MA ARCHIVED February 2016 | Page 63

County: Fredericksburg City Fredericksburg
MARKET ACTION REPORT

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 162, up 16.5% from 139 days
last month and up 6.6% from 152 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

180
160
140
120
100
80
60
40
20
0

3 Mo Avg

162

152

71

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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 $152
was up 21.3% from $125 last month and up 7.7% from
141 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

136

3 Mo Avg

152

141

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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
98.9% was up from 96.6% last month and up from
98.5% in February of last year.

Avg Selling Price divided by Avg Listing Price for sold properties during the month

104%

3 Mo Avg

102%
100%

97.9%

98%

98.9%

98.5%

96%
94%
92%
90%
88%

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Inventory / New Listings / Sales
160

Inventory

New Listings

Sales

75
77

140
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 120
and Sales. The graph shows the basic annual
100
seasonality of the market as well as the relationship
80
between these items. The number of New Listings in
60
February 2016 was 42, up 75.0% from 24 last month
and up 13.5% from 37 in February of last year.
40

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

Inventory / New Listings / Sales

20
0

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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.

c o l dw el l b a n k er h o m es.c o m

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