MA ARCHIVED February 2016

Spotsylvania MARKET ACTION REPORT MARKET ACTION REPORT County: Spotsylvania County: Spotsylvania 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*: $339,938 7% Median List Price of all Current Listings 11% LY Market Profile Overview Month LM YTD Prior YTD Prior Year $404,196 Average List Price of& allTrends Current Listings 7% L3M PYM 13% $339,938 Median List Price of all Current Listings 7% 11% $242,500 $250,000 February Median Sales Price -7% -4% 1% -3% 2% 0% $404,196 Average List Price of all Current 7% $265,778 -6% $274,649 February Average Sales Price Listings -6% 13% -6% -6% -0% -3% $242,500 $250,000 February Median Currently Sales Price 1% -3% 2% 0% 486 -7% Total Properties for Sale (Inventory) -3% -4% -16% $265,778 $274,649 February Average Sales Price -6% -6% -6% -6% -0% -3% 92 -7% 191 February Number of Properties Sold 1% 7% 486 Total Properties Currently Sale (Inventory) 70 -3% 71 February Average Days onfor Market (Solds) -4% -14% -16% -29% 1% -23% 3% 92 -7% 191 February Number of Properties Sold on New Listings) 1% 7% $129 $132 Asking Price per Square Foot (based -6% -4% 2% -1% 2% 2% 70 -4% 71 February Days Market (Solds) 1% -23% 3% $114 $118 FebruaryAverage Sold Price peron Square Foot -7% -14% -7% -29% -12% -8% -4% -4% $129 $132 5.3 -6% 5.2 Asking Price per Square Foot (based on New Listings) -4% -17% 2% -1% 2% 2% February Month's Supply of Inventory 4% 15% 7% -21% 5% $114 -.4% $118 1.1% 97.9% 98.5% February Square -7% -7% -8% -4% -4% FebruarySold SalePrice Priceper vs List PriceFoot Ratio .1% -12% .7% .2% .8% * 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)-21% February Month's Supply of Inventory 4% 15% -17% 7% 5% of Properties 97.9% -.4% .1% Number 98.5% Sold February Sale Price vs List Price Ratio .7% .2% 1.1% .8% 3 Mo Avg * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 250 / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat) Property Sales The Median Sales Price in February was $242,500, up 1.0% from $240,000 in February of 2015 and Prices down 6.7% from $260,000 last month. The The Median Sales Price in February was $242,500, Average Sales Price in February was $265,778, up 1.0% from $240,000 in February of 2015 and down 5.6% from $281,585 in February of 2015 and down 6.7% from $260,000 last month. The down 6.1% from $282,893 last month. February Average Sales Price in February was $265 ,778, 2016 ASP was at a mid range compared to February down 5.6% from $281,585 in February of 2015 and of 2015 and 2014. down 6.1% from $282,893 last month. February 2016 ASP was at a mid range compared to February of 2015 and 2014. Inventory & MSI 3 Mo Avg 150 200 50 100 0 50 123 126 160 168 185 145 134 116 113 112 80 89 123 129 162 164 151 139 129 137 108 108 88 91 135 142 164 200 176 159 158 142 113 163 99 92 100 150 0 Prices Number of Properties Sold 200 250 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 16 123 126 160 168 185 145 134 116 113 112 80 89 123 129 162 164 151 139 129 137 108 108 88 91 135 142 164 200 176 159 158 142 113 163 99 92 February Property sales were 92, up 1.1% from 91 in February ofSales 2015 and 7.1% lower than the 99 sales Property last month. February were at their February Property sales2016 weresales 92, up 1.1% from 91 in highest level compared to February of 2015 February of 2015 and 7.1% lower than the 99and sales 2014. February YTD sales 191were are running last month. February 2016 of sales at their 6.7% ahead of last year's year-to-date sales of 179. highest level compared to February of 2015 and 2014. February YTD sales of 191 are running 6.7% ahead of last year's year-to-date sales of 179. 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) 13 300 290 Median Sales Price and Average Sales Price 280 (000's) 3 Mo Avg Median means Middle (the same # of properties sold above and below the Median) 300 270 290 260 280 250 270 240 260 230 250 220 240 210 230 200 220 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 16 210 13 200 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 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 535 535 549 549 605 605 622 622 617 617 687 687 704 704 676 676 622 622 588 588 559 559 550 550 611 611 685 685 728 728 803 803 843 843 819 819 780 780 722 722 655 655 602 602 589 589 577 577 633 633 706 706 768 768 784 784 794 794 778 778 754 754 695 695 616 616 559 559 501 501 486 486 900 The Total Inventory of Properties available for sale as of Total Inventory & Month's Supply of Inventory (MSI) February was 486, down 3.0% from 501 last month and 800 Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace down 15.8% from 577 in February of last year. February 700 900 The Total Inventory available for sale as of 2016 Inventory wasof atProperties its lowest level compared with 600 February 486,and down 3.0% from 501 last month and Februarywas of 2015 2014. 800 500 down 15.8% from 577 in February of last year. February 700 400 2016 Inventory was at its lowest level compared with 600 300 February of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers 500 while a higher MSI is better for buyers. The February 200 2016 MSI of 5.3 months was at its lowest level compared 400 100 300 Awith comparatively more beneficial for sellers February oflower 2015MSI and is 2014. 0 while a higher MSI is better for buyers. The February 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 2016 MSI of 5.3 months was at its lowest level compared 14 15 16 100 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 M A Mof Realtors J J AMLS S and O Sussex N D County J F of MRealtors A M MLS J JandAmay S not Oreflect N Dall relevant J F MrealAestate 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 or seller 13 to 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 74 | ccourtesy o l dofw e l l bRegional a n kInformation e r h oServices m e sIncorporated, . 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

MA ARCHIVED February 2016 | Page 74