Alexandria Community Information
Alexandria Community Information
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 32 , down 74.0 % from 123 days last month and down 60.0 % from 80 days in February of last year . The February 2017 DOM was at its lowest level compared with February of 2016 and 2015 .
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 2017 Selling Price per Square Foot of $ 387 was up 5.6 % from $ 367 last month and down 3.1 % from 400 in February of last year .
Selling Price vs Original Listings 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 2017 Selling Price vs Original List Price of 96.9 % was up from 85.3 % last month and up from 95.6 % in February of last year .
Days On Market for Sold Properties
180 |
160 |
140 |
120 |
97 |
100 |
80 |
80 |
60 |
40 |
32 |
20 |
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0 |
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-20 |
M
A M J
14
|
J |
A |
S O N D
J
F M A M J
15
|
J |
A |
S O N D
J
F M A M J
16
|
J |
A |
S O N D
J
F
17
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Selling Price per Square Foot |
3 Mo Avg |
750 700 650 600 550 500 450 400 350 300 250
105 % 100 % 95 % 90 % 85 % 80 %
478
|
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 |
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15 |
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16 |
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17 |
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400
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.2 % 95.6 %
3 Mo Avg
3 Mo Avg
387
96.9 %
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in February 2017 was 21 , up 75.0 % from 12 last month and up 110.0 % from 10 in February of last year .
75 % |
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M
A M J
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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 |
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15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
70 60 50 40 30 20
45
48 53 55 54
49 58 58
52
39
34
33 44 44 45 48 49
45 45 43
39
29 29
34 39 38
48 45 43
38 42 41
35
31 33
43
10 0
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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 |
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15 |
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16 |
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17 |
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c o l d w e l l b a n k e r h o m e s . c o m | 45