MA ARCHIVED February 2016

Falls Church MARKET ACTION REPORT County: Falls Church City 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 92, down 34.3% from 140 days last month and up 64.3% from 56 days in February of last year. The February 2016 DOM was at a mid level compared with February of 2015 and 2014. 160 140 120 100 80 60 40 20 0 3 Mo Avg Average Days on Market (Listing to Contract) for properties sold during the month 92 56 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 13 14 15 16 Selling Price per Square Foot Selling Price per Square Foot 450 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 $292 was down 6.9% from $314 last month and down 14.1% from 340 in February of last year. 3 Mo Avg Average Selling Price per Square Foot for properties that sold during the month 400 345 350 340 292 300 250 200 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 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 82.4% was down from 97.1% last month and down from 98.5% in February of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 120% 98.8% 100% 98.5% 82.4% 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 Inventory / New Listings / Sales 35 25 16 13 15 18 20 21 Sales 31 28 26 21 22 25 14 16 31 31 35 33 35 34 30 26 23 22 26 26 21 22 22 New Listings 35 36 39 41 Inventory 25 45 40 This last view of the market combines monthly inventory of Properties for sale along with New Listings 35 30 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 25 between these items. The number of New Listings in 20 February 2016 was 15, up 66.7% from 9 last month and 15 down 6.3% from 16 in February of last year. 10 5 0 Inventory / New Listings / Sales 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 | 59

MA ARCHIVED February 2016 | Page 59