MA ARCHIVED February 2016 | Page 56

Fairfax
County
County: Fairfax
MARKET
ACTION REPORT
MARKET ACTION REPORT

County: Fairfax

February 2016

Agent Name

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

February 2016

Community Information

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

Price
Range: $1,000,000
and&
Up Trends
| Properties: SFH
- Condo
Market
Profile
Overview

Month

LM

L3M PYM

Trending versus*:
LY

YTD

Prior YTD

Prior Year

Trending versus*:
Trending versus*:
$1,500,000 -5%
-3%
LM L3M PYM
LY
$2,033,811
Market
Profile
Overview
Month -4%
YTD Prior YTD Prior Year
Average List
Price of&
allTrends
Current Listings
-3%
$1,500,000
$1,305,250 -5%
Median
List
Price of
all Current
February
Median
Sales
Price Listings
2%
-2% -3%
9%
1% $1,292,000
0%
-0%
$1,561,572 12%
$2,033,811
February
Average
Sales
Price Listings
3% 18%
7% $1,489,321
2%
2%
Average
List
Price of
all Current
-4%
-3%
655
$1,305,250
$1,292,000
Total Properties
for Sale (Inventory)
12%
February
Median Currently
Sales Price
2%
-2% 17%
9%
1%
0%
-0%
46 12%
82
$1,561,572
FebruaryAverage
NumberSales
of Properties
Sold
28%
2%
-10%
February
Price
3% 18%
7% $1,489,321
2%
2%
71 -27%
82
655
February
Average
Days onfor
Market
(Solds)
-24%
4%
Total
Properties
Currently
Sale (Inventory)
12% -21% -35%
17% -10%
$274
$277
46 28%
82
Asking Price
per Square
Foot (based
-2%
-4%
7%
-1%
4%
0%
February
Number
of Properties
Sold on New Listings)
2%
-10%
$273
$261
71 -27%
82
FebruaryAverage
Sold Price
peron
Square
Foot
12% -21%
1% -35%
2% -10%
6%
-6%
1%
February
Days
Market
(Solds)
-24%
4%
14.2 -12%
15.2
$274
$277
February
Month's
Supply
of Inventory
28%
42%
Asking
Price
per Square
Foot
(based on New Listings)
-2% 11%
-4% 15%
7% 33%
-1%
4%
0%
96.3%
95.5%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
.6%
.6%
.6%
.3%
.3%
-.5%
$273 12%
$261
February
Square
1%
2%
6%
-6%
1%
* 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)
14.2 -12% 11% 15% 33%
15.2
February Month's Supply of Inventory
28%
42%
of Properties
96.3% .6% .6% Number
95.5% Sold.3%
February Sale Price vs List Price Ratio
.6%
.3%
-.5%3 Mo Avg
Median List Price of all Current Listings

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 140
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

120

60
100
40
80

Inventory & MSI

61
82
111
117
105
82
78
58
48
71
32
43
46
76
93
108
92
93
54
51
52
76
46
45
60
69
106
120
116
81
62
69
47
73
36
46

20
60

400
0

The Median Sales Price in February was
$1,305,250, up 8.6% from $1,201,740 in February
Prices
of 2015 and up 1.6% from $1,285,000 last month.
The
TheMedian
AverageSales
SalesPrice
PriceininFebruary
Februarywas
was $1,561,572,
$1,305,250,
up 8.6%
from $1,201,740
inof
February
up 18.0% from
$1,322,850
in February
2015 and
ofup2015
and
up
1.6%
from
$1,285,000
last
month.
11.8% from $1,397,000 last month. February
The
Average
Sales
Price
in February
was $1,561,572,
2016
ASP was
at the
highest
level compared
to
up
18.0% from
$1,322,850
February
of 2015
and 2014.in February of 2015 and
up 11.8% from $1,397,000 last month. February
2016 ASP was at the highest level compared to
February of 2015 and 2014.

3 Mo Avg

80
120

20

Prices

Number of Properties Sold

140
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
13
14
15
16

61
82
111
117
105
82
78
58
48
71
32
43
46
76
93
108
92
93
54
51
52
76
46
45
60
69
106
120
116
81
62
69
47
73
36
46

Property Sales

February Property sales were 46, up 2.2% from 45
in February of 2015 and 27.8% higher than the 36
Property
Sales
sales last month. February 2016 sales were at their
February Property sales were 46, up 2.2% from 45
highest level compared to February of 2015 and
in February of 2015 and 27.8% higher than the 36
2014. February YTD sales of 82 are running 9.9%
sales last month. February 2016 sales were at their
behind last year's year-to-date sales of 91.
highest level compared to February of 2015 and
2014. February YTD sales of 82 are running 9.9%
behind last year's year-to-date sales of 91.

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

(000's)
13

1,900
1,800

Median Sales Price and Average Sales Price

1,700
1,900
1,600
1,800

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

(000's)

3 Mo Avg

1,500
1,700
1,400
1,600
1,300
1,500
1,200
1,400

1,300
1,200

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

M A M J Total
J A S O
N D J F M&
A M
J J A S Supply
O N D J of
F MInventory
A M J J A S(MSI)
O N D J F
Inventory
Month's
13
14
15
16
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

498
498
572
572
654
654
632
632
615
615
590
590
625
625
580
580
490
490
407
407
411
411
461
461
554
554
685
685
743
743
748
748
728
728
715
715
750
750
713
713
612
612
525
525
520
520
558
558
647
647
784
784
885
885
893
893
894
894
872
872
881
881
830
830
686
686
583
583
583
583
655
655

1,000
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 655, up 12.3% from 583 last month and up
900
Inventory
& inMSI
17.4% from 558
February of last year. February 2016
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
800
Inventory
was at itsof
highest
level available
comparedfor
with
1,000
700
The
Total Inventory
Properties
sale as of
Februarywas
of 2015
2014. from 583 last month and up
February
655, and
up 12.3%
900
600
17.4% from 558 in February of last year. February 2016
500
800
Inventory was at its highest level compared with
400
700
A comparatively
lower
MSI is more beneficial for sellers
February
of 2015 and
2014.
300
600
while a higher MSI is better for buyers. The February
200
500
2016 MSI of 14.2 months was at its highest level
100
400
with February
ofis2015
and
2014. for sellers
Acompared
comparatively
lower MSI
more
beneficial
3000
while a higher MSI is better for buyers. The February
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
2016 MSI of 14.2 months was at its highest level
100
Copyright ©with
Coldwell
Banker of
| Price
$1,000,000 and Up | Property Types:
SFH
Condo
compared
February
2015Range:
and 2014.
0

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
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
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.

13

14

15

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

16

56
| 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.

18
16
14
18
12
16
10
814
612
410
28
06
4
2
0