MA ARCHIVED December 2017 | Page 34

Market Action Report
December 2017
County: Fairfax City CITY
FAIRFAX
Market Action Report
Agent Name
December 2017
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Fairfax
City
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
LM
Trending versus*:
L3M PYM
LY
Trending versus*:
Prior YTD Prior Year
YTD
$1,249,950 4%
-7%
Trending versus*:
$1,281,138 Trending
0% versus*:
-24%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
$1,190,106
6% $1,126,355
0%
0%
$1,249,950
4% 15% 7%
-7% 3%
$1,190,106
6% -1% 4% $1,148,578
0%
1%
$1,281,138
0% 15% -24%
18 -14%
$1,190,106 15%
7% 3% 6%
6% $1,126,355
0%
0%
1 -50%
34
$1,190,106 15%
6% -1% -75%
4% $1,148,578
0% 21% 1%
0 -100% -100%
49 -44%
-42%
18 -14%
6% -100% -100%
1% 0% 0%
0%
1 $230
-50% 24% -75%
34 $231
21% 1%
0 -100%
-100% -100%
-100% -100%
-100% -100%
49 $221
-44% 24% -42% 23%
$0 -100%
$230 18.0
24% 71%
1% 49%
0% 324%
0% 85% $231 11.1
1% 14% 0%
14%
$0
-100% 2.7%
-100% 4.9%
-100% 4.7%
-100% 6.0% $221 97.8%
24% 4% 23%
100.0%
4%
Average List Price of all Current Listings
Market Profile & Trends Overview
December
Sales
Price Listings
Median
List Median
Price of all
Current
December
Sales
Price Listings
Average
List Average
Price of all
Current
Total Properties
December
Median Currently
Sales Price for Sale (Inventory)
December Average
Number
of Properties
Sold
December
Sales
Price
December
Average
Days for
on Sale
Market
(Solds)
Total
Properties
Currently
(Inventory)
Asking Price
per Square
Foot (based
December
Number
of Properties
Sold on New Listings)
December
Days per
on Square
Market Foot
(Solds)
December Average
Sold Price
Asking
Price Month's
per Square
Foot of
(based
on New Listings)
December
Supply
Inventory
December
per
Foot Ratio
December Sold
Sale Price
Price
vs Square
List Price
* LM=Last Month
/ L3M=Last Supply
3 Months / PYM=Same
Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 18.0 71% 49% 324% 85%
December
Month's
of Inventory
11.1
14%
14%
100.0% 2.7% 4.9% 4.7% 6.0%
4% Sold 4%
Number of 97.8%
Properties
December Sale Price vs List Price Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property Sales
December Property sales were 1, down 75.0% from 4 in
December Sales
of 2016 and 50.0% lower than the 2 sales last month.
Property
8
December
2017 sales
mid level
December
Property
sales were
were at 1, a down
75.0% compared
from 4 in to December
of
2016
and
2015.
December
YTD
sales
of
34
are
running
21.4%
December of 2016 and 50.0% lower than the 2 sales last month. 7
ahead of last
year-to-date
of 28.
December
2017 year's
sales were
at a mid sales
level compared
to December
6
Number of Properties Sold
7
5
Prices
16 Sales Price and Average
17
Median
Sales Price
15
3
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
15
16
17
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
0
0 1 1
2 2
3 3
4 4
5
The Median Sales Price in December was $1,190,106, up 3.1%
Prices
1,400
from
$1,154,600
in December
of 2016
and up 15.4%
from
The
Median
Sales Price
in December
was $1,190,106,
up 3.1%
$1,031,453
last in
month.
The of
Average
Sales
December 1,400 1,350
from
$1,154,600
December
2016 and
up Price
15.4% in
from
was $1,190,106,
down The
1.2%
from $1,204,550
in December
December of 1,350 1,300
$1,031,453
last month.
Average
Sales Price in
2016
and up 15.4%
last month.
December
2017
was
$1,190,106,
down from
1.2% $1,031,453
from $1,204,550
in December
of
1,300 1,250
ASP and
was up
at 15.4%
the lowest
compared
to December
of 2016
2016
from level
$1,031,453
last month.
December
2017 and
1,250 1,200
2015.
ASP
was at the lowest level compared to December of 2016 and
2015.
3 Mo Avg
6
of 2016 and 2015. December YTD sales of 34 are running 21.4%
ahead of last year's year-to-date sales of 28.
8
3 Mo Avg
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,200 1,150
1,150
1,100
1,100
1,050
1,050
1,000
1,000
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 15
M 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 17
A M J J A S O N D
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Total Inventory & Month's Supply of Inventory (MSI)
25.0
20.0 20.0
15.0 15.0
25.0
30.0
30.0
0
5
10
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a 10
higher MSI
MSI
better
buyers.
December
higher
is is
better
for for
buyers.
The The
December
2017 2017
MSI MSI
of of
18.0
was
at at
its its
highest
level
compared
with with
December
of of 5
18.0 months
months
was
highest
level
compared
December
0
2016
2015.
2016 and
and
2015.
15
15
25
20 20
35.0
35.0
30
35
Inventory & MSI
The Total Inventory of Properties available for sale as of
The Total Inventory of Properties available for sale as of
December was 18, down 14.3% from 21 last month and up 5.9% 35
December was 18, down 14.3% from 21 last month and up 5.9%
from 17 17 in in
December
year.
December
2017
Inventory
from
December
of of
last last
year.
December
2017
Inventory
was was
30
highest
level
compared
with
December
of 2016
2015.
at at its its highest
level
compared
with
December
of 2016
and and
2015.
25 10.0 10.0
5.0 5.0
0.0 0.0
J F M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A
N D
J N
F M
J F A M A J M
S O
D A J M F J M J A A M S J O J N A D S O N D
15 15
16
17
16
17
Copyright © | Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
34
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Copyright © Coldwell
Banker Residential Brokerage | 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 Residential Brokerage
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.
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.