MA ARCHIVED September 2016 | Page 56

Market Action Report

Falls Church

County: Falls Church City

Market Action Report

County: Falls Church City

September 2016

Agent Name

September 2016

Title
Phone
Agent
Name
Website
Title Other

Community Information

Price Range: $1,000,000 and Up | Properties: SFH - Con

Phone
Website
Month
$1,467,450
Other

Market Profile & Trends Overview
Median
List Price
all Current
Price Range: $1,000,000
and Up | of
Properties:
SFH - Con Listings

LM

Trending versus*:
L3M PYM LY

Trending versus*:
Prior YTD Prior Year

YTD

1%
12%
$1,449,440 Trending
-3% versus*:5%
Trending versus*:
Month
LM -3%
L3M -2%
PYM 8%
LY
Prior YTD 5%
Prior Year 5%
$1,300,000
4% YTD
$1,313,508
$1,467,450
1% 2% -1%
12% 6%
$1,300,000
2% $1,329,531
7%
4%
$1,449,440 -3%
10 -9% 5% -38%
$1,300,000 -3% -2% 8% 4% $1,313,508
5%
5%
1 -83%
-80%
30
50%
$1,300,000 2% -1% 6% 2% $1,329,531
7%
4%
44 175% 193% -56% -21%
43 -26%
-23%
10 -9%
-38%
$347 5% 2% 27% 18%
$331
12%
13%
1 -83%
-80%
30
50%
$415
33%
27%
35%
40%
$324
10%
9%
44 175% 193% -56% -21%
43 -26%
-23%
10.0
445%
113%
213%
78%
4.3
-31%
-23%
$347 5% 2% 27% 18%
$331
12%
13%
-1%
$41586.7%
33% -9.3%
27% -10.0%
35% -11.3%
40% -10.9% $324 96.5%
10% -1% 9%

Average List Price of all Current Listings
Market
Profile
& Trends
Overview
September
Median
Sales Price
Median List Price of all Current Listings

September Average Sales Price

Average List Price of all Current Listings

Total Properties Currently for Sale (Inventory)

September Median Sales Price

September Number of Properties Sold

September Average Sales Price

September Average Days on Market (Solds)

Total Properties Currently for Sale (Inventory)

Asking Price per Square Foot (based on New Listings)

September Number of Properties Sold

September Sold Price per Square Foot

September Average Days on Market (Solds)

September Month's Supply of Inventory

Asking Price per Square Foot (based on New Listings)

SeptemberSold
SalePrice
Price
vsSquare
List Price
September
per
FootRatio

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date

10.0 445% 113% 213% 78%
4.3 -31%
-23%
Number of96.5%
Properties
86.7% -9.3% -10.0% -11.3% -10.9%
-1% Sold -1%

September Month's Supply of Inventory
September Sale Price vs List Price Ratio

* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date
Property
Sales

1

6

4

6

3

3

3

1

3

3

3

2

5

1

2

1

2

2

1

3

3

3

2

4

4

6

3

5

2

6

1

6

4

6

3

3

3

1

3

3

3

2

5

1

2

1

2

2

1

3

3

3

2

4

4

6

6

3

5

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 M J J A S
13
14
15
16

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 M J J A S
Median Sales
Price
13
14
15 Price and Average Sales
16
3 Mo Avg

Prices

The Median Sales Price in September was $1,300,000, up 8.3%
1,600
Prices
from $1,200,000 in September of 2015 and down 2.9% from
The
Median Sales
Price in September
wasSales
$1,300,000,
8.3%
$1,338,508
last month.
The Average
Price in up
September
1,6001,500
from
September
of 2015
and down
2.9% from of 2015
was $1,200,000
$1,300,000,inup
6.4% from
$1,222,010
in September
$1,338,508
last
month.
The
Average
Sales
Price
in
September
1,5001,400
and up 2.0% from $1,274,003 last month. September 2016 ASP
was $1,300,000, up 6.4% from $1,222,010 in September of 2015
was at the highest level compared to September of 2015 and
and up 2.0% from $1,274,003 last month. September 2016 ASP 1,4001,300
2014.
was at the highest level compared to September of 2015 and
2014.

