MA ARCHIVED December 2017 | Page 62

Market Action Report December 2017
Title Phone Community Information Website Other
Market Action Report December 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
$ 389,900
3 %
10 %
Average List Price of all Current Listings
$ 498,816
5 %
12 %
December Median Sales Price
$ 274,000
-22% -13% -14% -13%
$ 330,000
5 %
5 %
December Average Sales Price
$ 280,779
-26% -19% -22% -13%
$ 344,466
7 %
7 %
Total Properties Currently for Sale ( Inventory )
48 -27%
-38%
December Number of Properties Sold
14 -26%
17 %
265
-1%
December Average Days on Market ( Solds )
43 -28% -30%
5 %
-30%
74
19 %
21 %
Asking Price per Square Foot ( based on New Listings )
$ 171
-3%
5 %
50 %
8 %
$ 165
4 %
4 %
December Sold Price per Square Foot
$ 167
4 %
7 %
18 %
11 %
$ 158
5 %
5 %
December Month ' s Supply of Inventory
3.4
-1%
-3% -47% -24%
3.3
-28%
-28%
December Sale Price vs List Price Ratio
93.0 % -1.0% -2.2% -5.2% -3.0%
95.3 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date

Fredericksburg

Agent Name

Title Phone Community Information Website Other

Property Sales
40
December Property sales were 14 , up 16.7 % from 12 in
December of 2016 and 26.3 % lower than the 19 sales last month .
35
Number of Properties Sold
3 Mo Avg
Property
December Sales 2017 sales were at a mid level compared to December
40
December of 2016 and Property 2015 . sales December were 14 YTD , up 16.7 sales % of from 26512 are in running 1.1 %
December of 2016 and 26.3 % lower than the 19 sales last month .
35 behind last year ' s year-to-date sales of 268 .
December 2017 sales were at a mid level compared to December
30 of 2016 and 2015 . December YTD sales of 265 are running 1.1 %
30
25
20
behind last year ' s year-to-date sales of 268 .
25
15
20
10
15
5
10
0
5
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
J
F M A M J
Prices
15
The Median Sales Price in December was $ 274,000 , down
500
Prices
14.4 % from $ 320,000 in December of 2016 and down 21.7 %
The from Median $ 350,000 Sales last Price month in December . The Average was $ 274,000 Sales Price , down in
500
450
14.4
December % from $ was 320,000 $ 280,779 in December , down 21.8 of 2016 % from and $ down 359,272 21.7 in %
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
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
from
December $ 350,000 of 2016 last month and down . The 26.4 Average % from Sales $ 381,531 Price in last month .
450
December was 2017 $ 280,779 ASP was , down at the 21.8 lowest % from level $ 359,272 compared in to
400
December of of 2016 2016 and and down 2015 26.4 . % from $ 381,531 last month .
400
350
December 2017 ASP was at the lowest level compared to
December of 2016 and 2015 .
350
300
17
300 250
94
101 17 6
130
94 118 101
21 19 23 34 24 22
118
135
143
130
134
135
126
143
127
134
123
126
21
104 91
19 77
18 82
20
Number of Properties Sold
6 21 19 23 34 24 22 21 19 18 20 13 9
13
21 23 30 32 28 28 29 23 20 12 16 17 19 26 21 30 24 32 27 20 19 14
250
200
200
J
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
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
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
December Total Inventory was 48 , of down Properties 27.3 % available from 66 for last sale month as of and down
December
37.7 % from was 7748 in , down December 27.3 % of from last 66 year last . December month and 2017 down
160
37.7
Inventory % from 77 was in at December its lowest of level last year compared . December with 2017 December of
140
160
140
120
Total Inventory & Month ' s Supply of Inventory ( MSI )
18.0
16.0
18.0
16.0
14.0
Inventory
2016 and was 2015 at . its lowest level compared with December of
120
2016 and 2015 .
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 December for sellers 2017 while MSI of a 3.4 higher MSI is better for buyers . The December 2017 MSI of 3.4
40 months was at its lowest level compared with December of 2016 months was at its lowest level compared with December of 2016
20 and 2015 . and 2015 .
0
14.0
100
12.0
80
10.0
60
8.0
40
6.0
20
4.0
2.0
0
0.0
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
J
F M A 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
15
16
17
12.0
10.0
8.0
6.0
4.0
2.0
0.0
127
123
104
91 89 77 92
9
82 96
21 23 30 32 28 28
103
89
95
92
95
96
91
103
91
95
89
95
91
77 29 91
23 89
20 77
67 71 71
12 16
76 67 78 71
17 71
70 72
19 76
26
78
65 67
21
70 74
30
72 66
65 24 48
67 32
74 27
66
3 Mo Avg
20
48 19 14
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 .