MA ARCHIVED June 2016 | Page 45

Market Action Report

June 2016

Alexandria

County: Alexandria 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 June was 27, down 57.1% from 63
days last month and down 64.5% from 76 days in June of last
year. The June 2016 DOM was at its lowest level compared with
June of 2015 and 2014.

3 Mo Avg

250
200
150
100

77

76

50

27

0
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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 June 2016 Selling Price per Square Foot of $377 was up
15.8% from $326 last month and up 20.1% from 314 in June of
last year.

3 Mo Avg

700
650
600
550
500
450
377

400

341

350

314

300
250
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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
102%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 100%
98%
a Buyer's market exists, a ratio at or above 100% indicates more
96%
of a Seller's market. The June 2016 Selling Price vs Original List
Price of 98.3% was up from 97.3% last month and up from 94.5% 94%
in June of last year.
92%
90%
88%
86%
84%
82%
80%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
98.3%
94.5%
92.9%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

70

49
29

29

20

39

39
34

39

45

43

49
45

48

46

44

44
33

39
34

48

58
52

58
49

54

53
48

45
41
35

46

43
37

30

42

40

55

50

55

60

39

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 June 2016 was 18, down 5.3% from 19 last month and up
12.5% from 16 in June of last year.

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Copyright © Coldwell Banker | 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
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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