MA ARCHIVED February 2016 | Page 55

Fairfax City

MARKET ACTION REPORT

County: Fairfax City

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 0, down 100.0% from 218 days
last month and up from 0 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

250

3 Mo Avg

200
150
100
50
0

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Selling Price per Square Foot

Selling Price per Square Foot

300
280
260
240
220
200
180
160
140
120
100

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 $0 was
down 100.0% from $195 last month and up from 0 in
February of last year.

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

227

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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 a re 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
0.0% was down from 100.0% last month and up from
0.0% in February of last year.

Avg Selling Price divided by Avg Listing Price for sold properties during the month

104%

3 Mo Avg

102%
100%

98.3%

98%
96%
94%
92%
90%
88%
86%

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Inventory / New Listings / Sales
Inventory

New Listings

Sales

35
25
17

19
16
17
16
16

5
6
5

0

10
10
8

5

14
15

10

9
11
8

15

18
15
17
17
18
17
13

20

20
21
19

28
30
32
30
33
34
28

30

13
14

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 3, down 57.1% from 7 last month
and up 50.0% from 2 in February of last year.

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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

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