MA ARCHIVED February 2016

MARKET ACTION REPORT County: Alexandria City Alexandria February 2016 Agent Name Title Phone Website Other Community Information Price Range: $1,000,000 and Up | Properties: SFH - Condo 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 80, up 48.1% from 54 days last month and down 17.5% from 97 days in February of last year. The February 2016 DOM was at its lowest level compared with February of 2015 and 2014. Average Days on Market (Listing to Contract) for properties sold during the month 250 3 Mo Avg 192 200 150 97 100 80 50 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 -50 13 14 15 16 Selling Price per Square Foot Selling Price per Square Foot Average Selling Price per Square Foot for properties that sold during the month 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 2016 Selling Price per Square Foot of $400 was up 34.3% from $297 last month and down 16.4% from 478 in February of last year. 3 Mo Avg 700 600 478 500 400 360 400 300 200 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 13 14 15 16 Selling Price versus Listing Price Ratio Selling Price vs Original Listing 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 2016 Selling Price vs Original List Price of 101.0% was up from 96.4% last month and up from 98.1% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 102% 100% 101.0% 98.1% 97.2% 98% 3 Mo Avg 96% 94% 92% 90% 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 Inventory / New Listings / Sales Inventory New Listings Sales 20 35 30 30 34 33 39 44 43 44 47 48 44 44 42 39 53 55 54 49 58 58 52 37 35 41 45 48 30 46 43 40 41 42 39 50 55 60 48 51 50 Inventory / New Listings / Sales 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 2016 was 10, down 16.7% from 12 last month and down 9.1% from 11 in February of last year. 70 10 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 13 14 15 16 Copyright © Coldwell Banker | Price Range: $1,000,000 and Up | Property Types: SFH - Condo Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors MLS and Sussex County of Realtors MLS and may not reflect all relevant real estate activity. Coldwell Banker 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. c o l dw el l b a n k er h o m es.c o m | 47

MA ARCHIVED February 2016 | Page 47