Months of Inventory by Price Band

Months of Inventory by Price Band

Property Type: Single Family
Towns: Rockport, MA; Gloucester, MA

 

Price Band

Active Listings

Sold Listings
4/12/2016 - 4/11/2017

Sales Per Month

Months of Inventory

# Listings

% Total

DOM

# Listings

% Total

DOM

$92,300 - $99,999

0

0.00%

0

1

0.35%

20

0.1

0.0

$100,000 - $149,999

0

0.00%

0

3

1.04%

89

0.2

0.0

$150,000 - $199,999

0

0.00%

0

11

3.81%

85

0.9

0.0

$200,000 - $249,999

0

0.00%

0

18

6.23%

77

1.5

0.0

$250,000 - $299,999

0

0.00%

0

25

8.65%

45

2.1

0.0

$300,000 - $349,999

2

3.33%

118

34

11.76%

49

2.8

0.7

$350,000 - $399,999

4

6.67%

50

41

14.19%

53

3.4

1.2

$400,000 - $449,999

3

5.00%

63

36

12.46%

75

3.0

1.0

$450,000 - $499,999

0

0.00%

0

23

7.96%

64

1.9

0.0

$500,000 - $599,999

8

13.33%

65

31

10.73%

102

2.6

3.1

$600,000 - $699,999

6

10.00%

58

16

5.54%

83

1.3

4.6

$700,000 - $799,999

3

5.00%

348

11

3.81%

89

0.9

3.3

$800,000 - $899,999

1

1.67%

651

8

2.77%

175

0.7

1.5

$900,000 - $999,999

4

6.67%

88

5

1.73%

118

0.4

9.7

$1,000,000 - $1,099,999

1

1.67%

46

1

0.35%

10

0.1

12.1

$1,100,000 - $1,199,999

4

6.67%

354

2

0.69%

40

0.2

24.3

$1,200,000 - $1,299,999

2

3.33%

126

2

0.69%

92

0.2

12.1

$1,300,000 - $1,399,999

3

5.00%

245

2

0.69%

57

0.2

18.2

$1,400,000 - $1,499,999

2

3.33%

87

1

0.35%

237

0.1

24.3

$1,500,000 - $1,599,999

1

1.67%

7

1

0.35%

175

0.1

12.1

$1,600,000 - $1,699,999

0

0.00%

0

2

0.69%

191

0.2

0.0

$1,700,000 - $1,799,999

1

1.67%

10

0

0.00%

0

0.0

no sales

$1,800,000 - $1,899,999

2

3.33%

167

4

1.38%

137

0.3

6.1

$1,900,000 - $1,999,999

0

0.00%

0

2

0.69%

58

0.2

0.0

$2,000,000 - $2,499,999

4

6.67%

102

6

2.08%

147

0.5

8.1

$2,500,000 - $2,999,999

4

6.67%

126

1

0.35%

64

0.1

48.5

$3,000,000 - $3,499,999

0

0.00%

0

1

0.35%

431

0.1

0.0

$3,500,000 - $3,999,999

3

5.00%

91

0

0.00%

0

0.0

no sales

$4,500,000 - $4,999,999

0

0.00%

0

1

0.35%

33

0.1

0.0

$5,000,000 - $5,999,999

1

1.67%

260

0

0.00%

0

0.0

no sales

$9,000,000 - $9,999,999

1

1.67%

706

0

0.00%

0

0.0

no sales

 

60

100%

144

289

100%

78

23.8

2.5

If there is no data in a price band, the price band is not displayed. 

Reports provided by iMaxWebSolutions.com

 

Total Solds from 4/1/2016 to 3/31/2017 for Gloucester & Rockport

Thinking of selling your home?  Take a look at the tables below.  They show the number of sales within each price band for the year beginning 4/1/2016 to 3/31/2017.  There’s a table for Gloucester and one for Rockport.

