MA ARCHIVED February 2016

MARKET ACTION REPORT MARKET ACTION REPORT County: Culpeper County: Culpeper Culpeper February 2016 February 2016 Agent Name Title Agent Phone Name Title Website Other Phone Website Trending versus*: Other Community Information Price Range: All | Properties: SFH - Condo Price Range: All | Properties: SFH - Condo Market Profile & Trends Overview Month LM L3M PYM Trending versus*: LY YTD Prior YTD Prior Year Trending versus*: Trending versus*: $329,995 0% Median List Price of all Current Listings 6% LY Market Profile Overview Month LM YTD Prior YTD Prior Year $394,755 Average List Price of& allTrends Current Listings 3% L3M PYM 12% $329,995 Median List Price of all Current Listings 0% 6% $253,355 $246,875 February Median Sales Price 6% 1% 0% -2% -1% -5% $394,755 Average List Price of all Current 3% $256,983 10% $247,659 February Average Sales Price Listings -1% 12% -4% -7% -5% -10% $253,355 $246,875 February Median Currently Sales Price 6% 1% -24% 0% -2% -1% -5% 236 -8% Total Properties for Sale (Inventory) $256,983 $247,659 February Average Sales Price 10% -1% -4% -7% -5% -10% 52 44% 88 February Number of Properties Sold 58% 31% 236 Total Properties Currently Sale (Inventory) -8% 90 10% 87 February Average Days onfor Market (Solds) 8% -24% -20% 17% -19% 13% 52 44% 88 February Number of Properties Sold on New Listings) 31% $156 $145 Asking Price per Square Foot (based 16% 10% 58% 20% 15% 13% 7% 90 10% 87 February Days Market (Solds) 8% -19% 13% $131 $125 FebruaryAverage Sold Price peron Square Foot 15% 7% -20% 12% 17% 8% 13% 3% $156 $145 4.5 -36% 5.8 Asking Price per Square Foot (based on New Listings) 16% -16% 10% -52% 20% -32% 15% 13% 7% February Month's Supply of Inventory -35% -13% $131 2.1% $125 98.3% 98.0% February Square 15% 7% 1.1% 12% 1.1% 8% 13% 3% FebruarySold SalePrice Priceper vs List PriceFoot Ratio .4% .7% .8% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |4.5 Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged 5.8 (flat)-35% February Month's Supply of Inventory -36% -16% -52% -32% -13% of Properties 98.3% 2.1% .4% Number 98.0% Sold.7% February Sale Price vs List Price Ratio 1.1% 1.1% .8% 3 Mo Avg * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 80 / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat) 10 0 Prices The Median Sales Price in February was $253,355, up 0.5% from $252,100 in February of 2015 and up Prices 5.6% from $239,950 last month. The Average Sales The Median Sales Price in February was $253,355, Price in February was $256,983, down 3.7% from up 0.5% from $252,100 in February of 2015 and up $266,957 in February of 2015 and up 9.7% from 5.6% from $239,950 last month. The Average Sales $234,191 last month. February 2016 ASP was at the Price in February was $256,983, down 3.7% from lowest level compared to February of 2015 and $266,957 in February of 2015 and up 9.7% from 2014. $234,191 last month. February 2016 ASP was at the lowest level compared to February of 2015 and 2014. Inventory & MSI Number of Properties Sold 3 Mo Avg 62 50 48 54 61 56 54 40 37 47 25 26 43 55 53 48 53 53 43 55 42 47 34 33 37 58 59 72 63 56 60 41 34 59 36 52 70 60 80 50 70 40 60 30 50 20 40 10 30 200 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 62 50 48 54 61 56 54 40 37 47 25 26 43 55 53 48 53 53 43 55 42 47 34 33 37 58 59 72 63 56 60 41 34 59 36 52 Property Sales February Property sales were 52, up 57.6% from 33 in FebruarySales of 2015 and 44.4% higher than the 36 Property sales lastProperty month. February sales werefrom at their February sales were2016 52, up 57.6% 33 highest level compared to February of 2015 and36 in February of 2015 and 44.4% higher than the 2014.last February sales of 88 sales are running sales month. YTD February 2016 were at31.3% their ahead of last year's year-to-date sales of 67. highest level compared to February of 2015 and 2014. February YTD sales of 88 are running 31.3% ahead of last year's year-to-date sales of 67. M A M J J Median A S O N D J F M A M and J J AAverage S O N D Sales J F M Price A M J J A S O N D J F Sales Price 14 15 16 3 Mo Avg Median means Middle (the same # of properties sold above and below the Median) (000's) 13 400 380 Median Sales Price and Average Sales Price 360 (000's) 3 Mo Avg Median means Middle (the same # of properties sold above and below the Median) 400 340 380 320 360 300 340 280 320 260 300 240 280 220 260 200 240 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 16 220 13 200 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 229 229 260 260 275 275 288 288 294 294 284 284 308 308 284 284 266 266 264 264 264 264 270 270 282 282 316 316 358 358 370 370 395 395 401 401 392 392 382 382 348 348 322 322 290 290 309 309 317 317 319 319 326 326 332 332 339 339 350 350 340 340 320 320 291 291 265 265 256 256 236 236 450 The Total Inventory of Properties available for sale as of Total Inventory & Month's Supply of Inventory (MSI) February was 236, down 7.8% from 256 last month and 400 Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace down 23.6% from 309 in February of last year. February 350 450 The Total Inventory available for sale as of 2016 Inventory wasof atProperties its lowest level compared with 300 February 236,and down 7.8% from 256 last month and Februarywas of 2015 2014. 400 250 down 23.6% from 309 in February of last year. February 350 200 2016 Inventory was at its lowest level compared with 300 150 February of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers 250 while a higher MSI is better for buyers. The February 100 2016 MSI of 4.5 months was at its lowest level compared 200 50 150 Awith comparatively more beneficial for sellers February oflower 2015MSI and is 2014. 0 while a higher MSI is better for buyers. The February 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 2016 MSI of 4.5 months was at its lowest level compared 14 15 16 50 13 with February of 2015 and| Price 2014.Range: All | Property Types: SFH - Condo Copyright © Coldwell Banker 0 Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association of Realtors Banker M A Mof JRealtors J AMLS S and O Sussex N D County J F M A M MLS J JandAmay S not O reflect N DallJrelevant F Mreal A estate M Jactivity. J A Coldwell S O N D J F does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller 13 to verify any and all information relevant 14 to such consumer’s real estate transaction. 15 16 Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Condo Data is provided Metropolitan 52 | 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. 12 10 12 8 10 6 8 4 6 2 4 0 2 0

MA ARCHIVED February 2016 | Page 52