MA ARCHIVED February 2016

MARKET ACTION REPORT County: Culpeper Culpeper 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 90, up 9.8% from 82 days last month and down 19.6% from 112 days in February of last year. The February 2016 DOM was at a mid level compared with February of 2015 and 2014. Average Days on Market (Listing to Contract) for properties sold during the month 112 120 100 3 Mo Avg 90 82 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 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 $131 was up 14.7% from $114 last month and up 12.4% from 117 in February of last year. Average Selling Price per Square Foot for properties that sold during the month 150 140 130 120 110 100 90 80 70 60 50 3 Mo Avg 131 117 117 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 98.3% was up from 96.3% last month and up from 97.2% in February of last year. Avg Selling Price divided by Avg Listing Price for sold properties during the month 100% 3 Mo Avg 99.0% 99% 98.3% 98% 97.2% 97% 96% 95% 94% 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 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 67, up 1.5% from 66 last month and 150 down 16.3% from 80 in February of last year. 100 50 0 Inventory / New Listings / Sales New Listings Sales 229 260 275 288 294 284 308 284 266 264 264 270 282 316 358 370 395 401 392 382 348 322 290 309 317 319 326 332 339 350 340 320 291 265 256 236 Inventory 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 | 53

MA ARCHIVED February 2016 | Page 53