MA ARCHIVED April 2017 | Page 62

Market Action Report April 2017
Title Phone Community Information Website Other
Market Action Report April 2017

County : Fredericksburg 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
$ 382,500
9 %
5 %
Average List Price of all Current Listings
$ 490,080
6 %
13 %
April Median Sales Price
$ 362,500
11 %
10 %
15 %
15 %
$ 328,250
10 %
4 %
April Average Sales Price
$ 377,231
14 %
11 %
31 %
17 %
$ 338,651
13 %
5 %
Total Properties Currently for Sale ( Inventory )
72
6 %
-21%
April Number of Properties Sold
26
37 %
13 %
78
18 %
April Average Days on Market ( Solds )
96
-1%
12 %
45 %
57 %
86
-8%
41 %
Asking Price per Square Foot ( based on New Listings )
$ 164
-6%
-4%
-1%
3 %
$ 170
9 %
6 %
April Sold Price per Square Foot
$ 166
17 %
7 %
9 %
11 %
$ 156
11 %
4 %
April Month ' s Supply of Inventory
2.8 -23% -20% -30% -38%
3.6
-37%
-19%
April Sale Price vs List Price Ratio
94.4 % -1.8% -1.3% 1.9 % -1.6%
95.7 %
3 %
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
40
April Property sales were 26 , up 13.0 % from 23 in April of 2016 and 36.8 % higher than the 19 sales last month . April 2017 sales
35
Number of Properties Sold
3 Mo Avg
Property were at their Sales highest level compared to April of 2016 and
201540
.
April Property YTD sales sales of were 78 are 26 running , up 13.0 % 18.2 from % ahead 23 in April of last of year 2016 ' s yearto-date sales of 66 . and 36.8 % higher than the 19 sales last month . April 2017 sales
35 were at their highest level compared to April of 2016 and 2015 .
30
April YTD sales of 78 are running 18.2 % ahead of last year ' s yearto-date
30
25
20
sales of 66 .
25
15
20
10
15
5
10
0
5
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 $ 362,500 , up 15.1 % from
400
Prices
$ 315,000 in April of 2016 and up 11.0 % from $ 326,500 last
The month Median . The Sales Average Price Sales in April Price was in $ 362,500 April was , up $ 377,231 15.1 % from , up
380
400
$
30.8 315,000 % from in April $ 288,383 of 2016 in and April up of 11.0 2016 % from and $ up 326,500 14.4 % last from
360 month . The Average Sales Price in April $ 377,231 , up
380
$ 329,674 last month . April 2017 ASP was at the highest level
340
30.8 % from $ 288,383 in April of 2016 and up 14.4 % from
360 compared to April of 2016 and 2015 .
320
$ 329,674 last month . April 2017 ASP was at the highest level
340
300 compared to April of 2016 and 2015 .
320
280
300
260
280
240
260
220
240
220
200
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
200
Inventory & MSI Inventory The Total Inventory & MSI of Properties available for sale as of April The was Total 72 , up Inventory 5.9 % from of Properties 68 last month available and for down sale 20.9 as of % April from 91 in was April 72 , of up last 5.9 year % from . April 68 last 2017 month Inventory and down was 20.9 at its % lowest from 91 level in 160 April compared of last year with . April of 2017 2016 Inventory and 2015 was . at its lowest level 140 compared with April of 2016 and 2015 .
120 100
80 A comparatively lower MSI is more beneficial for sellers while a 60 A higher comparatively MSI is better lower MSI for buyers is more . The beneficial April for 2017 sellers MSI while of 2.8 a
higher MSI is better for buyers . The April 2017 MSI of 2.8
40 months was at its lowest level compared with April of 2016 and months was at its lowest level compared with April of 2016 and 20 2015 . 2015 .
0

Fredericksburg

Agent Name

Title Phone Community Information Website Other

M 14
160 140 120 100 80 60
111
40 20 0
M J 14
15
15 18 22 18 19 17 14 23 17 6
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
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
15
16
17
Total Inventory & Month ' s Supply of Inventory ( MSI )
Total Inventory & Month ' s Supply of Inventory ( MSI )
124
111 127 18
138 124 22 18 138
131 127 135
19 131 116
17 135 105
14 116 94
23
105 118 94
101
17 6
130 135
101 21 19
118 143 130
134 135
126
143 127 123
134
126
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
15 15
Number of Properties Sold
23 34 24 22
104 127
21
91 123 77
19
J A S O N D J 16
104
81 18 20
21 19 23 34 24 22 21 19 18 20 13 9
13 9 21 23 30
21 23 30 32 28 28 28 23 20 12 16 17 19 26
88
91
77
91
95
81
102
88
94
91
94
95
90
102
90
94
88
94
J A S O N D J F M A M J F M A M J
16
32 28 28
90
J A S O N D J 17
28
90 23
88
76 20
76 66 69 68 72 66 12 16
18.0 16.0 14.0 12.0 10.0 8.0
69
68
6.0 4.0 2.0 0.0
17 72
J A S O N D J F M A F M A
17
3 Mo Avg
19 26
18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0
62 | 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 .