MA ARCHIVED April 2017 | Page 56

Market Action Report
County: Fairfax
Market Action Report
April 2017
Fairfax County
County: Fairfax
Agent Name
Title
Phone
Agent
Name
Website
Other
Title
April 2017
Community Information
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median
List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$774,900
1%
11%
Other
$1,019,494 Trending
1% versus*:
13%
Month
LM 0%
L3M 4%
PYM 5%
LY
$580,000
$774,900
1% 1% 1%
11% 3%
$624,332
$1,019,494 2,476
1% 9% 13% -22%
$580,000 940
0% 12%
4% 5% -3%
5%
$624,332 1%
1%
3%
3%
33 -31% -28% -21%
2,476 9%
-22%
$262 0% 0% 3%
940 12%
-3%
$257 2% 2% 2%
33 -31% -28% -21% -28%
2.6 -3% -10% -20%
$262 0% 0% 3% 2%
98.3% .8% .9% .6%
Average List Price of all Current Listings
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
April
Sales
Price
April Median
Number
of Properties
Sold
April Average Sales Price
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
April Sold Price per Square Foot
April Average Days on Market (Solds)
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
April Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
Trending versus*:
YTD
Prior YTD 4%
Prior Year
$559,000
5%
3%
$615,909
2%
2%
5%
$559,000 2,855
4%
$615,909
5%
-28%
46
6% 2%
-15% 2%
2%
$262
3%
2,855
6%
4%
$253
1%
46 -15%
0%
-20%
3.0 -21%
$262
3%
2%
1.6%
97.4%
1%
0%
2%
2%
-9%
1%
$257 2% 2% 2% 4%
$253
1%
2%
2.6 -3% -10% -20% -20%
3.0 -21%
-9%
Number of 97.4%
Properties
98.3% .8% .9% .6% 1.6%
1% Sold 1%
* LM=Last Month / L3M=Las t 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
1,400
April Property sales were 940, down 2.9% from 968 in April of
2016 and 12.0% higher than the 839 sales last month. April
1,200
Property
2017 sales Sales
were at a mid level compared to April of 2016 and 1,400
April
Property
sales sales
were of
940,
down
from 5.9%
968 in
April of
of last
1,000
2015.
April YTD
2,855
are 2.9%
running
ahead
2016
and
12.0% higher
than of the
839 sales last month. April
1,200
year's
year-to-date
sales
2,697.
800
2017 sales were at a mid level compared to April of 2016 and
Prices
The Median Sales Price in April was $580,000, up 5.5% from
Prices
$550,000 in April of 2016 and up 0.0% from $579,900 last
The
Median
Sales
Price Sales
in April
was in
$580,000,
5.5% from up 3.2%
month.
The
Average
Price
April was up
$624,332,
700
$550,000
in April in
of April
2016 of
and
up 0.0%
from
$579,900
last
from $605,236
2016
and up
0.7%
from $619,707
last
680
month.
Average
Price at in the
April
was $624,332,
up 3.2%
month. The
April
2017 Sales
ASP was
highest
level compared
to
from
in April
of 2016 and up 0.7% from $619,707 last 660
April $605,236
of 2016 and
2015.
month. April 2017 ASP was at the highest level compared to
April of 2016 and 2015.
640
620
600
580
560
540
520
500
14
700
680
660
640
620
600
580
560
540
520
500
16
491
736
15
Median Sales Price and Average Sales Price
17
3 Mo Avg
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
15 A M J J A S O N D J F M 16
M J 14 J A S O N D J F M
A M J J A S O N D J F M A 17
14
15
16
17
Inventory & MSI
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
6.0
6.0
0
5.0
4.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
4,000
was Total
2,476,
up 8.7% of from
2,277 available
last month
The
Inventory
Properties
for and
sale down
as of 22.5%
April from
4,000 3,500
3,194
in April
of last
year.
April
2017 Inventory
at its
lowest
was
2,476,
up 8.7%
from
2,277
last month
and down was
22.5%
from
3,194
April of last
year.
April
2017 and
Inventory
level in
compared
with
April
of 2016
2015. was at its lowest 3,500 3,000
level compared with April of 2016 and 2015.
3,000 2,500
2,500 2,000
2,000 1,500
A comparatively lower MSI is more beneficial for sellers while 1,500
a
A higher
comparatively
lower MSI
is more The
beneficial
sellers
MSI is better
for buyers.
April for
2017
MSI while
of 2.6 a 1,000 1,000
higher
MSI
is better
for buyers.
April 2017
of 2.6
500
months
was
at its lowest
level The
compared
with MSI
April
of 2016 and
500
months
0
2015. was at its lowest level compared with April of 2016 and
2015.
1,109
875
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
M J J A S O N D J Median
F M A M Sales
J J A Price
S O N and
D J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
0
0
200
200
400
400
600
3 Mo Avg
600
800
1,000
2015. April YTD sales of 2,855 are running 5.9% ahead of last
year's year-to-date sales of 2,697.
Number of Properties Sold
3.0
2.0
1.0
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
Copyright
© Coldwell
Banker Residential
Brokerage
| Price Range:
All | Property
Types:
SFH - Con
Copyright
© | Coldwell
Price
| Property
SFH - Con
56
c o Banker
l d Residential
w e l l Brokerage
b a n | k
e Range:
r h o All m
e s . Types:
com
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
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
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.
5.0
4.0
3.0
2.0
1.0
0.0