Community Information
Fairfax City
Community Information
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for December was 35 , up 16.7 % from 30 days last month and down 20.5 % from 44 days in December of last year . The December 2017 DOM was at its lowest level compared with December of 2016 and 2015 .
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The December 2017 Selling Price per Square Foot of $ 246 was down 6.5 % from $ 263 last month and up 2.4 % from 240 in December of last year .
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in December 2017 was 34 , down 38.2 % from 55 last month and down 19.0 % from 42 in December of last year .
80 70 60 50 40 30 20 10
Days On Market for Sold Properties
54
0 |
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 |
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
Selling Price per Square Foot |
3 Mo Avg |
300 290 280 270 260 250 240 230 220 210 200
Selling Price vs Original Listings Price |
The Selling Price vs Original Listing Price reveals the average |
amount that Sellers are agreeing to come down from their |
100 % |
original list price . The lower the ratio is below 100 % the more of |
99 % |
|
a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The December 2017 Selling Price vs Original
List Price of 97.7 % was down from 97.9 % last month and up
|
98 %
97 %
|
from 95.9 % in December of last year . |
96 % |
95 % 94 % 93 % 92 %
248
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 |
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
|
Selling Price versus Listing Price Ratio
96.2 %
91 % |
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 |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
Inventory / New Listings / Sales |
300 250 200 150 100 50
94 117
136
198 245 233 237
Avg Selling Price divided by Avg Listing Price for sold properties during the month
239 245
222
166
132 125 134
167 203 196 189 188 174 183
168
143
44
240
95.9 %
113 107 115
162 176 173 177
191
171
3 Mo Avg
3 Mo Avg
170 162
136
35
246
97.7 %
102
0
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 |
15 |
|
|
|
|
16 |
|
|
|
|
17 |
|
|
|
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c o l d w e l l b a n k e r h o m e s . c o m | 55