MA ARCHIVED September 2016 | Page 53

Market Action Report

September 2016

Fairfax City

County: Fairfax 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 0, down 100.0%
from 82 days last month and down 100.0% from 62 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
100
62

50
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 September 2016 Selling Price per Square Foot of $0 was
down 100.0% from $192 last month and up from 0 in
September of last year.

300
280
260
240
220
200
180
160
140
120
100

3 Mo Avg

210

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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
120%
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 100%
of a Seller's market. The September 2016 Selling Price vs
80%
Original List Price of 0.0% was down from 100.3% last month
and down from 85.0% in September of last year.
60%

3 Mo Avg

Avg Selling Price divided by Avg Listing Price for sold properties during the month
101.5%

85.0%

40%
20%
0%
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Inventory / New Listings / Sales

Inventory / New Listings / Sales

25

25
22

23
18

16

17

17
6
5

5

10

8

16
10

17

16

19
16

15

14

11
8

9

5

17

15

10

28

28

26

20

26

33

32
29

27

25

29

30

31

35

13

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 8, up 33.3% from 6 last month
and down 27.3% from 11 in September of last year.

0
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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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