QUARTER END MARKET UPDATE
Q2 2017
Urban Pace is pleased to present its 2017 Second Quarter End Market Report. In the report you will find information on how to best invest your development resources, improve underwriting and drive optimum investment and profit decisions. As we continue to deliver our development marketing, sales, and leasing advisory services, we are expanding our reach across the Mid-Atlantic. Over the past year, Urban Pace has seen record sales pricing and velocity and we credit some of that success to our new affiliations with Christie’s International Real Estate and Long & Foster’s Asia Pacific initiatives. Paired with our proprietary technology – UPVelocity™ – we have an unmatched reach to luxury and global markets giving us a track record of extraordinary results.
Natasha Stancill
Clint Mann
Pam Zandy
Matt Dewey
VP of Business Relations
President
VP of Marketing
President
URBAN PACE MARKET INSIGHTS CONTENTS
02 | EXECUTIVE SUMMARY 03 | WASHINGTON, DC METRO AREA OVERVIEW 06 | WASHINGTON, DC MARKET STATISTICS 08 | ALEXANDRIA, VA MARKET STATISTICS 10 | ARLINGTON, VA MARKET STATISTICS 12 | FAIRFAX, VA MARKET STATISTICS 14 | TYSONS, VA MARKET STATISTICS 16 | LOUDOUN, VA MARKET STATISTICS 18 | MONTGOMERY, MD MARKET STATISTICS 20 | BETHESDA, MD MARKET STATISTICS 22 | SILVER SPRING, MD MARKET STATISTICS 24 | PRINCE GEORGE’S, MD MARKET STATISTICS 26 | BALTIMORE, MD MARKET STATISTICS
EXECUTIVE SUMMARY At Mid-Year 2017, the Washington, DC Metro Area experienced continued growth, at slightly higher numbers than we have seen in previous years. Sales volume in the region was up 11.59% year-over-year (YOY), with average prices up 5.04% YOY from $500,114 to $525,299. Days on market were down from 54 days to 45 days YOY. While these numbers show positive growth in the market, they are slightly below expectations given the incredible year-over-year activity we saw at the end of the first quarter. At the end of Q1 2017, the Washington, DC real estate market experienced exceptional growth in virtually every submarket. Home sales in the District saw the largest growth with sales volume up 33.6% YOY and average prices up 11.3% YOY from $608,624 to $677,408. Total volume was also up 20% to 1,916 homes sold with days on market down from 46 days to 42 days. Included in this Market Report you will see that while all submarkets saw positive growth in the second quarter 2017, they were not at the same levels as the first quarter. For comparison purposes, home sales in the District saw sales volume up 3.68% YOY for Q2 2017, compared to the previously mentioned 33.6% increase. As this trend can be seen in virtually all Washington, DC submarkets, it can be concluded that the activity seen in the first quarter was really an acceleration of the normal Spring market. Washington’s abnormally mild winter and anticipation of increasing mortgage rates brought consumers into the market earlier than we have seen in previous years. Blended year-over-year comparisons for first half 2016 vs. first half 2017 in the District show an increase of total sales volume of 14.53% with an average sales price of $690,872, up 6.29% from the first half 2016. At Mid-Year 2017, the only two submarkets to experience negative growth are Bethesda and Tysons/McLean. While year-over-year volume for Bethesda was up 10.3% and 8.06% for McLean/Tysons, both markets saw negative growth in average sales price. The average sales price for McLean/Tysons was down 8.31% to $1,003,476 while the average for Bethesda remained flat, with a decrease of only 1% down to $975,653. This trend has had a negative impact on new homes sales in the same markets as owners are finding it difficult to sell their homes at their expected pricing. Other than the two markets listed above, Mid-Year 2017 saw positive growth in sales volume, units sold, and average price with decreased days on market in virtually every other submarket. Lack of inventory has created pricing pressure, with limited new construction opportunities currently on the market. Rising construction costs have also caused some developments to temporarily pause, further compounding future supply issues. The clear strength of the Washington, DC real estate market shows opportunity for further residential development prospects in select submarkets. Please contact Urban Pace at any time for further market research or consulting services.
