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20200203

Merrimac's Slow 20 Start




 Was 2018 The Peak of the Market for Merrimac MA 


Showing the figures of Square  hovering affordably   Is that still a 3 Year


Can an under corrected market crash?



Footage per Dollar gotten its
$226-$271- $228-
 over Year increase of  (0.02% )









Single Family






Listing Inventory on February 3
2016
2017
2018
2019
2020
Listing Units
18
9
6
7
4
Average Days on Market
111
211
159
15
185
Average List Price
$521,255.56
$442,111.11
$524,083.33
$485,628.57
$507,225.00
Average List $ / SqFt
$194.37
$200.20
$226.62
$271.50
$228.80
Approximate Absorption Rate
34.72%
76.85%
98.61%
95.24%
156.25%
Approximate Months Supply of Inventory
2.88
1.30
1.01
1.05
0.64





Listed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Taken)
14
2
5
7
1
Average Original List Price
$505,798.36
$344,900.00
$489,740.00
$444,914.29
$349,900.00
Average Original List $ / SqFt
$190.89
$187.77
$215.18
$274.47
$324.88

Went Pending (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Went Pending)
8
8
5
3
3
Average List Price
$442,934.63
$386,687.50
$428,360.00
$361,566.67
$376,600.00
Average List $ / SqFt
$193.02
$214.68
$180.87
$222.23
$231.70
Average Days to Offer
67
59
31
48
38





Listed & Price Changed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Price Changed)
4
0
0
0
0
Average Original List Price
$534,925.00
$0.00
$0.00
$0.00
$0.00
Average Original List $ / SqFt
$184.50
$0.00
$0.00
$0.00
$0.00





Sold (Year to Date)
2016
2017
2018
2019
2020
Closed Units (Sold)
3
5
4
6
2
Average Days on Market
139
151
41
83
70
Average Days to Offer
71
141
33
63
54
Average Sale Price
$474,933.33
$480,280.00
$401,819.25
$529,750.00
$240,000.00
Average Sale $ / SqFt
$190.61
$203.09
$219.75
$207.07
$205.99
Average List Price
$483,266.67
$477,340.00
$409,894.25
$532,596.17
$252,388.00
Average List $ / SqFt
$193.84
$201.44
$223.85
$207.19
$213.17
Average Original List Price
$478,266.67
$494,320.00
$426,169.25
$550,596.17
$271,888.50
Average Original List $ / SqFt
$192.09
$207.21
$231.01
$214.90
$233.17
Average Sale Price as % of List Price
98.25%
100.69%
97.98%
99.71%
93.95%
Average Sale Price as % of Original List Price
99.14%
97.69%
94.63%
95.97%
88.20%
Average Sale Price as % of Assessed Price
N/A
N/A
117.88%
N/A
90.34%
Sold Units - Short Sale
0
0
0
0
0
Sold Units - Lender-Owned
0
1
0
0
0





12-Month Activity as of February 3
2016
2017
2018
2019
2020
Units Listed
107
98
89
100
84
Units Price Changed
42
37
28
31
34
Units Went Pending
84
92
78
83
78
Units Sold
75
83
71
80
75



















Condominium





Listing Inventory on February 3
2016
2017
2018
2019
2020
Listing Units
5
10
1
1
0
Average Days on Market
134
150
865
8
0
Average List Price
$282,940.00
$296,180.00
$180,000.00
$199,900.00
$0.00
Average List $ / SqFt
$211.06
$217.57
$140.08
$155.56
$0.00
Approximate Absorption Rate
55.00%
31.67%
258.33%
100.00%
0.00%
Approximate Months Supply of Inventory
1.82
3.16
0.39
1.00
0.00




Listed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Taken)
5
4
0
1
0
Average Original List Price
$310,920.00
$257,175.00
$0.00
$199,900.00
$0.00
Average Original List $ / SqFt
$220.49
$203.29
$0.00
$155.56
$0.00




Went Pending (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Went Pending)
4
3
1
0
0
Average List Price
$283,674.75
$271,266.67
$369,000.00
$0.00
$0.00
Average List $ / SqFt
$206.96
$207.24
$203.64
$0.00
$0.00
Average Days to Offer
68
26
203
0
0




Listed & Price Changed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Price Changed)
0
0
0
0
0
Average Original List Price
$0.00
$0.00
$0.00
$0.00
$0.00
Average Original List $ / SqFt
$0.00
$0.00
$0.00
$0.00
$0.00




