MA ARCHIVED October 2016 | Page 54

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

County : Fairfax City

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
$ 685,000
1 %
7 %
Average List Price of all Current Listings
$ 737,809
1 %
11 %
October Median Sales Price
$ 494,950
13 %
-3%
-4%
-5%
$ 532,000
0 %
2 %
October Average Sales Price
$ 513,613
18 %
-4%
-6%
-6%
$ 549,166
-1%
1 %
Total Properties Currently for Sale ( Inventory )
160 -10%
-28%
October Number of Properties Sold
50 -11%
-21%
555
0 %
October Average Days on Market ( Solds )
43
-9%
-4% -22%
0 %
43
8 %
0 %
Asking Price per Square Foot ( based on New Listings )
$ 242
-2%
-2%
-9%
-5%
$ 254
-1%
-1%
October Sold Price per Square Foot
$ 244
1 %
2 %
4 %
0 %
$ 246
2 %
1 %
October Month ' s Supply of Inventory
3.2
1 %
7 %
-9%
-12%
3.3
-10%
-9%
October Sale Price vs List Price Ratio
96.3 %
-. 3 % -. 2 %
. 9 %
-. 5 %
96.8 %
-0%
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date

Fairfax Agent Name City Title Phone Website Other

Community Information

Number of Properties Sold
Property Sales
90
October Property sales were 50 , down 20.6 % from 63 in October of 2015 and 10.7 % lower than the 56 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 50555 , down are 20.6 running % from equal 63 in to October last year ' s of 2015 and 10.7 % lower than the 56 sales last month . October
80 year-to-date sales of 555 .
60
2016 sales were at a mid level compared to October of 2015 and
70
50
2014 . October YTD sales of 555 are running equal to last year ' s year-to-date sales of 555 .
60
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
Prices
Median Sales Price and Average Sales Price
13
14
15
16
The Median Sales Price in October was $ 494,950 , down 3.9 %
700
Prices from $ 515,000 in October of 2015 and up 13.5 % from $ 436,250
Median Sales Price and Average Sales Price
The last Median month Sales . The Price Average in October Sales Price was $ in 494,950 October , down was 3.9 $ 513,613 % ,
700
650 from down $ 515,000 6.4 % from in October $ 548,756 of 2015 in October and up of 13.5 2015 % from and up $ 436,250 17.8 %
J
A S O
3 Mo Avg
3 Mo Avg
last from month $ 436,035 . The Average last month Sales . October Price in October 2016 ASP was was $ 513,613 at the , lowest
650 down level 6.4 compared % from $ to 548,756 October in of October 2015 and of 2015 2014 and . up 17.8 %
600
from $ 436,035 last month . October 2016 ASP was at the lowest
600
550
level compared to October of 2015 and 2014 .
550
500
39 44 34 34 40 68 63 83 62 65 48 43 46 55 35 27
39 44 34 34 40 68 63 83 62 65 48 43 46 55 35 27 39 57 66 83 81 63 41 63 36 54 27 28 45 57 77 79 69 67 56 50
39 57 66 83 81 63 41 63 36 54 27 28 45 57 77 79 69
3 Mo Avg
67 56 50
500 450 400
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of The October Total Inventory was 160 , down of Properties 10.1 % from available 178 last for sale month as of and down October 27.6 % from was 160 221 , down in October 10.1 % of from last 178 year last . October month and 2016 down Inventory 300 27.6 was % at from its lowest 221 in October level compared of last year with . October 2016 of 2015 Inventory and 2014250
. was at its lowest level compared with October of 2015 and 2014 .
200
150 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 100 higher MSI is better for buyers . The October 2016 MSI of 3.2 higher months MSI was is better at its lowest for buyers level . The compared October with 2016 October MSI of 3.2 of 2015 50
months and 2014 was . at its lowest level compared with October of 2015 and 2014 . 0
450
400
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
Total Inventory & Month ' s Supply of Inventory ( MSI )
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
250
7.0
6.0
200
150
6.0
5.0
4.0
5.0
4.0
3.0
100
3.0
2.0
50
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
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
2.0
1.0
0.0
A S O
1.0
0.0
117 94
89 117
91 94
109 89
91 131 166 109
131 173
172 166 174
173 190 172
172 174
190
140
104 172
94
140
198
117 104 136 94
245 117
233
198 237
136
245
239 233
244 237 221
239 165
244 131
221 124
165 133
131 166 202 124
195
133 188 166 187
202 172
195 178
188
160 187 172 178
160
54 | 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 .