|
|
|
|
Listing Inventory
|
2013
|
2014
|
2015
|
2016
|
2017
|
Units
|
38
|
29
|
21
|
26
|
16
|
Avg Days on Market
|
282
|
163
|
80
|
110
|
121
|
Avg List Price
|
$411,559.92
|
$453,385.41
|
$418,642.86
|
$498,702.96
|
$584,767.31
|
Avg List $ / SqFt
|
$174.73
|
$197.00
|
$213.68
|
$222.21
|
$224.02
|
Ax Absorption Rate
|
14.04%
|
16.09%
|
26.19%
|
25.96%
|
40.10%
|
Months Inventory
|
7.13
|
6.21
|
3.82
|
3.85
|
2.49
|
|
|
|
Sold (Year to Date)
|
2013
|
2014
|
2015
|
2016
|
2017
|
Closed Units (Sold)
|
33
|
37
|
40
|
44
|
40
|
Average Days on Market
|
118
|
133
|
113
|
96
|
82
|
Average Days to Offer
|
75
|
93
|
85
|
50
|
68
|
Average Sale Price
|
$358,031.58
|
$402,590.54
|
$368,391.93
|
$435,623.82
|
$415,239.98
|
Average Sale $ / SqFt
|
$163.94
|
$163.43
|
$183.28
|
$181.85
|
$200.78
|
Average List Price
|
$365,503.88
|
$414,486.22
|
$376,776.35
|
$448,670.98
|
$419,101.90
|
Average List $ / SqFt
|
$167.41
|
$166.95
|
$186.94
|
$188.62
|
$203.69
|
|
|
|
|
|
|
|
|
|
12-Month Activity as of July 31
|
2013
|
2014
|
2015
|
2016
|
2017
|
Units Listed
|
93
|
97
|
94
|
122
|
86
|
Units Price Changed
|
40
|
40
|
33
|
43
|
21
|
Units Went Pending
|
75
|
77
|
73
|
90
|
86
|
Units Sold
|
64
|
56
|
66
|
81
|
77
|
|
Single Family on July 31
Listing Inventory 2013 2014 2015 2016 2017
Units 38 29 21 26 16
Avg Days on Market 282 163 80 110 121
Avg List Price $411,559.92 $453,385.41 $418,642.86 $498,702.96 $584,767.31
Avg List $ / SqFt $174.73 $197.00 $213.68 $222.21 $224.02
Ax Absorption Rate 14.04% 16.09% 26.19% 25.96% 40.10%
Months Inventory 7.13 6.21 3.82 3.85 2.49
Sold (Year to Date) 2013 2014 2015 2016 2017
Closed Units (Sold) 33 37 40 44 40
Average Days on Market 118 133 113 96 82
Average Days to Offer 75 93 85 50 68
Average Sale Price $358,031.58 $402,590.54 $368,391.93 $435,623.82 $415,239.98
Average Sale $ / SqFt $163.94 $163.43 $183.28 $181.85 $200.78
Average List Price $365,503.88 $414,486.22 $376,776.35 $448,670.98 $419,101.90
Average List $ / SqFt $167.41 $166.95 $186.94 $188.62 $203.69
12-Month Activity as of July 31 2013 2014 2015 2016 2017
Units Listed 93 97 94 122 86
Units Price Changed 40 40 33 43 21
Units Went Pending 75 77 73 90 86
Units Sold 64 56 66 81 77
Merrimac, MA Area Market Review
2017 vs. 2016 As of August 4, 2017
Prepared by Decatur Gadd on Wednesday, August 09, 2017
Single Family
Listing Inventory on August 4 2016 2017 Var. Var. % Trend
Listing Units 26 17 -9 -34.62% Decrease
Average Days on Market 111 122 11 9.91% Increase
