MA ARCHIVED April 2017 | Page 74

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

County : Spotsylvania

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
$ 374,900
3 %
12 %
Average List Price of all Current Listings
$ 441,213
7 %
15 %
April Median Sales Price
$ 279,900
0 %
2 %
9 %
7 %
$ 275,500
8 %
5 %
April Average Sales Price
$ 306,021
3 %
3 %
8 %
5 %
$ 297,268
6 %
2 %
Total Properties Currently for Sale ( Inventory )
521
2 %
-20%
April Number of Properties Sold
179
7 %
1 %
564
12 %
April Average Days on Market ( Solds )
53 -10% -12% -26% -10%
60
-17%
2 %
Asking Price per Square Foot ( based on New Listings )
$ 139
0 %
1 %
5 %
4 %
$ 137
3 %
2 %
April Sold Price per Square Foot
$ 128
-2%
0 %
-1%
1 %
$ 127
3 %
1 %
April Month ' s Supply of Inventory
2.9
-4% -13% -20% -27%
3.6
-25%
-9%
April Sale Price vs List Price Ratio
97.4 %
. 1 %
. 7 %
1.4 %
. 8 %
96.7 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
250
April Property sales were 179 , up 0.6 % from 178 in April of 2016
and 6.5 % higher than the 168 sales last month . April 2017 sales
Property were at their Sales highest level compared to April of 2016 and
2015250 .
200
April Property YTD sales sales of were 564 are 179 , running up 0.6 % 12.1 from % 178 ahead in April of last of year 2016 ' s
and year-to-date 6.5 % higher sales than of the 503 168 . sales last month . April 2017 sales were at their highest level compared to April of 2016 and 2015 .
200
150
April YTD sales of 564 are running 12.1 % ahead of last year ' s
year-to-date sales of 503 .
150
100

Spotsylvania

Agent Name
Title Phone Website Other

Community Information

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
100 50
50
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
0
14
15
16
17
Prices
The Median Sales Price in April was $ 279,900 , up 9.4 % from
M
14
J
J
A S O N D
J
FMedian M A M JSales
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
3 Mo Avg
Prices
$ 255,950 in April of 2016 and equal to $ 279,900 last month .
The Median Average Sales Sales Price Price in April in April was was $ 279,900 $ 306,021 , up , 9.4 up % 7.7 from % from
$
$ 255,950 284,127 in in April of of 2016 2016 and and equal up 2.9 to $ % 279,900 from $ 297,456 last month last .
340
340
320
Median Sales Price and Average Sales Price
3 Mo Avg
The month Average . April Sales 2017 Price ASP in was April at was the $ highest 306,021 level , up 7.7 compared % from to
$
April 284,127 of 2016 in April and of 2015 2016 . and up 2.9 % from $ 297,456 last month . April 2017 ASP was at the highest level compared to
320
300
300
280
April of 2016 and 2015 .
280
260
260
240
240
220
220
200
200
M
M
J
14
J
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
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of April
The was Total 521 , Inventory up 1.8 % from of Properties 512 last month available and for down sale as 19.8 of % April from 650 was in April 521 , up of 1.8 last % year from . 512 April last 2017 month Inventory and down was 19.8 at its % from lowest 650 level
900 in compared April of last with year April . April of 2016 2017 Inventory and 2015 . was at its lowest level
800
900
800
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
8.0
7.0
6.0
compared with April of 2016 and 2015 .
700
600
500
A comparatively lower MSI is more beneficial for sellers while
400 a
A comparatively lower MSI is more beneficial for sellers while a
300 higher MSI is better for buyers . The April 2017 MSI of 2.9 higher MSI is better for buyers . The April 2017 MSI of 2.9
200 months was at its lowest level compared with April of 2016 and months was at its lowest level compared with April of 2016 and
100
2015 .
2015 .
0
600
6.0
500
5.0
400
4.0
300
3.0
200
2.0
100
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
5.0
4.0
3.0
2.0
1.0
0.0
162 164 151 139 129 137 108 108 88 91 135 142 164 200 176 159 158 142 113 163 100 94 131 178 187 231 199 191 169 148 149 147 104 113 168 179
728
162
804
728 844 164 804 820
151 844 781
139 820 723
129 781 656
137 723
603 590
108
656
603 635 590 708 578
578
108 88 91 135 142
771
635 787 708 798
771 164 783
787 200 764
798 176 709
783 159
631 764
158
576 709 528
142 631
540 113 163
599 576
528 650 100 94 131 178 187 231
540 664
672 599
690 650
682 664
650 672 612 690
199 682
540 492
191 650
461 169
612 148 149 147
465 540
512
492 521 461
104 465
113
512 168
521 179
74 | 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 .