MA ARCHIVED July 2016 | Page 53

Market Action Report

July 2016

Culpeper

County: Culpeper

Agent Name
Title
Phone
Website
Other

Community Information
Price Range: All | Properties: SFH - Con

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 July was 68, up 25.9% from 54
days last month and up 44.7% from 47 days in July of last year.
The July 2016 DOM was at a mid level compared with July of
2015 and 2014.

3 Mo Avg

120
100
80

68
56

60

47

40
20
0
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Selling Price per Square Foot

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 July 2016 Selling Price per Square Foot of $133 was up 4.5%
from $127 last month and up 14.7% from 116 in July of last year.

150
145
140
135
130
125
120
115
110
105
100

3 M o Avg

133

119

116

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Selling Price versus Listing Price Ratio

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 July 2016 Selling Price vs Original List
Price of 98.3% was up from 96.5% last month and up from
96.9% in July of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

99%
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%

98.3%

96.9%
95.3%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

310

297

297

285

267

242

266

261

320

292

350

340

339

332

326

319

317

309

322

290

401

395

382

348

316

282

270

264

266

200

264

250

308

300

284

358

350

370

400

392

450

284

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 July 2016 was 78, down 28.4% from 109 last month and down
28.4% from 109 in July of last year.

150
100
50
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | 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.

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