Average List Price $507,702.96 $579,775.12 $72,072.16 14.20% Increase
Average List $ / SqFt $218.30 $231.50 $13.20 6.05% Increase
Approximate Absorption Rate 25.00% 38.24% 13.24% 52.96% Increase
Approximate Months Supply of Inventory 4 2.62 -1.38 -34.50% Decrease
Listed (Year to Date) 2016 2017 Var. Var. % Trend
Listing Units (Taken) 80 54 -26 -32.50% Decrease
Average Original List Price $456,699.85 $492,443.59 $35,743.74 7.83% Increase
Average Original List $ / SqFt $199.97 $216.49 $16.52 8.26% Increase
Went Pending (Year to Date) 2016 2017 Var. Var. % Trend
Listing Units (Went Pending) 56 50 -6 -10.71% Decrease
Average List Price $427,598.39 $432,647.54 $5,049.15 1.18% Increase
Average List $ / SqFt $187.13 $207.15 $20.02 10.70% Increase
Average Days to Offer 66
|
|
Zip Code 01860, MA Area Market
Review
|
|
|
|
|
|
|
|
|
2018 vs. 2017 As of
August 4, 2018
|
|
|
|
|
|
|
|
|
|
|
Prepared by
Decatur Gadd on Saturday, September 08, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Listing Inventory on August 4
|
2017
|
2018
|
Var.
|
Var. %
|
Trend
|
Listing Units
|
17
|
13
|
-4
|
-23.53%
|
Decrease
|
Average Days on
Market
|
124
|
74
|
-50
|
-40.32%
|
Decrease
|
Average List
Price
|
$574,192.76
|
$462,023.08
|
-$112,169.68
|
-19.54%
|
Decrease
|
Average List $
/ SqFt
|
$230.02
|
$208.19
|
-$21.83
|
-9.49%
|
Decrease
|
Approximate
Absorption Rate
|
37.75%
|
50.00%
|
12.25%
|
32.45%
|
Increase
|
Approximate
Months Supply of Inventory
|
2.65
|
2.00
|
-0.65
|
-24.53%
|
Decrease
|
|
|
|
|
|
|
Listed (Year to Date)
|
2017
|
2018
|
Var.
|
Var. %
|
Trend
|
Listing Units
(Taken)
|
55
|
65
|
10
|
18.18%
|
Increase
|
Average
Original List Price
|
$490,308.25
|
$454,303.80
|
-$36,004.45
|
-7.34%
|
Decrease
|
Average
Original List $ / SqFt
|
$215.54
|
$226.36
|
$10.82
|
5.02%
|
Increase
|
|
|
Went Pending (Year to Date)
|
2017
|
2018
|
Var.
|
Var. %
|
Trend
|
Listing Units
(Went Pending)
|
50
|
52
|
2
|
4%
|
Increase
|
Average List
Price
|
$431,945.54
|
$440,651.10
|
$8,705.56
|
2.02%
|
Increase
|
Average List $
/ SqFt
|
$206.26
|
$217.54
|
$11.28
|
5.47%
|
Increase
|
Average Days to
Offer
|
44
|
27
|
-17
|
-38.64%
|
Decrease
|
|
|
|
|
|
|
Listed & Price Changed (Year to Date)
|
2017
|
2018
|
Var.
|
Var. %
|
Trend
|
Listing Units
(Price Changed)
|
10
|
16
|
6
|
60%
|
Increase
|
Average
Original List Price
|
$603,550.00
|
$470,155.63
|
-$133,394.37
|
-22.10%
|
Decrease
|
Average
Original List $ / SqFt
|
$224.30
|
$206.58
|
-$17.72
|
-7.90%
|
Decrease
|
|
|
|
|
|
|
Sold (Year to Date)
|
2017
|
2018
|
Var.
