MA ARCHIVED April 2016 | Page 47

Market Action Report

April 2016

Alexandria

County: Alexandria City

Agent Name
Title
Phone
Website
Other

Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Con

Days On Market for Sold Properties
Market Time

The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for April was 52, up 420.0% from 10
days last month and up 36.8% from 38 days in April of last year.
The April 2016 DOM was at a mid level compared with April of
2015 and 2014.

3 Mo Avg

250
200
150
100
50

52

38

31

0
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-50

Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The April 2016 Selling Price per Square Foot of $326 was up
13.3% from $288 last month and down 13.2% from 376 in April
of last year.

3 Mo Avg

700
650
600
550
500
450

406

376

400

326

350
300
250

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Selling Price versus Listing Price Ratio

Selling Price vs Original Listings Price

The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The April 2016 Selling Price vs Original List
Price of 96.9% was up from 95.6% last month and up from
96.6% in April of last year.

3 Mo Avg

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

102%
100%
98%
96%
94%
92%
90%
88%
86%
84%
82%
80%

96.9%

96.6%

95.9%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

70

41

40
30

30

20

35

39

45

43

45

48

46

33

34

35

39

44

44

49

58
52

58
49

54

53
48

45
41

43
37

46
42

39

30

50

40

55

50

55

60

41

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 2016 was 22, down 4.3% from 23 last month and up
29.4% from 17 in April of last year.

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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Con
Data is provided courtesy of Coastal Association of REALTORS of MD, Inc., Metropolitan Regional Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
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 .

c o l dw el l b a n k er h o m es.c o m

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