MA ARCHIVED February 2016

MARKET ACTION REPORT County: Alexandria City Alexandria February 2016 Agent Name Title Phone Website Other Community Information Price Range: All | 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 63, up 3.3% from 61 days last month and down 12.5% from 72 days in February of last year. The February 2016 DOM was at its lowest level compared with February of 2015 and 2014. Average Days on Market (Listing to Contract) for properties sold during the month 80 70 60 50 40 30 20 10 0 71 72 3 Mo Avg 63 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 $294 was up 1.7% from $290 last month and down 2.1% from 301 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg 390 370 350 330 310 289 290 301 294 270 250 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 97.2% was down from 97 .3% last month and down from 97.9% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 100% 3 Mo Avg 99% 99% 98.0% 98% 97.9% 97.2% 98% 97% 97% 96% 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 232 251 Inventory New Listings Sales 308 308 317 305 348 344 308 264 264 283 308 342 369 366 369 347 396 376 339 275 261 266 301 374 408 411 428 396 392 401 350 277 281 265 450 400 This last view of the market combines monthly inventory of Properties for sale along with New Listings 350 300 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 250 between these items. The number of New Listings in 200 February 2016 was 147, up 25.6% from 117 last month 150 and down 2.0% from 150 in February of last year. 100 50 0 Inventory / New Listings / Sales 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: All | 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 | 47

MA ARCHIVED February 2016 | Page 47