MA ARCHIVED February 2016 | Page 66

Prince William

MARKET ACTION REPORT
MARKET
ACTION
County: Prince
WilliamREPORT

County: Prince William

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*:

YTD

LY

Prior YTD

Prior Year

Trending versus*:
Trending versus*:
$1,300,000 0%
Median List Price of all Current Listings
8%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prio r Year
$2,098,676
Average List
Price of&
allTrends
Current Listings
0% L3M PYM
65%
$1,300,000
Median
List
Price
of
all
Current
Listings
0%
8%
$1,649,000
$1,649,000
February Median Sales Price
50%
46%
31%
46%
$2,098,676
Average
List
Price of
all Current
$1,649,000 0% 34% 65% 37% $1,649,000
February
Average
Sales
Price Listings
31%
37%
$1,649,000
February
Median Currently
Sales Price
31%
46%
25 0% 50% 25% 46% $1,649,000
Total Properties
for Sale (Inventory)
$1,649,000
$1,649,000
February
Average
Sales
Price
34%
37%
31%
37%
2
2
February Number of Properties Sold
0%
25
Total
Properties
Currently
Sale (Inventory)
204 0% 113% 25% 204%
204
February
Average
Days onfor
Market
(Solds)
18%
204%
2 -33% -20% -8% -15%
February
Number
of Properties
Sold on New Listings)
0%
$155
$1812
Asking Price
per Square
Foot (based
5%
-1%
204
204
February
Days
Market
(Solds)
113%
204%
18%
204%
$159
$159
FebruaryAverage
Sold Price
peron
Square
Foot
-10%
-6%
-5%
-6%
$155
$181
12.5 -33% -20%
12.5
Asking
Price
per Square
Foot
(based on New Listings)
5%
-1%
February
Month's
Supply
of Inventory
32% -8% -15%
1%
39%
1%
$159
$159 8.3%
98.9%
98.5%
February
Square
-10%
-6%
-5%
-6%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
4.6%
2.7%
2.3%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date12.5
| Arrows indicate if Month / YTD values are higher (up), lower (down) or12.5
unchanged (flat)
February
Month's Supply of Inventory
32%
1%
39%
1%
of Properties
98.9%
98.5% Sold
February Sale Price vs List Price Ratio
4.6% Number
2.7%
8.3%
2.3%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / 6YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

0

Prices

The Median Sales Price in February was
$1,649,000, up from $0 in February of 2015 and
Prices
up from $0 last month. The Average Sales Price in
The Median Sales Price in February was
February was $1,649,000, up from $0 in February
$1,649,000, up from $0 in February of 2015 and
of 2015 and up from $0 last month. February 2016
up from $0 last month. The Average Sales Price in
ASP was at the highest level compared to February
February was $1,649,000, up from $0 in February
of 2015 and 2014.
of 2015 and up from $0 last month. February 2016
ASP was at the highest level compared to February
of 2015 and 2014.

Number of Properties Sold

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 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

1,700
1,600

Median Sales Price and Average Sales Price

1,500
1,700

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

(000's)

3 Mo Avg

1,400
1,600
1,300
1,500
1,200
1,400
1,100
1,300
1,000
1,200

1,100
1,000

Inventory & MSI

3 Mo Avg

0
1
2
0
0
3
0
2
0
1
0
0
0
1
5
4
0
1
2
2
1
3
2
0
1
3
3
3
0
0
1
5
2
4
0
2

5
6
4
5
3
4
2
3
1
2
0
1

0
1
2
0
0
3
0
2
0
1
0
0
0
1
5
4
0
1
2
2
1
3
2
0
1
3
3
3
0
0
1
5
2
4
0
2

Property Sales

February Property sales were 2, up from 0 in
February ofSales
2015 and higher than the 0 sales last
Property
month. February
their0highest
February
Property 2016
sales sales
were were
2, up atfrom
in
level
compared
to
February
of
2015
and
2014.last
February of 2015 and higher than the 0 sales
February
YTD sales
of 2sales
are running
equal
to last
month.
February
2016
were at their
highest
year's year-to-date sales of 2.
level compared to February of 2015 and 2014.
February YTD sales of 2 are running equal to last
year's year-to-date sales of 2.

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 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
of Inventory (MSI) 16
13
14
15
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

30

25
26
25
25

27

25
26
25
25

30

27

29

33
31
30

33
31
30

29

26

19
18
20
21

19
18
20
21

26

29

29

23

23

33
33
32
32

23

27

19

14
15

19

23

14
15

19
19
20
20
18
17

24

19
19
20
20
18
17

15
17

20

15
17

20

24

27

33
33
32
32

35
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 25, equal to 25 last month and up 25.0%
30
Inventory
& MSI
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
from 20 in February
of last year. February 2016
35
The
Total Inventory
Properties
sale as of
25
Inventory
was at itsof
highest
level available
comparedfor
with
February
25, equal
to 25 last month and up 25.0%
Februarywas
of 2015
and 2014.
30
20
from 20 in February of last year. February 2016
25
15
Inventory was at its highest level compared with
February
of 2015 and
2014.
A comparatively
lower
MSI is more beneficial for sellers
20
10
while a higher MSI is better for buyers. The February
15
5
2016 MSI of 12.5 months was at its highest level
Acompared
comparatively
lower MSI
more
beneficial
with February
ofis2015
and
2014. for sellers
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
5 13
2016 MSI of 12.5 months was at its highest level
14
15
16
compared
February
2015Range:
and 2014.
Copyright ©with
Coldwell
Banker of
| Price
$1,000,000 and Up | Property
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
66
| 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