MA ARCHIVED July 2017 | Page 40

Market Action Report
July 2017
County: Fairfax
FAIRFAX
COUNTY
Market Action Report
Agent Name
July 2017
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Fairfax
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
$1,529,888 2%
6%
$1,944,452 Trending
2% versus*: 5%
Month
LM L3M PYM
LY
$1,299,000
$1,529,888
2% 3% 2%
6% 3%
$1,560,646
$1,944,452
2% 8% 6%
5% 12%
$1,299,000 757
3% -4%
2% 3% -9%
0%
$1,560,646 117
8% -19%
6% 12% 24%
7%
69 19% -7%
757 -4%
-9% 6%
117 $319
-19% 17% 12%
24% 17%
69 $264
19% -0%
-7% 1%
6% -16%
2%
$319 17%
12% 8%
17% -27%
16%
6.5 20%
$264 94.9%
-0% -1.1%
1% -.8%
2% .7%
2%
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 Square
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
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 6.5 20%
July
Month's
Supply 3 Months
of Inventory
July Sale Price vs List Price Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Trending versus*:
Prior YTD Prior Year
YTD
0%
7%
$1,275,500
$1,469,953
$1,275,500
$1,469,953
0%
1%
0%
692
1%
-16%
80
16%
692 $280
21%
80 $259
5%
2%
4%
-37% $280
8.1
-2%
.7% $259 95.3%
160
July Property sales were 117, up 24.5% from 94 in July of 2016
140
and 19.3% Sales
lower than the 145 sales last month. July 2017 sales
Property
160
were
at their sales
highest
to July
of July
2016 of and
2015.
July
Property
were level
117, compared
up 24.5% from
94 in
2016
120
July
YTD lower
sales than
of 692
ahead
last sales
year's 140
and
19.3%
the are
145 running
sales last 21.4%
month.
July of 2017
year-to-date
sales of
570.
100
were
at their highest
level
compared to July of 2016 and 2015.
-1%
1%
-1%
21% 1%
5%
4%
-2% -2%
-26% 2%
1% 0%
-2%
2%
0%
-21%
1%
8% -27% -37%
8.1 -26%
-21%
94.9% -1.1% -.8% .7% Number
.7%
1% Sold 1%
of 95.3%
Properties
Property Sales
3 Mo Avg
Number of Properties Sold
3 Mo Avg
Prices
73
89
0
0
20 20
40 40
60 60
80 80
100
120
July YTD sales of 692 are running 21.4% ahead of last year's
year-to-date sales of 570.
Trending versus*:
Prior YTD Prior Year
YTD
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
14
15
The Median Sales Price in July was $1,299,000, up 2.6% from
Prices
1,700
$1,266,500
in July
of in
2016
2.7% from up $1,265,000
The
Median Sales
Price
July and
was up
$1,299,000,
2.6% from last
1,700 1,650
month. The
Average
Sales
Price
in July
was
$1,560,646,
$1,266,500
in July
of 2016
and
up 2.7%
from
$1,265,000
last up
1,650 1,600
12.0% from
$1,393, 073
July in of July
2016
and
up 8.2% from
month.
The Average
Sales in
Price
was
$1,560,646,
up
$1,442,622
last month.
July of
2017
at the from
highest level 1,600 1,550
12.0%
from $1,393,073
in July
2016 ASP
and was
up 8.2%
1,550 1,500
compared last
to July
of 2016
$1,442,622
month.
July and
2017 2015.
ASP was at the highest level
1,500 1,450
compared to July of 2016 and 2015.
1,450 1,400
1,400 1,350
1,350 1,300
1,300 1,250
1,250 1,200
1,200
16
17
Median Sales Price
and Average Sales Price
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
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
Inventory & MSI
The Total Inventory of Properties available for sale as of July
Total Inventory & Month's Supply of Inventory (MSI)
600 600
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
The Total Inventory of Properties available for sale as of July
was 757, down 3.6% from 785 last month and down 9.3% from 1,000 1,000
was 757, down 3.6% from 785 last month and down 9.3% from
835 in in July
July
last
year.
July
2017
Inventory
its lowest
835
of of
last
year.
July
2017
Inventory
was was
at its at lowest
800 800
level compared
compared
with
July
of 2016
2015.
level
with
July
of 2016
and and
2015.
400 400
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a
higher MSI
MSI
better
buyers.
2017
of 6.5
higher
is is
better
for for
buyers.
The The
July July
2017
MSI MSI
of 6.5
200 200
months
at at
its its
lowest
level
compared
with with
July July
of 2016
and and
months was
was
lowest
level
compared
of 2016
0
2015.
0
2015.
A S O
M A
J A
J 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
A N S D
O J N F D M J A F M M J A J M A J S J O A N S D O J N F D
J M
F M
14 14
15
16
17
15
16
17
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Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
40
| Coldwell
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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.
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0