MA ARCHIVED December 2017 | Page 74

Market Action Report December 2017
Community Information
Market Action Report December 2017

County : Spotsylvania

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
$ 372,445
1 %
7 %
Average List Price of all Current Listings
$ 409,616
-2%
7 %
December Median Sales Price
$ 269,900
-3%
-1%
3 %
3 %
$ 277,950
6 %
6 %
December Average Sales Price
$ 282,488
-8%
-7%
-9%
-3%
$ 305,544
5 %
5 %
Total Properties Currently for Sale ( Inventory )
440 -18%
-13%
December Number of Properties Sold
135
-2%
-8%
2,046
6 %
December Average Days on Market ( Solds )
56
-7%
6 %
-27%
-5%
49
-17%
-17%
Asking Price per Square Foot ( based on New Listings )
$ 145
7 %
4 %
5 %
9 %
$ 136
2 %
2 %
December Sold Price per Square Foot
$ 130
-5%
-2%
2 %
3 %
$ 132
5 %
5 %
December Month ' s Supply of Inventory
3.3 -16% -11% -5%
-19%
3.5
-13%
-13%
December Sale Price vs List Price Ratio
95.9 %
. 1 %
-. 4 %
. 5 %
-. 8 %
97.2 %
0 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
250
December Property sales were 135 , down 8.2 % from 147 in
December of 2016 and 2.2 % lower than the 138 sales last month .
Property
December Sales 2017 sales were at their lowest level compared to
250
200
December Property of 2016 sales and were 2015 . 135 December , down 8.2 YTD % from sales 147 of in 2,046 are
December running 6.3 of 2016 % ahead and of 2.2 last % lower year ' than s year-to-date the 138 sales sales last of month 1,924 .
December 2017 sales were at their lowest level compared to
200
150
December of 2016 and 2015 . December YTD sales of 2,046 are
running 6.3 % ahead of last year ' s year-to-date sales of 1,924 .
150
100

Spotsylvania

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100 50
50
0
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
15
16
17
Prices
The Median Sales Price in December was $ 269,900 , up 3.0 %
J
F M A M J
15
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A M Price J
J
A S O N D
16
17
3 Mo Avg
Prices from $ 262,000 in December of 2016 and down 2.6 % from
The
$ 277,000 Median last Sales month Price . in The December Average was Sales $ 269,900 Price in , up December 3.0 % was from
$ 282,488 $ 262,000 , down in December 8.9 % from of $ 2016 310,145 and in down December 2.6 % from of 2016 and
340
340
320
Median Sales Price and Average Sales Price
3 Mo Avg
$ down 277,000 7.5 last % from month $ 305,405 . The Average last month Sales . Price December in December 2017 ASP was was
$ 282,488 , down 8.9 % from $ 310,145 in December of 2016 and
320 at the lowest level compared to December of 2016 and 2015 . down 7.5 % from $ 305,405 last month . December 2017 ASP was
300
300
280
at the lowest level compared to December of 2016 and 2015 .
280
260
260 240
240 220
88 91 135 142 164 200 176 159 158 142 113 163 100 94 131 178 187 231 199 191 169 148 149 147 104 113 168 182 238 236 195 198 178 161 138 135
220
200
200
J
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
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 440 of , down Properties 17.6 % available from 534 for last sale month as of and down
December
12.5 % from was 503 440 in , down December 17.6 % of from last 534 year last . December month and 2017 down
900
12.5
Inventory % from 503 was in at December its lowest of level last compared year . December with December 2017 of
800
900
800
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
8.0
7.0
6.0
Inventory
2016 and was 2015 at . its lowest level compared with December of
700
2016 and 2015 .
600
500
A comparatively lower MSI is more beneficial for sellers while
400 a
A comparatively lower MSI is more beneficial for sellers while a
300 higher MSI is better for buyers . The December 2017 MSI of 3.3 higher MSI is better for buyers . The December 2017 MSI of 3.3
200 months was at its lowest level compared with December of 2016 months was at its lowest level compared with December of 2016
100 and 2015 . and 2015 .
0
600
6.0
500
5.0
400
4.0
300
3.0
200
2.0
100
1.0
0
0.0
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 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
15
16
17
5.0
4.0
3.0
2.0
1.0
0.0
591
88 91 135 142 164 200 176 159 158 142
579
636 591
579 709
636 772
788 709
799 772
784 788
765 799 710 784
632 765
578 710
530 632
542
578 601 530 652 542 666 675
601
694 652
686 666
655 675
618 694
547 686
503 655
113 163 100 94 131 178 187 231 199 191 169 148 149 147 104 113 168 182 238 236 195 198
475 618
482 547
539 503
475 577
482 613 653
539 645 577 664 613 657
653 615
645 534
664 440
657 178 615
161
534 138
440 135
74 | 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 .