MA ARCHIVED February 2016 | Page 58

Falls Church

MARKET ACTION REPORT
MARKET
REPORT
County: FallsACTION
Church City

County: Falls Church City

February 2016
February 2016

Agent Name

Title
Agent
Phone Name
Title
Website
Other
Phone
Website
Trending versus*:
Other

Community Information

Price Range: $1,000,000 and Up | Properties: SFH - Condo

Price
Range: $1,000,000
and&
Up Trends
| Properties: SFH
- Condo
Market
Profile
Overview

Month

LM

L3M PYM

Trending versus*:

YTD

LY

Prior YTD

Prior Year

Trending versus*:
Trending versus*:
$1,437,000 -6%
15%
LM L3M PYM
LY
Market
Profile
Overview
Month -4%
YTD Prior YTD Prior Year
$1,403,738
Average List
Price of&
allTrends
Current Listings
14%
$1,437,000
$1,200,000 -17%
Median
List
Price of
all Current
-6%
15% -4% $1,413,500
February
Median
Sales
Price Listings
-1% -11%
4%
13%
$1,403,738
$1,200,000
$1,446,750
Average
List
Price
of
all
Current
Listings
-4%
14%
February Average Sales Price
-22%
-6%
-5%
-6%
12%
14%
$1,200,0008 -17%
February
Median Currently
Sales Price
-4% $1,413,500
4%
13%
Total Properties
for Sale (Inventory)
0% -1% -11%
14%
$1,200,000
$1,446,750
1
4
February
Price
-22%
-5%
-6%
12%
14%
FebruaryAverage
NumberSales
of Properties
Sold
-67% -6% -67%
-33%
8 -23%
109
134 109%
Total
Properties
Currently
Sale (Inventory)
0% 70% 14% 95%
February
Average
Days onfor
Market
(Solds)
139%
1 -67%
$362
$3264
February
Number
of Properties
Sold on New Listings)
-33%
Asking Price
per Square
Foot (based
24% 16% -67%
43% 23%
28%
11%
$343
$282
109 -23%
134 109%
FebruaryAverage
Sold Price
peron
Square
Foot
31% 70%
14% 14%
20% 16%
0%
-5%
February
Days
Market
(Solds)
95%
139%
8.0 200%
5.3 167%
$362
$326
February
Month's
Supply
of Inventory
85% 243%
-5%
Asking
Price
per Square
Foot
(based on New Listings)
24% 16%
43% 42%
23%
28%
11%
92.4%
94.9%
$343 -3.4%
$282 -3.3%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
-3.5%
February
Square
31% -5.0%
14% -5.4%
20% -6.1%
16%
0%
-5%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
8.0 200% 85% 243% 42%
5.3 167%
February Month's Supply of Inventory
-5%
of Properties
92.4% -3.4% -5.0% Number
94.9% Sold
February Sale Price vs List Price Ratio
-5.4% -6.1%
-3.3%
-3.5%3 Mo Avg
Median List Price of all Current Listings

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / 8YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

1
0

Prices

The Median Sales Price in February was
$1,200,000, down 11.1% from $1,350,000 in
Prices
February of 2015 and down 16.8% from $1,442,000
The
Price in Sales
February
lastMedian
month. Sales
The Average
Pricewas
in February
$1,200,000,
downdown
11.1%5.0%
fromfrom
$1,350,000
in in
was $1,200,000,
$1,262,500
February
of
2015
and
down
16.8%
from
$1,442,000
February of 2015 and down 21.5% from $1,529,000
last
Average
Sales
Price
lastmonth.
month. The
February
2016
ASP
was in
at February
a mid range
was
$1,200,000,
down
5.0%
from
$1,262,500
in
compared to February of 2015 and 2014.
February of 2015 and down 21.5% from $1,529,000
last month. February 2016 ASP was at a mid range
compared to February of 2015 and 2014.

Number of Properties Sold

3 Mo Avg

0
0
2
6
7
1
1
2
2
2
0
1
3
2
5
3
6
6
4
4
2
3
3
3
1
2
2
1
2
1
5
2
3
3
3
1

7
86
75
64
53
42
31
20

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
13
14
15
16

0
0
2
6
7
1
1
2
2
2
0
1
3
2
5
3
6
6
4
4
2
3
3
3
1
2
2
1
2
1
5
2
3
3
3
1

Property Sales

February Property sales were 1, down 66.7% from 3
in February of 2015 and 66.7% lower than the 3
Property
Sales
sales last month. February 2016 sales were at their
February Property sales were 1, down 66.7% from 3
lowest level compared to February of 2015 and
in February of 2015 and 66.7% lower than the 3
2014. February YTD sales of 4 are running 33.3%
sales last month. February 2016 sales were at their
behind last year's year-to-date sales of 6.
lowest level compared to February of 2015 and
2014. February YTD sales of 4 are running 33.3%
behind last year's year-to-date sales of 6.

M A M J J Median
A S O N D
J F M
A M Jand
J AAverage
S O N D Sales
J F M A
M J J A S O N D J F
Sales
Price
Price
14
15
16
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)

(000's)
13

1,600
1,500

Median Sales Price and Average Sales Price

1,600
1,400

Median means Middle (the same # of properties sold above and below the Median)

(000's)

3 Mo Avg

1,500
1,300
1,400
1,200
1,300
1,100
1,200
1,000

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
13
14
15
16

1,100
1,000

M A M J Total
J A S O
N D J F M&
A M
J J A S Supply
O N D J of
F MInventory
A M J J A S(MSI)
O N D J F
Inventory
Month's
13
14
15
16

Inventory & MSI

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

7

7
7
7

7

5

6

5

6

7
7

8
8
8

8
8

9

7

8
8

9

16

12

9

9

13
14
14

7
7
7

11
10
10
5

9
9

12
12

12

13
14
14

11
10
10

9
9

12
12

11

5

11

6

7

8
8
8

7
7

6

10

10

14

10

13
13

10

13
13

14

16

18
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 8, equal to 8 last month and up 14.3%
16
Inventory
& MSI
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
from 7 in February
of last year. February 2016 Inventory 14
18
The
of Properties
for sale
as of
wasTotal
at itsInventory
highest level
compared available
with February
of 2015
12
and 2014.
February
was 8, equal to 8 last month and up 14.3%
16
10
from 7 in February of last year. February 2016 Inventory 14
8
was at its highest level compared with February of 2015
126
A comparatively
lower MSI is more beneficial for sellers
and
2014.
104
while a higher MSI is better for buyers. The February
82
2016 MSI of 8.0 months was at its highest level
60
with February
ofis2015
and
2014. for sellers
Acompared
comparatively
lower MSI
more
beneficial
while a higher MSI is better for buyers. The February
4 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
14
15
16
2016 MSI of 8.0 months was at its highest level
2 13
compared
February
2015Range:
and 2014.
Copyright ©with
Coldwell
Banker of
| Price
$1,000,000 and Up | Property
Types:
SFH
Condo
0

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association
andNSussex
not N
reflect
M A M ofJRealtors
J A MLS
S O
D JCounty
F Mof Realtors
A M JMLS
J and
A may
S O
D allJrelevant
F M real
A estate
M J activity.
J A Coldwell
S O NBanker
D J F
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or13
seller to verify any and all information 14
relevant to such consumer’s real estate transaction.
15
16

Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo

Data is provided
Metropolitan
58
| ccourtesy
o l dofw
e l l bRegional
a n kInformation
e r h oServices
m e sIncorporated,
. c o mThe 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.

16
14
12
16
10
14
8
12
6
10
4
8
2
6
0
4

2
0