Sales by Price Band

Period: 4/1/16 - 3/31/17
Property Type: Single Family
Gloucester, MA

 

Sold Price Range

# Sold Listings

% Total

Avg Days on Market

Avg Sale Price

$92,300 - 99,999

1

0.4%

20

$92,300

$100,000 - 149,999

4

1.8%

110

$119,050

$150,000 - 199,999

9

4.0%

59

$170,035

$200,000 - 249,999

17

7.5%

67

$223,861

$250,000 - 299,999

24

10.6%

43

$279,423

$300,000 - 349,999

29

12.8%

53

$326,465

$350,000 - 399,999

32

14.2%

56

$374,981

$400,000 - 449,999

28

12.4%

77

$424,286

$450,000 - 499,999

15

6.6%

73

$471,392

$500,000 - 599,999

19

8.4%

131

$544,374

$600,000 - 699,999

10

4.4%

103

$647,602

$700,000 - 799,999

11

4.9%

89

$754,173

$800,000 - 899,999

4

1.8%

254

$837,250

$900,000 - 999,999

4

1.8%

98

$946,000

$1,000,000 - 1,099,999

1

0.4%

10

$1,065,000

$1,100,000 - 1,199,999

1

0.4%

65

$1,125,000

$1,200,000 - 1,299,999

2

0.9%

92

$1,232,500

$1,300,000 - 1,399,999

1

0.4%

80

$1,360,000

$1,500,000 - 1,599,999

1

0.4%

175

$1,590,000

$1,600,000 - 1,699,999

3

1.3%

207

$1,633,333

$1,800,000 - 1,899,999

2

0.9%

194

$1,865,000

$1,900,000 - 1,999,999

2

0.9%

58

$1,930,000

$2,000,000 - 2,499,999

4

1.8%

113

$2,156,250

$3,000,000 - 3,499,999

1

0.4%

431

$3,000,000

$4,500,000 - 4,999,999

1

0.4%

33

$4,650,000

 

Total Sold
Listings

Average
Days On
Market

Median
Price

Average
Price

Lowest
Price

Highest
Price

226

81

$395,250

$538,258

$92,300

$4,650,000

 

The vast majority of sales took place in the $250,000 to $449,999 price ranges.  Homes in those ranges that are priced right sell in less than 75 days.

 

Now, take a look at Rockport… 

Sales by Price Band

Period: 4/1/16 - 3/31/17
Property Type: Single Family
Rockport, MA

 

Sold Price Range

# Sold Listings

% Total

Avg Days on Market

Avg Sale Price

$155,000 - 199,999

3

4.6%

140

$165,333

$200,000 - 249,999

1

1.5%

250

$202,000

$250,000 - 299,999

2

3.1%

103

$293,750

$300,000 - 349,999

5

7.7%

27

$333,800

$350,000 - 399,999

9

13.8%

46

$379,197

$400,000 - 449,999

8

12.3%

68

$425,381

$450,000 - 499,999

8

12.3%

48

$477,913

$500,000 - 599,999

11

16.9%

60

$540,182

$600,000 - 699,999

6

9.2%

49

$663,842

$800,000 - 899,999

4

6.2%

95

$849,993

$900,000 - 999,999

1

1.5%

200

$975,000

$1,100,000 - 1,199,999

1

1.5%

14

$1,160,000

$1,300,000 - 1,399,999

1

1.5%

34

$1,363,013

$1,400,000 - 1,499,999

1

1.5%

237

$1,450,000

$1,800,000 - 1,899,999

2

3.1%

80

$1,856,250

$2,000,000 - 2,499,999

2

3.1%

216

$2,170,000

 

Total Sold
Listings

Average
Days On
Market

Median
Price

Average
Price

Lowest
Price

Highest
Price

65

73

$479,000

$614,141

$155,000

$2,175,000

 

The most popular price range was $500,000 to $599,999. And, the Average Days on Market for the low ranges indicates price was too high or the problems/conditions prevented buyers from making an offer until the price was brought into line with the value perceived by the buyer.

