MA ARCHIVED February 2016

Prince William MARKET ACTION REPORT County: Prince William 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 204, up from 0 days last month and up from 0 days in February of last year. The February 2016 DOM was at its lowest level compared with February of 2015 and 2014. 3 Mo Avg Average Days on Market (Listing to Contract) for properties sold during the month 350 300 250 204 200 150 100 50 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 500 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 $159 was up from $0 last month and up from 0 in February of last year. 3 Mo Avg Average Selling Price per Square Foot for properties that sold during the month 450 400 350 300 250 200 159 150 100 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 98.9% was up from 0.0% last month and up from 0.0% in February of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 98.9% 100% 80% 60% 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 Inventory / New Listings / Sales 30 25 26 25 25 27 29 19 18 20 21 23 26 29 33 33 32 32 19 Sales 14 15 10 19 19 20 20 18 17 20 23 24 27 25 15 New Listings 33 31 30 Inventory 30 20 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, up 50.0% from 2 last month and down 25.0% from 4 in February of last year. 35 15 17 Inventory / New Listings / Sales 5 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 | 67

MA ARCHIVED February 2016 | Page 67