02
Q2 2017 METRO AREA OVERVIEW WASHINGTON DC METRO AREA
Median Sales Price
% Change
Q2 2017 Unit Sales
% Change
$450,000
+4.65
16,704
+1.96
DC Metro Area Spotlight Q2 2017
Change from Q2 2016
Sold Dollar Volume
$9,099,697,955
6.17%
Average Sold Price
$544,762
4.13%
35
-16.67%
$550,904
4.04%
Average SP to OLP Ratio
98.7%
0.55%
Ratio of Average SP to Average OPL
98.3%
0.50%
Attached Average Sold Price
$442,148
3.74%
Detached Average Sold Price
$651,608
4.53%
Attached Units Sold
8,509
2.30%
Detached Units Sold
8,191
1.63%
Average Days on Market Average List Price for Sold Homes
03
Days on Market (Sold) 1400
1200
1000
800
600
400
200
0
MARKET STATISTICS
0
1 to 10
11 to 20
21-30
31-60
61-90
91-120
121-180
181 - 360
361-720
721+
Financing (Sold)
WASHINGTON, DC | Q2 2017
2000
69%
1800 1600
Sold Summary
1400
Q2 2017
Q2 2016
% Change
1200
$1,797,885,288
$1,731,649,267
3.83%
1000
Avg Sold Price
$700,930
$671,442
4.39%
Median Sold Price
$566,000
$550,000
2.91%
2565
2579
-0.54%
31
34
-8.82%
$702,983
$672,999
4.46%
99.70%
99.30%
0.40%
Sold Dollar Volume
800
Units Sold Avg Days on Market Avg List Price for Solds Avg SP to OLP Ratio
19%
600 400 200 0
0% Assumption
Cash
Conventional
Sold Detail 2 or Less BR
04
5%
FHA
Other
<1% Owner
Active Detail Residential
$0K - $399,999
4%
Condo/Coop
3 BR
4 or More BR
All
Active Listings Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
15
23
35
99
15
29
497
46
910
267
$400K-$599,999
10
31
36
90
25
36
380
45
88
179
$600K-$999,999
10
56
46
173
63
131
294
65
159
201
$1,000,000+
2
11
23
55
124
150
64
138
137
83
Total
37
121
140
417
227
346
1235
294
1294
730
Avg Sold Price
$493,343
$551,972
$655,140
$667,155
$1,360,181 $1,059,894
$523,331
Prev Year Avg Sold Price
$476,924
$546,830
$690,752
$657,806
$1,210,115 $1,018,811
$508,142
Avg Sold % Change
3.44%
0.94%
-5.16%
1.42%
12.40%
4.03%
2.99%
Perv Year - # Solds
52
174
116
409
249
313
1262
3% VA
Condo & Coop
METRO AREA SNAPSHOTS WASHINGTON, DC
Attached / Townhouse
New Listings
New Listings
1,782
1,338
New Pendings
New Pendings
1,338
1,077
Closed Sales
Closed Sales
1,211
918
Median Sold Price
Median Sold Price
$455,667
$695,000
Active Listings*
Active Listings*
686
425
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
34
24
Average Sold/OLP
Average Sold/OLP
99.2%
100.6%
05
Days on Market (Sold) 900 800 700 600 500 400 300 200 100 0
MARKET STATISTICS
0
1 to 10
11 to 30
21-30
31-60
61-90
91-120
121-180
181 - 360
361-720
721+
Financing (Sold)
ALEXANDRIA, VA | Q2 2017
1200
60% 1000
Sold Summary
800
Q2 2017
Q2 2016
% Change
$898,977,729
$837,428,925
7.35%
Avg Sold Price
$520,543
$505,694
2.94%
400
Median Sold Price
$473,000
$475,000
-0.42%
200
1727
1656
4.29%
Sold Dollar Volume
Units Sold Avg Days on Market Avg List Price for Solds Avg SP to OLP Ratio
600
0
30
40
-25.00%
$525,494
$512,072
2.62%
98.6%
97.9%
0.72%
18% 10%
8% 3%
<1% Assumption
Cash
Conventional