Housing Inventory in Gloucester and Rockport

Recently you’ve heard a lot about the lack of inventory.  It is a reality here on Cape Ann.  Well-priced properties are going under agreement fairly quickly.  The following two tables illustrate the situation in Gloucester (1st table) and Rockport (2nd table).

The table shows the number of single family homes that are currently on the market in each specific price brand.  The next column is how much of the total on the market properties that number represents.  The DOM column is the number of days those homes have been on the market.  Then, for Sold Listings, the table shows the same information.  By dividing the number sold by 12 months you get the number of sales per month.

Then go back to the first column and look at the number of homes FOR sale and compare that with the number of sales PER month and you will see how many months’ supply is on the market given the same rate of sales.

In Gloucester the average days on market for sold homes is well under 90 days (3 months) until you reach $500,000+ in list price.  The most interesting price point is $1,100,000 to $,199,999 where there are 4 active listings, in the price range all last year only 1 sold, therefore there is a 4 year (48 month) supply of homes for sale in that price range.

Months of Inventory by Price Band

Property Type: Single Family
Towns: Gloucester, MA

 

Price Band

Active Listings

Sold Listings
3/26/2016 - 3/25/2017

Sales Per Month

Months of Inventory

# Listings

% Total

DOM

# Listings

% Total

DOM

$92,300 - $99,999

0

0.00%

0

1

0.43%

20

0.1

0.0

$100,000 - $149,999

0

0.00%

0

4

1.72%

110

0.3

0.0

$150,000 - $199,999

0

0.00%

0

9

3.88%

59

0.7

0.0

$200,000 - $249,999

0

0.00%

0

18

7.76%

67

1.5

0.0

$250,000 - $299,999

1

2.63%

141

24

10.34%

43

2.0

0.5

$300,000 - $349,999

3

7.89%

85

31

13.36%

51

2.6

1.2

$350,000 - $399,999

2

5.26%

96

32

13.79%

56

2.6

0.8

$400,000 - $449,999

2

5.26%

72

28

12.07%

75

2.3

0.9

$450,000 - $499,999

0

0.00%

0

14

6.03%

77

1.2

0.0

$500,000 - $599,999

5

13.16%

78

20

8.62%

131

1.6

3.0

$600,000 - $699,999

4

10.53%

66

11

4.74%

124

0.9

4.4

$700,000 - $799,999

3

7.89%

331

12

5.17%

90

1.0

3.0

$800,000 - $899,999

1

2.63%

634

4

1.72%

254

0.3

3.0

$900,000 - $999,999

1

2.63%

25

4

1.72%

98

0.3

3.0

$1,000,000 - $1,099,999

0

0.00%

0

1

0.43%

10

0.1

0.0

$1,100,000 - $1,199,999

4

10.53%

273

1

0.43%

65

0.1

48.5

$1,200,000 - $1,299,999

2

5.26%

258

2

0.86%

92

0.2

12.1

$1,300,000 - $1,399,999

0

0.00%

0

1

0.43%

80

0.1

0.0

$1,400,000 - $1,499,999

2

5.26%

70

0

0.00%

0

0.0

no sales

$1,500,000 - $1,599,999

0

0.00%

0

1

0.43%

175

0.1

0.0

$1,600,000 - $1,699,999

0

0.00%

0

3

1.29%

207

0.2

0.0

$1,800,000 - $1,899,999

0

0.00%

0

2

0.86%

194

0.2

0.0

$1,900,000 - $1,999,999

0

0.00%

0

2

0.86%

58

0.2

0.0

$2,000,000 - $2,499,999

3

7.89%

48

5

2.16%

105

0.4

7.3

$2,500,000 - $2,999,999

2

5.26%

188

0

0.00%

0

0.0

no sales

$3,000,000 - $3,499,999

0

0.00%

0

1

0.43%

431

0.1

0.0

$3,500,000 - $3,999,999

1

2.63%

209

0

0.00%

0

0.0

no sales

$4,500,000 - $4,999,999

0

0.00%

0

1

0.43%

33

0.1

0.0

$5,000,000 - $5,999,999

1

2.63%

243

0

0.00%

0

0.0

no sales

$9,000,000 - $9,999,999

1

2.63%

689

0

0.00%

0

0.0

no sales

 

38

100%

169

232

100%

81

19.1

2.0

If there is no data in a price band, the price band is not displayed. 

