MA ARCHIVED February 2016 | Page 56

Fairfax County

MARKET ACTION REPORT
MARKET
ACTION REPORT
County: Fairfax

County: Fairfax

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*:
$725,000 4%
Median List Price of all Current Listings
7%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prior Year
$1,017,578
Average List
Price of&
allTrends
Current Listings
1% L3M PYM
6%
$725,000
Median
List
Price
of
all
Current
Listings
4%
7%
$510,000
$516,500
February Median Sales Price
-2%
-3%
-2%
-7%
-1%
-6%
$1,017,578
Average
List
Price of
all Current
6%
$574,062 1%
$566,857
February
Average
Sales
Price Listings
3%
-2%
0%
-5%
-3%
-7%
$510,000
$516,500
February
Median Currently
Sales Price
-2%
-7%
-1%
-6%
2,044 -2%
Total Properties
for Sale (Inventory)
5% -3%
1%
$574,062
$566,857
February
Average
Sales
Price
3%
-2%
0%
-5%
-3%
-7%
536 9%
1,026
February Number of Properties Sold
9%
8%
2,044
Total
Properties
Currently
Sale (Inventory)
1%
67 5%
65
February
Average
Days onfor
Market
(Solds)
6% 14%
8% 49%
5%
44%
536 -1%
1,026
February
Number
of Properties
Sold on New Listings)
9%
9%
8%
$256
$257
Asking Price
per Square
Foot (based
-2%
0%
-0%
-0%
0%
67 6%
65
February
Days
Market
(Solds)
8% 49%
5%
44%
$248
$247
FebruaryAverage
Sold Price
peron
Square
Foot
1% 14%
1%
-0%
1%
0%
0%
$256
$257
3.8 -1%
3.9
Asking
Price
per Square
Foot
(based on New Listings)
0%
-0%
-0%
0%
February
Month's
Supply
of Inventory
-4% -2%
8%
-8%
1%
-4%
3%
$248 .2%
$247
98.0%
97.5%
February
Square
1%
1%
-0%
1%
0%
0%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
.4%
.0%
.1%
.2%
-.3%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |3.8
Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged
3.9 (flat)-4%
February
Month's Supply of Inventory
-4%
8%
-8%
1%
3%
of Properties
98.0% .2% .4% Number
97.5% Sold.2%
February Sale Price vs List Price Ratio
.0%
.1%
-.3%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 1,400
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

4000

Inventory & MSI

682
878
1,172
1,245
1,038
951
696
681
596
676
436
485
623
783
931
1,038
900
859
626
655
557
747
461
491
683
851
1,004
1,208
1,109
875
726
695
564
736
490
536

600
200

0

The Median Sales Price in February was $510,000,
down 1.9% from $520,000 in February of 2015 and
Prices
down 1.9% from $519,944 last month. The Average
The Median Sales Price in February was $510,000,
Sales Price in February was $574,062, up 0.3%
down 1.9% from $520,000 in February of 2015 and
from $572,090 in February of 2015 and up 2.7%
down 1.9% from $519,944 last month. The Average
from $558,976 last month. February 2016 ASP was
Sales Price in February was $574,062, up 0.3%
at the highest level compared to February of 2015
from $572,090 in February of 2015 and up 2.7%
and 2014.
from $558,976 last month. February 2016 ASP was
at the highest level compared to February of 2015
and 2014.

3 Mo Avg

1,000
600
800
400

200

Prices

Number of Properties Sold

1,200
1,400
1,000
1,200
800

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

682
878
1,172
1,245
1,038
951
696
681
596
676
436
485
623
783
931
1,038
900
859
626
655
557
747
461
491
683
851
1,004
1,208
1,109
875
726
695
564
736
490
536

Property Sales

February Property sales were 536, up 9.2% from
491 in February
Property
Salesof 2015 and 9.4% higher than the
490 salesProperty
last month.
2016
sales were
February
salesFebruary
were 536,
up 9.2%
from at
their
highest
level
compared
to
February
of
2015
491 in February of 2015 and 9.4% higher than
the
andsales
2014.last
February
sales of
1,026
arewere
running
490
month. YTD
February
2016
sales
at
7.8% ahead of last year's year-to-date sales of 952.
their highest level compared to February of 2015
and 2014. February YTD sales of 1,026 are running
7.8% ahead of last year's year-to-date sales of 952.

M A M J Median
J A S O NSales
D J FPrice
M A Mand
J J Average
A S O N DSales
J F MPrice
A M J J A S O N D J F
14
15
16
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)

(000's)13

700

Median Sales Price and Average Sales Price

650
(000's)
700
600
650
550

Median means Middle (the same # of properties sold above and below the Median)

3 Mo Avg

600
500
550
450
500
400
450
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
13
14
15
16

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

1,564
1,564
1,821
1,821
2,091
2,091
2,082
2,082
2,115
2,115
2,136
2,136
2,290
2,290
2,189
2,189
1,853
1,853
1,520
1,520
1,507
1,507
1,633
1,633
1,905
1,905
2,348
2,348
2,831
2,831
2,890
2,890
2,958
2,958
2,996
2,996
3,114
3,114
2,925
2,925
2,350
2,350
1,922
1,922
1,849
1,849
2,025
2,025
2,413
2,413
3,058
3,058
3,475
3,475
3,467
3,467
3,483
3,483
3,384
3,384
3,376
3,376
3,179
3,179
2,586
2,586
2,057
2,057
1,949
1,949
2,044
2,044

4,000
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 2,044, up 4.9% from 1,949 last month and
3,500
Inventory
MSI
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
up 0.9% from&
2,025
in February of last year. February
3,000
4,000
The
Total
Inventory
for salewith
as of
2016
Inventory
wasof
atProperties
its highest available
level compared
2,500
February
2,044 ,
up2014.
4.9% from 1,949 last month and
Februarywas
of 2015
and
3,500
up 0.9% from 2,025 in February of last year. February
2,000
3,000
2016 Inventory was at its highest level compared with
1,500
2,500
February
of 2015 and
2014.
A comparatively
lower
MSI is more beneficial for sellers
1,000
while a higher MSI is better for buyers. The February
2,000
2016 MSI of 3.8 months was at a mid level compared
500
1,500
Awith
comparatively
more beneficial for sellers
February oflower
2015MSI
and is
2014.
1,0000
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
2016 MSI of 3.8 months was at a mid level compared
14
15
16
500 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
Realtors
maySnotOreflect
all relevant
realAestate
M A ofMRealtors
J J MLS
A SandOSussex
N DCounty
J FofM
A MMLS
J and
J A
N D
J F M
M activity.
J 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
13to 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
Incorporated,
56
| 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 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.

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