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
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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