MA ARCHIVED July 2017 | Page 39

Market Action Report
July 2017
FAIRFAX CITY
County: Fairfax City
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | 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 81, up 326.3% from 19
days last month and down 6.9% from 87 days in July of last year.
The July 2017 DOM was at a mid level compared with July of
2016 and 2015.
3 Mo Avg
250
200
150
87
100
50
81
26
0
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15
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-50
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 2017 Selling Price per Square Foot of $214 was down
9.7% from $237 last month and up 47.9% from 145 in July of last
year.
300
280
260
240
220
200
180
160
140
120
100
3 Mo Avg
214
172
145
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15
16
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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 2017 Selling Price vs Original List
Price of 96.6% was down from 97.0% last month and up from
92.1% in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
98.0%
100%
96.6%
92.1%
80%
60%
40%
20%
0%
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15
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
20
15
25
30
35
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 2017 was 8, up 33.3% from 6 last month and up 100.0%
from 4 in July of last year.
5
10
0
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
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15
16
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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
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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