MA ARCHIVED March 2017 | Page 30

Market Action Report
March 2017
County: Alexandria City
ALEXANDRIA
Market Action Report
Agent Name
March 2017
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Alexandria
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
$1,394,500 -20%
14%
$1,821,678 Trending
-12% versus*:
20%
Month
LM L3M PYM
LY
$1,182,500
$1,394,500
-20% 0% -1%
14% 1%
$1,399,000
$1,821,678
-12% 11% -4%
20% 14%
64 49%
$1,182,500 0%
-1% 1% 64%
-1%
8 100%
$1,399,000 11%
-4% 14% 100%
0%
41 28% -25%
64 49%
64% 310%
8 $397
100% -15% -9%
100% 15%
41 $383
28% -1%
-25% -9%
310% 33%
-28%
$397 -15%
-9% -11%
15% -18%
-2%
8.0 -26%
$383 98.0%
-1% 1.1%
-9% 3.9%
33% 2.5%
3%
Average List Price of all Current Listings
Market Profile & Trends Overview
March List
Median
Median
Price Sales
of all Price
Current Listings
March Average
Average
List Price Sales
of all Price
Current Listings
Total Median
Properties
Currently
for Sale (Inventory)
March
Sales
Price
March Average
Number
of Properties
Sold
March
Sales
Price
March
Average Currently
Days on Market
Total
Properties
for Sale (Solds)
(Inventory)
Asking
Price per
Square Foot
(based on New Listings)
March
Number
of Properties
Sold
March
Days per
on Square
Market Foot
(Solds)
March Average
Sold Price
Asking
per Square
(based on New Listings)
March Price
Month's
Supply Foot
of Inventory
March
Foot Ratio
March 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
$1,242,500
$1,472,434
-28%
59
-2%
16 $436
-6%
59 $380
5%
3%
31%
29% $436
9.0
11%
3.1% $380 94.5%
4%
8%
2%
45%
-0%
3 Mo Avg
3 Mo Avg
10
8
10
0
2
2 4 4
6
6
15 Median
14
Sales Price and 16 Average Sales Price
6
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 O N D J F M
14
15
16
17
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 O N D J F M
The Median Sales Price in March was $1,182,500, up 0.6% from
Prices
$1,175,000
in March
0.2% from
The
Median Sales
Price of
in 2016
March and
was up
$1,182,500,
up $1,180,000
0.6% from last 2,100
month. The
Average
March
was
$1,399,000,
$1,175,000
in March
of Sales
2016 Price
and up in 0.2%
from
$1,180,000
last up
14.2% from
$1,225,000
March
of 2016
up 11.0% up
from 2,100
month.
The Average
Sales in
Price
in March
was and
$1,399,000,
1,900
$1,260,486
last month.
March of 2017
at a mid
range
14.2%
from $1,225,000
in March
2016 ASP
and was
up 11.0%
from
1,900
compared last
to March
2016 and
$1,260,486
month. of March
2017 2015.
ASP was at a mid range
1,700
compared to March of 2016 and 2015.
4%
-6% 5%
5%
31%
11% 4%
36% 8%
-1% 2%
12
8
Prices
-1%
16
4%
4%
5%
14
10
0
-1%
4%
Number of Properties Sold
16
12
18
2015. March YTD sales of 16 are running 5.9% behind last
year's year-to-date sales of 17.
$1,242,500
$1,472,434
9.0
36%
45%
98.0% 1.1% 3.9% 2.5% 3.1%
-1% Sold -0%
Number of 94.5%
Properties
March Sale Price vs List Price Ratio
March Property sales were 8, up 100.0% from 4 in March of
2016 and 100.0%
Property
Sales higher than the 4 sales last month. March 18
2017 sales
were sales
at a were
mid 8,
level
to 4
March
of 2016
March
Property
up compared
100.0% from
in March
of and
16
2015.
YTD
sales than
of 16
are
running
5.9% behind
2016
and March
100.0%
higher
the
4 sales
last month.
March last
year's
year-to-date
sales
of 17.
2017
sales
were at a mid
level
compared to March of 2016 and
14
Trending versus*:
Prior YTD Prior Year
YTD
-1%
0%
* LM=Last Month's
Month / L3M=Last
3 Months
/ PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 8.0 -26% -11% -18% 29%
March
Supply
of Inventory
Property Sales
Trending versus*:
Prior YTD Prior Year
YTD
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
1,700
1,500
1,500
1,300
1,300
1,100
1,100
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 O N D J F M
17
A M 14
J J A S O N D J F M 15 A M J J A S O N D J F M 16
A M J J A S O N D J F M
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
30
20
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a 20
higher MSI
MSI
better
buyers.
March
2017
of 8.0
higher
is is
better
for for
buyers.
The The
March
2017
MSI MSI
of 8.0
months
at at
a mid
level
compared
with
March
of 2016
and and 10
months was
was
a mid
level
compared
with
March
of 2016
0
2015.
2015.
40
30
50
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
10
0
40
60
70
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
The Total Inventory of Properties available for sale as of March
The Total Inventory of Properties available for sale as of March
was 64, up 48.8% from 43 last month and up 64.1% from 39 in 70
was 64, up 48.8% from 43 last month and up 64.1% from 39 in
March of of last
last
year. March
March
2017
Inventory
its highest 60
March
year.
2017
Inventory
was was
at its at highest
level compared
compared
with
March
of 2016
2015.
level
with
March
of 2016
and and
2015.
50
A M A J M
J A J S J O
J J A A M S J O J N A D S J O F N M D J F M
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 M
D A J M
F 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
30
coldwellbankerluxury.com
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.
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0