Reports provided by iMaxWebSolutions.com

 

 

When you examine Rockport’s situation you see a different picture.  There are very few homes for sale below $500,000 (5 to be specific).  The ones under $500,000 that sold last year must have had significant problems in that their average time one market was between 145 and 250 days.  The 31 homes that sold between $300,000 and $499,999 were on market less than 60 days on average.

 

That is why I say, if your home is on the market for more than 90 days, the price is too high and it should be reduced because the longer a house stays on the market the less appeal it has for buyers.  They wonder what is wrong with it and begin to look at all its flaws.

Months of Inventory by Price Band

Property Type: Single Family
Towns: Rockport, MA

 

Price Band

Active Listings

Sold Listings
3/26/2016 - 3/25/2017

Sales Per Month

Months of Inventory

# Listings

% Total

DOM

# Listings

% Total

DOM

$155,000 - $199,999

0

0.00%

0

3

4.41%

140

0.2

0.0

$200,000 - $249,999

0

0.00%

0

1

1.47%

250

0.1

0.0

$250,000 - $299,999

0

0.00%

0

3

4.41%

247

0.2

0.0

$300,000 - $349,999

0

0.00%

0

5

7.35%

27

0.4

0.0

$350,000 - $399,999

3

15.79%

156

10

14.71%

60

0.8

3.6

$400,000 - $449,999

0

0.00%

0

8

11.76%

68

0.7

0.0

$450,000 - $499,999

2

10.53%

13

8

11.76%

48

0.7

3.0

$500,000 - $599,999

2

10.53%

22

11

16.18%

60

0.9

2.2

$600,000 - $699,999

1

5.26%

42

6

8.82%

49

0.5

2.0

$700,000 - $799,999

1

5.26%

93

1

1.47%

266

0.1

12.1

$800,000 - $899,999

0

0.00%

0

4

5.88%

95

0.3

0.0

$900,000 - $999,999

2

10.53%

132

1

1.47%

200

0.1

24.3

$1,100,000 - $1,199,999

0

0.00%

0

1

1.47%

14

0.1

0.0

$1,300,000 - $1,399,999

2

10.53%

346

1

1.47%

34

0.1

24.3

$1,400,000 - $1,499,999

0

0.00%

0

1

1.47%

237

0.1

0.0

$1,600,000 - $1,699,999

1

5.26%

284

0

0.00%

0

0.0

no sales

$1,800,000 - $1,899,999

1

5.26%

284

2

2.94%

80

0.2

6.1

$2,000,000 - $2,499,999

1

5.26%

194

2

2.94%

216

0.2

6.1

$2,500,000 - $2,999,999

2

10.53%

31

0

0.00%

0

0.0

no sales

$3,500,000 - $3,999,999

1

5.26%

24

0

0.00%

0

0.0

no sales

 

19

100%

130

68

100%

85

5.6

3.4

If there is no data in a price band, the price band is not displayed. 