3

1

0

2

2

0

2

0

1

3

1

2

1

2

3

2

3

4

0

4

3 Mo Avg

5

2

5

Number of Properties Sold

6

2

September 2016 sales were at their lowest level compared to
September of 2015 and 2014. September YTD sales of 30 are
running 50.0% ahead of last year's year-to-date sales of 20.

7

2

September Property sales were 1, down 80.0% from 5 in
September of 2015 and 83.3% lower than the 6 sales last month.
Property
SeptemberSales
2016 sales were at their lowest level compared to 7
September Property sales were 1, down 80.0% from 5 in
September of 2015 and 2014. September YTD sales of 30 are
September of 2015 and 83.3% lower than the 6 sales last month. 6
running 50.0% ahead of last year's year-to-date sales of 20.

3 Mo Avg

Median Sales Price and Average Sales Price

3 Mo Avg

1,3001,200
1,200

1,100

1,100

1,000

1,000

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 M J J A S

O N 13
D J F 14
M A M J J A S O N D J F M15A M J J A S O N D J F M A16M J J A S
13
14
15
16

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI

8
7

10

11

12

16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0

9

11

10

11

11

12

11

9
9

9

8

11

9 9
7 11

11

12

14

14
12

13 16

14

9
7

7

79
7

57

7
5

5

6
5

14

13

10

10

9

10

9

76

7

9

9
10

11

12
11

12

12
11
12

8

8

8 8

11

14

14

16

Total Inventory & Month's Supply of Inventory (MSI)

8

12
10
8
A comparatively lower MSI is more beneficial for sellers while a6
A comparatively lower MSI is more beneficial for sellers while a
higher MSI is be tter for buyers. The September 2016 MSI of 4
higher MSI is better for buyers. The September 2016 MSI of
10.0 months was at its highest level compared with September 2
10.0 months was at its highest level compared with September
of 2015 and 2014.
0
of 2015 and 2014.

and 2014.

18
16
14
12
10
8
6
4
2
0

8

Inventory
& MSI of Properties available for sale as of
The Total Inventory
The
Total Inventory
Properties
available
formonth
sale as and
of down
September
was 10,ofdown
9.1% from
11 last
18
September
was
9.1% from
11 last
and down
37.5% from
1610,
in down
September
of last
year.month
September
2016
37.5%
from 16
inat
September
of compared
last year. September
2016 of 201516
Inventory
was
a mid level
with September
14
Inventory
was at a mid level compared with September of 2015
and 2014.

J AF M
M JA JM AJ S J OA NS DO J NF DM JA FM MJ AJ M
A DS JO FN MD AJ MF JM J AAMS J J A S
O NO
D NJ D
F M
A SJ OJ N
15
16
13 13 14 14
15
16

Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
Up | Property
SFH - Con
Copyright
© Coldwell
Banker
Residential
Brokerage
| Price
Range:
$1,000,000
and Upand
| Property
Types: Types:
SFH - Con

Data
provided
courtesy
of Coastal
of REALTORS
MD,Metropolitan
Information
Systems,
Inc.,County
SussexAssociation
County Association
of REALTORS
mayallnotrelevant
reflectreal
all relevant
real estate
activity.
Coldwell
Banker
Residential Brokerage
Data
is is
provided
courtesy
of MD,
Inc.,
Information
Systems,
Inc., Sussex
of REALTORS
and may notand
reflect
estate activity.
Coldwell
Banker
Residential
Brokerage
56
| c
o lofdCoastal
w eAssociation
l Association
l b aofnREALTORS
kerh
oofm
eInc.,
s .Metropolitan
c oRegional
m Regional
does
warrant
or guarantee
accuracy
of information.
this information.
It isresponsibility
the responsibility
anyorbuyer
verify
and all information
to such consumer’s
estate transaction.
does
notnot
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
sellerortoseller
verifytoany
and any
all information
relevant torelevant
such consumer’s
real estate real
transaction.

16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0