MA ARCHIVED July 2016 | Page 56

Market Action Report

County: Fairfax

Market Action Report

July 2016

Fairfax County

County: Fairfax

Agent Name

July 2016

Title
Phone
Agent
Name
Website
TitleOther

Community Information

Price Range: All | Properties: SFH - Con

Phone
Website
Month
Other
$699,999

Market Profile & Trends Overview
Median
Price
all Current Listings
Price
Range: AllList
| Properties:
SFHof
- Con

LM

Trending versus*:
L3M PYM
LY

0%

6%

$946,673 Trending
2% versus*: 5%
Month
LM -2%
L3M PYM
LY
$575,000
0% 1%
$699,999
0%
6%
$604,644 -8% -2% -4%
$946,673
2%
5%
2,863 -8%
-18%
$575,000 -2%
0% 1%
5%
1,041 -17%
-6%
$604,644 -8% -2% -4%
0%
38 6% -18%
3% 9%
2,863 -8%
0%
2%
1,041$259
-17% 0% -6%
$246
-2%
-1%
-0%
38 6%
3% 9%
-16%
$259 2.8
0% 11%
0% 3%
2% -13%
1%
$24697.0%
-2% -.5%
-1% -.5%
-0% .1%0%

Average List Price of all Current Listings

Market
Profile
& Trends
July Median
Sales
Price Overview
Median List Price of all Current Listings

July Average Sales Price

Average List Price of all Current Listings

Total Properties Currently for Sale (Inventory)

July Median Sales Price

July Number of Properties Sold

July Average Sales Price

July Average Days on Market (Solds)

Total Properties Currently for Sale (Inventory)

Asking
Priceofper
Square Foot
July
Number
Properties
Sold (based on New Listings)
JulyAverage
Sold Price
July
Daysper
onSquare
Market Foot
(Solds)

July Month's
Inventory
Asking
Price perSupply
SquareofFoot
(based on New Listings)
JulySold
SalePrice
Priceper
vsSquare
List Price
July
FootRatio

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date

July Month's Supply of Inventory
July Sale Price vs List Price Ratio

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date

Property Sales

2.8 11%
97.0% -.5%

5%

Trending versus*:
YTD
Prior YTD Prior
Year
$558,000
0%

$607,468

0%

-.5%

1,400

1%

-1%

0%

$558,000
0%
6,119
$607,468
-1%

5%

1%

1%

0%

1%-2%

1%

44
$257
6,119
44 $249
3.3
$257
$249 97.1%

-16%

0%
-27%
.5%

7%

5%
7%

1%
0%

-2%

1%

-6% 0%

-12%

1%

0% 1%

1%

3.3
-6%
.1% Number
.5%
0%
of97.1%
Properties Sold

3% -13%

July Property sales were 1,041, down 6.1% from 1,109 in July of
2015 and 17.2% lower than the 1,258 sales last month. July
1,200
Property Sales
2016 sales were at a mid level compared to July of 2015 and 1,400
July Property sales were 1,041, down 6.1% from 1,109 in July of
1,000
2014. July YTD sales of 6,119 are running 5.4% ahead of last
2015 and 17.2% lower than the 1,258 sales last month. July
1,200
year's
year-to-date
sales
of 5,807.
2016
sales
were at a mid
level
compared to July of 2015 and
800
2014. July YTD sales of 6,119 are running 5.4% ahead of last
year's year-to-date sales of 5,807.

Trending versus*:
Prior YTD Prior Year

YTD

-27%

-12%
1%

3 Mo Avg

Number of Properties Sold

3 Mo Avg

1,000

800

600

1,041

1,258

1,125

966

543

491

736

695

1,041

1,258

1,125

564

696

726

1,109

875

1,208

1,004

1,109 851

1,208 683

461

1,004 491

747

557

655

626

859

1,038

900

931

783

623

1,038

485

436

676

596

681

951

966

695

543

491

736

564

696

726

875

851

683

491

461

747

557

655

626

859

900

931

783

623

485

436

676

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 M J J
13
14
15
16
681

696

0

0
951

200

596

400 200

696

600 400

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 M J J
Median Sales Price
13
14
15 and Average Sales Price
16
3 Mo Avg