Sold Detail 2 or Less BR
06
<1%
Other
Owner
Active Detail Residential
$0K - $399,999
FHA
Condo/Coop
3 BR
4 or More BR
All
Active Listings Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
16
43
21
52
7
8
499
16
50
253
$400K-$599,999
1
52
82
193
126
21
77
112
105
50
$600K-$999,999
5
20
69
99
189
20
31
194
70
30
$1,000,000+
2
2
2
22
44
18
6
94
38
8
Total
24
117
174
366
366
67
613
416
263
341
Avg Sold Price
$452,256
$479,719
$590,282
$583,367
$723,482
$876,115
$313,672
Prev Year Avg Sold Price
$432,629
$501,700
$557,992
$560,682
$709,561
$665,506
$312,119
Avg Sold % Change
4.54%
-4.38%
5.79%
4.05%
1.96%
31.65%
0.50%
Perv Year - # Solds
26
124
175
336
366
62
567
VA
Condo & Coop
METRO AREA SNAPSHOTS ALEXANDRIA, VA
Attached / Townhouse
New Listings
New Listings
751
791
New Pendings
New Pendings
619
602
Closed Sales
Closed Sales
585
564
Median Sold Price
Median Sold Price
$356,733
$456,333
Active Listings*
Active Listings*
294
272
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
32
25
Average Sold/OLP
Average Sold/OLP
98.53%
99.13%
07
Days on Market (Sold) 500 450 400 350 300 250 200 150 100 50 0
MARKET STATISTICS
0
1 to 10
11 to 20
21-30
31-60
61-90
91-120
121-180
181 - 360
361-720
721+
Financing (Sold)
ARLINGTON, VA | Q2 2017
67%
700 600
Sold Summary
500
Q2 2017
Q2 2016
% Change
$672,167,235
$591,891,496
13.56%
Avg Sold Price
$685,885
$649,716
5.57%
Median Sold Price
$617,500
$563,000
9.68%
980
911
7.57%
Sold Dollar Volume
Units Sold Avg Days on Market Avg List Price for Solds Avg SP to OLP Ratio
400 300 200
0
33
42
-21.43%
$691,151
$654,719
5.56%
98.50%
98.20%
0.26%
14%
11%
100
0% Assumption
Cash
Conventional
Sold Detail 2 or Less BR
08
5%
FHA
Other
<1% Owner
Active Detail Residential
$0K - $399,999
3%
Condo/Coop
3 BR
4 or More BR
Active Listings
All
Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
2
5
0
3
0
0
248
1
1
147
$400K-$599,999
12
15
15
13
4
0
153
12
5
61
$600K-$999,999
12
5
116
31
95
13
70
86
11
59
$1,000,000+
0
0
9
13
134
4
8
136
16
25
Total
26
25
140
60
233
17
479
235
33
292
Avg Sold Price
$570,644
$485,971
$781,201
$828,009
$1,165,694
$879,235
$416,663
Prev Year Avg Sold Price
$598,787
$516,100
$759,664
$792,760
$1,135,207
$794,429
$408,905
Avg Sold % Change
-4.72%
-5.84%
2.84%
4.45%
2.69%
10.68%
1.90%
Perv Year - # Solds
28
19
141
41
199
7
475
VA
Condo & Coop
METRO AREA SNAPSHOTS ARLINGTON, VA
Attached / Townhouse
New Listings
New Listings
221
32
New Pendings
New Pendings
182
27
Closed Sales
Closed Sales
172
28
Median Sold Price
Median Sold Price
$390,317
$726,193
Active Listings*
Active Listings*
285
36
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
34
26
Average Sold/OLP
Average Sold/OLP
98.10%
99.83%
09
Days on Market (Sold) 3000
2500
2000
1500
1000
500
0
MARKET STATISTICS
0
1-10
11-20
21-30
61-90
Sold Summary Q2 2016
% Change
$3,050,625,205
$2,836,974,460
7.53%
Avg Sold Price
$574,614
$561,110
2.41%
