MA ARCHIVED July 2017 | Page 38

Market Action Report
July 2017
County: Fairfax City CITY
FAIRFAX
Market Action Report
Agent Name
July 2017
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Fairfax
City
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
LM
Trending versus*:
L3M PYM
LY
$1,295,000 1%
8%
$1,504,249 Trending
-1% versus*: 2%
Month
LM L3M PYM
LY
$1,050,000
$1,295,000
1% -9% -1%
8% -7%
$1,067,908
$1,504,249
-1% -7% -5%
2% -5%
27 4%
$1,050,000 -9%
-1% -7% 8%
-7%
7 133%
$1,067,908 -7%
-5% -5% 133%
-6%
81 326% 45%
27 4%
8% -7%
7 $215
133% -13% -4%
133% 5%
81 $214
326% -10%
45% -3%
-7% 48%
-5%
$215 -13%
-4% -56%
5% -54%
-6%
3.9 -55%
$214 96.6%
-10% -.4%
-3% -1.4%
48% 4.9%
19%
Average List Price of all Current Listings
Market Profile & Trends Overview
July Median
Sales
Price
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 Average
Number
of Properties
Sold
July
Sales
Price
July Properties
Average Days
on Market
(Solds)
Total
Currently
for Sale
(Inventory)
Asking
Price of per
Square Foot
July
Number
Properties
Sold (based on New Listings)
July
Days per
on Squa re
Market Foot
(Solds)
July Average
Sold Price
Asking
Price per Supply
Square of Foot
(based on New Listings)
July Month's
Inventory
July
Foot Ratio
July Sold
Sale Price
Price per
vs Square
List Price
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
$1,118,358
$1,141,195
-1%
19
4% 36% 0%
-5%
47 -53%
-6%
19 $236
36% 9%
47 $219
-53% 25% -45%
19%
9%
-60% $236 12.2
5% 4%
25% 5% 22%
2.4% $219 98.6%
-45%
4%
22%
25%
5%
3 Mo Avg
3 Mo Avg
0
0
1 1
2 2
3 3
4
5
4
Prices
4%
-1%
0%
6
5
14
16
Median Sales Price
and Average Sales 17
Price
15
The Median Sales Price in July was $1,050,000, down 6.7%
Prices
1,400
from
$1,125,000
in July
of 2016
and down 9.5%
from
The
Median
Sales Price
in July
was $1,050,000,
down
6.7%
$1,160,000
last in month.
Sales
Price
in July was 1,400 1,350
from
$1,125,000
July of The
2016 Average
and down
9.5%
from
$1,067,908,
5.5%
from
$1,130,000
in July
of 2016
$1,160,000
last down
month.
The
Average
Sales Price
in July
was and 1,350 1,300
down 7.4% down
from 5.5%
$1,153,333
last month.
July of
2017
ASP
$1,067,908,
from $1,130,000
in July
2016
and was at 1,300
1,250
the lowest
level $1,153,333
compared last
to July
of 2016
down
7.4% from
month.
July and
2017 2015.
ASP was at
1,250 1,200
the lowest level compared to July of 2016 and 2015.
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
15
16
17
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
0
4%
4%
Number of Properties Sold
7
6
8
YTD sales of 19 are running 35.7% ahead of last year's year-to-
date sales of 14.
$1,118,358
$1,141,195
12.2
5%
25%
96.6% -.4% -1.4% 4.9% 2.4%
5% Sold 5%
Number of 98.6%
Properties
July Sale Price vs List Price Ratio
July Property sales were 7, up 133.3% from 3 in July of 2016 and
133.3% higher
than the 3 sales last month. July 2017 sales were
Property
Sales
8
at their
highest
level
to July
and
July
July
Property
sales
were compared
7, up 133.3%
from of 3 2016
in July
of 2015.
2016 and
YTD
sales
of
19
are
running
35.7%
ahead
of
last
year's
year-to-
133.3% higher than the 3 sales last month. July 2017 sales were 7
of 14.
at date
their sales
highest
level compared to July of 2016 and 2015. July
Trending versus*:
Prior YTD Prior Year
YTD
-7%
-6%
* LM=Last
Month / L3M=Last
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 3.9 -55% -56% -54% -60%
July
Month's
Supply 3 Months
of Inventory
Property Sales
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
Median Sales Price and Average Sales Price
3 Mo Avg
1,200 1,150
1,150
1,100
1,100
1,050
1,050
1,000
1,000
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
A S 14
O N D J F M
A M J J A S O N D J F M A 17 M J J
15 A M J J A S O N D J F M 16
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Total Inventory & Month's Supply of Inventory (MSI)
30.0
25.0
30.0
0
5
10
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a 10
higher MSI
MSI
better
buyers.
2017
of 3.9
higher
is is
better
for for
buyers.
The The
July July
2017
MSI MSI
of 3.9
months
at at
its its
lowest
level
compared
with with
July July
of 2016
and and 5
months was
was
lowest
level
compared
of 2016
0
2015.
2015.
15
15
25
20 20
35.0
35.0
30
35
Inventory & MSI
The Total Inventory of Properties available for sale as of July
The Total Inventory of Properties available for sale as of July
was 27, up 3.8% from 26 last month and up 8.0% from 25 in 35
was 27, up 3.8% from 26 last month and up 8.0% from 25 in
July of of last
last
year. July
July
2017
Inventory
a mid
July
year.
2017
Inventory
was was
at a at
mid
level level
30
compared
with
July
2016
2015.
compared
with
July
of of
2016
and and
2015.
25 20.0 20.0
15.0 15.0
10.0 10.0
5.0 5.0
0.0 0.0
A S A O N
D N
J F D M J A F M
A S J O J N A D S J O F N M D A J M F J M J A M J J
S O
M J A J M A J S J O A N S D O J N F D M J A M
F M J A J M
14 14
15
16
17
15
16
17
Copyright © | Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
38
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Copyright © Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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
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.
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.
25.0