MA ARCHIVED October 2016 | Page 56

Market Action Report October 2016
Title Phone Community Information Website Other
Market Action Report October 2016

County : Fairfax

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
$ 699,900
3 %
8 %
Average List Price of all Current Listings
$ 958,738
3 %
7 %
October Median Sales Price
$ 541,750
0 %
-3%
5 %
-2%
$ 555,000
0 %
1 %
October Average Sales Price
$ 630,481
7 %
4 %
5 %
4 %
$ 608,147
-1%
0 %
Total Properties Currently for Sale ( Inventory )
2,568 -11%
-20%
October Number of Properties Sold
680 -11%
-2%
8,602
6 %
October Average Days on Market ( Solds )
48
9 %
14 % -11%
7 %
44
2 %
-2%
Asking Price per Square Foot ( based on New Listings )
$ 260
0 %
1 %
1 %
2 %
$ 256
0 %
0 %
October Sold Price per Square Foot
$ 253
4 %
3 %
2 %
3 %
$ 249
1 %
1 %
October Month ' s Supply of Inventory
3.8
1 %
11 % -18%
-0%
3.4
-11%
-11%
October Sale Price vs List Price Ratio
95.9 %
-. 8 % -. 7 %
. 3 %
-. 6 %
96.9 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales
1,400
October Property sales were 680 , down 2.3 % from 696 in
October of 2015 and 11.3 % lower than the 767 sales last month .
1,200
Property
October 2016 Sales sales were at a mid level compared to October of
1,400
October
2015 and Property 2014 . sales October were YTD 680 , sales down of 2.3 8,602 % from are 696 running 6.1 %
1,000
October ahead of of last 2015 year and ' s 11.3 year-to-date % lower than sales the of 767 8,104 sales . last month .
October 2016 sales were at a mid level compared to October of
1,200
800
2015 and 2014 . October YTD sales of 8,602 are running 6.1 %
1,000
ahead of last year ' s year-to-date sales of 8,104 .
600
800
400
600
400
200

Fairfax Agent County

Name

Title Phone Community Information Website Other

Number of Properties Sold
200
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
0
13
14
15
16
Prices
The Median Sales Price in October was $ 541,750 , up 5.1 % from
Prices
$ 515,500 in October of 2015 and up 0.3 % from $ 540,000 last
The month Median . The Sales Average Price Sales in October Price was in October $ 541,750 was , up $ 5.1 630,481 % from , up
700
$
5.2 515,500 % from in October $ 599,518 of in 2015 October and up of 0.3 2015 % from and up $ 540,000 6.6 % from last
N
D
J
F M A M J
J
Median
A S O N Sales D
J
F Price M A M and J J AAverage S O N DSales
J
F MPrice A M J
13
14
15
16
700
Median Sales Price and Average Sales Price
650
J
A S O
3 Mo Avg
3 Mo Avg
month
$ 591,299 . The last Average month Sales . October Price in 2016 October ASP was $ at 630,481 the highest , up level
650
5.2 compared % from $ to 599,518 October in October of 2015 of and 2015 2014 and . up 6.6 % from
600
$ 591,299 last month . October 2016 ASP was at the highest level
600
550
compared to October of 2015 and 2014 .
550
500
500 450
596 676 436
596 676 436 485 623 783 931 1,038 900 859 626 655 557 747 461 491 683 851 1,004 1,208 1,109 875 726 696 564 736 491 543 695 968 1,125 1,261 1,055 1,017 767 680
450
400
400
N
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
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
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 2,568 of , down Properties 10.7 % available from 2,876 for sale last as month of and
4,000
October down 19.6 was % 2,568 from , down 3,19510.7 in October % from 2,876 of last last year month . October and 2016
4,0003,500 down
Inventory 19.6 % was from at 3,195 its lowest in October level of compared last year . with October October 2016 of 2015
3,5003,000
Inventory and 2014 was . at its lowest level compared with October of 2015
3,0002,500 and 2014 .
2,5002,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
6.0
5.0
4.0
6.0
5.0
4.0
3.0
2,000
1,500
3.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
A comparatively lower MSI is more beneficial for sellers while a
2.0 higher MSI is better for buyers . The October 2016 MSI of 3.8
1,000 higher MSI is better for buyers . The October 2016 MSI of 3.8
1,000 months was at its lowest level compared with October of 2015
500
1.0 months was at its lowest level compared with October of 2015
500 and 2014 .
0 and 2014 .
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
2.0
1.0
0.0
1,854 1,521 1,508 1,634
1,906
485 623
2,349 2,832 2,891
1,854 1,521 1,508 1,634
1,906
783 2,349
931 1,038 900
2,832 2,891 2,959
2,959 2,998 3,116 2,927 859 626
Number of Properties Sold
655
2,998 3,116 2,927
557
2,352 1,925
2,352 1,925 1,853 2,029
747 2,417
461 491 683 851 1,004 1,208
3,063 3,480 3,473 3,491 3,393 3,388 3,195
1,853 2,029
2,417 3,063
1,109 875 726
3,480 3,473 3,491 3,393 3,388 3,195
696 2,605
564
2,605 2,088 1,998 2,151
2,723
736 491
3,187 3,177 3,170
2,088 1,998 2,151 543 695
3 Mo Avg
968 1,125
2,994 2,767 2,876
2,568 1,261 1,055
2,723 3,187 3,177 3,170 2,994
2,767
3 Mo Avg
1,017 767
2,876 2,568
680
56 | 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 .