MA ARCHIVED February 2016 | Page 68

Rappahannock MARKET ACTION REPORT MARKET ACTION REPORT County: Rappahannock County: Rappahannock 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*: LY YTD Prior YTD Prior Year Trending versus*: Trending versus*: $1,999,000 0% Median List Price of all Current Listings -5% LY Market Profile Overview Month LM YTD Prior YTD Prior Year $2,527,182 Average List Price of& allTrends Current Listings 7% L3M PYM 4% $1,999,000 Median List Price of all Current Listings 0% -5% $0 $2,100,000 February Median Sales Price -100% -100% 53% 56% $2,527,182 Average List Price of all Current $0 7% -100% 4% -100% $0 February Average Sales Price Listings -100% $0 February Median Currently Sales Price 53% 56% 11 0% -100% -15% -100% $2,100,000 Total Properties for Sale (Inventory) $0 $0 February Average Sales Price -100% -100% -100% 0 0 February Number of Properties Sold 110 0% Total Properties Currently Sale (Inventory) -15% 0 February Average Days onfor Market (Solds) 0 February Number of Properties Sold on New Listings) $273 $2730 Asking Price per Square Foot (based 0% 70% 0% 70% 0% 0 Februar y Days Market (Solds) $0 $00 FebruaryAverage Sold Price peron Square Foot -100% -100% $273 $273 0.0 0.0 Asking Price per Square Foot (based on New Listings) 0% 70% -100% 0% 70% 0% February Month's Supply of Inventory -100% $0 $0 0.0% 0.0% February Square -100% -100% FebruarySold SalePrice Priceper vs List PriceFoot Ratio #### #### -100.0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |0.0 Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged 0.0 (flat) February Month's Supply of Inventory -100% -100% of Properties 0.0% 0.0% Sold February Sale Price vs List Price Ratio #### Number #### -100.0% 3 Mo Avg * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / 3YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat) Property Sales The Median Sales Price in February was $0, up from $0 in February of 2015 and up from $0 last Prices month. The Average Sales Price in February was The Median Sales Price in February was $0, up $0, up from $0 in February of 2015 and up from from $0 in February of 2015 and up from $0 last $0 last month. February 2016 ASP was at the month. The Average Sales Price in February was highest level compared to February of 2015 and $0, up from $0 in February of 2015 and up from 2014. $0 last month. February 2016 ASP was at the highest level compared to February of 2015 and 2014. Inventory & MSI 3 Mo Avg 2 2 1 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 2 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 2 0 Prices Number of Properties Sold 2 3 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 0 0 0 1 1 1 0 0 0 0 0 0 0 2 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 February Property sales were 0, 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 0, upatfrom in level compared to February of 2015 and 2014.last February of 2015 and higher than the 0 sales February YTD sales of 0 are were running ahead of last month. February 2016 sales at their highest year's year-to-date sales of 0. level compared to February of 2015 and 2014. February YTD sales of 0 are running ahead of last year's year-to-date sales of 0. 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 5,600 Median Sales Price and Average Sales Price 5,100 (000's) 3 Mo Avg Median means Middle (the same # of properties sold above and below the Median) 4,600 5,600 4,100 5,100 3,600 4,600 3,100 4,100 2,600 3,600 2,100 3,100 1,600 2,600 1,100 2,100 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 14 15 16 1,600 13 1,100 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 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 15 15 12 12 12 12 13 13 13 13 14 14 15 15 15 15 14 14 13 13 13 13 13 13 16 16 14 14 15 15 17 17 16 16 16 16 14 14 13 13 12 12 11 11 11 11 11 12 11 12 11 14 14 14 14 11 14 14 14 14 17 16 17 16 15 16 19 20 15 16 19 20 25 The Total Inventory of Properties available for sale as of Total Inventory & Month's Supply of Inventory (MSI) February was 11, equal to 11 last month and down 15.4% Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace from 13 in February of last year. February 2016 20 25 The Total Inventory Properties available for sale as of Inventory was at itsof lowest level compared with February February was2014. 11, equal to 11 last month and down 15.4% of 2015 and 15 from 13 in February of last year. February 2016 20 Inventory was at its lowest level compared with February 10 ofA2015 and 2014.lower MSI is more beneficial for sellers comparatively 15 while a higher MSI is better for buyers. The February 5 2016 MSI of 0.0 months was at its highest level 10 Acompared comparatively lower MSI more beneficial with February ofis2015 and 2014. for sellers 0 while a higher MSI is better for buyers. The February 5 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 2016 MSI of 0.0 months was at its highest level 13 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 68 | 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. 25 20 25 15 20 10 15 5 10 0 5 0