MA ARCHIVED July 2016 | Page 69

Market Action Report

County: Manassas Park City

July 2016

Manassas Park
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 66, up 144.4% from 27
days last month and up 73.7% from 38 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

90
80
66

70
60
50

38

40

38

30
20
10
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 $158 was down
5.4% from $167 last month and down 5.8% from 167 in July of
last year.

3 Mo Avg

240
220
200
180

167

160

158

145

140
120
100
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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 94.0% was down from 96.3% last month and down from
97.0% in July of last year.

3 Mo Avg

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

104%
102%
100%

97.4%

98%

97.0%

96%

94.0%

94%
92%
90%
88%

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Inventory / New Listings / Sales

26
23

26

25

26

19

22

24

24

23

23
20

25

23

29

29

32

38

36

38

36

36

36

36

34
27

29
22

21
15

13

20

24
17

20

50
45
40
35
30
25
20
15
10
5
0

44

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 July 2016 was 21, up 23.5% from 17 last month and up 16.7%
from 18 in July of last year.

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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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