MA ARCHIVED February 2016 | Page 58

Falls Church

MARKET ACTION REPORT
MARKET
REPORT
County: FallsACTION
Church City

County: Falls Church 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*:
$849,000 -30%
Median List Price of all Current Listings
31%
LM L3M PYM
LY
Market
Profile
Overview
Month -7%
YTD Prior YTD Prior Year
$971,270
Average List
Price of&
allTrends
Current Listings
31%
$849,000
Median
List
Price
of
all
Current
Listings
-30%
31%
$865,000
$865,000
February Median Sales Price
-18% 16% 24% 24%
26%
24%
$971,270
Average
List
Price of
all Current
-7% 10% 31%
$915,000 -13%
February
Average
Sales
Price Listings
14% 24% $1,006,111
23%
36%
$865,000
$865,000
February
Median Currently
Sales Price
24% 24%
26%
24%
18 -18%
Total Properties
for Sale (Inventory)
20% 16% -14%
$915,000
$1,006,111
February
Average
Sales
Price
-13%
10%
14%
24%
23%
36%
3 -50%
9
February Number of Properties Sold
-73%
-50%
18
Total
Properties
Currently
Sale (Inventory)
20% 64% -14%
92 -34%
124 176%
February
Average
Days onfor
Market
(Solds)
64% 136%
218%
3 -50%
February
Number
of Properties
Sold on New Listings)
-50%
$356
$3509
Asking Price
per Square
Foot (based
5%
2% -73%
4%
1%
-1%
-1%
92 -34%
124 -11%
February
Days
Market
(Solds)
64% -14%
64% 136%
176%
218%
$292
$307
FebruaryAverage
Sold Price
peron
Square
Foot
-7% -14%
-18%
-14%
$356
$350
6.0 140%
4.3
Asking
Price
per Square
Foot
(based on New Listings)
5% 86%
2% 214%
4% 175%
1%
-1%
-1%
February
Month's
Supply
of Inventory
78%
95%
$292 ####
$307 -8.2%
82.4%
90.1%
February
Square
-7% ####
-14% ####
-14% ####
-18%
-11%
-14%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
-8.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |6.0
Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged
4.3 (flat)78%
February
Month's Supply of Inventory
140% 86% 214% 175%
95%
of Properties
82.4% #### #### Number
90.1% Sold
February Sale Price vs List Price Ratio
#### ####
-8.2%
-8.8%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 20
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

18
Number of Properties Sold
3 Mo Avg
16
20
14
18
12
16
10
148
126
104
82
60
4 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
2 13
0

13
10
17
19
15
17
6
10
5
12
3
10
12
10
14
15
18
15
16
11
7
17
7
11
13
12
17
16
17
11
15
8
12
11
6
3

13
10
17
19
15
17
6
10
5
12
3
10
12
10
14
15
18
15
16
11
7
17
7
11
13
12
17
16
17
11
15
8
12
11
6
3

Property Sales

February Property sales were 3, down 72.7% from 11
in FebruarySales
of 2015 and 50.0% lower than the 6
Property
sales lastProperty
month. February
sales72.7%
were at
their11
February
sales were2016
3, down
from
lowest
level
compared
to
February
of
2015
and
in February of 2015 and 50.0% lower than the 6
2014.last
February
sales of
9 are
running
50.0%
sales
month. YTD
February
2016
sales
were at
their
behind last year's year-to-date sales of 18.
lowest level compared to February of 2015 and
2014. February YTD sales of 9 are running 50.0%
behind last year's year-to-date sales of 18.

Prices

The Median Sales Price in February was $865,000,
up 23.6% from $700,000 in February of 2015 and
Prices
down 18.0% from $1,055,000 last month. The
The Median Sales Price in February was $865,000,
Average Sales Price in February was $915,000, up
up 23.6% from $700,000 in February of 2015 and
14.0% from $802,682 in February of 2015 and
down 18.0% from $1,055,000 last month. The
down 13.0% from $1,051,667 last month. February
Average Sales Price in February was $915,000, up
2016 ASP was at the highest level compared to
14.0% from $802,682 in February of 2015 and
February of 2015 and 2014.
down 13.0% from $1,051,667 last month. February
2016 ASP was at the highest level compared to
February of 2015 and 2014.

Inventory & MSI

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

1,100

Median Sales Price and Average Sales Price

1,000
(000's)
1,100
900
1,000
800

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

3 Mo Avg

900
700
800
600
700
500
600
500

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

22
22

22
22

30
30
26
26
23
23
22
22
26
26
26
26
21
21
14
14
16
16
21
21
22
22
25
25
35
35
33
33
35
35
34
34
39
39
41
41
28
28
26
26
20
20
21
21
25
25
31
31
31
31
35
35
36
36
31
31
35
35
25
25
16
16
13
13
15
15
18
18

45
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 18, up 20.0% from 15 last month and down 40
Inventory
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
14.3% from 21&
inMSI
February of last year. February 2016
35
45
The
Total Inventory
Properties
available for
sale
as of
Inventory
was at itsof
lowest
level compared
with
February
30
February
was2014.
18, up 20.0% from 15 last month and down 40
of 2015 and
25
14.3% from 21 in February of last year. February 2016
35
20
Inventory was at its lowest level compared with February
30
15
ofA2015
and 2014.lower MSI is more beneficial for sellers
comparatively
25
while a higher MSI is better for buyers. The February
10
20
2016 MSI of 6.0 months was at its highest level
5
15
Acompared
comparatively
lower MSI
more
beneficial
with February
ofis2015
and
2014. for sellers
0
while a higher MSI is better for buyers. The February
10 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 6.0 months was at its highest level
14
15
16
5 13
compared
February
2015Range:
and 2014.
Copyright ©with
Coldwell
Banker of
| Price
All | Property Types: SFH -0Condo

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association
andN
Sussex
M A M ofJRealtors
J A MLS
S O
D JCounty
F Mof Realtors
A M JMLSJ and
A may
S not
O reflect
N DallJrelevant
F Mreal
A estate
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 or13
seller to verify any and all information 14
relevant to such consumer’s real estate transaction.
15
16

Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Condo

Data is provided
Metropolitan
Incorporated,
58
| 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.

7
6
57
46

35
24
13
02

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