MA ARCHIVED February 2018 | Page 72

Market Action Report
February 2018
Agent Name
County: Rappahannock
RAPPAHANNOCK
Title
Market Action Report
February 2018
Phone
Agent
Name
Community
Information
County: Rappahannock
Market Profile & Trends Overview
Listings
Average List Price of all Current Listings
Market Profile & Trends Overview
February
Price Listings
Median
List Median
Price of Sales
all Current
February
Price Listings
Average
List Average
Price of Sales
all Current
Total Properties
Currently
February
Median Sales
Price for Sale (Inventory)
February Average
Number
of Properties
Sold
February
Sales
Price
February
Average
Days on
(Solds)
Total
Properties
Currently
for Market
Sale (Inventory)
Asking Price
per of
Square
Foot Sold
(based on New Listings)
February
Number
Properties
February
Days per
on Square
Market Foot
(Solds)
February Average
Sold Price
Asking
Price
per Square
Foot of (based
on New Listings)
February
Month's
Supply
Inventory
February
per
Foot Ratio
February Sold
Sale Price
Price
vs Square
List Price
0.0%
February Sale Price vs List Price Ratio
Property Sales
YTD
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 0, down 100.0%
from 23 days last month and up from 0 days in February of last
year. The February 2018 DOM was at its lowest level compared
with February of 2017 and 2016.
3
February Property sales were 0, up from 0 in February of 2017
and 100.0%
lower than the 1 sales last month. February 2018
Property
Sales
3
sales were
at their sales
highest
February
of 2017
February
Property
were level
0, up compared
from 0 in to
February
of 2017
and
2016.
February
YTD
sales
of
1
are
running
ahead
of
last
and 100.0% lower than the 1 sales last month. February 2018
2
year's
year-to-date
sales level
of 0. compared to February of 2017
sales
were
at their highest
150
100
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
350
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 300
more normalized indicator on the direction of Property values.
The February 2018 Selling Price per Square Foot of $0 was down 250
100.0% from $213 last month and up from 0 in February of last
year.
200
3 Mo Avg
2
150
1
1
1
-1 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
15
16
17
18
Median Sales Price and Average Sales Price
The Median Sales Price in February was $0, up from $0 in
Prices
February
2017 Price
and in down
100.0%
$1,150,000
2,400
The
Median of Sales
February
was from
$0, up
from $0 in last
month. of
The
Average
Sales 100.0%
Price in
February
was $0,
February
2017
and down
from
$1,150,000
last up from 2,400
2,200
$0 in February
of 2017
down
100.0% was
from
$1,150,000
month.
The Average
Sales and
Price
in February
$0,
up from last
2,200
month.
February
2018
was
at the from
highest
level compared
to 2,000
$0
in February
of 2017
and ASP
down
100.0%
$1,150,000
last
February
of 2017 2018
and ASP
2016.
month.
February
was at the highest level compared to 2,000
1,800
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 0.0% was down from 92.0% last month and up from
0.0% in February of last year.
120%
100%
80%
60%
40%
20%
0%
1,800
1,600
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
1,600
1,400
5
0
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
10
15
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
Copyright ©
Banker Residential Brokerage | Price Range: $1,000,000 and Up | Property Types: SFH - Con
72
| Coldwell
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
20
10
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 0.0 5
higher
is is
better
for for
buyers.
The The
February
2018
MSI MSI
of 0.0
months
at at
its its
highest
level
compared
with with
February
of 2017
months was
was
highest
level
compared
February
of 2017
0
and
and 2016.
2016.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
Inventory & MSI
The Total Inventory of Properties available for sale as of
20
18
16
14
12
10
8
6
4
2
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
18
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
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 2, up from 0 last month and up 100.0%
from 1 in February of last year.
1,000
The Total Inventory of Properties available for sale as of
February was 16, down 5.9% from 17 last month and up 14.3% 20
February was 16, down 5.9% from 17 last month and up 14.3%
from 14 14 in in
February
year.
February
2018
Inventory
from
February
of of
last last
year.
February
2018
Inventory
was was
highest
level
compared
with
February
of 2017
2016. 15
at at its its highest
level
compared
with
February
of 2017
and and
2016.
Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
1,200
1,400
1,000
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
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
0
-1
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
1
0
100
2
1
February of 2017 and 2016.
200
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
18
2
1
Prices
3 Mo Avg
250
0
3 Mo Avg
Number of Properties Sold
and 2016. February YTD sales of 1 are running ahead of last
year's year-to-date sales of 0.
Title
Phone
Website
Other
50
17.0
0%
51%
-100.0%
0% Sold 1%
Number of 92.0%
Properties
-100.0% -100.0%
Agent Name
Days On Market for Sold Properties
Trending versus*:
Prior YTD Prior Year
* LM=Last Month
/ L3M=Last Supply
3 Months of
/ PYM=Same
Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date 0.0 -100% -100% 0% -100%
February
Month's
Inventory
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
RAPPAHANNOCK
County: Rappahannock
Price Range: $1,000,000 and Up | Properties: SFH - Con
$1,895,000 5%
7%
Trending versus*:
$2,425,375 Trending
4% versus*:
24%
Month
LM L3M PYM
LY
YTD
Prior YTD Prior Year
-100% $1,150,000
0%
-1%
$1,895,000 $0
5% -100% -100%
7%
-100% $1,150,000
0%
-9%
$2,425,375 $0
4% -100% -100%
24%
16 -6%
14% $1,150,000
$0 -100%
-100%
-100%
0%
-1%
0 -100%
1
0% -9%
$0 -100%
-100%
-100% $1,150,000
0%
0 -100% -100%
-100%
23
0%
-79%
16 -6%
14%
$0 0% -100% 0% -100%
0%
-100%
0 -100%
1 $0
0%
0 -100%
-100% -100% -100% -100%
23 $213
0%
$0 -100%
0% -79% -29%
$0 0.0
0% -100%
-100% -100%
0% -100%
$0 17.0
0%
0% -100%
0% -100% 51%
$0 0.0%
-100% -100.0%
-100% -100.0% -100% -100.0% $213 92.0%
0%
0% -29%
1%
Price
Range: $1,000,000
and Up | of
Properties:
SFH - Con
Median
List Price
all Current
February 2018
Community Information
Website
Title
Other
Phone
Trending versus*:
Website
Month
LM L3M PYM
LY
Other
Price Range: $1,000,000 and Up | Properties: SFH - Con
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.
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