MA ARCHIVED November 2017 | Page 32

Market Action Report
November 2017
County: Fairfax
FAIRFAX
COUNTY
Market Action Report
Agent Name
November 2017
Title
Phone
Agent Name
Website
Title
Other
Community
Information
County: Fairfax
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
$1,575,000
LM
Trending versus*:
L3M PYM
LY
2%
5%
$2,075,599 Trending
3% versus*: 7%
Month
LM L3M PYM
LY
$1,265,000
$1,575,000
2% -3% -3%
5% -4%
$1,526,662
$2,075,599
3% 1% 2%
7% 11%
527
-21%
$1,265,000 -3% -3% -4% -22%
-2%
85 -4%
$1,526,662 1%
2% 11% 33%
5%
65 -18% -11%
527 -21%
-22% -20%
85 $268
-4% -6% -7%
33% -10%
3% 13%
65 $277
-18% 5%
-11% -20%
-21%
$268 6.2
-6% -17%
-7% -29%
-10% -42%
-3%
$277 94.9%
5% .5%
3% -.0%
13% 2.3%
7%
* LM=Last Month Month's
/ L3M=Last 3 Supply
Months / PYM=Same
Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date 6.2 -17% -29% -42% -40%
November
of Inventory
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property Sales
160
November Property sales were 85, up 32.8% from 64 in
November Sales
of 2016 and 4.5% lower than the 89 sales last month. 140
Property
160
November
2017 sales
their
highest from
level 64 compared
to
November
Property
sales were
were at 85,
up 32.8%
in
120
November
2016
and
2015.
November
YTD
sales
1,035 are 140
November
of of
2016
and
4.5%
lower
than the 89
sales
last of month.
running 17.6%
ahead
of last
year's
year-to-date
sales of to 880. 120 100
November
2017 sales
were
at their
highest
level compared
November of 2016 and 2015.
3 Mo Avg
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
0
20 20
40
40 60 60
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
17 Sales Price
Median 16 Sales Price and Average
Prices
The Median Sales Price in November was $1,265,000, down
Prices
4.2%
from Sales
$1,320,000
November
of $1,265,000,
2016 and down
The
Median
Price in in
November
was
down 2.7%
from from
$1,300,000
last in month.
The of Average
Sales
Price
in
4.2%
$1,320,000
November
2016 and
down
2.7%
November
was $1,526,662,
up 10.6%
from
$1,380,428
from
$1,300,000
last month. The
Average
Sales
Price in in
November
of $1,526,662,
2016 and up up
1.2%
from
$1,508,438
last
November
was
10.6%
from
$1,380,428
in month.
November
was 1.2%
at the
highest
level compared
November
of 2017
2016 ASP
and up
from
$1,508,438
last month. to
November
of 2016
and at
2015.
November
2017
ASP was
the highest level compared to
3 Mo Avg
80
80
0
-5%
2%
2%
-21%
1%
Number of Properties Sold
100
November of 2016 and 2015. November YTD sales of 1,035 are
running 17.6% ahead of last year's year-to-date sales of 880.
18% 2%
-1%
3%
1% -5%
-23% 2%
1% 2%
8.1 -23%
-21%
94.9% .5% -.0% 2.3% Number
.7%
95.2%
1%
of Properties Sold 1%
November Sale Price vs List Price Ratio
November
per
Foot Ratio
November Sold
Sale Price
Price
vs Square
List Price
Asking
Price Month's
per Square
Foot (based
on New Listings)
November
Supply
of Inventory
November Average
Sold Price
Foot
November
Days per
on Square
Market (Solds)
-1%
2%
-1%
-21%
78
-3% 1,035 $281
18%
7%
78 $263
-1%
3%
-40% $281
8.1
1%
.7% $263 95.2%
Asking Price
per Square
Foot (based
November
Number
of Properties
Sold on New Listings)
November
Average
Days for
on Sale
Market
(Solds)
Total
Properties
Currently
(Inventory)
0%
2%
$1,280,000
0%
$1,480,354 1,035
2%
63
November Average
Number
of Properties
Sold
November
Sales
Price
$1,280,000
$1,480,354
94
Total Properties
November
Median Currently
Sales Price for Sale (Inventory)
Trending versus*:
Prior YTD Prior Year
YTD
-2%
5%
November
Sales
Price Listings
Average
List Average
Price of all
Current
Trending versus*:
Prior YTD Prior Year
YTD
Market Profile & Trends Overview
November Median Sales Price
Median List Price of all Current Listings
Average List Price of all Current Listings
Market Profile & Trends Overview
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings
Median
List Price
all Current
Median Sales Price and Average Sales Price
1,700
1,700 1,650
1,650 1,600
1,600 1,550
1,550 1,500
1,500 1,450
1,450 1,400
1,400 1,350
1,350 1,300
1,300 1,250
1,250 1,200
1,200
3 Mo Avg
3 Mo Avg
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
D J 14
F 15
M 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 A
17 M J J A S O N
14 15
16
17
600
Total Inventory & Month's Supp ly of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of
The Total Inventory of Properties available for sale as of
November was 527, down 20.5% from 663 last month and down 1,000
November was 527, down 20.5% from 663 last month and down 1,000
22.4% from
from
679
November
of last
year.
November
22.4%
679
in in
November
of last
year.
November
2017 2017
800 800
Inventory
was
lowest
level
compared
November
Inventory
was
at at
its its
lowest
level
compared
with with
November
of of
2016 and
and
2015.
2016
2015.
600
400 400
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a
higher MSI
MSI
better
buyers.
November
of 6.2 200 200
higher
is is
better
for for
buyers.
The The
November
2017 2017
MSI MSI
of 6.2
months was
was
lowest
level
compared
November
of 2016
months
at at
its its
lowest
level
compared
with with
November
of 2016
0
0
and
and 2015.
2015.
F M
A S J O J N
D J D
J A F M
M J A J M A J S J O A N S D O J N F D M J A F M M J A J M
A D S J O F N M D A J M F J M J A A M S J O J N A S O N
14 15 14 15
16
17
16
17
Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
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
32
| coldwellbankerluxury.com
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.
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0