MA ARCHIVED February 2016 | Page 66

MARKET ACTION REPORT
MARKET
ACTION
County: Manassas
City REPORT

County: Manassas City

Manassas

February 2016
February 2016

Agent Name

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

Community Information

Price Range: All | Properties: SFH - Condo

Price Range: All | Properties: SFH - Condo

Market Profile & Trends Overview

Month

LM

L3M PYM

Trending versus*:
LY

YTD

Prior YTD

Prior Year

Trending versus*:
Trending versus*:
$363,450 -2%
Median List Price of all Current Listings
10%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prior Year
$370,244
Average List
Price of&
allTrends
Current Listings
4% L3M PYM
19%
$363,450
Median
List
Price
of
all
Current
Listings
-2%
10%
$345,000
$350,000
February Median Sales Price
-3%
1%
3%
5%
17%
6%
$370,244
Average
List
Price of
all Current
4%
$340,570 -8%
$353,979
February
Average
Sales
Price Listings
2% 19%
13%
5%
20%
9%
$345,000
$350,000
February
Median Currently
Sales Price
-3%
1% -12%
3%
5%
17%
6%
44 -15%
Total Properties
for Sale (Inventory)
$340,570
$353,979
February
Average
Sales
Price
-8%
2%
13%
5%
20%
9%
21 17%
39
February Number of Properties Sold
31%
18%
44
Total
Properties
Currently
Sale (Inventory)
73 -15%
80
February
Average
Days onfor
Market
(Solds)
-17% 14% -12%
62% 43%
40%
57%
21 -1 3%
39
February
Number
of Properties
Sold on New Listings)
17% -12% -18%
31% -10%
18%
$141
$155
Asking Price
per Square
Foot (based
-5%
-1%
73 -17%
80
February
Days
Market
(Solds)
43%
40%
57%
$176
$162
FebruaryAverage
Sold Price
peron
Square
Foot
23% 14%
15% 62%
21% 18%
15%
9%
$141
$155
2.1 -13%
2.5
Asking
Price
per Square
Foot
(based on New Listings)
-10%
-5%
-1%
February
Month's
Supply
of Inventory
-27% -12%
-16% -18%
-33% -34%
-21%
-21%
$176 23%
$162
98.3%
98.2%
February
Square
21% 18%
15%
9%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
.4% 15%
.3% 1.1%
.0%
.7%
-.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |2.1
Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged
2.5 (flat)-21%
February
Month's Supply of Inventory
-27% -16% -33% -34%
-21%
of Properties
98.3% .4% .3% Number
98.2% Sold.7%
February Sale Price vs List Price Ratio
1.1%
.0%
-.1%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 45
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

40
Number of Properties Sold
3 Mo Avg
35
45
30
40
25
35
20
30
15
25
10
20
5
15
0
10 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
5 13
14
15
16
0

28
36
34
29
36
31
25
22
33
32
18
14
26
36
39
29
35
30
27
13
16
16
17
16
18
20
40
37
30
30
35
23
19
21
18
21

28
36
34
29
36
31
25
22
33
32
18
14
26
36
39
29
35
30
27
13
16
16
17
16
18
20
40
37
30
30
35
23
19
21
18
21

Property Sales

February Property sales were 21, up 31.3% from 16
in FebruarySales
of 2015 and 16.7% higher than the 18
Property
sales lastProperty
month. February
sales
werefrom
at their
February
sales were2016
21, up
31.3%
16
highest
level
compared
to
February
of
2015
and
in February of 2015 and 16.7% higher than the
18
2014.last
February
sales of
39 sales
are running
sales
month. YTD
February
2016
were at18.2%
their
ahead of last year's year-to-date sales of 33.
highest level compared to February of 2015 and
2014. February YTD sales of 39 are running 18.2%
ahead of last year's year-to-date sales of 33.

Prices

The Median Sales Price in February was $345,000,
up 3.4% from $333,750 in February of 2015 and
Prices
down 3.5% from $357,500 last month. The Average
The Median Sales Price in February was $345,000,
Sales Price in February was $340,570, up 12.8%
up 3.4% from $333,750 in February of 2015 and
from $301,925 in February of 2015 and down 7.9%
down 3.5% from $357,500 last month. The Average
from $369,622 last month. February 2016 ASP was
Sales Price in February was $340,570, up 12.8%
at the highest level compared to February of 2015
from $301,925 in February of 2015 and down 7.9%
and 2014.
from $369,622 last month. February 2016 ASP was
at the highest level compared to February of 2015
and 2014.

Inventory & MSI

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

(000's)
13

390

Median Sales Price and Average Sales Price

370
(000's)

3 Mo Avg

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

350
390
330
370
310
350
290
330
270
310
250
290

270
250

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

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
Total Inventory
& Month's Supply
of Inventory (MSI) 16
13
14
15
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

81

72

61

52
52
44

61

52
52
44

81

72

108

95
92

95
92

50
50
54
54
61
61
58
58
63
63
67
67
71
71
68
68
60
60
51
51
54
54
56
56
58
58
65
65
77
77
79
79
79
79
67
67
70
70
69
69
63
63
51
51
54
54
50
50
81
81
89
89
93
93

108

120
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 44, down 15.4% from 52 last month and
100
Inventory
& MSI
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
down 12.0% from
50 in February of last year. February
120
The
Total
Inventory
available
for sale
as of
2016
Inventory
wasof
atProperties
its lowest level
compared
with
80
February
44, down
15.4% from 52 last month and
Februarywas
of 2015
and 2014.
100
down 12.0% from 50 in February of last year. February
60
2016 Inventory was at its lowest level compared with
80
40
February
of 2015 and
2014.
A comparatively
lower
MSI is more beneficial for sellers
while a higher MSI is better for buyers. The February
60
20
2016 MSI of 2.1 months was at its lowest level compared
40
Awith
comparatively
more beneficial for sellers
February oflower
2015MSI
and is
2014.
0
while a higher MSI is better for buyers. The February
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
20
2016 MSI of 2.1 months was at its lowest level compared
13
14
15
16
with
February
of 2015
and| Price
2014.Range: All | Property Types: SFH - Condo
Copyright
© Coldwell
Banker
0

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association
M A Mof Realtors
J J AMLS
S and
O Sussex
N D County
J F of
MRealtors
A M MLS
J JandAmay
S not
Oreflect
N Dall relevant
J F MrealAestate
M Jactivity.
J AColdwell
S O Banker
N D J F
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller
13 to verify any and all information relevant
14 to such consumer’s real estate transaction.
15
16

Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Condo

Data is provided
Metropolitan
Incorporated,
66
| ccourtesy
o l dofw
e l l bRegional
a n kInformation
e r h oServices
mes
. 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 r eal estate transaction.

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