Median Sold Price
$516,000
$500,000
3.20%
5309
5056
5.00%
2000 1500
13%
10%
8%
34
41
-17.07%
$581,368
$568,359
2.29%
98.5%
98.00%
0.52%
0
Assumption
Cash
Conventional
FHA
<1%
Other
Owner
Active Detail Residential 2 or Less BR
10
4%
<1%
Sold Detail Condo/Coop
3 BR
4 or More BR
All
Active Listings Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
$0K - $399,999
22
125
48
348
16
45
902
45
151
481
$400K-$599,999
19
40
303
594
667
142
98
409
259
94
$600K-$999,999
3
2
105
105
1290
40
22
940
102
40
$1,000,000+
0
0
5
1
360
4
3
788
9
14
44
167
461
1048
2333
231
1025
2182
521
629
Avg Sold Price
$404,961
$361,369
$529,307
$455,892
$787,313
$510,252
$288,784
Prev Year Avg Sold Price
$346,110
$339,290
$514,136
$451,600
$768,559
$490,878
$288,700
Avg Sold % Change
17.00%
6.51%
2.95%
0.95%
2.44%
3.95%
0.03%
Perv Year - # Solds
37
186
470
1023
2185
221
934
Total
721+
2500
500
Avg SP to OLP Ratio
361-720
65%
1000
Avg List Price for Solds
181 - 360
3000
Q2 2017
Avg Days on Market
121-180
4000 3500
Units Sold
91-120
Financing (Sold)
FAIRFAX, VA | Q2 2017
Sold Dollar Volume
31-60
VA
Condo & Coop
METRO AREA SNAPSHOTS FAIRFAX, VA
Attached / Townhouse
New Listings
New Listings
1,403
1,853
New Pendings
New Pendings
1,084
1,561
Closed Sales
Closed Sales
1,009
1,425
Median Sold Price
Median Sold Price
$267,000
$427,067
Active Listings*
Active Listings*
587
462
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
39
17
Average Sold/OLP
Average Sold/OLP
97.6%
99.57%
11
Days on Market (Sold) 100 90 80 70 60 50 40 30 20 10 0
MARKET STATISTICS
0
1 to 10
11 to 20
21 to 30
31 to 60
61 to 90
91 to 120 121 to 180 181 to 360 361 to 720
721+
Financing (Sold)
TYSONS, VA | Q2 2017
62%
200 180 160
Sold Summary
140 120
Q2 2017
Q2 2016
% Change
$319,278,800
$291,645,820
9.47%
$1,046,816
$1,104,719
-5.24%
60
$880,000
$960,705
-8.40%
40
Units Sold
305
264
15.53%
Avg Days on Market
88
69
27.54%
$1,081,197
$1,134,253
-4.68%
96.10%
96.30%
-0.15%
Sold Dollar Volume Avg Sold Price Median Sold Price
Avg List Price for Solds Avg SP to OLP Ratio
100
27%
80
20 0
8% 1%
0% Assumption
Cash
Conventional
Sold Detail 2 or Less BR
12
FHA
Other
Owner
Active Detail Residential
$0K - $399,999
0%
Condo/Coop
3 BR
4 or More BR
Active Listings
All
Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
0
0
0
0
0
0
72
2
0
29
$400K-$599,999
0
0
0
0
0
0
18
0
0
11
$600K-$999,999
1
0
8
17
56
1
8
22
11
12
$1,000,000+
0
0
3
0
116
2
3
227
8
6
Total
1
0
11
17
172
3
101
251
19
58
Avg Sold Price
$800,000
$0
$859,559
$758,411
$1,476,264 $1,289,000
$379,666
Prev Year Avg Sold Price
$700,000
$0
$903,333
$878,463
$1,421,918 $1,332,500
$403,658
Avg Sold % Change
14.29%
0.00%
-4.85%
13.67%
3.82%
3.26%
5.94%
Perv Year - # Solds
1
0
15
16
163
4
65
2% VA
Condo & Coop
METRO AREA SNAPSHOTS TYSONS, VA
Attached / Townhouse
New Listings
New Listings
105
27
New Pendings
New Pendings
93
25
Closed Sales
Closed Sales
99
20
Median Sold Price
