MA ARCHIVED November 2017 | Page 31

Market Action Report
November 2017
FAIRFAX CITY
County: Falls Church 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 November was 86, up from 0
days last month and up 19.4% from 72 days in November of last
year. The November 2017 DOM was at a mid level compared
with November of 2016 and 2015.
3 Mo Avg
200
150
100
86
72
50
33
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 November 2017 Selling Price per Square Foot of $351 was
up from $0 last month and up 9.4% from 320 in November of
last year.
450
430
410
390
370
350
330
310
290
270
250
3 Mo Avg
351
320
277
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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
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a B uyer'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 95.4% was up from 0.0% last month and
down from 96.3% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
120%
97.7%
100%
96.3%
95.4%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
18
4
6
8
10
12
14
16
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 1, equal to 1 last month and down 50.0%
from 2 in November of last year.
2
0
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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
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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