MA ARCHIVED February 2016 | Page 54

Fairfax City

MARKET ACTION REPORT
MARKET
ACTION
County: Fairfax
City REPORT

County: Fairfax City

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*:
$1,125,000 0%
Median List Price of all Current Listings
-0%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prior Year
$1,203,044
Average List
Price of&
allTrends
Current Listings
1% L3M PYM
5%
$1,125,000
Median
List
Price
of
all
Current
Listings
0%
-0%
$0
$1,009,900
February Median Sales Price
-100% -100%
-100%
-18%
-16%
$1,203,044
Average
List
Price of
all Current
1% -100%
5% -100% $1,009,900
$0 -100%
February
Average
Sales
Price Listings
-18%
-15%
$0
February
Median Currently
Sales Price
-18%
-16%
19 -100%
Total Properties
for Sale (Inventory)
-10% -100% 217% -100% $1,009,900
$0
$1,009,900
February
Average
Sales
Price
-100%
-100%
-100%
-18%
-15%
0 -100%
1
February Number of Properties Sold
0%
19
Total
Properties
Currently
Sale (Inventory)
-10% -100% 217% -100%
0 -100%
218 5350%
February
Average
Days onfor
Market
(Solds)
282%
0 -100%
February
Number
of Properties
Sold on New Listings)
0%
$216
$2151
Asking Price
per Square
Foot (based
0%
-0%
3%
4%
-9%
4%
0 -100% -100%
218 5350%
February
Days
Market
(Solds)
282%
$0
$195
FebruaryAverage
Sold Price
peron
Square
Foot
-100%
-5%
$216
$215
Asking
Price
per Square
Foot
(based on New Listings)
0% -100%
-0%
3% -100%
4%
-9%
4%
0.0 -100%
21.0 320%
February
Month's
Supply
of Inventory
48%
$0 -100%
$195 6.0%
February
Square
-100%
-5%
0.0%
100.0%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
#### -100%
####
####
2.7%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |0.0
Arrows indicate if Month / YTD values are higher (up), lower (down) or21.0
unchanged (flat)
February
Month's Supply of Inventory
-100% -100%
-100%
320%
48%
of Properties
0.0% #### #### Number
100.0% Sold
February Sale Price vs List Price Ratio
####
6.0%
2.7%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / 5YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

1
1
4
4
3
2
3
1
1
1
1
1
1
2
3
4
3
3
1
1
1
1
1
0
4
2
2
1
3
0
1
3
0
0
1
0

2014. February YTD sales of 1 are running equal to
last year's year-to-date sales of 1.

4
Number of Properties Sold
3 Mo Avg
54
3
4
3
4
2
3
2
3
1
2
1
2
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
1 13
14
15
16
0

1
1
4
4
3
2
3
1
1
1
1
1
1
2
3
4
3
3
1
1
1
1
1
0
4
2
2
1
3
0
1
3
0
0
1
0

Property Sales

February Property sales were 0, up from 0 in
February ofSales
2015 and 100.0% lower than the 1 sales
Property
last month.
February
were
at their
February
Property
sales2016
weresales
0, up
from
0 in
lowest
level
compared
to
February
of
2015
and
February of 2015 and 100.0% lower than the
1 sales
2014.
February
YTD sales
1 are
running
equal to
last
month.
February
2016 of
sales
were
at their
last year's
of 1. of 2015 and
lowest
levelyear-to-date
compared tosales
Februa ry

Prices

The Median Sales Price in February was $0, up
from $0 in February of 2015 and down 100.0%
Prices
from $1,009,900 last month. The Average Sales
The Median Sales Price in February was $0, up
Price in February was $0, up from $0 in February
from $0 in February of 2015 and down 100.0%
of 2015 and down 100.0% from $1,009,900 last
from $1,009,900 last month. The Average Sales
month. February 2016 ASP was at a mid range
Price in February was $0, up from $0 in February
compared to February of 2015 and 2014.
of 2015 and down 100.0% from $1,009,900 last
month. February 2016 ASP was at a mid range
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 Jand
J AAverage
S O N D Sales
J F M A
M J J A S O N D J F
Sales
Price
Price
14
15
16
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)

(000's)
13

1,400
1,350
Median Sales Price and Average Sales Price
(000's)
3 Mo Avg
1,300
Median means Middle (the same # of properties sold above and below the Median)
1,400
1,250
1,350
1,200
1,300
1,150
1,250
1,100
1,200
1,050
1,150
1,000
1,100 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
1,050 13
14
15
16
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
Total Inventory
& Month's Supply
13
14
15 of Inventory (MSI) 16
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

20
21
19

17
28
28
30
30
32
32
30
30
33
33
34
34
28
28
20
21
19

5
6
5

10
10
8

17

19
16
17
16
16

19
16
17
16
16
10
10
8
5
6
5

14
15

9
11
8

14
15

9
11
8

18
15
17
17
18
17
13

18
15
17
17
18
17
13

13
14

13
14

40
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 19, down 9.5% from 21 last month and up
35
Inventory
&
MSI
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
216.7% from 6 in February of last year. February 2016
30
40
The
Total Inventory
Properties
sale as of
Inventory
was at itsof
highest
level available
comparedfor
with
25
February
19, down
9.5% from 21 last month and up
Februarywas
of 2015
and 2014.
35
216.7% from 6 in February of last year. February 2016
20
30
Inventory was at its highest level compared with
15
25
February
of 2015 and
2014.
A comparatively
lower
MSI is more beneficial for sellers
10
while a higher MSI is better for buyers. The February
20
2016 MSI of 0.0 months was at a mid level compared
155
Awith
comparatively
more beneficial for sellers
February oflower
2015MSI
and is
2014.
100
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
2016 MSI of 0.0 months was at a mid level compared
14
15
16
5 13
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

Data is provided
Metropolitan
54
| 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
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.

35
30

35
25
30
20
25
15
20
10
515
010

5
0