MA ARCHIVED February 2018 | Page 48

Market Action Report
February 2018
County: Arlington
ARLINGTON
Agent Name
Market Action Report
February 2018
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Arlington
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
LM L3M PYM
LY
9%
16%
12%
30%
.2%
* LM=Last Month
/ L3M=Last Supply
3 Months of
/ PYM=Same
Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 6.0 10%
February
Month's
Inventory
February Sale Price vs List Price Ratio
0
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
15
16
17
18
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
50
40
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 $402 was up
2.8% from $391 last month and up 15.5% from 348 in February
of last year.
440
380
360
30 20 300
20 10
42
35
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
15
16
17
18
The Median Sales Price in February was $1,303,500, down
Prices
1,700
11.9%
from Sales
$1,480,000
in February
2017 and down
The
Median
Price in February
was of
$1,303,500,
down 0.7%
1,700
from from
$1,312,500
last month.
The of
Average
Sales
Price
in
11.9%
$1,480,000
in February
2017 and
down
0.7%
1,600
February
was $1,418,733,
2.1% from
$1,448,756
from
$1,312,500
last month. down
The Average
Sales
Price in in
1,600
February
of
2017
and
down
4.1%
from
$1,478,944
last
month.
February was $1,418,733, down 2.1% from $1,448,756 in
1,500
February of 2018
was at 4.1%
the from
lowest
level compared
to
February
2017 ASP
and down
$1,478,944
last month.
1,500
1,400
February 2018
of 2017
February
ASP and
was 2016.
at the lowest level compared to
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount th at 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 97.0% was up from 96.1% last month and up from
95.2% in February of last year.
100%
98%
96%
90%
88%
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
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16
17
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1,300
8.0
50
0
4.0 4.0
2.0 2.0
0.0 0.0
Copyright © | Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
48
coldwellbankerluxury.com
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.
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.
8.0
6.0
M A M
M A J M
J A J S J O A N S D O J N F D M J A F M M J A J M A J S J O A N S D O J N
F M
J J A A M S J O J N A D S J O F N D J F
D A J M F M
15 15
16
17
18
16
17
18
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
10.0
6.0
10.0
Total Inventory & Month's Supply of Inventory (MSI)
200
180
160
140
120
100
80
60
40
20
0
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of
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 55, up 7.8% from 51 last month and down
19.1% from 68 in February of last year.
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
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M A 15
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 J F
15
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,100
1,200
1,200
100 100
95.2%
94.7%
94%
1,300
The Total Inventory of Properties available for sale as of
February was 127, up 5.0% from 121 last month and down 8.6% 200
February was 127, up 5.0% from 121 last month and down 8.6% 200
from 139
139
February
year.
February
2018
Inventory
from
in in
February
of of
last last
year.
February
2018
Inventory
was was
mid level
level
compared
with
February
of 2017
2016.
at at a a mid
compared
with
February
of 2017
and and
2016.
150 150
97.0%
92%
1,400
1,100
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
0
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
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16
17
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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
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Median
Sales Price and Average
Sales Price
comparatively
lower
MSI
is more
beneficial
for sellers
a
A A comparatively
lower
MSI
is more
beneficial
for sellers
while while
a
higher MSI
MSI
better
buyers.
February
2018
of 6.0 50
higher
is is
better
for for
buyers.
The The
February
2018
MSI MSI
of 6.0
months
at at
a mid
level
compared
with
February
of 2017
and and
months was
was
a mid
level
compared
with
February
of 2017
0
2016.
2016.
348
340
320
Prices
402
400
30
0
3 Mo Avg
418
420
40
10
February of 2017 and 2016.
40
20
3 Mo Avg
Number of Properties Sold
of 2017 and 2016. February YTD sales of 43 are running 8.5%
behind last year's year-to-date sales of 47.
60
61
60
February Property sales were 21, down 22.2% from 27 in
February of
2017 and 4.5% lower than the 22 sales last month.
Property
Sales
60
February Property
2018 sales
a mid
compared
February
sales were
were at 21,
down level
22.2%
from 27 to
in February
of
2017
and
2016.
February
YTD
sales
of
43
are
running
8.5%
February of 2017 and 4.5% lower than the 22 sales last month.
50
behind last
year's
47.
February
2018
sales year-to-date
were at a mid sales
level of
compared
to February
7%
8%
10%
24%
-0%
4% 17% 30%
5.8
-0%
24%
97.0% .9% 1.5% 1.9% Number
.2%
1% Sold -0%
of 96.5%
Properties
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property Sales
-2%
-9% 2%
60 -33%
6%
43 $416
-9%
60 $397
-33% 14% 7%
$416
6%
5.8
-0% 8%
$397 96.5%
14% 1% 10%
80
February
per
Foot Ratio
February Sold
Sale Price
Price
vs Square
List Price
-5%
43
2%
-2%
2%
Asking
Price
per Square
Foot of (based
on New Listings)
February
Month's
Supply
Inventory
$1,303,500
$1,449,539
-5%
2%
100
February
Days per
on Square
Market Foot
(Solds)
February Average
Sold Price
$1,303,500
$1,449,539
3 Mo Avg
109
106
Asking Price
per of
Square
Foot Sold
(based on New Listings)
February
Number
Properties
-2%
0%
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 61, up 5.2% from 58
days last month and down 44.0% from 109 days in February of
last year. The February 2018 DOM was at its lowest level
compared with February of 2017 and 2016.
120
February
Average
Days on
(Solds)
Total
Properties
Currently
for Market
Sale (Inventory)
Trending versus*:
Prior YTD Prior Year
Market Time
February Average
Number
of Properties
Sold
February
Sales
Price
YTD
YTD
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
Total Properties
Currently
February
Median Sales
Price for Sale (Inventory)
Ti tle
Phone
Website
Other
February
Price Listings
Average
List Average
Price of Sales
all Current
Agent Name
Average List Price of all Current Listings
ARLINGTON
County: Arlington
Community Information
$1,550,000 -3%
-2%
$1,663,465 Trending
-3% versus*:
-3%
Month
LM L3M PYM
LY
$1,303,500
$1,550,000
-3% -1% 0%
-2% -12%
$1,418,733
$1,663,465
-3% -4% -3%
-3% -2%
$1,303,500 127
-1% 5%
0% -12% -9%
-2%
21 -5%
$1,418,733 -4%
-3% -2% -22%
0%
61 5% -2%
127 5%
-9% -44%
21 $446
-5% 15% 12%
-22% 16%
61 $402
5% 3%
-2% -44%
9%
7% 15%
$446 15%
12% 4%
16% 17%
16%
6.0 10%
$402 97.0%
3% .9%
7% 1.5%
15% 1.9%
12%
Market Profile & Trends Overview
February
Price Listings
Median
List Median
Price of Sales
all Current
February 2018
Market Profile & Trends Overview
Listings
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con
Median
List Price
all Current
Market Action Report
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
15
16
17
18
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.
Coldwell Banker Global Luxury ® | 49