MA ARCHIVED October 2016 | Page 58

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

County : Falls Church 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
$ 725,000
5 %
-27%
Average List Price of all Current Listings
$ 821,877
-0%
-15%
October Median Sales Price
$ 788,700
21 %
8 %
10 %
13 %
$ 752,000
10 %
7 %
October Average Sales Price
$ 906,090
38 %
8 %
5 %
23 %
$ 849,758
18 %
15 %
Total Properties Currently for Sale ( Inventory )
37
23 %
48 %
October Number of Properties Sold
10
11 %
25 %
117
-8%
October Average Days on Market ( Solds )
17 -65% -26% -43% -56%
33
-11%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 341
-6%
1 %
-16%
-3%
$ 349
-1%
-1%
October Sold Price per Square Foot
$ 352
-3%
0 %
-11%
-1%
$ 352
-1%
-1%
October Month ' s Supply of Inventory
3.7
11 %
27 %
18 %
70 %
2.7
15 %
25 %
October Sale Price vs List Price Ratio
94.7 % 3.0 % -1.6% -3.4% -2.9%
96.8 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2015 ) / YTD = Year-to-date
Property Sales October Property sales were 10 , up 25.0 % from 8 in October of
2015 and 11.1 % higher than the 9 sales last month . October Property 2016 sales Sales were at a mid level compared to October of 2015 and 25
October 2014 . October Property YTD sales sales were of 10117 , up are 25.0 running % from 87.9 in % October behind of last 2015 year and ' s year-to-date 11.1 % higher sales than of the 127 9 . sales last month . October 2016 sales were at a mid level compared to October of 2015 and 20 2014 . October YTD sales of 117 are running 7.9 % behind last year ' s year-to-date sales of 127 .
15

Falls Church

Agent Name
Title Phone Website Other

Community Information

25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10 5
5
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
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 $ 788,700 , up 10.0 %
1,100
Prices from $ 717,000 in October of 2015 and up 21.3 % from $ 650,000
Median Sales Price and Average Sales Price
The last Median month Sales . The Price Average in October Sales Price was $ in 788,700 October , up was 10.0 $ 906,090 % ,
1,1001,000 from up 5.5 $ 717,000 % from in $ 859,050 October of in 2015 October and of up 2015 21.3 % and from up $ 38.2 650,000 % from
J
A S O
3 Mo Avg
3 Mo Avg
last
$ 655,778 month . last The month Average . October Sales Price 2016 in October ASP was was at the $ 906,090 highest , level
1,000 up compared 5.5 % from to $ October 859,050 of in 2015 October and of 2014 2015 . and up 38.2 % from
900
$ 655,778 last month . October 2016 ASP was at the highest level
900
800
compared to October of 2015 and 2014 .
800
700
700
5 12
600
500
500
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 37 , up of 23.3 Properties % from available 30 last month for sale and as of up 48.0 %
October from 25 was in October 37 , up 23.3 of % last from year 30 . last October month 2016 and Inventory up 48.0 % was at 45a from mid 25 level in October compared of last with year October . October of 2015 2016 and Inventory 2014 . was at a
40 mid level compared with October of 2015 and 2014 .
35
30
45
40
35
30
25
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
6.0
5.0
7.0
6.0
5.0
4.0
25
A comparatively lower MSI is more beneficial for sellers while
20 a
A comparatively lower MSI is more beneficial for sellers while a
15 higher MSI is better for buyers . The October 2016 MSI of 3.7 higher MSI is better for buyers . The October 2016 MSI of 3.7
10 months was at a mid level compared with October of 2015 and months was at a mid level compared with October of 2015 and
5
2014 .
2014 .
0
20
15
10
5
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
4.0
3.0
2.0
1.0
0.0
A S O
3.0
2.0
1.0
0.0
21
600
14 5 21 16
12 21 14
3 22 16
10
21 25 12 35 22
10
33 25
14 35
35 34
15 33
18
39
35 41
15
34 28
16
39
3 10 12 10 14 15 18 15 16 11 7
26 11
17 41
20 28
7 21
26 17 25 20 7 11
31 31
21
13 12
35
31 36 31 35
25
31 17 35
16 36 25
17 31 16
7 11 13 12 17 16 17 11 15 8
11 35 13
15 25 15
8
19 16 12 11
24 24 25 19
13 15
12 11 6 3 9 6 3 9 11
28 24 29 24 27 25 30
17 37
28 22 29
11 17 22 14 16 9 10
14 27
16
30 9
37 10
58 | 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 .