MA ARCHIVED February 2016 | Page 75
Spotsylvania
MARKET ACTION REPORT
County: Spotsylvania
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 70, down 4.1% from 73 days last
month and down 29.3% from 99 days in February of
last year. The February 2016 DOM was at its lowest
level compared with February of 2015 and 2014.
Average Days on Market (Listing to Contract) for properties sold during the month
120
3 Mo Avg
99
100
72
80
70
60
40
20
0
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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 $114
was down 7.1% from $122 last month and down 11.6%
from 129 in February of last year.
Average Selling Price per Square Foot for properties that sold during the month
150
145
140
135
130
125
120
115
110
105
100
3 Mo Avg
129
114
105
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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
97.9% was down from 98.3% last month and up from
97.2% in February of last year.
Avg Selling Price divided by Avg Listing Price for sold properties during the month
100%
99%
3 Mo Avg
98.5%
99%
97.9%
98%
97.2%
98%
97%
97%
96%
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Inventory / New Listings / Sales
900
800
This last view of the market combines monthly
inventory of Properties for sale along with New Listings 700
600
and Sales. The graph shows the basic annual
seasonality of the market as well as the relationship
500
between these items. The number of New Listings in
400
February 2016 was 226, up 58.0% from 143 last month 300
and up 29.1% from 175 in February of last year.
200
100
0
Inventory / New Listings / Sales
New Listings
Sales
535
549
605
622
617
687
704
676
622
588
559
550
611
685
728
803
843
819
780
722
655
602
589
577
633
706
768
784
794
778
754
695
616
559
501
486
Inventory
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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.
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