MA ARCHIVED October 2016 | Page 53

Market Action Report

October 2016

Culpeper

County: Culpeper

Agent Name
Title
Phone
Website
Other

Community Information
Price Range: All | 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 October was 52, down 8.8% from
57 days last month and down 18.8% from 64 days in October of
last year. The October 2016 DOM was at its lowest level
compared with October of 2015 and 2014.

3 Mo Avg

120
100

84

80

64

60

52

40
20
0
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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 October 2016 Selling Price per Square Foot of $137 was up
7.9% from $127 last month and down 0.4% from 137 in October
of last year.

150
145
140
135
130
125
120
115
110
105
100

3 Mo Avg

137

137

122

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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 Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The October 2016 Selling Price vs Original
List Price of 95.0% was down from 95.9% last month and up
from 93.2% in October of last year.

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month

99%
98%
97%
96%
95%
94%
93%
92%
91%
90%
89%

95.0%
93.2%

92.6%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

270

277

273

314

307

301

288

269

243

267

262

321

293

351

341

340

333

327

320

318

310

401

395

383

349

323

291

282

270

200

264

250

266

300

316

358

350

370

400

393

450

264

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 October 2016 was 66, down 15.4% from 78 last month and
down 12.0% from 75 in October of last year.

150
100
50
0
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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.

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