Prices

The Median Sales Price in July was $575,000, up 0.9% from
700
Prices
$570,000 in July of 2015 and down 1.7% from $585,000 last
The
Median
Sales
Price Sales
in JulyPrice
was $575,000,
0.9% fromdown
month.
The
Average
in July wasup$604,644,
700 650
$570,000 in July of 2015 and down 1.7% from $585,000 last
3.6% from $626,923 in July of 2015 and down 8.3% from
month. The Average Sales Price in July was $604,644, down
$659,127 last month. July 2016 ASP was at the lowest level 650 600
3.6% from $626,923 in July of 2015 and down 8.3% from
compared to July of 2015 and 2014.
$659,127 last month. July 2016 ASP was at the lowest level
600
550
compared to July of 2015 and 2014.
550
500
450
400

Inventory & MSI

Median Sales Price and Average Sales Price

3 Mo Avg

500
450
400
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 M J J

14 A M J J A S O N D J F M15A M J J A S O N D J F M A16M J J
A S 13
O N D J F M
13
14
15
16

Total Inventory & Month's Supply of Inventory (MSI)

Total Inventory & Month's Supply of Inventory (MSI)

6.0
5.0

3,161
3,140
3,110
2,863

2,137
2,291
2,137
2,190
1,854 2,291
1,521 2,190
1,5081,854
1,634
1,521
1,906
1,508
1,6342,349
2,832
1,906
2,891
2,349
2,959
2,832
2,998
2,891
3,116
2,959
2,927
2,998
2,352
3,116
1,925
2,927
1,853
2,0292,352
1,925
2,417
1,853 3,062
2,029
3,479
2,417 3,472
3,490
3,062
3,392
3,479
3,387
3,472
3,1943,490
2,604
3,392
2,084
3,387
1,992
3,194
2,139
2,604
2,704
2,084
3,161
1,992
3,140
2,139
3,110
2,704
2,863

Inventory
& MSI of Properties available for sale as of July
The Total Inventory
4,000
The
Inventory
of Properties
available
for sale
as down
of July
wasTotal
2,863,
down 7.9%
from 3,110
last month
and
18.0%
4,000
was
2,863,
down
7.9%offrom
down 18.0%
3,500
from
3,490
in July
last 3,110
year. last
Julymonth
2016 and
Inventory
was at its
3,500
from
3,490
in compared
July of lastwith
year.July
Julyof2016
was at its
lowest
level
2015Inventory
and 2014.
3,000
lowest level compared with July of 2015 and 2014.
3,000
2,500
2,500
2,000
2,000
1,500
A comparatively lower MSI is more beneficial for sellers while 1,500
a
A comparatively lower MSI is more beneficial for sellers while a
1,000
higher
MSI
is
better
for
buyers.
The
July
2016
MSI
of
2.8
1,000
higher MSI is better for buyers. The July 2016 MSI of 2.8
months
was
at
its
lowest
level
compared
with
July
of
2015
and
500 500
months was at its lowest level compared with July of 2015 and
0
2014.
0
2014.

4.0
3.0
2.0

1.0

0.0
S D
O N
F M
A S A
O N
J FD MJ AF MM JA JMA J S JO AN SD OJ NF D
M JA M
J A
J M
A SJ OJ NA DS JO FNMDA JM F J MJ A M J J
14
15
16
13 13
14
15
16

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con
56
| c
o lofdCoastal
w eAssociation
l l b aofnREALTORS
kerh
o m eMetropolitan
s . c oRegional
m Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage
Data
is is
provided
courtesy
of MD,ofInc.,
Data
provided
courtesy
of Coastal
Association of REALTORS
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
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: SFH - Con

does
notnot
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
sellerortoseller
verifytoany
and any
all information
relevant torelevant
such consumer’s
real estate real
transaction.
does
warrant
or guarantee
accuracy
of information.
this information.
It isresponsibility
the responsibility
anyorbuyer
verify
and all information
to such consumer’s
estate transaction.

6.0
5.0
4.0
3.0
2.0

1.0
0.0