MA ARCHIVED February 2016 | Page 59
Falls Church
MARKET ACTION REPORT
County: Falls Church City
February 2016
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 109, down 23.2% from 142 days
last month and up 13.5% from 96 days in February of
last year. The February 2016 DOM was at a mid level
compared with February of 2015 and 2014.
160
140
120
100
80
60
40
20
0
-20
3 Mo Avg
Average Days on Market (Listing to Contract) for properties sold during the month
109
96
83
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
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14
15
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Selling Price per Square Foot
Selling Price per Square Foot
450
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 $343
was up 31.3% from $261 last month and up 19.6% from
287 in February of last year.
3 Mo Avg
Average Selling Price per Square Foot for properties that sold during the month
387
400
343
350
287
300
250
200
150
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14
15
16
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
92.4% was down from 95.7% last month and down
from 97.7% in February of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
104%
102%
100%
97.7%
98%
95.6%
96%
94%
92.4%
92%
90%
88%
86%
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14
15
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Inventory / New Listings / Sales
New Listings
Sales
9
13
14
14
9
11
10
10
7
7
7
7
7
5
6
5
6
7
7
8
8
8
8
8
9
9
12
12
11
10
10
13
13
14
16
Inventory
12
18
16
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 14
12
and Sales. The graph shows the basic annual
seasonality of the market as well as the relationship
10
between these items. The number of New Listings in
8
February 2016 was 4, down 20.0% from 5 last month
6
and equal to 4 in February of last year.
4
2
0
Inventory / New Listings / Sales
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14
15
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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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