Median Sold Price
$320,963
$784,492
Active Listings*
Active Listings*
66
18
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
72
42
Average Sold/OLP
Average Sold/OLP
95.9%
97.47%
13
Days on Market (Sold) 1200
1000
800
600
400
200
0
MARKET STATISTICS
0
1-10
11-20
21-30
Sold Summary Q2 2016
% Change
$1,121,262,393
$1,013,400,264
10.64%
Avg Sold Price
$511,758
$484,881
5.54%
Median Sold Price
$474,999
$444,000
6.98%
Avg SP to OLP Ratio
721+
800 600 400
2191
2090
4.83% 0
31
40
-22.50%
$517,488
$491,342
5.32%
98.7%
98.10%
0.53%
12%
9%
10% 5%
0% Assumption
0% Cash
Conventional
FHA
Other
Owner
Active Detail Residential 2 or Less BR
14
361-720
1000
Sold Detail
$0K - $399,999
181 - 360
64%
200
Avg List Price for Solds
121-180
1200
Q2 2017
Avg Days on Market
91-120
1600 1400
Units Sold
61-90
Financing (Sold)
LOUDOUN, VA | Q2 2017
Sold Dollar Volume
31-60
Condo/Coop
3 BR
4 or More BR
All
Active Listings Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
14
34
72
457
33
41
287
52
59
115
$400K-$599,999
6
2
91
313
212
120
19
215
153
21
$600K-$999,999
0
0
18
12
530
27
6
667
51
9
$1,000,000+
1
0
1
0
45
0
0
206
3
0
Total
21
36
182
782
820
188
312
1140
266
145
Avg Sold Price
$367,177
$329,145
$449,650
$421,237
$667,416
$477,664
$294,333
Prev Year Avg Sold Price
$350,863
$297,729
$450,161
$398,564
$640,912
$435,512
$272,402
Avg Sold % Change
4.65%
10.55%
-0.11%
5.69%
4.14%
9.68%
8.05%
Perv Year - # Solds
28
34
170
552
847
178
281
VA
Condo & Coop
METRO AREA SNAPSHOTS LOUDOUN, VA
Attached / Townhouse
New Listings
New Listings
385
944
New Pendings
New Pendings
311
804
Closed Sales
Closed Sales
302
742
Median Sold Price
Median Sold Price
$283,333
$423,400
Active Listings*
Active Listings*
140
233
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
31
16
Average Sold/OLP
Average Sold/OLP
98.67%
99.5%
15
Days on Market (Sold) 2000 1800 1600 1400 1200 1000 800 600 400 200 0
MARKET STATISTICS
0
1 to 10
11 to 20
21 to 30
Sold Summary Q2 2016
% Change
$2,157,093,494
$2,146,875,587
0.48%
Avg Sold Price
$545,547
$529,048
3.12%
1000
Median Sold Price
$440,000
$422,000
4.27%
500
3954
4058
-2.56%
39
47
-17.02%
$552,994
$537,793
2.83%
98.40%
97.60%
0.85%
Avg List Price for Solds Avg SP to OLP Ratio
63%
1500
14%
0
12% 6%
Assumption
Cash
Conventional
FHA
Other
Owner
Active Detail Residential 2 or Less BR
16
<1%
<1%
Sold Detail
$0K - $399,999
721+
2000
Q2 2017
Avg Days on Market
91 to 120 121 to 180 181 to 360 361 to 720
3000 2500
Units Sold
61 to 90
Financing (Sold)
MONTGOMERY, MD | Q2 2017
Sold Dollar Volume
31 to 60
Condo/Coop
3 BR
4 or More BR
All
Active Listings Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
45
53
191
396
178
85
697
131
207
470
$400K-$599,999
7
3
198
124
600
44
88
419
123
87
$600K-$999,999
5
0
106
55
632
36
39
560
76
32
$1,000,000+
0
0
11
3
329
6
23
581
36
36
Total
57
56
506
578
1739
171
847
1691
442
625
Avg Sold Price
$342,885
