MA ARCHIVED September 2016 | Page 45

Market Action Report

September 2016

Alexandria

County: Alexandria City

Agent Name
Title
Phone
Website
Other

Community Information
Price Range: $1,000,000 and Up | 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 September was 58, down 34.8%
from 89 days last month and up 93.3% from 30 days in
September of last year. The September 2016 DOM was at a mid
level compared with September of 2015 and 2014.

3 Mo Avg

250
200
150

127

100
58

50

30

0
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-50

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 September 2016 Selling Price per Square Foot of $398 was
up 3.1% from $386 last month and up 25.7% from 317 in
September of last year.

750
700
650
600
550
500
450
400
350
300
250

3 Mo Avg

398
317

313

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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
102%
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of 100%
98%
a Buyer's market exists, a ratio at or above 100% indicates more
96%
of a Seller's market. The September 2016 Selling Price vs
94%
Original List Price of 92.6% was up from 89.6% last month and
92%
down from 96.0% in September of last year.
90%
88%
86%
84%
82%
80%

3 Mo Avg

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

96.0%

92.6%
88.0%

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Inventory / New Listings / Sales

Inventory / New Listings / Sales

70

44

43

39

45

48
39
34
29

38

39
29

45

43

49

45

45

44

44
33

39

34

20

48

58
52

58

54
49

48

45

41

37

35

30

46

40

53

50

55

60

43

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 September 2016 was 16, up 166.7% from 6 last
month and up 33.3% from 12 in September of last year.

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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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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