Monday May 3, 2010

Jeff Gaffney's Executive EARLYSVILLE, VA

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 599,900 ≠≠
Asking Price Per Square Foot $ 195 ==
The median list price in EARLYSVILLE, VA this week is $599,900. Average Days on Market (DOM) 94 ≠≠
Percent of Properties with Price Decrease 21 %
Percent Relisted (reset DOM) 7%
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties Percent Flip (price increased) 3%
come available, these are positive trends for the market. Median House Size (sq ft) 3010
Median Lot Size 2.5 - 5.0 acres
Median Number of Bedrooms 4.0
Median Number of Bathrooms 4.0

Supply and Demand Market Action Index Strong Buyer's 14.3 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off = Slight upward trend ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch prices
as the market transitions from a Buyer's market to a Seller's market.

Price
Market Action Index This week prices remained relatively flat. However the recent
trends have us pulling back from the market's high points. The
Market Action Index is a good leading indicator for the durability
of this trend.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
2.5 - 5.0
Top/First $ 995,000 4191 acres 4.0 5.0 6 21 3 0 102 Most expensive 25% of properties

2.5 - 5.0
Upper/Second $ 649,450 3314 acres 4.0 4.0 3 22 5 0 111 Upper-middle 25% of properties

2.5 - 5.0
Lower/Third $ 568,450 2857 acres 4.0 3.0 9 22 10 4 53 Lower-middle 25% of properties

1.0 - 2.5
Bottom/Fourth $ 322,450 2102 acres 3.0 3.0 28 22 1 3 109 Least expensive 25% of properties

Jeff Gaffney | Real Estate III | 434-981-1882

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