Sold (Year to Date)
2016
2017
2018
2019
2020
Closed Units (Sold)
4
6
0
0
3
Average Days on Market
220
51
0
0
65
Average Days to Offer
184
37
0
0
54
Average Sale Price
$243,048.75
$278,615.67
$0.00
$0.00
$286,333.33
Average Sale $ / SqFt
$197.97
$158.34
$0.00
$0.00
$168.91
Average List Price
$240,200.00
$281,466.50
$0.00
$0.00
$286,300.00
Average List $ / SqFt
$195.62
$159.70
$0.00
$0.00
$168.54
Average Original List Price
$237,700.00
$287,266.67
$0.00
$0.00
$296,266.67
Average Original List $ / SqFt
$193.89
$163.07
$0.00
$0.00
$174.82
Average Sale Price as % of List Price
101.19%
99%
0%
0%
100.51%
Average Sale Price as % of Original List Price
103.53%
97.06%
0%
0%
97.25%
Average Sale Price as % of Assessed Price
N/A
N/A
0%
0%
113.47%
Sold Units - Short Sale
1
0
0
0
1
Sold Units - Lender-Owned
0
0
0
0
0




12-Month Activity as of February 3
2016
2017
2018
2019
2020
Units Listed
42
54
19
16
21
Units Price Changed
13
11
4
3
7
Units Went Pending
40
46
26
13
20
Units Sold
33
38
31
12
21











Multi Family






Listing Inventory on February 3
2016
2017
2018
2019
2020
Listing Units
2
1
1
1
1
Average Days on Market
64
105
125
2
80
Average List Price
$524,950.00
$549,900.00
$2,500,000.00
$400,000.00
$529,000.00
Average List $ / SqFt
$126.87
$172.82
$500.00
$148.09
$156.00
Approximate Absorption Rate
8.33%
33.33%
66.67%
50.00%
25.00%
Approximate Months Supply of Inventory
12.00
3.00
1.50
2.00
4.00





Listed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Taken)
1
0
0
1
0
Average Original List Price
$650,000.00
$0.00
$0.00
$400,000.00
$0.00
Average Original List $ / SqFt
$124.95
$0.00
$0.00
$148.09
$0.00





Went Pending (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Went Pending)
0
2
0
0
1
Average List Price
$0.00
$390,950.00
$0.00
$0.00
$349,000.00
Average List $ / SqFt
$0.00
$141.41
$0.00
$0.00
$197.40
Average Days to Offer
0
158
0
0
68





Listed & Price Changed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Price Changed)
0
0
0
0
0
Average Original List Price
$0.00
$0.00
$0.00
$0.00
$0.00
Average Original List $ / SqFt
$0.00
$0.00
$0.00
$0.00
$0.00





Sold (Year to Date)
2016
2017
2018
2019
2020
Closed Units (Sold)
0
0
1
0
0
Average Days on Market
0
0
31
0
0
Average Days to Offer
0
0
17
0
0
Average Sale Price
$0.00
$0.00
$484,000.00
$0.00
$0.00
Average Sale $ / SqFt
$0.00
$0.00
$116.54
$0.00
$0.00
Average List Price
$0.00
$0.00
$484,900.00
$0.00
$0.00
Average List $ / SqFt
$0.00
$0.00
$116.76
$0.00
$0.00
Average Original List Price
$0.00
$0.00
$484,900.00
$0.00
$0.00
Average Original List $ / SqFt
$0.00
$0.00
$116.76
$0.00
$0.00
Average Sale Price as % of List Price
0%
0%
99.81%
0%
0%
Average Sale Price as % of Original List Price
0%
0%
99.81%
0%
0%
Average Sale Price as % of Assessed Price
0%
0%
110.05%
0%
0%
Sold Units - Short Sale
0
0
0
0
0
Sold Units - Lender-Owned
0
0
0
0
0





12-Month Activity as of February 3
2016
2017
2018
2019
2020
Units Listed
7
12
9
8
11
Units Price Changed
1
5
4
1
3
Units Went Pending
3
8
8
6
6
Units Sold
2
4
8
6
3









Single Family

















 Solds / Year
2016
2017
2018
2019
2020
 List Price
$483,266.67
$477,340.00
$409,894.25
$532,596.17
$252,388.00
 Original List Price
$478,266.67
$494,320.00
$426,169.25
$550,596.17
$271,888.50
 Sale Price
$474,933.33
$480,280.00
$401,819.25
$529,750.00
$240,000.00














 Solds / Year
2016
2017
2018
2019
2020
 List $ / SqFt
$193.84
$201.44
$223.85
$207.19
$213.17
 Orig. List $ / SqFt
$192.09
$207.21
$231.01
$214.90
$233.17
 Sale $ / SqFt
$190.61
$203.09
$219.75
$207.07
$205.99









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