed ListingsSales – – – – – –Absorption Rate (sales/month) – – – – – –Total # of Active Listings (on last day) – – – – – –Months of Housing Supply – – – – – –

Median Comp Sales Price – – – – – –Median Comp Sales Days in RPR – – – – – –Median Comp Listing Price – – – – – –Median Comp Listing Days in RPR – – – – – –Median Sales Price as % of List Price – – – – – –



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Local Market Conditions: Sales of Single Family HomesThese tables show the sales trends for all properties similar in type to the subject property in the local market: the area around the subject property that was searched forcomps in the Sales Comparison Analysis. They are calculated in variations that include and exclude distressed listings.


INCLUDINGDistressed Listings




Trend(Total)



WITHOUT Distressed ListingsSales – – – – 1 –Absorption Rate (sales/month) – – – – 0.33 –Total # of Active Listings (on last day) 2 100% 2 50% 1 50%Months of Housing Supply – – – – 3 –


ONLY Distressed ListingsSales – – – – – –Absorption Rate (sales/month) – – – – – –Total # of Active Listings (on last day) – – – – – –Months of Housing Supply – – – – – –

Median Comp Sales Price – – – – – –Median Comp Sales Days in RPR – – – – – –Median Comp Listing Price – – – – – –Median Comp Listing Days in RPR – – – – – –Median Sales Price as % of List Price – – – – – –



Price / sq ftTrend

Price per Square FootThis graph compares the local market'smedian estimated home value per squarefoot with sample properties in the market.

Sale PriceTrend

Median Sales PriceThis graph compares the local market'smedian sales price with the sales price forthe sample properties in the market.

ListingsSales

Total Sales and ListingsThis graph compares the number of saleswith the number of listings in the localmarket.

Listing PriceSales Price

List Price vs. Sales PriceThis graph compares the median listingprice with the sales price in the localmarket.



Days in RPR

Median Days in RPRThis graph displays the median days inRPR in the local market.

RVMSales Price

Sales Price vs. RVMThis graph compares the sales price withthe RVM in the local market.

Absorption Rate

Absorption RateThis chart shows the trend in absorptionrate in the local market.



Median Estimated ValueMedian List Price

Median Estimated Home Valuevs. Median Listing PriceThis chart compares a ZIP code's medianestimated home value with its medianlisting price. Estimated home values aregenerated by a valuation model and are notformal appraisals.Data Source: Public records data; listingprice data from on- and off-market listingssourcesUpdate Frequency: Monthly

Median Sales PriceSales Volume

Median Sales Price vs. SalesVolumeThis chart compares the price trend andsales volume for homes in an area. Homeprices typically follow sales volume, with atime lag, since sales activity is the driverbehind price movements.Data Source: Public records dataUpdate Frequency: Monthly

General Market Health Charts



Median List PriceListing Volume

Median Listing Price vs. ListingVolumeThis chart compares the listing price andlisting volume for homes in an area. Listingprices often follow listing volume, with atime lag, because supply can drive pricemovements.Data Source: On- and off-market listingssourcesUpdate Frequency: Monthly

ZIP Count Listings by PropertyType

Listing InventoryThis chart shows the number of activelistings in a ZIP code.Data Source: On- and off-market listingssourcesUpdate Frequency: Daily

This HouseComps

Price per Bedroom of HomesSoldThis chart shows the distribution of homesreported sold in the past six months atdifferent prices per bedroom in the area ofyour search. The amount shown for thesubject property is sold data whereavailable, or the property's estimated valuewhen sales data are unavailable (such as anon-disclosure state) or provided in rangeformat.Data Source: Public records and MLS datawhere licensedUpdate Frequency: Monthly



This HouseComps

Median Sales Price by SquareFootageThis chart shows the median price ofhomes reported sold in the past sixmonths, according to the size of the livingspace, in the area of your search. Theamount shown for the subject property issold data where available, or the property'sestimated value when sales data areunavailable (such as a non-disclosurestate) or provided in range format.Data Source: Public records and MLS datawhere licensedUpdate Frequency: Monthly

