MA ARCHIVED February 2018 | Page 44

Market Action Report
February 2018
SUSSEX
County: Sussex
VIRGINIA
Agent Name
Title
Phone
Website
Other
Community Information
Price Range: $1,000,000 and Up | Properties: SFH - Con
Days On Market for Sold Properties
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 February was 104, down 27.3%
from 143 days last month and down 35.8% from 162 days in
February of last year. The February 2018 DOM was at its lowest
level compared with February of 2017 and 2016.
3 Mo Avg
400
350
300
250
200
162
141
150
104
100
50
0
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Selling Price per Square Foot
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 February 2018 Selling Price per Square Foot of $430 was
down 13.0% from $495 last month and down 41.1% from 731 in
February of last year.
3 Mo Avg
786
800
750
700
650
600
550
500
450
400
350
300
731
430
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Selling Price versus Listing Price Ratio
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
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 94.0% was down from 97.1% last month and up
from 89.1% in February of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
140%
Alexandria
Arlington
Clarke
Culpeper
Fairfax City
Fairfax County
Falls Church
Fauquier
Fredericksburg
Loudoun
Manassas
Manassas Park
Prince William
Rappahannock
Spotsylvania
Stafford
120%
100%
94.0%
89.1%
82.7%
80%
60%
40%
20%
0%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
250
100
150
200
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 February 2018 was 25, up 47.1% from 17 last month and up
8.7% from 23 in February of last year.
50
0
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Copyright © Coldwell Banker Residential Brokerage | Price Range: $1,000,000 and Up | 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.
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