Market Action Report December 2017
Community Information
Market Action Report December 2017
County : Falls Church 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 |
$ 999,000 |
-9% |
|
21 % |
|
|
|
|
Average List Price of all Current Listings |
$ 922,980 |
-8% |
|
8 % |
|
|
|
|
December Median Sales Price |
$ 880,000 |
42 % |
23 % |
36 % |
20 % |
$ 780,000 |
6 % |
6 % |
December Average Sales Price |
$ 806,250 |
-5% |
4 % |
17 % |
-1% |
$ 813,188 |
-2% |
0 % |
Total Properties Currently for Sale ( Inventory ) |
10 |
-9% |
|
-50% |
|
|
|
|
December Number of Properties Sold |
8 -11% |
-20% |
|
175 |
29 % |
|
December Average Days on Market ( Solds ) |
69
109 % 47 %
|
0 % |
92 % |
31 |
-14% |
-14% |
Asking Price per Square Foot ( based on New Listings ) |
$ 286 |
-3% -14% -3% |
-17% |
$ 351 |
2 % |
2 % |
December Sold Price per Square Foot |
$ 302 |
-17% -14% -7% |
-13% |
$ 347 |
1 % |
0 % |
December Month ' s Supply of Inventory |
1.3 |
2 % |
-14% -38% -53% |
1.5 |
-42% |
-42% |
December Sale Price vs List Price Ratio |
95.1 % -3.8% -. 8 % |
. 5 % |
-1.5% |
98.1 % |
1 % |
2 % |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales December Property sales were 8 , down 20.0 % from 10 in December of 2016 and 11.1 % lower than the 9 sales last month . Property December Sales 2017 sales were at their lowest level compared to 30
December Property of 2016 sales and were 2015 . 8 , December down 20.0 YTD % from sales 10 of in 175 are December running 28.7 of 2016 % ahead and 11.1 of % last lower year than ' s year-to-date the 9 sales last sales month of 136 . . 25 December 2017 sales were at their lowest level compared to December of 2016 and 2015 . December YTD sales of 175 are
20 running 28.7 % ahead of last year ' s year-to-date sales of 136 .
Falls Church
Agent Name
Title Phone Website Other
Community Information
15
30
25
20
15
10
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
10
5
7 11 13 12 17 16
5 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
0 15 16
17
Prices
J F M A M J J A S OMedian N D J FSales M A MPrice J J Aand S OAverage N D J F Sales M A M Price J J A S O N D 15
16 17
3 Mo Avg The Median Sales Price in December was $ 880,000 , up 35.9 %
1,100
Prices from $ 647,500 in December of 2016 and up 42.2 % from Median Sales Price and Average Sales Price
3 Mo Avg
The $ 619,000 Median last Sales month Price . in The December Average was Sales $ 880,000 Price in , up December 35.9 % was
1,1001,000 from $ 806,250 $ 647,500 , up in 16.6 December % from $ of 691,690 2016 and in up December 42.2 % from of 2016 and $ down 619,000 5.0 last % from month $ 848,322 . The Average last month Sales Price . December in December 2017 ASP was was 1,000 900 $ at 806,250 the highest , up 16.6 level % from compared $ 691,690 to December in of 2016 of 2016 and and 2015 . down 5.0 % from $ 848,322 last month . December 2017 ASP was 900 800 at the highest level compared to December of 2016 and 2015 .
800 700
17 11
7 11 13 12 17 16 17 11 15 8
15 8 12 11 6
12 11 6 3 9
3 9 11 17 22 14
11 17 22 14 17 9 10 17 9 10 8 10 13 12 10 14 25 22 22 17 14
8 10 13 12 10 14 25 22 22 17 14 9 9 8
9 9 8
700
600
600 500 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
500 15
16
17 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 & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The December Total Inventory was 10 , of down Properties 9.1 % from available 11 last for month sale as and of down 40
7.0
December 50.0 % from was 20 10 , in down December 9.1 % from of last 11 last year month . December and down 2017 40 35
7.0 6.0
50.0 Inventory % from was 20 in at December its lowest of level last compared year . December with December 2017 of 35 30
6.0 5.0
Inventory 2016 and was 2015 at . its lowest level compared with December of 30 25 5.0
2016 and 2015 .
4.0
25 20 4.0
20 3.0
15
A comparatively lower MSI is more beneficial for sellers while 3.0 15
a A higher comparatively MSI is better lower MSI for buyers is more . The beneficial December for sellers 2017 while MSI of a 1.3
10 2.0
2.0 higher MSI is better for buyers . The December 2017 MSI of 1.3
10 months was at a mid level compared with December of 2016 and 5
1.0 months was at a mid level compared with December of 2016 and 5 1.0
2015 . 0
0.0 2015 .
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 0.0 O N D
J F
15 M 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 17 A M J J A S O N D
15 16
17
20 21
20 25 21
31 31 25
35 31
31 36 35 31
36
35 31 25
35 16
25
13 16 19
15
13 24 24 19 25
15
28
24 28 24
29
27 25
30 38
29 27 22
30 20
38
18 22 26
16 20 24 25
18 16
33
26 30 24 25
33
26 25
30
17
26
11 10
25
17
11 10
Copyright © Coldwell Banker Residential Brokerage | Price Range : All | Property Types : SFH - Con
58 | c o l d w e l l b a n k e r h o m e s . c o m
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 .