MA ARCHIVED February 2016

MARKET ACTION REPORT MARKET ACTION REPORT County: Stafford County: Stafford Stafford 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*: $394,900 3% Median List Price of all Current Listings 3% LY Market Profile Overview Month LM YTD Prior YTD Prior Year $428,501 Average List Price of& allTrends Current Listings 2% L3M PYM 4% $394,900 Median List Price of all Current Listings 3% 3% $307,305 $309,000 February Median Sales Price -1% -3% 1% -5% -4% -5% $428,501 Average List Price of all Current 4% -5% $315,411 2% $312,548 February Average Sales Price Listings 2% -3% -1% -6% -6% $307,305 $309,000 February Median Currently Sales Price 1% -5% -4% -5% 519 -1% Total Properties for Sale (Inventory) -2% -3% -19% $315,411 $312,548 February Average Sales Price 2% -3% -1% -5% -6% -6% 89 -13% 191 February Number of Properties Sold -2% 4% 519 Total Properties Currently Sale (Inventory) 75 -2% 72 February Average Days onfor Market (Solds) 9% 7% -19% -11% 17% -11% 13% 89 -13% 191 February Number of Properties Sold on New Listings) 4% $138 $139 Asking Price per Square Foot (based -2% 1% -2% 8% 5% 8% 5% 75 9% 72 February Days Market (Solds) 7% -11% -11% 13% $122 $122 FebruaryAverage Sold Price peron Square Foot 1% -0% -4% 17% -1% -1% -2% $138 $139 5.8 13% 5.5 Asking Price per Square Foot (based on New Listings) -2% 15% 1% -17% 8% 11% 5% 8% 5% February Month's Supply of Inventory -21% 5% $122 .7% $122 98.3% 98.1% February Square 1% -0% -1% -1% -2% FebruarySold SalePrice Priceper vs List PriceFoot Ratio .1% -4% .7% .1% -.1% -.2% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) / YTD = Year-to-date |5.8 Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged 5.5 (flat)-21% February Month's Supply of Inventory 13% 15% -17% 11% 5% of Properties 98.3% .7% .1% Number 98.1% Sold February Sale Price vs List Price Ratio .7% .1% -.1% -.2%3 Mo Avg * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2015) 300 / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat) 0 Prices The Median Sales Price in February was $307,305, up 0.8% from $305,000 in February of 2015 and Prices down 0.7% from $309,450 last month. The The Median Sales Price in February was $307,305, Average Sales Price in February was $315,411, down up 0.8% from $305,000 in February of 2015 and 0.9% from $318,226 in February of 2015 and up down 0.7% from $309,450 last month. The 1.7% from $310,050 last month. February 2016 Average Sales Price in February was $315,411, down ASP was at a mid range compared to February of 0.9% from $318,226 in February of 2015 and up 2015 and 2014. 1.7% from $310,050 last month. February 2016 ASP was at a mid range compared to February of 2015 and 2014. Inventory & MSI Number of Properties Sold 3 Mo Avg 122 135 186 180 187 184 103 99 106 111 77 83 132 138 152 190 187 157 118 118 102 112 92 91 149 146 171 247 192 177 160 134 100 140 102 89 250 300 200 250 150 200 100 150 50 100 0 50 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 16 122 135 186 180 187 184 103 99 106 111 77 83 132 138 152 190 187 157 118 118 102 112 92 91 149 146 171 247 192 177 160 134 100 140 102 89 Property Sales February Property sales were 89, down 2.2% from 91 in February of 2015 and 12.7% lower than the Property Sales 102 salesProperty last month. February sales were at a February sales were 89,2016 down 2.2% from mid level compared to February of 2015 and 2014. 91 in February of 2015 and 12.7% lower than the February YTD sales ofFebruary 191 are running 4.4% ahead 102 sales last month. 2016 sales were at a of last year's year-to-date sales of 183. mid level compared to February of 2015 and 2014. February YTD sales of 191 are running 4.4% ahead of last year's year-to-date sales of 183. 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) 13 350 340 Median Sales Price and Average Sales Price 330 (000's) 3 Mo Avg Median means Middle (the same # of properties sold above and below the Median) 350 320 340 310 330 300 320 290 310 280 300 270 290 260 280 250 270 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 16 260 13 250 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 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 508 508 513 513 548 548 616 616 629 629 693 693 711 711 724 724 682 682 656 656 625 625 648 648 698 698 783 783 815 815 824 824 843 843 832 832 797 797 775 775 702 702 653 653 636 636 642 642 710 710 797 797 806 806 827 827 878 878 810 810 803 803 756 756 677 677 586 586 527 527 519 519 1,000 The Total Inventory of Properties available for sale as of Total Inventory & Month's Supply of Inventory (MSI) February was 519, down 1.5% from 527 last month and 900 Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace down 19.2% from 642 in February of last year. February 800 1,000 The Total Inventory available for sale as of 2016 Inventory wasof atProperties its lowest level compared with 700 February 519, and down 1.5% from 527 last month and 900 Februarywas of 2015 2014. 600 down 19.2% from 642 in February of last year. February 800 500 2016 Inventory was at its lowest level compared with 700 400 February of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers 600 300 while a higher MSI is better for buyers. The February 500 200 2016 MSI of 5.8 months was at its lowest level compared 400 100 Awith comparatively more beneficial for sellers February oflower 2015MSI and is 2014. 3000 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 5.8 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 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 76 | 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. 9 8 7 9 6 8 5 7 4 6 3 5 2 4 1 3 0 2 1 0

MA ARCHIVED February 2016 | Page 76