MA ARCHIVED October 2016 | Page 52

Market Action Report October 2016
Community Information
Market Action Report October 2016

County : Culpeper

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 330,995
-4%
4 %
Average List Price of all Current Listings
$ 412,627
-1%
10 %
October Median Sales Price
$ 292,000
-1%
2 %
1 %
12 %
$ 277,000
6 %
7 %
October Average Sales Price
$ 298,812
-6%
1 %
-16%
8 %
$ 287,951
3 %
4 %
Total Properties Currently for Sale ( Inventory )
270
-1%
-16%
October Number of Properties Sold
49 -27%
20 %
566
10 %
October Average Days on Market ( Solds )
52
-9%
-7% -19% -32%
69
-9%
-10%
Asking Price per Square Foot ( based on New Listings )
$ 135
-8%
-4%
-6%
0 %
$ 139
2 %
3 %
October Sold Price per Square Foot
$ 137
8 %
3 %
-0%
13 %
$ 130
7 %
7 %
October Month ' s Supply of Inventory
5.5
35 %
21 % -30% -18%
5.2
-23%
-22%
October Sale Price vs List Price Ratio
95.0 %
-. 9 % -1.4% 1.9 %
. 4 %
95.8 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Culpeper

Agent Name
Title Phone Website Other

Community Information

Property Sales
90
October Property sales were 49 , up 19.5 % from 41 in October of
2015 and 26.9 % lower than the 67 sales last month . October
80
Number of Properties Sold
3 Mo Avg
Property
2016 sales Sales were at a mid level compared to October of 2015 and
90
70
October
2014 . October Property YTD sales sales were of 49566 , up are 19.5 running % from 41 10.3 in October % ahead of of last
2015 and 26.9 % lower than the 67 sales last month . October
80 year ' s year-to-date sales of 513 .
60
2016 sales were at a mid level compared to October of 2015 and 2014 . October YTD sales of 566 are running 10.3 % ahead of last year ' s year-to-date sales of 513 .
70
60
50
40
50
30
40
20
30
10
20
0
10
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
J
A S O
0
13
14
15
16
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
J
A S O
Prices
Median Sales Price and Average Sales Price
13
14
15
16
3 Mo Avg
The Median Sales Price in October was $ 292,000 , up 1.4 % from
400
Prices
$ 287,990 in October of 2015 and down 0.8 % from $ 294,500
Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in October Sales Price was $ in 292,000 October , up was 1.4 $ % 298,812 from ,
380
400
$ down 287,990 16.1 in % October from $ 356,059 of 2015 and in October down 0.8 of % 2015 from and $ 294,500 down 5.7 %
360 last month . The Average Sales Price in October was $ 298,812 ,
380 from $ 316,855 last month . October 2016 ASP was at a mid
340 down 16.1 % from $ 356,059 in October of 2015 and down 5.7 %
360 range compared to October of 2015 and 2014 .
320 from $ 316,855 last month . October 2016 ASP was at a mid
340
300 range compared to October of 2015 and 2014 .
320
280
300
260
280
240
260
220
240
220
200
200
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
J
A S O
N
D
13
J
F
14 M A M J
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M A
16 M J
J
A S O
13
14
15
16
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
October Total Inventory was 270 , down of Properties 1.1 % from available 273 last for month sale as and of down
October
15.9 % from was 270 321 , down in October 1.1 % from of last 273 year last . month October and 2016 down Inventory
450
15.9 was % at from its lowest 321 in October level compared of last year with . October 2016 of 2015 Inventory and
2014400 . was at its lowest level compared with October of 2015 and 2014 .
350
450
400
350
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
12.0
10.0
8.0
300
250
A comparatively lower MSI is more beneficial for sellers while
200 a
A comparatively lower MSI is more beneficial for sellers while a
150 higher MSI is better for buyers . The October 2016 MSI of 5.5 higher MSI is better for buyers . The October 2016 MSI of 5.5
100 months was at its lowest level compared with October of 2015 months was at its lowest level compared with October of 2015
50 and 2014 . and 2014 .
0
250
8.0
200
6.0
150
100
4.0
50
2.0
0
0.0
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
J A S O
N
D J
F M A 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
13
14
15
16
13
14
15
16
6.0
4.0
2.0
0.0
37 47 25 26 43 55 53 48 53 53 43 55 42 47 34 33 37 58 59 72 63 56 60 41 34 59 36 52 38 54 60 85 57 68 67 49
266
37 47 25 26
264
264 266
270 264
282 264
270 316 43 55 53 48 53
358
316 370
395 358 401
370 393
395
282
53 401
383 349
43 393
55 383
Number of Properties Sold
42 47 34 33 37 58 59 72 63
323 291
349 310
323
318 320
291
327 310
333 318
340 320
351 327
341 333
321 340
293 351
267 341
262 321
243 293 269
267 288 262 301 243 314 269 307 288
277 301
273 314
270 307
56 60 41 34 59 36 52 38 54 60 85
277 57
273
3 Mo Avg
68
270 67 49
52 | c o l d w e l l b a n k e r h o m e s . c o m
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | 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 .