MA ARCHIVED July 2016 | Page 72

Market Action Report

July 2016

Title
Phone
Agent
Name
Website
TitleOther

Community Information

Price Range: All | Properties: SFH - Con

Phone
Website
Month
Other
$465,000

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

LM

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 (Sol ds)

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

16%

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

14.7 -72%
89.9% -1.0%

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

$445,500
$482,853

35%

19%
2%
-9%
-.4%

25%

32%

32
27%
137
32 $211 -22%
137 $144 6%
$211 26.1 -9%
$144 91.0%-23%

-35%

32%

27%
-22%

25%

6%

10%

-9%

-7%

-23%10%

-19%

42%-7%

61%

-0%
-19%

1%

-9%

61%
1%

3 Mo Avg

3 Mo Avg

12
10
8

10

6

8

4

6

7

2

6

5

4

6

2

7

14

6

6

8

3

5

9

6

6

8

4

8

2

5

8

12

8

11

7

8

2

3

7

8

7

2

6

5

4

6

2

7

6

14

6

8

3

5

9

6

6

8

4

8

2

5

8

8

12

11

2

3

8

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
3

5

6

0

2

9

5

2

4

0

$482,853

99%

Number of Properties Sold

7

12

-2.4%

Trending versus*:
YTD
Prior YTD Prior
Year
$445,500
35%

86%

26.1
42%
-3.0% Number
-.4%
of91.0%
Properties -0%
Sold

-50% -56%

14

6

July Property sales were 7, up 133.3% from 3 in July of 2015 and
250.0% higher than the 2 sales last month. July 2016 sales were
Property Sales
at a mid level compared to July of 2015 and 2014. July YTD 16
July Property sales were 7, up 133.3% from 3 in July of 2015 and
sales of 32 are running 22.0% behind last year's year-to-date
250.0% higher than the 2 sales last month. July 2016 sales were 14
oflevel
41. compared to July of 2015 and 2014. July YTD
atsales
a mid

Trending versus*:
Prior YTD Prior Year

YTD

-2%

16

9

Property Sales

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

The Median Sales Price in July was $624,900, up 66.6% from
1,100
Prices
$375,000 in July of 2015 and up 85.2% from $337,500 last
1,000
The
Median
Sales
Price Sales
in JulyPrice
was $624,900,
66.6% from
month.
The
Average
in July wasup
$772,343,
up
1,100
$375,000 in July of 2015 and up 85.2% from $337,500 last
900
140.1% from $321,667 in July of 2015 and up 128.8% from
1,000
month. The Average Sales Price in July was $772,343, up
$337,500 last month. July 2016 ASP was at the highest level 900 800
140.1% from $321,667 in July of 2015 and up 128.8% from
compared to July of 2015 and 2014.
800 700
$337,500 last month. July 2016 ASP was at the highest level
700 600
compared to July of 2015 and 2014.
600 500
500 400
400 300
300 200
200 100
100

Median Sales Price and Average Sales Price

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

Inventory & MSI

80
60

A comparatively lower MSI is more beneficial for sellers while a

A comparatively lower MSI is more beneficial for sellers while a
40
higherMSI
MSI
better
buyers.
2016
of 14.7
higher
is is
better
forfor
buyers.
TheThe
JulyJuly
2016
MSIMSI
of 14.7
months
was
at
a
mid
level
compared
with
July
of
2015
and
2014.
months was at a mid level compared with July of 2015 and 2014. 20
0

110
112
108110
105 112

Inventory
& MSI of Properties available for sale as of July
The Total Inventory
140
The
of from
Properties
available
sale
of July
wasTotal
103,Inventory
down 3.7%
107 last
monthfor
and
upas2.0%
from 101
was
103, of
down
lastInventory
month andwas
up at
2.0%
from 101level140 120
in July
last3.7%
year.from
July107
2016
its highest
incompared
July of lastwith
year.
July
120
July
of2016
2015Inventory
and 2014.was at its highest level
100
compared with July of 2015 and 2014.
100

3 Mo Avg

80
60

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

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

60.0
50.0

107
117
107
103

Prices

87
108
83
105
84 87
86
83
100
84
93
86
92
100
97
93
108
92
113
97
119
108
105
113
91
119
81
105
78
85 91
81102
78 103
85 109
101
102
105
103
103 109
101
101
96 105
87 103
75
101
75
96
93
87
107
75
117
75
107
93
103

sales of 32 are running 22.0% behind last year's year-to-date
sales of 41.

Trending versus*:
L3M PYM
LY

$724,814 Trending
2% versus*:-1%
Month
LM 85%
L3M PYM
LY
$624,900
59% 67%
$465,000 16%
-2%
$772,343 129% 59% 140%
$724,814
2%
-1%
103 -4%
2%
$624,900 85% 59% 67%
86%
7 250%
133%
$772,343 129% 59% 140% 99%
81 145% -37%
103 -4%
2% -7%
$270
41%
21%
7 250%
133% 19%
$181
85%
81 145% -37% 27%
-7% -30%
-35%
14.7
-72%
-50%
$270 41% 21% 19% -56%
19%
$18189.9%
85% -1.0%
27% -2.4%
-30% -3.0%
2%

Average List Price of all Current Listings

3

County: Rappahannock

Agent Name

7

Market Action Report

Rappahannock

8

County: Rappahannock

July 2016

40.0
30.0

40

20.0

20

10.0

0
0.0
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
72
| 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 guaran tee
accuracy
of information.
this information.
It isresponsibility
the responsibility
anyorbuyer
verify
and all information
to such consumer’s
estate transaction.

60.0
50.0
40.0
30.0
20.0

10.0
0.0