MA ARCHIVED November 2017 | Page 27

Market Action Report November 2017 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 3 Mo Avg 140 The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward 120 trend in DOM tends to indicate a move towards more of a 100 Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for November was 60, up 25.0% from 80 48 days last month and down 32.6% from 89 days in November of last year. The November 2017 DOM was at a mid level 60 compared with November of 2016 and 2015. 40 89 60 54 20 0 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 O N 14 15 16 17 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 November 2017 Selling Price per Square Foot of $335 was down 17.8% from $407 last month and down 16.5% from 401 in November of last year. 750 700 650 600 550 500 450 400 350 300 250 3 Mo Avg 401 394 335 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 O N 14 15 16 17 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 November 2017 Selling Price vs Original List Price of 94.3% was down from 96.8% last month and down from 99.0% in November of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 105% 99.0% 100% 94.3% 93.2% 95% 90% 85% 80% 75% 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 O N 14 15 16 17 Inventory / New Listings / Sales Inventory / New Listings / Sales 20 30 40 50 60 70 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 November 2017 was 10, down 52.4% from 21 last month and up 11.1% from 9 in November of last year. 10 0 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 O N 14 15 16 17 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. Coldwell Banker Global Luxury SM | 27