MA ARCHIVED February 2016

MARKET ACTION REPORT County: Loudoun Loudoun 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 128, up 146.2% from 52 days last month and down 75.2% from 516 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 600 3 Mo Avg 516 500 400 300 200 128 54 100 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 $176 was down 19.3% from $219 last month and up 5.7% from 167 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 350 3 Mo Avg 300 250 185 200 176 167 150 100 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 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 105.4% was up from 93.5% last month and up from 88.8% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 110% 3 Mo Avg 105.4% 105% 100% 94.3% 95% 88.8% 90% 85% 80% 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 New Listings Sales 159 158 153 135 138 131 114 101 97 101 117 143 160 172 165 170 173 164 142 125 117 128 140 163 167 177 181 179 176 168 135 123 124 130 Inventory 131 137 200 Inventory / New Listings / Sales 180 This last view of the market combines monthly inventory of Properties for sale along with New Listings 160 140 and Sales. The graph shows the basic annual 120 seasonality of the market as well as the relationship 100 between these items. The number of New Listings in 80 February 2016 was 24, up 50.0% from 16 last month 60 and down 22.6% from 31 in February of last year. 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 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 | 65

MA ARCHIVED February 2016 | Page 65