This HouseComps17740

Price Range of Homes SoldThis chart shows the distribution of homesreported sold in the past six months withindifferent price ranges in the area of yoursearch. The amount shown for the subjectproperty is sold data where available, or theproperty's estimated value when sales dataare unavailable (such as a non-disclosurestate) or provided in range format.Data Source: Public records dataUpdate Frequency: Monthly

This HouseComps

Price per Square Foot ofHomes SoldThis chart shows the distribution of homesreported sold in the past six months atdifferent prices per square foot in the areaof your search.Data Source: Public records dataUpdate Frequency: Monthly

This HouseComps

Age Range of Homes SoldThis chart shows the distribution of homesreported sold in the past six months ofdifferent age ranges in the area of yoursearch.Data Source: Public records dataUpdate Frequency: Monthly



Sales Count by Bedroom

Number of Bedrooms inHomes SoldThis chart shows the distribution of homesreported sold in the past six months,according to the number of bedrooms, inthe area of your search.Data Source: Public records dataUpdate Frequency: Monthly

Inventory of Distressed Listings

Inventory of DistressedListingsThis chart shows the count of distressedproperties (all stages of foreclosure) thatare for sale in a ZIP code.Data Source: Public records and MLS datawhere licensedUpdate Frequency: Daily



Estimated Home Values

This map layer shows the average estimated home values, based on the AVMs and RVMs® for properties in an area. Source(s): Public records and MLS data wherelicensed; updated Quarterly.

12-Month Change in Estimated Value

This map layer shows the change in estimated home values over the past 12 months, based on the AVMs and RVMs® for properties in an area. Source(s): Publicrecords and MLS data where licensed; updated Quarterly.



Estimated Value per Square Foot

This map layer shows average estimated value per square foot of homes, based on the AVMs and RVMs® for properties in an area. Source(s): Public records and MLSdata where licensed; updated Quarterly.



LEGEND: Subject Property Pending Listing Expired Listing Distressed Recent Sale

Market Snapshot: All Single Detached Homes Within 0.8 milesResults shown in this report are derived from a search of MLS records for 3 to 5 bedroom, 1 to 3 bathroom, 1,125 to 1,875 sq. ft., single family residence listings locatedwithin 0.8 miles of the subject property.




Active Listings 2 4 2

Pending Sales – – –

Expired Listings – – –

Recent Sales – – 2

Distressed Properties – – –



Listing Courtesy of West Branch Valley Board Of REALTORS® MLS


Active Listings: 2

Address Status DateListingID

PropType

Bed/Ba

LivingArea(sq ft)

LotSize(sq ft)

YearBuilt

{0}Date

ListingPrice

PricePer

Sq Ft

120 Pine Ln Active: 3/27/2015 3/27/2015 WB-73617

Single FamilyResidence

4/3 2,544 sqft

21,780 1950 3/27/2015 $269,900 $106

5944 N Route 44 Hwy Active: 6/22/2015 6/22/2015 WB-74547


2/1 930 sq ft 13,068 1940 6/22/2015 $82,500 $89





Recent Sales: 2

Address Status DateListingID

PropType

Bed/Ba

LivingArea(sq ft)

LotSize(sq ft)

YearBuilt

{0}Date

ListingPrice

PricePer

Sq Ft

5330 N Route 44 Hwy Sold Date: 10/5/2015 MLS listing WB-74515, 6/16/201510/5/2015 WB-74515


3/2 1,280 sqft

78,408 1958 6/16/2015 $139,900 $109

5569 N Route 44 Hwy Sold Date: 10/2/2015 MLS listing WB-73561, 3/21/201510/2/2015 WB-73561


4/2 2,590 sqft

60,113 1976 3/21/2015 $195,000 $75



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