MA ARCHIVED February 2016 | Page 68

Manassas Park

MARKET ACTION REPORT
MARKET
ACTION
County: Manassas
ParkREPORT
City

February 2016
February 2016

Agent Name

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

County: Manassas Park 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*:
$290,000 4%
Median List Price of all Current Listings
14%
LY
Market
Profile
Overview
Month LM
YTD Prior YTD Prior Year
$336,767
Average List
Price of&
allTrends
Current Listings
8% L3M PYM
18%
$290,000
Median
List
Price
of
all
Current
Listings
4%
14%
$351,000
$266,000
February Median Sales Price
61% 32% 14% 35%
13%
2%
$336,767
Average
List
Price of
all Current
8% 13% 18%
$316,044 33%
$281,650
February
Average
Sales
Price Listings
4% 13%
1%
1%
$351,000
$266,000
February
Median Currently
Sales Price
61% 32% -30%
14% 35%
13%
2%
16 -30%
Total Properties
for Sale (Inventory)
$316,044
$281,650
February
Average
Sales
Price
33%
13%
4%
13%
1%
1%
9 29%
16
February Number of Properties Sold
-25%
-24%
16
Total
Properties
Currently
Sale (Inventory)
68 -30%
56
February
Average
Days onfor
Market
(Solds)
62% 39% -30%
70% 70%
22%
40%
9 29%
16
February
Number
of Properties
Sold on New Listings)
-24%
$158
$168
Asking Price
per Square
Foot (based
-9%
-4% -25%
2%
1%
5%
7%
68 -19%
56
February
Days
Market
(Solds)
62% -13%
39% -12%
70% -12%
70%
22%
40%
$136
$149
FebruaryAverage
Sold Price
peron
Square
Foot
2%
-4%
$158
$168
1.8 -46%
2.5
Asking
Price
per Square
Foot
(based on New Listings)
-9% -20%
-4%
2% -22%
1%
5%
7%
February
Month's
Supply
of Inventory
-7%
22%
12%
$136 -19%
$149
98.7%
97.7%
February
Square
2%
-4%
Febr uarySold
SalePrice
Priceper
vs List
PriceFoot
Ratio
2.3% -13%
.4% -12%
-.3% -12%
-.0%
-.9%
-1.0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |1.8
Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged
2.5 (flat)22%
February
Month's Supply of Inventory
-46% -20%
-7% -22%
12%
of Properties
98.7% 2.3% .4% Number
97.7% Sold
February Sale Price vs List Price Ratio
-.3% -.0%
-.9%
-1.0%3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 20
/ YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

18
Number of Properties Sold
3 Mo Avg
16
20
14
18
12
16
10
148
126
104
82
60
4 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
2 13
0

12
9
17
11
10
13
5
16
10
12
4
13
6
7
16
17
17
9
11
12
13
12
9
12
12
17
13
12
19
19
12
11
12
13
7
9

12
9
17
11
10
13
5
16
10
12
4
13
6
7
16
17
17
9
11
12
13
12
9
12
12
17
13
12
19
19
12
11
12
13
7
9

Property Sales

February Property sales were 9, down 25.0% from
12 in February
of 2015 and 28.6% higher than the 7
Property
Sales
sales lastProperty
month. February
sales25.0%
were atfrom
their
February
sales were2016
9, down
lowest
level
compared
to
February
of
2015
and
12 in February of 2015 and 28.6% higher than the 7
2014.last
February
sales of
16 are
running
sales
month. YTD
February
2016
sales
were at23.8%
their
behind last year's year-to-date sales of 21.
lowest level compared to February of 2015 and
2014. February YTD sales of 16 are running 23.8%
behind last year's year-to-date sales of 21.

Prices

The Median Sales Price in February was $351,000,
up 13.9% from $308,100 in February of 2015 and
Prices
up 61.4% from $217,500 last month. The Average
The Median Sales Price in February was $351,000,
Sales Price in February was $316,044, up 3.7% from
up 13.9% from $308,100 in February of 2015 and
$304,825 in February of 2015 and up 33.1% from
up 61.4% from $217,500 last month. The Average
$237,429 last month. February 2016 ASP was at
Sales Price in February was $316,044, up 3.7% from
the highest level compared to February of 2015 and
$304,825 in February of 2015 and up 33.1% from
2014.
$237,429 last month. February 2016 ASP was at
the highest level compared to February of 2015 and
2014.

Inventory & MSI

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

21
23

31
28

16

31
28

16

37
37
35

43

37
37
35

21
23

17
18
17

17
18
17

22
22
19
19
20
20
24
24
17
17
13
13
15
15
21
21
20
20
22
22
29
29
34
34
27
27
36
36
36
36
36
36
29
29
25
25
23
23
20
20
23
23
23
23
22
22
35
35

43

50
The Total Inventory of Properties available for sale as of
Total Inventory & Month's Supply of Inventory (MSI)
February was 16, down 30.4% from 23 last month and
45
Inventory
& MSI
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
down 30.4% from
23 in February of last year. February
40
50
The
Total
Inventory
available
for sale
as of
2016
Inventory
wasof
atProperties
its lowest level
compared
with
35
February
16, down
30.4% from 23 last month and
45
Februarywas
of 2015
and 2014.
30
down 30.4% from 23 in February of last year. February
40
25
2016 Inventory was at its lowest level compared with
35
20
February
of 2015 and
2014.
A comparatively
lower
MSI is more beneficial for sellers
30
15
while a higher MSI is better for buyers. The February
25
10
2016 MSI of 1.8 months was at a mid level compared
205
Awith
comparatively
more beneficial for sellers
February oflower
2015MSI
and is
2014.
150
while a higher MSI is better for buyers. The February
10 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 1.8 months was at a mid level compared
14
15
16
5 13
with
February
of 2015
and| Price
2014.Range: All | Property Types: SFH -0Condo
Copyright
© Coldwell
Banker

Data is provided courtesy of Metropolitan Regional Information Services Incorporated, The Coastal Association
andN
Sussex
M A M ofJRealtors
J A MLS
S O
D JCounty
F Mof Realtors
A M JMLSJ and
A may
S not
O reflect
N DallJrelevant
F Mreal
A estate
M Jactivity.
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 or13
seller to verify any and all information 14
relevant to such consumer’s real estate transaction.
15
16

Copyright © Coldwell Banker | Price Range: All | Property Types: SFH - Condo

Data is provided
Metropolitan
Incorporated,
68
| 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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