Reports provided by iMaxWebSolutions.com

Year To Year Comparisons for Cape Ann in 2014, 2015, and 2016

Year to Year Comparisons for Cape Ann Single Family Homes

Gloucester

Year

Lowest Price

Highest Price

Median Price

Average Price

Total Volume

# of Units Sold

Avg Days to Offer

Sales Price to Original Price

2014

$110,000

$2,950,000

$380,500

$534,079

$100,940,970

189

62

93 %

2015

$96,000

$2,500,000

$375,000

$541,892

$112,171,608

207

59

93 %

2016

$92,300

$4,650,000

$393,000

$516,624

$114,173,810

221

60

94 %

 

Rockport

Year

Lowest Price

Highest Price

Median Price

Average Price

Total Volume

# of Units Sold

Avg Days to Offer

Sales Price to Original Price

2014

$240,000

$1,900,000

$457,500

$548,935

 $44,463,751

81

105

91 %

2015

$250,000

$3,700,000

$531,250

$672,096

$52,423,490

78

91

93 %

2016

$155,000

$2,175,000

$479,000

$615,926

$44,962,586

73

72

92 %

 

 

Year to Year Comparisons for Cape Ann Homes $1M+

Gloucester

Year

Lowest Price

Highest Price

# of Units on the Market

# of Units Sold

Avg Days to Offer

Sales Price to Original Price

2014

$1,060,000

$2,950,000

36

20

81

92 %

2015

$1,085,000

$2,500,000

41

23

111

90 %

2016

$1,065,000

$4,650,000

49

17

165

85 %

                                                  There are an additional 6 properties Under Agreement

 

Rockport

Year

Lowest Price

Highest Price

# of Units on the Market

# of Units Sold

Avg Days to Offer

Sales Price to Original Price

2014

$1,000,000

$1,900,000

11

8

88

90 %

2015

$1,010,000

$3,700,000

15

9

228

90 %

2016

$1,160,000

$2,175,000

22

8

113

92 %

Year to Year Comparisons for Cape Ann Condominiums

Gloucester

Year

Lowest Price

Highest Price

Median Price

Average Price

Total Volume

# of Units Sold

Avg Days to Offer

Sales Price to Original Price

2014

$75,000

$862,000

$287,000

$356,931

$30,339,098

85

83

94 %

2015

$90,000

$1,100,000

$292,750

$348,772

$29,994,392

86

59

96 %

2016

$75,000

$1,100,000

$287,087

$359,942

$33,834,507

94

52

97 %

 

Rockport

Year

Lowest Price

Highest Price

Median Price

Average Price

Total Volume

# of Units Sold

Avg Days to Offer

Sales Price to Original Price

2014

$121,500

$724,000

$290,000

$316,252

$7,906,300

25

55

94 %

2015

$105,000

$499,000

$250,000

$269,032

$11,030,300

41

119

91 %

2016

$118,000

$830,000

$327,500

$353,826

 $10,968,600

31

101

93 %

 

 

Year to Year Comparisons for Cape Ann Multi Family

Gloucester

Year

Lowest Price

Highest Price

Median Price

Average Price

Total Volume

# of Units Sold

Avg Days to Offer

Sales Price to Original Price

2014

$90,000

$550,000

$332,500

$327,801

$15,078,825

46

51

90 %

2015

$210,000

$1,572,500

$340,500

$394,888

$17,769,950

45

53

93 %

2016

$120,000

$680,000

$357,000

$365,409

$14,250,956

39

64

93 %

 

Rockport

Year

Lowest Price

Highest Price

Median Price

Average Price

Total Volume

# of Units Sold

Avg Days to Offer

Sales Price to Original Price

2014

$325,000

$705,000

$462,500

$456,330

$6,388,625

14

68

88 %

2015

$385,000

$716,460

$456,000

$519,153

$1,557,460

3

28

93 %

2016

$350,000

$575,000

$395,000

$419,818

$4,618,000

11

53

91 %

 ©2017 MLS Property Information Network, Inc.      

