MA ARCHIVED February 2018 | Page 56

Market Action Report
COUNTY
Agent Name
Market Action Report
February 2018
Title
Phone
Agent
Name
Website
Title
Other
Community
Information
County: Fairfax
Price Range: $1,000,000 and Up | Properties: SFH - Con
Phone
Website
Month
Other
Trending versus*:
LM L3M PYM
LY
YTD
$1,293,000
$1,646,765
$1,293,000
$1,646,765
-2%
6%
-2%
94
6%
33%
-4%
-2%
74%
.1%
1%
10%
1%
-18% 10%
97
-6%
23%
-3%
2%
39%
-1%
94 $274
-18% -1%
February
Days per
on Square
Market Foot
(Solds)
97 $271
-6%
February Average
Sold Price
7% 23%
Asking
Price
per Square
Foot of (based
on New Listings)
$274 10.9
-1% -2% -3%
February
Month's
Supply
Inventory
February
per
Foot Ratio
$271 94.3%
7%
February Sold
Sale Price
Price
vs Square
List Price
0% 2%
* LM=Last Month
/ L3M=Last Supply
3 Months of
/ PYM=Same
Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 13.7 67% 52%
February
Month's
Inventory
9% 74%
10.9
-2%
39%
February Sale Price vs List Price Ratio
95.1% 1.5% .9% .8% Number
.1%
0% Sold -1%
of 94.3%
Properties
40
Selling Price per Square Foot
Selling Price per Square Foot
3 Mo Avg
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 $261 was
down 6.3% from $278 last month and up 0.3% from 260 in
February of last year.
320
300
261
260
260
220
80 60 200
60 40 40 20 20 0
64
145
94
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Median
Sales Price and Average
Sales Price
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 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 95.1% was up from 93.7% last month and up from
94.3% in February of last year.
97%
96%
94.3%
93.9%
94%
93%
91%
90%
89%
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1,400
800 800
600 600
400 400
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 13.7 200 200
higher
is is
better
for for
buyers.
The The
February
2018
MSI MSI
of 13.7
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.
0
2016.
M A 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 O
N D
J N
F M
J A
S O
D A J M F J M J A A M S J O J N A D S J O F N D J F
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Copyright © | Coldwell
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
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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
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.
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
1,000
1,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
1,000
900
800
700
600
500
400
300
200
100
0
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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 200, up 73.9% from 115 last month and
down 0.5% from 201 in February of last year.
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
1,300
1,300
95.1%
95%
92%
1,500
1,200
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
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1,400
Inventory & MSI
The Total Inventory of Prop erties available for sale as of
273
280
240
The Median Sales Price in February was $1,302,500, down 0.6%
Prices
1,800
from
$1,310,000
in February
of 2017
and up 0.7%
from 0.6%
The
Median
Sales Price
in February
was $1,302,500,
down
$1,293,000
last in month.
The
Price
in February 1,800 1,700
from
$1,310,000
February
of Average
2017 and Sales
up 0.7%
from
was $1,440,116,
down The
13.4%
from $1,662,893
February of
$1,293,000
last month.
Average
Sales Price in in February
1,700
2017
and down down
19.4%
from from
$1,786,991
last in
month.
February
was
$1,440,116,
13.4%
$1,662,893
February
of
1,600
2018
ASP
was 19.4%
at the from
lowest
level compared
to February
2017
and
down
$1,786,991
last month.
February of 2017 1,600
1,500
and ASP
2016.
2018
was at the lowest level compared to February of 2017
The Total Inventory of Properties available for sale as of
February was 519, up 13.6% from 457 last month and down
February was 519, up 13.6% from 457 last month and down
20.3% from
from
651
February
of last
year.
February
20.3%
651
in in
February
of last
year.
February
2018 2018
Inventory
was
lowest
level
compared
February
Inventory
was
at at
its its
lowest
level
compared
with with
February
of of
2017 and
and
2016.
2017
2016.
3 Mo Avg
340
80
Prices
and 2016.
60
100
0
77
80
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120
February of 2017 and 2016. February YTD sales of 94 are
running 17.5% behind last year's year-to-date sales of 114.
105
0
3 Mo Avg
Number of Properties Sold
105
20
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property Sales
160
February Property sales were 38, down 26.9% from 52 in
140
February of
2017 and 32.1% lower than the 56 sales last month.
Property
Sales
160
February Property
2018 sales
their
lowest
level
compared
to
February
sales were
were at 38,
down
26.9%
from
52 in
120
140
February of of
2017
and
2016.
February
YTD
sales last
of 94
are
February
2017
and
32.1%
lower
than the
56 sales
month.
running 2018
17.5% sales
behind
year's
year-to-date
sales of to 114.
100
February
were last
at their
lowest
level compared
3 Mo Avg
100
Asking Price
per of
Square
Foot Sold
(based on New Listings)
February
Number
Properties
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 105, up 14.1% from
92 days last month and equal to 105 days in February of last
year. The February 2018 DOM was at a mid 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
2%
-4%
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
Total Properties
Currently
February
Median Sales
Price for Sale (Inventory)
Title
Phone
Website
Other
February
Price Listings
Average
List Average
Price of Sales
all Current
Agent Name
Average List Price of all Current Listings
FAIRFAX COUNTY
County: Fairfax
Price Range: $1,000,000 and Up | Properties: SFH - Con
$1,500,000 -2%
0%
$1,976,511 Trending
-4% versus*: 2%
Month
LM L3M PYM
LY
$1,302,500
$1,500,000
-2% 1% 1%
0% -1%
$1,440,116
$1,976,511
-4% -19% -8%
2% -13%
$1,302,500 519
1% 14%
1% -1% -20%
2%
38 -32%
$1,440,116 -19%
-8% -13% -27%
-4%
519 105
14% 14% 30%
-20% 0%
38 $270
-32% -4% -3%
-27% 2%
105 $261
14% -6%
30% -5%
0% 0%
33%
$270 13.7
-4% 67%
-3% 52%
2% 9%
-4%
$261 95.1%
-6% 1.5%
-5% .9%
0% .8%
-2%
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
Community Information
County: Fairfax
FAIRFAX
February 2018
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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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