MARKET ACTION REPORT April 2010

Linda Edelwich
MLS Area: Farmington
860-818-3610

Price Range: All | Properties: Single Family

Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $577,400 -2% -5%
Average List Price of all Current Listings $819,957 -2% -12%
April Median Sales Price $384,500 33% 2% 10% 6% $376,250 19% 4%
April Average Sales Price $464,041 37% -14% -14% 0% $539,053 9% 16%
Total Properties Currently for Sale (Inventory) 170 11% 30%
April Number of Properties Sold 15 114% -6% 38 0%
April Average Days on Market (Solds) 71 -11% -11% 42% 13% 80 40% 27%
Asking Price per Square Foot (based on New Listings) $198 11% 4% 2% 4% $191 -1% 0%
April Sold Price per Square Foot $175 6% 1% -0% 1% $174 -3% 0%
April Month's Supply of Inventory 11.3 -48% -40% 38% -4% 17.2 17% 45%
April Sale Price vs List Price Ratio 95.9% -5.5% 2.1% .1% -.5% 93.9% -5.1% -2.6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

35
Property Sales

33
April Property sales were 15, down -6.3% from 16 in 30
29

April of 2009 and 114.3% higher than the 7 sales last 25

26

month. April 2010 sales were at a mid level

23
20

21

20

20
compared to April of 2009 and 2008. April YTD

19
19
18

15 16

16
sales of 38 are running equal to last year's year-to-
15
15

15

15
14

13
10
12

12

12
date sales of 38.
11

11

11
10

10

10

10
9

9
8

8
5

7
6
5
0
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 900
The Median Sales Price in April was $384,500, up 800
9.9% from $350,000 in April of 2009 and up 32.6%
700
from $290,000 last month. The Average Sales Price
in April was $464,041, down -13.6% from $537,025 600
in April of 2009 and up 37.0% from $338,689 last 500
month. April 2010 ASP was at the lowest level 400
compared to April of 2009 and 2008. 300
200
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
200 25
The Total Inventory of Properties available for sale as of
180
April was 170, up 11.1% from 153 last month and up
173

160 20
170

29.8% from 131 in April of last year. April 2010

157

153

140
151
150

148
146

146

145

Inventory was at its highest level compared with April of

142
141
141

140
138
137

137
136

132
132

120 15
131
130

129

127

2009 and 2008.

123
122
121

121

121
120
118

118
117

117

100
110
110

80 10
A comparatively lower MSI is more beneficial for sellers 60
while a higher MSI is better for buyers. The April 2010 40 5
MSI of 11.3 months was at a mid level compared with 20
April of 2009 and 2008. 0 0
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Connecticut and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT April 2010
Linda Edelwich
MLS Area: Farmington
860-818-3610

Price Range: All | Properties: Single Family

Days On Market for Sold Properties

Market Time Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 112
120
sells. An upward trend in DOM tends to indicate a move
100
towards more of a Buyer's market, a downward trend a 71
move towards more of a Seller's market. The DOM for 80
April was 71, down -11.3% from 80 days last month and 50
60
up 42.0% from 50 days in April of last year. The April 40
2010 DOM was at a mid level compared with April of
20
2009 and 2008.
0
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
07 08 09 10

Selling Price per Square Foot

Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot 250
The Selling Price per Square Foot is a great indicator for 240
the direction of Property values. Since Median Sales 230
Price and Average Sales price can be impacted by the 220
'mix' of high or low end Properties in the market, the 210
selling price per square foot is a more normalized 200
indicator on the direction of Property values. The April 190 176 175
2010 Selling Price per Square Foot of $175 was up 6.0% 180
165
from $165 last month and down -0.4% from 176 in April 170
of last year. 160
150
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg

104%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 102%
average amount that Sellers are agreeing to come down
100%
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio 98%
95.5% 95.8% 95.9%
at or above 100% indicates more of a Seller's market.
96%
The April 2010 Selling Price vs Original List Price of
95.9% was down from 101.5% last month and up from 94%
95.8% in April of last year.
92%

90%
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 200 Inventory New Listings Sales
This last view of the market combines monthly 180
173

160
170

inventory of Properties for sale along with New Listings

157

153

140
151
150

148
146

146

145

and Sales. The graph shows the basic annual

142
141
141

140
138
137

137
136

132
132

120
131
130

129

127

seasonality of the market as well as the relationship

123
122
121

121

121
120
118

118
117

117

100
110
110

between these items. The number of New Listings in

80
April 2010 was 38, down -11.6% from 43 last month and
60
up 18.8% from 32 in April of last year.
40
20
0
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Connecticut and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Inventory / Listings / Sales April 2010
Linda Edelwich
MLS Area: Farmington
860-818-3610

Price Range: All | Properties: Single Family

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic
annual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2010 was 38, down -
11.6% from 43 last month and up 18.8% from 32 in April of last year.

200 Inventory New Listings Sales

180

173

170
160

157

153
151
150

148
146

146
140

145
142
141
141

140
138
137

137
136

132
132

131
130

129

127
120

123
122
121

121

121
120
118

118
117

117
110
110
100

80

60
54

49
48

48
40

45

44
43

43
41

39
38

38

38
35

35
34

34
33
32

32

32

32

32
31
30

30

30
29

29

27
26
26

26

20
25
23

23
21

20

20
19

19

19

19
18

16

16
15

15

15

15
14

13
12

12

12

12
10
11

11

10

11

10

11

10
9

9
8

7
0
M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family
Data is provided courtesy of Connecticut and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.