MA ARCHIVED February 2016 | Page 46

MARKET ACTION REPORT
MARKET
ACTION
County: Alexandria
CityREPORT

County: Alexandria City

Alexandria

February 2016
February 2016

Agent Name

Title
Agent
Phone Name
Title
Website
Other
Phone
Website
Trending versus*:
Other

Community Information

Price Range: $1,000,000 and Up | Properties: SFH - Condo

Price Range: $1,000,000 and Up | Properties: SFH - Condo

Market Profile & Trends Overview

Month

LM

L3M PYM

Trending versus*:
LY

YTD

Prior YTD

Prior Year

Trending versus*:
Trending versus*:
$1,450,000 6%
Median List Price of all Current Listings
-3%
Prior
YTD Prior Year
LM
L3M
PYM
LY
Market
Profile
&
Trends
Overview
Month
YTD
$1,629,947
Average L ist Price of all Current Listings
2%
-12%
$1,450,000
Median
List
Price
of
all
Current
Listings
6%
-3%
$1,354,000
$1,348,000
February Median Sales Price
19% 14% 14% 13%
12%
13%
$1,629,947
Average
List
Price of
all Current
2% 18% -12%
$1,598,964 23%
February
Average
Sales
Price Listings
22% 17% $1,482,016
4%
8%
$1,354,000
35 19%
February
Median Currently
Sales Price
12%
13%
Total Properties
for Sale (Inventory)
17% 14% 14%
6% 13% $1,348,000
$1,598,9648 23%
13
February
Price
22% 17% $1,482,016
4%
8%
FebruaryAverage
NumberSales
of Properties
Sold
60% 18% -11%
-7%
35
80 17%
70
Total
Properties
Currently
Sale (Inventory)
6% 40%
February
Average
Days onfor
Market
(Solds)
48% 21% -18%
-19%
23%
8 60%
13 -31%
$328
$324
February
Number
of Properties
Sold on New Listings)
-7%
Asking Price
per Square
Foot (based
2%
-6% -11%
-19% -15%
-16%
80 48%
70 -28%
$400
$357
February
Days
Market
(Solds)
-19%
23%
FebruaryAverage
Sold Price
peron
Square
Foot
34% 21%
11% -18%
-16% 40%
8%
-3%
$328
$324
4.4 -27%
5.2
Asking
Price
per Square
Foot
(based on New Listings)
2% -15%
-6% -19%
-15%
-31%
-16%
February
Month's
Supply
of Inventory
19% -20%
-1%
-5%
$400 4.8%
$357
101.0%
99.7%
February
Square
34% 2.7%
11% -16%
8%
-28%
-3%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
3.0% 4.1%
.7%
2.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
4.4 -27% -15% 19% -20%
5.2
February Month's Supply of Inventory
-1%
-5%
of Properties
101.0% 4.8% 2.7% Number
99.7% Sold.7%
February Sale Price vs List Price Ratio
3.0% 4.1%
2.8%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 18
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

16
Number of Properties Sold
3 Mo Avg
14
18
12
16
10
14
8
12
6
10
4
8
2
6
0
4 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
2 13
14
15
16
0

2
9
12
8
11
6
5
3
7
5
1
5
4
11
6
10
7
9
4
7
6
8
5
9
9
7
9
16
7
10
6
6
7
6
5
8

2
9
12
8
11
6
5
3
7
5
1
5
4
11
6
10
7
9
4
7
6
8
5
9
9
7
9
16
7
10
6
6
7
6
5
8

Property Sales

February Property sales were 8, down 11.1% from 9
in FebruarySales
of 2015 and 60.0% higher than the 5
Property
sales last month. February 2016 sales were at a mid
February Property sales were 8, down 11.1% from 9
level compared to February of 2015 and 2014.
in February of 2015 and 60.0% higher than the 5
February YTD sales of 13 are running 7.1% behind
sales last month. February 2016 sales were at a mid
last year's year-to-date sales of 14.
level compared to February of 2015 and 2014.
February YTD sales of 13 are running 7.1% behind
last year's year-to-date sales of 14.

Prices

The Median Sales Price in February was
$1,354,000, up 13.8% from $1,189,856 in February
Prices
of 2015 and up 19.3% from $1,135,000 last month.
The
TheMedian
AverageSales
SalesPrice
PriceininFebruary
Februarywas
was
$1,354,000,
$1,598,964,up
up13.8%
21.6% from
from $1,189,856
$1,314,590 in
in February
February
ofof2015
and
up
19.3%
from
$1,135,000
2015 and up 23.5% from $1,294,900last
lastmonth.
month.
The
Average
Sales
Price
was
February
2016
ASP
wasin
at February
the highest
level
$1,598,964,
21.6% from
$1,314,590
in February
compared toupFebruary
of 2015
and 2014.
of 2015 and up 23.5% from $1,294,900 last month.
February 2016 ASP was at the highest level
compared to February of 2015 and 2014.

Inventory & MSI

M A M J J Median
A S O N D
J F M
A M and
J J AAverage
S O N D Sales
J F M Price
A M J J A S O N D J F
Sales
Price
14
15
16
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)

(000's)
13

2,200

2,000
(000's)

2,200
1,800

Median Sales Price and Average Sales Price
Median means Middle (the same # of properties sold above and below the Median)

3 Mo Avg

2,000
1,600
1,800
1,400
1,600
1,200
1,400
1,000
1,200
1,000

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
13
14
15
16

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
Total Inventory
& Month's Supply
of Inventory (MSI) 16
13
14
15
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

37
37
35
35
41
41
45
45
48
48
53
53
55
55
54
54
49
49
58
58
58
58
52
52
39
39
34
34
33
33
44
44
43
43
44
44
47
47
48
48
44
44
44
44
42
42
39
39
30
30
30
30
35
35

46
43

46
43

41
42
39
55

41
42
39

48
51
50

48
51
50

55

70
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 35, up 16.7% from 30 last month and up
60
Inventory
MSI of last year. February 2016
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
6.1% from 33 &
in February
50
70
The
Total Inventory
of Properties
available
sale as of
Inventory
was at a mid
level compared
withfor
February
of
February
35, up 16.7% from 30 last month and up
2015 andwas
2014.
40
60
6.1% from 33 in February of last year. February 2016
30
50
Inventory was at a mid level compared with February of
A comparatively
2015
and 2014. lower MSI is more beneficial for sellers
20
40
while a higher MSI is better for buyers. The February
10
30
2016 MSI of 4.4 months was at a mid level compared
February oflower
2015MSI
and is
2014.
Awith
comparatively
more beneficial for sellers
200
while a higher MSI is better for buyers. The February
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
10 13
14
15
16
2016 MSI of 4.4 months was at a mid level compared
with
February
of 2015
and| Price
2014.Range: $1,000,000 and Up | Property
Copyright
© Coldwell
Banker
0 Types: SFH - Condo

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association
andNSussex
not N
reflect
M A M ofJRealtors
J A MLS
S O
D JCounty
F Mof Realtors
A M JMLS
J and
A may
S O
D allJrelevant
F M real
A estate
M J activity.
J A Coldwell
S O NBanker
D J F
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or13
seller to verify any and all information 14
relevant to such consumer’s real estate transaction.
15
16

Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo

46
| ccourtesy
o l dofw
e l l bRegional
a n kInformation
e r h oServices
m e sIncorporated,
. c o mThe Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker
Data is provided
Metropolitan
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.

40
35
30
40
25
35
20
30
15
25
10
20
5
15
0
10

5
0