MA ARCHIVED June 2016 | Page 52

Market Action Report

Fairfax City

County: Fairfax City

June 2016

Title
Phone
Agent
Name
Website
TitleOther

Community Information

Price Range: $1,000,000 and Up | Properties: SFH - Con

Phone
Website
Month
Other
$1,169,800

Market Profile & Trends Overview
Median
List Price
all Current
Price
Range: $1,000,000
and Up |of
Properties:
SFH - Con Listings

LM

Trending versus*:
L3M PYM
LY

-2%
1%
$1,465,094 Trending
4% versus*:
20%
Month
LM -6%
L3M -1%
PYM 6%
LY
$1,065,000
$1,169,800 -2%
1%
$1,075,333 -4% -2% 8%
$1,465,094 4%
20%
27 -10%
-10%
$1,065,000 -6% -1% 6% -12%
3 0%
200%
$1,075,333 -4% -2% 8% -10%
25 -87% -73%
27 -10%
-10% 2400%
$231
-11%
5% 7%
3 0%
200%
$164
-7%
-9%
25 -87% -73% 2400% -26%
-56%
9.0 -10%
$231 -11%
5% -21%
7% -70%
12%
$16498.7%
-7% 9.2%
-9% 3.5%
-26% 1.1%
-20%

Average Lis t Price of all Current Listings

Market
Profile
& Trends
June Median
Sales
Price Overview
Median List Price of all Current Listings

June Average Sales Price

Average List Price of all Current Listings

Total Properties Currently for Sale (Inventory)

June Median Sales Price

June Number of Properties Sold

June Average Sales Price

June Average Days on Market (Solds)

Total Properties Currently for Sale (Inventory)

Asking
Priceof
per
Square Foot
June
Number
Properties
Sold (based on New Listings)
JuneAverage
Sold Price
June
Daysper
on Square
Market Foot
(Solds)

June Month's
Inventory
Asking
Price perSupply
Square of
Foot
(based on New Listings)
JuneSold
SalePrice
Priceper
vsSquare
List Price
June
FootRatio

Trending versus*:
Prior YTD -13%
Prior Year -11%
-12% YTD
$1,074,000
-10% $1,093,452
-10%
-8%

$1,074,000
$1,093,452

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

1
3

3

3

3

2

2

0

1

0

0

3

1

0

3

1

2

2

4

0

1

1

1

3

3

4

3

2

1

1

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

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 O N D J F M A M J
Median Sales Price
13
14
15 and Average Sales Price
16

Prices

2

2

0

1

0

0

3

1

0

3

1

2

2

4

0

1

1

1

1

1

3

3

4

3

2

1

1

1

1

1

1

3

0

2

1

1

0

2

1

1

2

1

1

3

3

2

3 Mo Avg

3

1

2

3 Mo Avg

4

3

3

81%
5%
-11%
-9%
-1%

Number of Properties Sold

4

2

3

5

3

of 11 are running 10.0% ahead of last year's year-to-date sales of
10.

-11%

9.0 -10% -21% -70% -37%
13.0
11%
-9%
98.7% 9.2% 3.5% 1.1% 3.3%
-3% Sold -1%
Number of94.4%
Properties

June Sale Price vs List Price Ratio
June Property sales were 3, up 200.0% from 1 in June of 2015
and the same as the 3 sales last month. June 2016 sales were at
Property Sales
5
a mid level compared to June of 2015 and 2014. June YTD sales
June Property sales were 3, up 200.0% from 1 in June of 2015
of 11 are running 10.0% ahead of last year's year-to-date sales of
and the same as the 3 sales last month. June 2016 sales were at 4
a 10.
mid level compared to June of 2015 and 2014. June YTD sales 4

-13%
11
-10%

10%
-8%
103
91%
11 $218
10% 5%
$182
103
91% -19%81%
13.0
$218
5% 11%5%
$182 94.4%
-19% -3%-11%

-56%
12%
-20%
-37%
3.3%

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

June Month's Supply of Inventory

Property Sales

Trending versus*:
Prior YTD Prior Year

YTD

1

County: Fairfax City

Agent Name

1

Market Action Report

June 2016

The Median Sales Price in June was $1,065,000, up 6.5% from
1,400
Prices
$1,000,000 in June of 2015 and down 6.1% from $1,133,739
The
in June
was
$1,065,000,
up 6.5%
from up 1,350
lastMedian
month.Sales
ThePrice
Average
Sales
Price
in June was
$1,075,333,
1,400
$1,000,000 in June of 2015 and down 6.1% from $1,133,739
7.5% from $1,000,000 in June of 2015 and down 4.0% from
last month. The Average Sales Price in June was $1,075,333, up 1,3501,300
$1,120,580 last month. June 2016 ASP was at a mid range
7.5% from $1,000,000 in June of 2015 and down 4.0% from
1,3001,250
compared to June of 2015 and 2014.
$1,120,580 last month. June 2016 ASP was at a mid range
1,2501,200
compared to June of 2015 and 2014.

Median Sales Price and Average Sales Price

3 Mo Avg

3 Mo Avg

1,2001,150
1,1501,100

1,1001,050
1,0501,000
1,000

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 O N D J F M A M J

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

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

Inventory & MSI

35.0

19

25.0

30

30

17

17

18

24

24

27

30

30

27

25.0
20.0

27

34

33

19

18

17
5

6

5

5

6 10
5 8

17

16
10
8

16

10

17

10

16

16

19
16

17

15

16

14 19

8 15

14
11

89

9

11 13

17

18
13

1717

30.0

30.0

30

27

34
32

33
30

30
28

32

30

28

35.0

17
18

30
25
20
A comparatively lower MSI is more beneficial for sellers while 15
a
A comparatively lower MSI is more beneficial for sellers while a
higherMSI
MSI
better
buyers.
June
2016
of 9.0
10
higher
is is
better
forfor
buyers.
TheThe
June
2016
MSIMSI
of 9.0
monthswas
was
a mid
level
compared
with
June
of 2015
5
months
atat
a mid
level
compared
with
June
of 2015
and and
2014.
0
2014.

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

17

compared with June of 2015 and 2014.

40
35
30
25
20
15
10
5
0

17

Inventory
& MSI of Properties available for sale as of June
The Total Inventory
The
Inventory
of Properties
available
sale
as of10.0%
June from
wasTotal
27, down
10.0%
from 30 last
monthfor
and
down
was
downof
10.0%
from 30
last2016
month
and down
10.0%
fromlevel40
30 27,
in June
last year.
June
Inventory
was
at a mid
35
30
in
June
of
last
year.
June
2016
Inventory
was
at
a
mid
level
compared with June of 2015 and 2014.

15.0
10.0
5.0
0.0

S D
O N
F M
J A JS A
O N
J FD MJ AF MM JA JMA J S J O AN SD OJ NF D
M JA M
J AJ M
A SJ OJ NA DS JO FNMD A JMF J M A M J
14
15
16
13 13
14
15
16

Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Con
52
| ccourtesy
o l ofdCoastal
w eAssociation
l l b aofnREALTORS
k e r hof MD,
om
e s . c oRegional
m Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
Data
is is
provided
Data
provided
courtesy
of Coastal
Association of REALTORS
ofInc.,
MD,Metropolitan
Inc., Metropolitan Regional
Information Systems, Inc., Sussex County Association of REALTORS and may not reflect all relevant real estate activity. Coldwell Banker
Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | 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 guarantee
accuracy
of information.
this information.
It isresponsibility
the responsibility
anyorbuyer
verify
and all information
to such consumer’s
estate transaction.

20.0
15.0
10.0
5.0
0.0