|
Var. %
|
Trend
|
Closed Units
(Sold)
|
41
|
46
|
5
|
12.20%
|
Increase
|
Average Days on
Market
|
81
|
62
|
-19
|
-23.46%
|
Decrease
|
Average Days to
Offer
|
67
|
36
|
-31
|
-46.27%
|
Decrease
|
Average Sale
Price
|
$414,136.56
|
$454,523.76
|
$40,387.20
|
9.75%
|
Increase
|
Average Sale $
/ SqFt
|
$199.66
|
$218.78
|
$19.12
|
9.58%
|
Increase
|
Average List
Price
|
$418,636.00
|
$459,194.22
|
$40,558.22
|
9.69%
|
Increase
|
Average List $
/ SqFt
|
$202.80
|
$220.55
|
$17.75
|
8.75%
|
Increase
|
Average
Original List Price
|
$423,621.39
|
$466,226.83
|
$42,605.44
|
10.06%
|
Increase
|
Average
Original List $ / SqFt
|
$205.76
|
$223.75
|
$17.99
|
8.74%
|
Increase
|
Average Sale
Price as % of List Price
|
98.63%
|
99.06%
|
0.43%
|
0.44%
|
Increase
|
Average Sale
Price as % of Original List Price
|
97.46%
|
97.59%
|
0.13%
|
0.13%
|
Increase
|
Average Sale
Price as % of Assessed Price
|
N/A
|
N/A
|
N/A
|
N/A
|
No Change
|
Sold Units -
Short Sale
|
1
|
1
|
0
|
0%
|
No Change
|
Sold Units -
Lender-Owned
|
2
|
0
|
-2
|
-100%
|
Decrease
|
|
|
|
|
|
|
12-Month Activity as of August 4
|
2017
|
2018
|
Var.
|
Var. %
|
Trend
|
Units Listed
|
85
|
95
|
10
|
11.76%
|
Increase
|
Units Price
Changed
|
20
|
29
|
9
|
45%
|
Increase
|
Units Went
Pending
|
87
|
82
|
-5
|
-5.75%
|
Decrease
|
Units Sold
|
77
|
78
|
1
|
1.30%
|
Increase
|
|
|
|
|
|
|
|
|
|
|
|
|
50 -16 -24.24% Decrease
Listed & Price Changed (Year to Date) 2016 2017 Var. Var. % Trend
Listing Units (Price Changed) 24 10 -14 -58.33% Decrease
Average Original List Price $475,174.04 $603,550.00 $128,375.96 27.02% Increase
Average Original List $ / SqFt $208.38 $227.07 $18.69 8.97% Increase
Sold (Year to Date) 2016 2017 Var. Var. % Trend
Closed Units (Sold) 44 41 -3 -6.82% Decrease
Average Days on Market 96 81 -15 -15.63% Decrease
Average Days to Offer 50 67 17 34% Increase
Average Sale Price $435,623.82 $414,136.56 -$21,487.26 -4.93% Decrease
Average Sale $ / SqFt $181.85 $199.66 $17.81 9.79% Increase
Average List Price $448,670.98 $418,636.00 -$30,034.98 -6.69% Decrease
Average List $ / SqFt $188.62 $202.80 $14.18 7.52% Increase
Average Original List Price $454,721.16 $423,621.39 -$31,099.77 -6.84% Decrease
Average Original List $ / SqFt $191.80 $205.76 $13.96 7.28% Increase
Average Sale Price as % of List Price 96.60% 98.63% 2.03% 2.10% Increase
Average Sale Price as % of Original List Price 95.17% 97.46% 2.29% 2.41% Increase
Average Sale Price as % of Assessed Price N/A N/A N/A N/A No Change
Sold Units - Short Sale 2 1 -1 -50% Decrease
Sold Units - Lender-Owned 0 2 2 0% Increase
12-Month Activity as of August 4 2016 2017 Var. Var. % Trend
Units Listed 124 85 -39 -31.45% Decrease
Units Price Changed 43 20 -23 -53.49% Decrease
Units Went Pending 91 88 -3 -3.30% Decrease
Units Sold 78 78 0 0% No Change