$262,319
$495,100
$379,160
$753,083
$473,254
$310,090
Prev Year Avg Sold Price
$340,876
$257,660
$480,746
$370,019
$735,975
$452,943
$300,067
Avg Sold % Change
0.59%
1.81%
2.99%
2.47%
2.32%
4.48%
3.34%
Perv Year - # Solds
72
70
502
615
1772
151
876
5% VA
Condo & Coop
METRO AREA SNAPSHOTS MONTGOMERY, MD
Attached / Townhouse
New Listings
New Listings
1,187
1,120
New Pendings
New Pendings
929
946
Closed Sales
Closed Sales
825
794
Median Sold Price
Median Sold Price
$239,800
$344,167
Active Listings*
Active Listings*
584
403
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
45
27
Average Sold/OLP
Average Sold/OLP
97.37%
99.03%
17
Days on Market (Sold) 160 140 120 100 80 60 40 20 0
MARKET STATISTICS
0
1 to 10
11 to 20
21-30
31-60
61-90
91-120
121-180
181 - 360
361-720
721+
Financing (Sold)
BETHESDA, MD | Q2 2017
69%
300 250
Sold Summary
200
Q2 2017
Q2 2016
% Change
$399,640,106
$397,523,807
5.30%
Avg Sold Price
$974,732
$1,003,848
-2.90%
100
Median Sold Price
$880,000
$880,900
-0.10%
50
410
396
3.54%
Sold Dollar Volume
Units Sold Avg Days on Market Avg List Price for Solds Avg SP to OLP Ratio
150
0
52
47
10.64%
$985,380
$1,024,998
-3.87%
97.80%
97.50%
0.34%
22%
7% 1%
0% Assumption
Cash
Conventional
Sold Detail 2 or Less BR
18
Other
Owner
Active Detail Residential
$0K - $399,999
0%
FHA
Condo/Coop
3 BR
4 or More BR
Active Listings
All
Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
0
0
0
0
0
0
58
2
1
48
$400K-$599,999
0
0
4
3
0
0
21
1
0
14
$600K-$999,999
4
0
41
5
93
3
19
59
6
7
$1,000,000+
0
0
6
2
137
2
12
184
17
20
Total
4
0
51
10
230
5
110
246
24
89
Avg Sold Price
$642,250
$0
$830,657
$842,155
$1,214,686 $1,021,940
$561,805
Prev Year Avg Sold Price
$694,200
$0
$828,372
$930,851
$1,221,204
$635,000
$584,498
Avg Sold % Change
-7.48%
0%
0.28%
-9.53%
-0.53%
60.94%
-3.88%
Perv Year - # Solds
5
0
55
7
235
1
93
1% VA
Condo & Coop
METRO AREA SNAPSHOTS BETHESDA, MD
Attached / Townhouse
New Listings
New Listings
126
19
New Pendings
New Pendings
90
16
Closed Sales
Closed Sales
105
15
Median Sold Price
Median Sold Price
$396,333
$859,117
Active Listings*
Active Listings*
83
22
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
54
38
Average Sold/OLP
Average Sold/OLP
97.07%
96.53%
19
Days on Market (Sold) 500 450 400 350 300 250 200 150 100 50 0
MARKET STATISTICS
0
1-10
11-20
21-30
31-60
61-90
91-120
121-180
181 - 360
361-720
721+
Financing (Sold)
SILVER SPRING, MD | Q2 2017
600
58%
500
Sold Summary
400
Q2 2017
Q2 2016
% Change
$391,309,617
$378,787,399
3.31%
Avg Sold Price
$408,465
$386,124
5.79%
200
Median Sold Price
$400,000
$385,000
3.90%
100
958
981
-2.34%
32
40
-20.00%
$409,098
$388,701
5.25%
99.00%
98.20%
0.83%
Sold Dollar Volume
Units Sold Avg Days on Market Avg List Price for Solds Avg SP to OLP Ratio
300
0
16%
14%
Assumption
0% Cash
Conventional
Sold Detail 2 or Less BR
20
FHA
Other
Owner
Active Detail Residential
$0K - $399,999
