Watercolor Market Report Statistics
Watercolor Market Report Statistics
Watercolor numbers look good for the month of August although the year-to-date statistics are average.
- Absorption rate dropped 28.07% year-over-year to 7.97 months from 11.08 months reducing inventory.
- Average list price is up 16.89% to $2,090,028 from last year’s price of $1,788,014.
- Average sale price jumped 40.11% to $1,579,722 against $1,127,500 last August.
- Median list price rose 13.79% to $1,630,000 from $1,432,500.
- Median sale price showed the biggest pop with a 46.49% increase year-over-year to $1,670,000 from last year’s price of $1,1140,000.
- Average days on market for August is down 53.17% to 118 days against 252 days.
- Median days on market fell 25% to 90 days vs. 120 days last August.
Watercolor Market Report Statistics Volume
- Volume sales are down 25% with 9 sales in August against 12 last year.
- Pending sales dropped 30% with 7 in August vs. 10 last August.
- Active listings fell 19.8% with 77 this August, 96 last August.
- New listings dropped 14.3% with 12 vs. 14.
Clearly it was a good month for sale price increases in Watercolor and the list price continues to escalate although less than sale price. However, year-to-date numbers are pretty stagnant. Inventory has dropped with less active listings and fewer new listings coming to market. It will be interesting to see if monthly numbers continue to drive yearly numbers in a positive direction.
Summary Statistics | ||||||
Aug-16 | Aug-15 | % Chg | 2016 YTD | 2015 YTD | % Chg | |
Absorption Rate | 7.97 | 11.08 | -28.07 | 8.54 | 9.65 | -11.50 |
Average List Price | $2,090,028 | $1,788,014 | 16.89 | $1,812,220 | $1,677,959 | 8.00 |
Median List Price | $1,630,000 | $1,432,500 | 13.79 | $1,512,500 | $1,395,000 | 8.42 |
Average Sale Price | $1,579,722 | $1,127,500 | 40.11 | $1,461,813 | $1,503,239 | -2.76 |
Median Sale Price | $1,670,000 | $1,140,000 | 46.49 | $1,300,000 | $1,299,000 | 0.08 |
Average CDOM | 118 | 252 | -53.17 | 159 | 262 | -39.31 |
Median CDOM | 90 | 120 | -25.00 | 100 | 126 | -20.63 |