Million Dollar Homes on Cape Ann - November 17, 2016

Address

Town

State

List Price

DOM

Lot Size

GLA Sq Ft

Rooms

Bed Rooms

Full Baths

56 Ye Olde County Road

Gloucester

MA

$1,050,000

232

16,560SF

2,450

7

3

2

10 Grapevine Road

Gloucester

MA

$1,095,000

360

1.59A

4,496

17

7

3

21 Beach St

Rockport

MA

$1,100,000

58

11,200SF

540

2

1

1

1 Chester Square

Gloucester

MA

$1,145,000

401

8,850SF

1,957

7

4

3

1 Athena Way

Rockport

MA

$1,195,000

62

15,900SF

2,327

8

4

3

5 Palfrey Road

Gloucester

MA

$1,200,000

100

6,000SF

2,500

8

4

3

7 Stewart Avenue

Gloucester

MA

$1,250,000

34

1.01A

5,298

11

4

0

20 Colburn St

Gloucester

MA

$1,299,000

160

56.20A

2,365

9

4

1

37 Mt Pleasant Street

Rockport

MA

$1,300,000

561

8,850SF

3,900

14

8

7

15 Niles Pond Road

Gloucester

MA

$1,350,000

181

1.41A

4,082

12

4

3

65 Dolliver Neck Rd.

Gloucester

MA

$1,390,000

119

17,200SF

3,205

11

3

3

13 Oakes Avenue

Gloucester

MA

$1,395,000

35

11,524SF

4,877

13

5

4

19 Stanwood Point

Gloucester

MA

$1,398,000

325

15,150SF

2,241

7

3

3

7 Hidden Way

Gloucester

MA

$1,400,000

37

10,478SF

2,648

8

4

3

42 Mussell Point Rd

Gloucester

MA

$1,499,000

290

40,000SF

3,632

9

4

3

95 Riverview Rd

Gloucester

MA

$1,595,000

162

11,200SF

1,899

6

3

3

47 Penzance Road

Rockport

MA

$1,649,000

155

39,320SF

2,678

10

3

2

262 Western Ave

Gloucester

MA

$1,695,000

184

3.24A

3,549

11

3

2

20 Ocean Highlands

Gloucester

MA

$1,750,000

106

32,800SF

2,830

9

4

4

51 Marmion Way

Rockport

MA

$1,835,000

88

16,620SF

3,107

10

5

7

207 Atlantic Road

Gloucester

MA

$1,899,000

245

25,264SF

3,200

11

4

4

48 Marmion Way

Rockport

MA

$1,995,000

156

24,455SF

4,309

10

4

3

46 Eden Rd

Rockport

MA

$2,150,000

212

42,485SF

3,256

11

7

2

69 Marmion Way

Rockport

MA

$2,475,000

66

37,330SF

6,406

16

8

9

125 Cole's Island Road

Gloucester

MA

$2,495,000

187

33.20A

5,865

15

7

4

73 Eastern Point Boulevard

Gloucester

MA

$2,639,000

226

17,424SF

2,510

6

3

3

6 Brier Road

Gloucester

MA

$2,675,000

135

1.40A

5,000

11

5

5

51 & 51a Marmion Way

Rockport

MA

$2,685,000

90

28,720SF

4,203

11

5

9

25 Penryn Way

Rockport

MA

$2,895,000

47

40,280SF

7,060

12

3

4

86 Hesperus Avenue

Gloucester

MA

$2,995,000

345

2.73A

4,814

14

5

5

87r Wingaersheek

Gloucester

MA

$2,995,000

213

17,859SF

3,075

8

4

3

122 Hesperus Avenue

Gloucester

MA

$3,650,000

576

4.00A

4,418

11

3

4

160 Western Avenue

Gloucester

MA

$3,900,000

81

2.46A

5,996

13

5

5

129 Atlantic

Gloucester

MA

$5,890,000

115

1.09A

8,441

16

4

4

9 Drumhack Road

Gloucester

MA

$9,250,000

561

2.34A

10,400

14

3

4

And you think you have competition when you sell your house!  Just think of trying to compete in this $Million market when you have to always be ready for a showing.  And, these buyers are very particular.

DOM stands for Days On Market.