MA ARCHIVED July 2016 | Page 60

Market Action Report Fauquier County: Fauquier July 2016 Title Phone Agent Name Website TitleOther Community Information Price Range: All | Properties: SFH - Con Phone Website Month Other $510,000 Market Profile & Trends Overview Median Price all Current Listings Price Range: AllList | Properties: SFHof - Con LM Trending versus*: L3M PYM LY 5% 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 (In ventory) 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 4.7 24% 96.9% .2% 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% 140 $437,765 -11% $374,900 $437,765 3% 595 4% 67 595 $169 15% 67 $153 -18% 5.6 6% $169 $153 96.1% 3% -40% 6% 6% -34% 2.8% 3% 4% 15% -18% 1% 3% 1% -17% 6% 2% 3% -17% 2% -19% 2% -20% 1% 2% 2% -34% -20% 2% 3 Mo Avg Number of Properties Sold 3 Mo Avg 100 Prices The Median Sales Price in July was $366,400, down 0.2% from Prices $367,000 in July of 2015 and down 2.3% from $375,000 last The Median Sales Price Sales in JulyPrice was $366,400, 0.2% from month. The Average in July wasdown $385,800, down 600 $367,000 in July of 2015 and down 2.3% from $375,000 last 9.9% from $428,381 in July of 2015 and down 16.0% from month. The Average Sales Price in July was $385,800, down $459,490 last month. July 2016 ASP was at the lowest level 550 9.9% from $428,381 in July of 2015 and down 16.0% from compared to July of 2015 and 2014. 500 130 99 108 92 61 49 56 74 56 71 82 106 80 93 94 64 55 53 53 62 70 68 65 104 93 98 90 73 71 56 47 78 86 59 99 130 108 92 61 49 56 74 56 71 82 80 106 93 94 64 55 53 53 62 70 68 65 98 90 73 71 56 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 47 0 82 20 78 20 86 40 59 40 99 60 99 60 82 80 0 $459,490 last month. July 2016 ASP was at the lowest level compared to July of 2015 and 2014. Trending versus*: YTD Prior YTD Prior Year $374,900 3% 1% 5.6 -19% 1.3% Number 2.8% 1% of96.1% Properties Sold 8% -13% July Property sales were 99, down 6.6% from 106 in July of 2015 and 23.8% lower than the 130 sales last month. July 2016 sales 120 Property Sales were at their lowest level compared to July of 2015 and 2014. 140 July Property sales were 99, down 6.6% from 106 in July of 2015 100 July YTD sales of 595 are running 14.9% ahead of last year's and 23.8% lower than the 130 sales last month. July 2016 sales 120 year-to-date sales level of 518. were at their lowest compared to July of 2015 and 2014. 80 July YTD sales of 595 are running 14.9% ahead of last year's year-to-date sales of 518. Trending versus*: Prior YTD Prior Year YTD 9% $1,034,303 Trending -4% versus*: 3% Month LM -2% L3M PYM LY $366,400 -2% -0% $510,000 5% 9% $385,800 -16% -13% -10% $1,034,303 -4% 3% 462 -5% -19% $366,400 -2% -2% -0% 1% 99 -24% -7% $385,800 -16% -13% -10% -11% 49 2% -18% 462 -5% -19% -30% $175 1% 1% -2% 99 -24% -7% $159 9% 3% 6% 49 2% -18% -30% -40% $175 4.7 1% 24% 1% 8% -2% -13% 6% .2% 1.3% $15996.9% 9% .2%3% 6% 6% Average List Price of all Current Listings 104 County: Fauquier Agent Name 93 Market Action Report July 2016 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 and Average Sales Price 13 14 15 16 3 Mo Avg 600 Median Sales Price and Average Sales Price 3 Mo Avg 550 500 450 450 400 400 350 350 300 300 250 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 Inventory & MSI 400 300 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 437 448 437 450 423448 379 450 351 423 334 379 364 351 334432 364 482 487 432 510 482 514 487 542 510 534 514 484 542 420 534 400 484 393 420 454 400 508 393 553 454 570 567 508 556 553 563570 536 567 502 556 433 563 393 536 377 502 402 433 468 393 496 377 488 402 462 Inventory & MSI of Properties available for sale as of July The Total Inventory The of Properties available forand saledown as of 18.5% July from 600 wasTotal 462,Inventory down 5.3% from 488 last month was down from 488 month and down from 600 567462, in July of5.3% last year. Julylast 2016 Inventory was18.5% at its lowest 500 567 in July of last year. July 2016 Inventory was at its lowest 500 level compared with July of 2015 and 2014. level compared with July of 2015 and 2014. 400 300 10.0 8.0 468 496 488 462 250 6.0 4.0 A comparatively lower MSI is more beneficial for sellers while a 200 A comparatively lower MSI is more beneficial for sellers while a 200 higher MSI is better for buyers. The July 2016 MSI of 4.7 higher MSI is better for buyers. The July 2016 MSI of 4.7 2.0 100 100 monthswas was lowest level compared of 2015 months atat itsits lowest level compared withwith JulyJuly of 2015 and and 0 2014. 0 0.0 2014. S O M JA JMA J S J O AN SD OJ NF DM JA M F M A S A O N D N J FD MJ AF M J AJ M A SJ OJ NA DS JO FNMD A JMF 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 60 | 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. 10.0 8.0 6.0 4.0 2.0 0.0