MA ARCHIVED February 2016 | Page 62

Fredericksburg

MARKET ACTION REPORT
MARKET
ACTION REPORT
County: Fredericksburg
City

February 2016
February 2016

Agent Name

Title
Agent
Phone Name
Title
Website
Other
Phone
Website
Trending versus*:
Other

County: Fredericksburg City 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*:
$359,900 0%
Median List Price of all Current Listings
3%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prior Year
$412,061
Average List
Price of&
allTrends
Current Listings
2% L3M PYM
6%
$359,900
Median
List
Price
of
all
Current
Listings
0%
3%
$287,000
$285,125
February Median Sales Price
1%
-9%
-6% -10%
-11%
-11%
$412,061
Average
List
Price of
all Current
6% -7%
$300,594 2%
$296,686
February
Average
Sales
Price Listings
2%
-8% -12%
-5%
-8%
$287,000
$285,125
February
Median Currently
Sales Price
-6% -10%
-11%
-11%
77 1%
Total Properties
for Sale (Inventory)
3% -9% -24%
$300,5949 -31%
$296,686
February
Price
2%
-8% -12%
-7%
-5%
-8%
22
FebruaryAverage
NumberSales
of Properties
Sold
50%
-4%
77
Total
Properties
Currently
Sale (Inventory)
3% 53% -24%
162 17%
148
February
Average
Days onfor
Market
(Solds)
7% 119%
41%
100%
9 -31%
22
February
Number
of Properties
Sold on New Listings)
-4%
$150
$152
Asking Price
per Square
Foot (based
-3%
-3% 50%
9%
-1%
7%
0%
162 17%
148
February
Days
Market
(Solds)
7%
41%
100%
$152
$136
FebruaryAverage
Sold Price
peron
Square
Foot
21% 53%
1%
8% 119%
4%
-4%
-7%
$150
$152
8.6 48%
7.2
Asking
Price
per Square
Foot
(based on New Listings)
-3% 36%
-3% -49%
9% 30%
-1%
7%
0%
February
Month's
Supply
of Inventory
-36%
9%
$152 2.4%
$136
98.9%
97.9%
February
Square
21% 1.7%
1%
8% 1.5%
4%
-4%
-7%
FebruarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
.4%
.4%
.4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |8.6
Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged
7.2 (flat)-36%
February
Month's Supply of Inventory
48% 36% -49% 30%
9%
of Properties
98.9% 2.4% 1.7% Number
97.9% Sold.4%
February Sale Price vs List Price Ratio
.4% 1.5%
.4% 3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 40
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

5
0

Prices

The Median Sales Price in February was $287,000,
down 6.5% from $306,800 in February of 2015 and
Prices
up 1.3% from $283,250 last month. The Average
The Median Sales Price in February was $287,000,
Sales Price in February was $300,594, down 11.8%
down 6.5% from $306,800 in February of 2015 and
from $340,750 in February of 2015 and up 2.2%
up 1.3% from $283,250 last month. The Average
from $293,981 last month. February 2016 ASP was
Sales Price in February was $300,594, down 11.8%
at a mid range compared to February of 2015 and
from $340,750 in February of 2015 and up 2.2%
2014.
from $293,981 last month. February 2016 ASP was
at a mid range compared to February of 2015 and
2014.

Inventory & MSI

Number of Properties Sold

3 Mo Avg

12
15
14
15
19
26
12
22
11
19
6
12
16
23
15
18
22
18
19
17
14
23
17
6
21
19
23
34
24
22
21
19
18
20
13
9

35
30
40
25
35
20
30
15
25
10
20
155
100

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

12
15
14
15
19
26
12
22
11
19
6
12
16
23
15
18
22
18
19
17
14
23
17
6
21
19
23
34
24
22
21
19
18
20
13
9

Property Sales

February Property sales were 9, up 50.0% from 6 in
February ofSales
2015 and 30.8% lower than the 13 sales
Property
last month.
February
were
at afrom
mid level
February
Property
sales2016
weresales
9, up
50.0%
6 in
compared
to
February
of
2015
and
2014.
February
February of 2015 and 30.8% lower than the 13 sales
YTD
sales ofFebruary
22 are running
4.3%were
behind
last
month.
2016 sales
at a last
midyear's
level
year-to-date sales of 23.
compared to February of 2015 and 2014. February
YTD sales of 22 are running 4.3% behind last year's
year-to-date sales of 23.

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

400

Median Sales Price and Average Sales Price

350
(000's)
3 Mo Avg
Median means Middle (the same # of properties sold above and below the Median)
400
300
350
250
300
200
250
150
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

150

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

94
94
109
109
112
112
111
111
101
101
105
105
108
108
113
113
108
108
102
102
100
100
96
96
96
96
104
104
111
111
124
124
127
127
138
138
131
131
135
135
116
116
105
105
94
94
101
101
118
118
130
130
135
135
143
143
134
134
126
126
127
127
123
123
104
104
91
91
75
75
77
77

160
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 77, up 2.7% from 75 last month and down
140
Inventory
& inMSI
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
23.8% from 101
February of last year. February 2016
120
160
The
Total Inventory
Properties
available for
sale
as of
Inventory
was at itsof
lowest
level compared
with
February
100
February
was2014.
77, up 2.7% from 75 last month and down
of 2015 and
140
23.8% from 101 in February of last year. February 2016
80
120
Inventory was at its lowest level compared with February
60
100
ofA2015
and 2014.lower MSI is more beneficial for sellers
comparatively
40
while a higher MSI is better for buyers. The February
80
2016 MSI of 8.6 months was at a mid level compared
20
60
Awith
comparatively
more beneficial for sellers
February oflower
2015MSI
and is
2014.
400
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 8.6 months was at a mid level compared
14
15
16
20 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
of Realtors
Banker
M A Mof JRealtors
J AMLS
S and
O Sussex
N D County
J F M
A M MLS
J JandAmay
S not
O reflect
N DallJrelevant
F Mreal
A estate
M Jactivity.
J A Coldwell
S O 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 Ran ge: All | Property Types: SFH - Condo

Data is provided
Metropolitan
Incorporated,
62
| 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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16
14
18
12
16
10
14
8
12
6
10
4
8
2
6
0
4
2
0