MA ARCHIVED February 2017 | Page 44

Market Action Report February 2017
Community Information
Market Action Report February 2017

County : Alexandria City

Price Range : $ 1,000,000 and Up | 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
$ 1,769,999
0 %
23 %
Average List Price of all Current Listings
$ 2,103,412
0 %
32 %
February Median Sales Price
$ 1,180,000
-30% -2% -13%
-2%
$ 1,417,500
5 %
18 %
February Average Sales Price
$ 1,260,486
-31% -13% -21% -10%
$ 1,545,868
4 %
11 %
Total Properties Currently for Sale ( Inventory )
43
30 %
26 %
February Number of Properties Sold
4
0 %
-50%
8
-38%
February Average Days on Market ( Solds )
32 -74% -51% -60% -44%
77
10 %
35 %
Asking Price per Square Foot ( based on New Listings )
$ 470
-6%
0 %
46 %
16 %
$ 480
51 %
18 %
February Sold Price per Square Foot
$ 387
6 %
-11% -3%
4 %
$ 375
5 %
1 %
February Month ' s Supply of Inventory
10.8
30 %
52 % 153 % 73 %
9.5
89 %
53 %
February Sale Price vs List Price Ratio
96.9 %
13.6 % 3.2 % 1.4 % 2.0 %
91.1 %
-5%
-4%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Alexandria

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
3 Mo Avg
Property Sales
18
February Property sales were 4 , down 50.0 % from 8 in February of 2016 and the same as the 4 sales last month . February 2017
Property sales were
Sales at their lowest level compared to February of 2016
18
February Property sales were 4 , down 50.0 % from 8 in February and 2015 . February YTD sales of 8 are running 38.5 % behind of 2016 and the same as the 4 sales last month . February 2017
16 last year ' s year-to-date sales of 13 . sales were at their lowest level compared to February of 2016
14 and 2015 . February YTD sales of 8 are running 38.5 % behind
12 last year ' s year-to-date sales of 13 .
16
14
12
10
8
Number of Properties Sold
3 Mo Avg
10
6
8
4
6
2
4
0
2
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
0
14
15
16
17
M
A M J
Prices
14
The Median Sales Price in February was $ 1,180,000 , down
Prices
2,200
12.9 % from $ 1,354,000 in February of 2016 and down 30.1 %
The from Median $ 1,687,500 Sales Price last month in February . The was Average $ 1,180,000 Sales , Price down in
2,200
12.9 % from $ 1,354,000 in February of 2016 and down 30.1 %
2,000
February was $ 1,260,486 , down 21.2 % from $ 1,598,964 in from
February $ 1,687,500 of 2016 last and month down . The
31.2 Average % from Sales $ 1,831,250
Price in last month
2,000 .
1,800
February was $ 1,260,486 , down 21.2 % from $ 1,598,964 in
February 2017 ASP was at the lowest level compared to
February of 2016 and down 31.2 % from $ 1,831,250 last month .
February of 2016 and 2015 .
1,8001,600
February 2017 ASP was at the lowest level compared to
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
Median
15 Sales Price and Average
16 Sales Price
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
February of 2016 and 2015 .
1,600
1,400
1,400
1,200
1,200
1,000
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
M
A
14 M J
J
A S O N D
J
F M15A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F
17
14
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
February Total Inventory was 43 , up of Properties 30.3 % from available 33 last for month sale as and of up 26.5 %
February was 43 , up 30.3 % from 33 last month and up 26.5 %
70 from 34 in February of last year . February 2017 Inventory was from at its 34 highest in February level compared of last year . with February February 2017 of Inventory 2016 and was 2015 .
60 at its highest level compared with February of 2016 and 2015 .
50
40
30
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The February 2017 MSI of 10.8
20 higher MSI is better for buyers . The February 2017 MSI of 10.8 months was at its highest level compared with February of 2016 months was at its highest level compared with February of 2016
10 and and 2015
2015 .
.
0
Total Inventory & Month ' s Supply of Inventory ( MSI )
70
16.0
60
14.0
50
12.0
40
10.0
30
8.0
20
6.0
4.0
10
2.0
0
0.0
M
A
M AJ
MJ AJ
SJ
OA NS DO JN FDMJ
AFMM J
AJ
MA JS JO AN SD OJ
NF MD AJ
MF MJ JA AM SJ
OJ
NA DS J
OF N D J
F
14
14
15
15
16
16
17
17
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
4 45
11 48
4 6
11 10
53
48 55
45
6 53 54
10
55
58 54 58
49
7 9
49 52
4
58
39 7
58 6
52
34
33 8 5 9
39 44
44 45
34 33
9
7 9 4 7 6 8 5 9 9 7 9 16
7 7
44 48 44 49 45
9 10 48
45 45
16 49 43
7 45 39
10 45
6 43
29 29
6 39
34 7 6
39 38
29 29
5 48 34
6 6 7 6 5 8 4 4
8 13
4 7
39 45
38 43 38
4 12 48
13
45
42 41
7
43
38
35 12 31
42 7 33
7 6 5 4
6
14 41 43 35
5 31
4
4 4
33 14
43 4 4
44 | 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 : $ 1,000,000 and Up | 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 .