MA ARCHIVED February 2016 | Page 54

Fairfax City

MARKET ACTION REPORT
MARKET
ACTION
County: Fairfax
City REPORT

County: Fairfax City

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*:
$618,680 3%
Median List Price of all Current Listings
13%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prior Year
$669,879
Average List
Price of&
allTrends
Current Listings
1% L3M PYM
16%
$618,680
Median
List
Price
of
all
Current
Listings
3%
13%
$575,000
$547,900
February Median Sales Price
29% 17%
-1% 10%
3%
5%
$669,879
Average
List
Price of
all Current
$548,436 1%
$534,218
February
Average
Sales
Price Listings
6%
9% 16%
-2%
1%
-4%
-2%
$575,000
$547,900
February
Median Currently
Sales Price
-1% 10%
3%
5%
130 29%
Total Properties
for Sale (Inventory)
5% 17% 11%
$548,436
$534,218
February
Average
Sales
Price
6%
9%
-2%
1%
-4%
-2%
28 4%
55
February Number of Properties Sold
4%
-11%
130
Total
Properties
Currently
Sale (Inventory)
5% 19% 11%
69 15%
65
February
Average
Days onfor
Market
(Solds)
25% 60%
10%
51%
28 12%
55
February
Number
of Properties
Sold on New Listings)
4%
4%
-11%
$278
$268
Asking Price
per Square
Foot (based
4%
8%
9%
0%
5%
69 -11%
65
February
Days
Market
(Solds)
15% 19%
10%
51%
$228
$243
FebruaryAverage
Sold Price
peron
Square
Foot
-7% 25%
-2% 60%
-6%
0%
0%
$278
$268
4.6 12%
4.6
Asking
Price
per Square
Foot
(based on New Listings)
4%
8%
9%
0%
5%
February
Month's
Supply
of Inventory
1% 19%
7% 27%
32%
27%
$228 -11%
$243
97.9%
98.0%
February
Square
-7% -.3%
-2% -.5%
-6%
0%
0%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
.6% -.4%
.3%
-.5%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |4.6
Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged
4.6 (flat)32%
February
Month's Supply of Inventory
1% 19%
7% 27%
27%
of Properties
97.9% .6% -.4% Number
98.0% Sold.3%
February Sale Price vs List Price Ratio
-.3% -.5%
-.5%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 100
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

90
Number of Properties Sold
3 Mo Avg
80
100
70
90
60
80
50
70
40
60
30
50
20
40
10
300
20 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
10 13
0

42
63
65
90
80
80
62
37
39
44
34
34
40
68
63
83
62
65
48
43
46
55
35
27
39
57
66
83
81
63
41
63
36
54
27
28

42
63
65
90
80
80
62
37
39
44
34
34
40
68
63
83
62
65
48
43
46
55
35
27
39
57
66
83
81
63
41
63
36
54
27
28

Property Sales

February Property sales were 28, up 3.7% from 27
in FebruarySales
of 2015 and 3.7% higher than the 27
Property
sales lastProperty
month. February
sales
were
at a27
mid
February
sales were2016
28, up
3.7%
from
level
compared
to
February
of
2015
and
2014.
in February of 2015 and 3.7% higher than the 27
February
YTD sales
of 55 are
running
11.3%atbehind
sales
last month.
February
2016
sales were
a mid
last year's year-to-date sales of 62.
level compared to February of 2015 and 2014.
February YTD sales of 55 are running 11.3% behind
last year's year-to-date sales of 62.

Prices

The Median Sales Price in February was $575,000,
down 1.4% from $583,000 in February of 2015 and
Prices
up 29.2% from $445,000 last month. The Average
The Median Sales Price in February was $575,000,
Sales Price in February was $548,436, down 2.1%
down 1.4% from $583,000 in February of 2015 and
from $560,119 in February of 2015 and up 5.6%
up 29.2% from $445,000 last month. The Average
from $519,473 last month. February 2016 ASP was
Sales Price in February was $548,436, down 2.1%
at a mid range compared to February of 2015 and
from $560,119 in February of 2015 and up 5.6%
2014.
from $519,473 last month. February 2016 ASP was
at a mid range compared to February of 2015 and
2014.

Inventory & MSI

M A M J JMedian
A S O N Sales
D J F Price
M A M and
J J A
S O N D Sales
J F M Price
A M J J A S O N D J F
Average
14
15
16
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)

(000's)
13

700
650
Median Sales Price and Average Sales Price
(000's)
3 Mo Avg
600
Median means Middle (the same # of properties sold above and below the Median)
700
550
650
500
600
450
550
400
500
350
450
300
400 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
350 13
14
15
16
300

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

245
233
237
239
244
221

77
77
104
104
117
117
141
141
132
132
127
127
127
127
125
125
117
117
94
94
89
89
91
91
109
109
131
131
166
166
173
173
172
172
174
174
190
190
172
172
140
140
104
104
94
94
117
117
136
136
198
198

35

Data is provided
Metropolitan
Incorporated,
54
| ccourtesy
o l dofw
e l l bRegional
a n kInformation
e r h oServices
mes
. 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 accura cy 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.

6
57

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association
M A Mof Realtors
J J AMLS
S and
O Sussex
N D County
J F of
MRealtors
A M MLS
J JandAmay
S not
Oreflect
N Dall relevant
J F MrealAestate
M Jactivity.
J AColdwell
S O Banker
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

7

245
233
237
239
244
221
165
165
132
132
124
124
130
130

300
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 130, up 4.8% from 124 last month and up
250
Inventory
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
11.1% from 117&inMSI
February of last year. February 2016
300
The
Total Inventory
Properties
sale as of
Inventory
was at itsof
highest
level available
comparedfor
with
200
February
130, and
up 4.8%
Februarywas
of 2015
2014.from 124 last month and up
250
11.1% from 117 in February of last year. February 2016
150
Inventory was at its highest level compared with
200
100
February
of 2015 and
2014.
A comparatively
lower
MSI is more beneficial for sellers
while a higher MSI is better for buyers. The February
150
50
2016 MSI of 4.6 months was at its highest level
100
Acompared
comparatively
lower MSI
more
beneficial
with February
ofis2015
and
2014. for sellers
0
while a higher MSI is better for buyers. The February
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
50
2016 MSI of 4.6 months was at its highest level
13
14
15
16
compared
February
2015Range:
and 2014.
Copyright ©with
Coldwell
Banker of
| Price
All | Property Types: SFH - Condo
0

46
24
13
02

1
0