MA ARCHIVED April 2017 | Page 66

Market Action Report April 2017
Community Information
Market Action Report April 2017

County : Manassas City

Price Range : All | Properties : SFH - Con
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
$ 419,900
4 %
13 %
Average List Price of all Current Listings
$ 396,952
3 %
5 %
April Median Sales Price
$ 325,000
-12% -5%
-4%
-7%
$ 341,000
-3%
-3%
April Average Sales Price
$ 301,896
-15% -7%
-4%
-10%
$ 325,754
-1%
-3%
Total Properties Currently for Sale ( Inventory )
49 -13%
-35%
April Number of Properties Sold
35
6 %
21 %
102
10 %
April Average Days on Market ( Solds )
25 -38% -39% -53% -40%
41
-34%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 172
3 %
1 %
8 %
8 %
$ 170
10 %
7 %
April Sold Price per Square Foot
$ 164
-4%
-1%
15 %
4 %
$ 165
6 %
5 %
April Month ' s Supply of Inventory
1.4 -18% -18% -46% -40%
2.0
-20%
-15%
April Sale Price vs List Price Ratio
97.4 % -1.1% -. 1 % -. 7 %
. 4 %
97.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
50
April Property sales were 35 , up 20.7 % from 29 in April of 2016 and 6.1 % higher than the 33 sales last month . April 2017 sales
45
Property were at their Sales highest level compared to April of 2016 and
201550 .
40
April Property YTD sales sales of were 102 are 35 , running up 20.7 % 9.7 from % ahead 29 in April of last of year 2016 ' s yearto-date 6.1 % sales higher of than 93 . the 33 sales last month . April 2017 sales
45 and were at their highest level compared to April of 2016 and 2015 .
40
35
30
April YTD sales of 102 are running 9.7 % ahead of last year ' s yearto-date
35
25
sales of 93 .
30
20

Manassas

Agent Name
Title Phone Website Other

Community Information

25 15
Number of Properties Sold
20
10
15
5
10
0
5
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
0
14
15
16
17
Prices
The Median Sales Price in April was $ 325,000 , down 3.7 % from
M
14
J
J
A S O N D
J
FMedian M A M J Sales
J A SPrice O N Dand
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
15
16
17
3 Mo Avg
Prices
$ 337,500 in April of 2016 and down 12.2 % from $ 370,000 last
The month Median . The Sales Average Price Sales in April Price was in $ 325,000 April was , down $ 301,896 3.7 % from , down
$
4.2 337,500 % from in April $ 315,281 of 2016 in April and down of 2016 12.2 and % from down $ 370,000 15.2 % from last
390
390
370
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 356,021 . The last Average month Sales . April Price 2017 in April ASP was $ at 301,896 the lowest , down level
4.2 compared % from $ to 315,281 April in of April 2016 of and 2016 2015 and . down 15.2 % from
$ 356,021 last month . April 2017 ASP was at the lowest level
370
350
350
330
compared to April of 2016 and 2015 .
330
310
310 290
290 270
39 29 35 30 27 13 16 16 17 16 18 20 40 37 30 30 35 23 19 21 20 21 23 29 37 45 29 42 30 32 22 21 16 18 33 35
270
250
250
M
M
J
14
J
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
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of April
The was Total 49 , down Inventory 12.5 % of from Properties 56 last available month for and sale down as of 34.7 April % from was
75 in 49 , April down of 12.5 last % year from . 56 April last 2017 month Inventory and down was 34.7 at % its from lowest
120
120
100
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
6.0
5.0
75 level in April compared of last year with . April of 2017 2016 Inventory and 2015 was . at its lowest level compared with April of 2016 and 2015 .
100
80
5.0
4.0
80
60
4.0
3.0
60
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
40 higher MSI is better for buyers . The April 2017 MSI of 1.4 higher months MSI was is better at its lowest for buyers level . The compared April 2017 with MSI April of 1.4 of 2016 and
20 months
2015 . was at its lowest level compared with April of 2016 and
2015 .
0
3.0
40
2.0
20
1.0
0
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
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
14
15
16
17
14
15
16
17
2.0
1.0
0.0
77 39
77
79 79
29 79
35 79
30 67
67 70 69
27 70 63
13 69
16 63
16 51
51 54 50
17
81 54
16
89 50
18
93 81
20
108 89
Number of Properties Sold
40 93
95 94
37 108 84
30 95 75
30
94 64
35
84
75 23
55 56
64 19
55
49 51
21
75 56
20 81 49
21 76 51
23
86 75 29 81 81
37 76 72
45 86
64 29 81
55 42 72
48 44
30 64
37 32 55
3 Mo Avg
22
56 48
49 21 44
16 37
3 Mo Avg
18 56
33
49 35
66 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | 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 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 .