MA ARCHIVED February 2016 | Page 57
MARKET ACTION REPORT
County: Fairfax
February 2016
Fairfax County
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Condo
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 February was 71, down 26.8% from 97 days
last month and down 35.5% from 110 days in February
of last year. The February 2016 DOM was at its lowest
level compared with February of 2015 and 2014.
120
Average Days on Market (Listing to Contract) for properties sold during the month
97
100
110
3 Mo Avg
71
80
60
40
20
0
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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
February 2016 Selling Price per Square Foot of $273
was up 11.8% from $244 last month and up 1.9% from
268 in February of last year.
300
290
280
270
260
250
240
230
220
210
200
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
273
268
243
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listing 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 February 2016 Selling Price vs Original List Price of
96.3 % was up from 95.7% last month and up from
95.7% in February of last year.
99%
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
3 Mo Avg
96.9%
97%
96.3%
95.7%
96%
95%
94%
93%
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Inventory / New Listings / Sales
Inventory
New Listings
Sales
498
572
654
632
615
590
625
580
490
407
411
461
554
685
743
748
728
715
750
713
612
525
520
558
647
784
885
893
894
872
881
830
686
583
583
655
1,000
Inventory / New Listings / Sales
900
This last view of the market combines monthly
800
inventory of Properties for sale along with New Listings
700
and Sales. The graph shows the basic annual
600
seasonality of the market as well as the relationship
500
between these items. The number of New Listings in
400
February 2016 was 221, up 67.4% from 132 last month
300
and up 25.6% from 176 in February of last year.
200
100
0
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Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo
Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS 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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