MA ARCHIVED February 2016 | Page 61
Fauquier
MARKET ACTION REPORT
February 2016
Agent Name
County: Fauquier
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 98, up 3.2% from 95 days last
month and down 12.5% 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
98
80
80
60
40
20
0
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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 $150
was down 4.2% from $157 last month and up 10.4%
from 136 in February of last year.
Average Selling Price per Square Foot for properties that sold during the month
200
190
180
170
160
150
140
130
120
110
100
140
3 Mo Avg
150
136
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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
97.7% was down from 98.5% last month and up from
96.5% in February of last year.
103%
102%
101%
100%
99%
98%
97%
96%
95%
94%
93%
92%
Avg Selling Price divided by Avg Listing Price for sold properties during the month
3 Mo Avg
98.5%
97.7%
96.5%
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Inventory / New Listings / Sales
This last view of the market combines monthly
inventory of Properties for sale along with New Listings
and Sales. The graph shows the basic annual
seasonality of the market as well as the relationship
between these items. The number of New Listings in
February 2016 was 80, up 29.0% from 62 last month
and down 7.0% from 86 in February of last year.
600
500
400
300
Inventory
New Listings
Sales
353
391
426
463
464
437
448
450
423
379
351
334
364
432
482
487
510
514
542
534
484
420
400
393
454
508
553
570
567
556
563
534
500
430
388
366
Inventory / New Listings / Sales
200
100
0
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14
15
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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.
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