MA ARCHIVED February 2016 | Page 64

MARKET ACTION REPORT MARKET ACTION REPORT County: Loudoun County: Loudoun Loudoun 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*: $659,900 2% Median List Price of all Current Listings 6% LY Market Profile Overview Month LM YTD Prior YTD Prior Year $768,462 Average List Price of& allTrends Current Listings 2% L3M PYM 5% $659,900 Median List Price of all Current Listings 2% 6% $486,700 $505,000 February Median Sales Price -10% -9% -9% -11% -6% -8% $768,462 Average List Price of all Current 2% -10% -9% 5% -12% $489,821 -11% $520,215 February Average Sales Price Listings -4% -7% $486,700 $505,000 February Median Currently Sales Price -9% -11% -6% -8% 1,065 -10% Total Properties for Sale (Inventory) 1% -9% -15% $489,821 $520,215 February Average Sales Price -11% -10% -9% -12% -4% -7% 202 -3% 411 February Number of Properties Sold 12% 18% 1,065 Total Properties Currently Sale (Inventory) 1% 69 -1% 69 February Av erage Days onfor Market (Solds) 6% -15% 23% -8% 23% 202 -3% 411 February Number of Properties Sold on New Listings) 18% $181 $182 Asking Price per Square Foot (based -2% -3% 12% 2% 1% 3% 1% 69 -1% 69 February Days Market (Solds) 6% -8% 23% $175 $172 FebruaryAverage Sold Price peron Square Foot 4% 1% -15% -7% 23% 1% -3% -1% $181 $182 5.3 -2% 5.2 Asking Price per Square Foot (based on New Listings) -3% -24% 2% 3% 1% February Month's Supply of Inventory 4% 14% 1% -26% -1% $175 -.4% $172 97.8% 97.8% February Square 4% -.3% 1% -.1% -7% -.3% 1% -3% -1% FebruarySold SalePrice Priceper vs List PriceFoot Ratio .5% -.3% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |5.3 Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged 5.2 (flat)-26% February Month's Supply of Inventory 4% 14% -24% 1% -1% of Properties 97.8% -.4% -.3% Number 97.8% Sold.5% February Sale Price vs List Price Ratio -.1% -.3% -.3%3 Mo Avg * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 500 / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat) 450 Number of Properties Sold 3 Mo Avg 400 500 350 450 300 400 250 350 200 300 150 250 100 200 50 1500 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 14 15 16 50 13 0 292 322 362 476 407 369 276 256 215 303 170 161 253 300 331 412 339 306 269 259 223 284 168 181 271 317 364 467 410 339 275 262 222 320 209 202 292 322 362 476 407 369 276 256 215 303 170 161 253 300 331 412 339 306 269 259 223 284 168 181 271 317 364 467 410 339 275 262 222 320 209 202 Property Sales February Property sales were 202, up 11.6% from 181 in February of 2015 and 3.3% lower than the Property Sales 209 salesProperty last month. 2016 sales were February salesFebruary were 202, up 11.6% fromat their highest level compared to February of 181 in February of 2015 and 3.3% lower than2015 the andsales 2014.last February sales of 411sales are running 209 month. YTD February 2016 were at 17.8% ahead of last year's year-to-date sales of 349. their highest level compared to February of 2015 and 2014. February YTD sales of 411 are running 17.8% ahead of last year's year-to-date sales of 349. Prices The Median Sales Price in February was $486,700, down 9.5% from $537,500 in February of 2015 and Prices down 10.5% from $543,500 last month. The The Median Sales Price in February was $486,700, Average Sales Price in February was $489,821, down 9.5% from $537,500 in February of 2015 and down 8.7% from $536,516 in February of 2015 and down 10.5% from $543,500 last month. The down 10.9% from $549,591 last month. February Average Sales Price in February was $489,821, 2016 ASP was at the lowest level compared to down 8.7% from $536,516 in February of 2015 and February of 2015 and 2014. down 10.9% from $549,591 last month. February 2016 ASP was at the lowest level compared to February of 2015 and 2014. Inventory & MSI M A M J JMedian A S O N Sales D J F Price M A M and J J A S O N D Sales J F M Price A M J J A S O N D J F Average 14 15 16 3 Mo Avg Median means Middle (the same # of properties sold above and below the Median) (000's) 13 600 580 Median Sales Price and Average Sales Price 560 (000's) 3 Mo Avg Median means Middle (the same # of properties sold above and below the Median) 600 540 580 520 560 500 540 480 520 460 500 440 480 420 460 400 440 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 16 420 13 400 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 986 986 1,053 1,053 1,179 1,179 1,185 1,185 1,216 1,216 1,186 1,186 1,191 1,191 1,148 1,148 1,003 1,003 892 892 902 902 973 973 1,098 1,098 1,292 1,292 1,510 1,510 1,635 1,635 1,699 1,699 1,656 1,656 1,625 1,625 1,592 1,592 1,399 1,399 1,231 1,231 1,179 1,179 1,256 1,256 1,427 1,427 1,666 1,666 1,716 1,716 1,703 1,703 1,682 1,682 1,623 1,623 1,602 1,602 1,522 1,522 1,333 1,333 1,129 1,129 1,059 1,059 1,065 1,065 2,000 The Total Inventory of Properties available for sale as of Total Inventory & Month's Supply of Inventory (MSI) February was 1,065, up 0.6% from 1,059 last month and 1,800 Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace down 15.2% from 1,256 in February of last year. 1,600 2,000 The Total Inventory of Properties sale as of February 2016 Inventory was at aavailable mid levelfor compared 1,400 February was 1,065, up and 0.6% from 1,059 last month and 1,800 with February of 2015 2014. 1,200 down 15.2% from 1,256 in February of last year. 1,600 1,000 February 2016 Inventory was at a mid level compared 1,400 800 with February of 2015 A comparatively lowerand MSI2014. is more beneficial for sellers 1,200 600 while a higher MSI is better for buyers. The February 1,000 400 2016 MSI of 5.3 months was at its lowest level compared 800 200 Awith comparatively more beneficial for sellers February oflower 2015MSI and is 2014. 6000 while a higher MSI is better for buyers. The February 400 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 5.3 months was at its lowest level compared 14 15 16 200 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 Realtors maySnotOreflect all relevant realAestate M A ofMRealtors J J MLS A SandOSussex N DCounty J FofM A MMLS J and J A N D J F M M activity. J 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 or seller 13to verify any and all information relevant 14 to such consumer’s real estate transaction. 15 16 Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Condo Data is provided Metropolitan Incorporated, 64 | 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. 8 7 68 57 46 35 24 13 02 1 0