MA ARCHIVED February 2016

Arlington MARKET ACTION REPORT February 2016 Agent Name County: Arlington 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 106, up 32.5% from 80 days last month and down 3.6% from 110 days in February of last year. The February 2016 DOM was at a mid level compared with February of 2015 and 2014. Average Days on Market (Listing to Contract) for properties sold during the month 110 120 3 Mo Avg 106 100 80 67 60 40 20 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 Selling Price per Square Foot Selling Price per Square Foot 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 $418 was up 13.1% from $369 last month and up 1.9% from 410 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 500 450 382 400 3 Mo Avg 418 410 350 300 250 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 96.4% was down from 97.5% last month and equal to 96.4% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 101% 3 Mo Avg 100% 98.4% 99% 98% 96.4% 97% 96.4% 96% 95% 94% 93% 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 160 New Listings Sales 117 118 104 96 108 122 108 87 86 93 105 120 136 139 133 126 135 142 129 106 112 106 105 136 147 142 140 137 148 152 128 94 100 112 94 140 This last view of the market combines monthly inventory of Properties for sale along with New Listings 120 and Sales. The graph shows the basic annual 100 seasonality of the market as well as the relationship 80 between these items. The number of New Listings in 60 February 2016 was 50, up 56.3% from 32 last month and up 42.9% from 35 in February of last year. 40 Inventory 80 Inventory / New Listings / Sales 20 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 | 49

MA ARCHIVED February 2016 | Page 49