MA ARCHIVED April 2017 | Page 54

Market Action Report April 2017
Community Information
Market Action Report April 2017

County : Fairfax 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
$ 777,000
2 %
14 %
Average List Price of all Current Listings
$ 811,914
3 %
13 %
April Median Sales Price
$ 544,444
1 %
8 %
-0%
3 %
$ 505,985
-5%
-5%
April Average Sales Price
$ 550,961
3 %
4 %
-5%
0 %
$ 530,597
-3%
-4%
Total Properties Currently for Sale ( Inventory )
172
4 %
-15%
April Number of Properties Sold
62
-7%
9 %
210
34 %
April Average Days on Market ( Solds )
30 -19% -30% -3%
-32%
43
-9%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 266
2 %
2 %
4 %
4 %
$ 262
0 %
3 %
April Sold Price per Square Foot
$ 256
2 %
2 %
-4%
5 %
$ 251
-1%
3 %
April Month ' s Supply of Inventory
2.8
13 %
8 %
-22% -15%
2.7
-34%
-16%
April Sale Price vs List Price Ratio
98.8 %
. 8 %
1.3 %
. 6 %
2.3 %
97.5 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Fairfax Agent Name City Title Phone Website Other

Community Information

Number of Properties Sold
Property Sales
90
April Property sales were 62 , up 8.8 % from 57 in April of 2016 and 7.5 % lower than the 67 sales last month . April 2017 sales
80
Number of Properties Sold
3 Mo Avg
Property were at their Sales highest level compared to April of 2016 and
201590 .
70
April Property YTD sales sales of were 210 are 62 , running up 8.8 % 33.8 from % 57 ahead in April of of last 2016 year ' s and 7.5 % lower than the 67 sales last month . April 2017 sales
80 year-to-date sales of 157 .
60
were at their highest level compared to April of 2016 and 2015 .
70
50
April YTD sales of 210 are running 33.8 % ahead of last year ' s year-to-date sales of 157 .
60
40
50
30
40
20
30
10
20
0
10
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
0
14
15
16
17
M
J
Prices
14
The Median Sales Price in April was $ 544,444 , down 0.3 % from
700
Prices
$ 546,000 in April of 2016 and up 1.1 % from $ 538,500 last
The month Median . The Sales Average Price Sales in April Price was in $ 544,444 April was , down $ 550,961 0.3 % , from down
700
650
$
4.7 546,000 % from in $ April 578,274 of 2016 in April and up of 2016 1.1 % from and up $ 538,500 3.0 % from last
J
A S O N D
J
FMedian M A M J Sales
J A SPrice O N Dand
J FAverage M A M J Sales
J
A S Price O N D
J
F M A
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
month
$ 534,694 . The last Average month Sales . April Price 2017 in April ASP was $ at 550,961 a mid , range down
4.7 compared % from $ 578,274 to April in of April 2016 of and 2016 2015 and . up 3.0 % from
650
600
$ 534,694 last month . April 2017 ASP was at a mid range
600
550
compared to April of 2016 and 2015 .
550
500
63 83 62 65 48 43 46 55 35 27 39 57 66 83 81 63
63 83 62 65 48 43 46 55 35 27 39 57 66 83 81 63 41 63 36 54 27 28 45 57 77 79 70 67 56 51 47 41 33 48 67 62
41 63 36 54 27 28 45 57 77 79 70 67 56 51 47 41 33
3 Mo Avg
48 67 62
500 450 400
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of April The was Total 172 , Inventory up 4.2 % from of Properties 165 last available month and for down sale as 14.9 of April % from was 202172 in , April up 4.2 of % last from year 165 . last April month 2017 and Inventory down 14.9 was % at from its lowest 300 202 level in compared April of last with year April . of 2017 2016 Inventory and 2015 was . at its lowest 250 level compared with April of 2016 and 2015 . 200
150 A comparatively lower MSI is more beneficial for sellers while a A comparatively lower MSI is more beneficial for sellers while a 100 higher MSI is better for buyers . The April 2017 MSI of 2.8 higher months MSI was is better at its lowest for buyers level . The compared April 2017 with MSI April of 2.8 of 2016 and 50
months 2015 . was at its lowest level compared with April of 2016 and
2015 . 0
450
400
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
M
J
14
J
A S O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17
14
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
7.0
250
7.0
6.0
200
150
6.0
5.0
4.0
5.0
4.0
3.0
100
3.0
2.0
2.0
50
1.0
0
0.0
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
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
14
15
16
17
14
15
16
17
1.0
0.0
166 173
172 166
174 173
190 172
172 174 190 140
172 104
140
94 117
104 136 94
198 117
245
136 233 198 237
245
239 233
244 237 221
239 165
244 131
221
124 165
202
133
131 166 124
195 133
202
188 166 187
195 173
188 182
187
167 173
142 182
113 167
108
117
142 165 172
113 108 117 165 172
54 | 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 .