7%
5% 0%
Condo/Coop
3 BR
4 or More BR
All
Active Listings Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
24
6
88
60
67
11
158
45
21
118
$400K-$599,999
4
0
87
22
240
7
9
156
19
10
$600K-$999,999
1
0
27
5
75
3
0
68
2
2
$1,000,000+
0
0
0
0
4
0
0
10
1
0
Total
29
6
202
87
386
21
167
279
43
130
Avg Sold Price
$324,509
$315,335
$449,826
$377,046
$515,047
$424,589
$214,143
Prev Year Avg Sold Price
$301,669
$255,436
$415,334
$382,823
$481,463
$393,792
$213,788
Avg Sold % Change
7.57%
23.45%
8.30%
-1.51%
6.98%
7.82%
0.17%
Perv Year - # Solds
36
8
198
76
408
20
235
VA
Condo & Coop
METRO AREA SNAPSHOTS SILVER SPRING, MD
Attached / Townhouse
New Listings
New Listings
292
148
New Pendings
New Pendings
273
136
Closed Sales
Closed Sales
222
112
Median Sold Price
Median Sold Price
$198,833
$356,998
Active Listings*
Active Listings*
133
40
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
36
22
Average Sold/OLP
Average Sold/OLP
97.83%
98.97%
21
Days on Market (Sold) 1000 900 800 700 600 500 400 300 200 100 0
MARKET STATISTICS
0
1 to 10
11 to 20
21 to 30
31 to 60
61 to 90
91 to 120 121 to 180 181 to 360 361 to 720
721+
Financing (Sold)
PRINCE GEORGE’S, MD | Q2 2017
1200
39%
1000
Sold Summary Q2 2017
Q2 2016
% Change
$809,697,825
$744,301,330
8.79%
Avg Sold Price
$285,306
$263,283
8.36%
400
Median Sold Price
$277,530
$253,500
9.48%
200
2838
2827
0.39%
Sold Dollar Volume
Units Sold Avg Days on Market Avg List Price for Solds Avg SP to OLP Ratio
28%
800 600
15%
0
40
48
-16.67%
$288,235
$265,617
8.52%
98.70%
98.30%
0.37%
10%
0% Assumption
0% Cash
Conventional
Sold Detail 2 or Less BR
22
FHA
Other
Owner
Active Detail Residential
$0K - $399,999
9%
Condo/Coop
3 BR
4 or More BR
All
Active Listings Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
92
53
555
414
938
79
299
787
260
159
$400K-$599,999
0
0
20
25
312
8
2
360
42
11
$600K-$999,999
0
0
1
0
38
0
2
107
2
11
$1,000,000+
0
0
0
0
0
0
0
14
0
1
Total
92
53
576
439
1288
87
303
1268
304
182
Avg Sold Price
$175,812
$207,972
$254,449
$259,047
$351,574
$275,703
$149,846
Prev Year Avg Sold Price
$152,820
$191,966
$228,100
$223,808
$329,358
$261,267
$143,283
Avg Sold % Change
15.05%
8.34%
11.55%
15.75%
6.75%
5.53%
4.58%
Perv Year - # Solds
67
54
636
390
1293
85
302
VA
Condo & Coop
METRO AREA SNAPSHOTS PRINCE GEORGE’S, MD
Attached / Townhouse
New Listings
New Listings
418
810
New Pendings
New Pendings
434
762
Closed Sales
Closed Sales
294
539
Median Sold Price
Median Sold Price
$127,063
$244,000
Active Listings*
Active Listings*
180
310
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
41
33
Average Sold/OLP
Average Sold/OLP
99.17%
99.13%
23
Days on Market (Sold) 700
600
500
400
300
200
100
0
MARKET STATISTICS
0
1 to 10
Sold Summary Q2 2016
% Change
$560,147,368
$497,054,443
12.69%
Avg Sold Price
$198,775
$189,788
4.74%
400
Median Sold Price
$164,250
$155,000
5.97%
200
2818
2619
7.60%
69
76
-9.21%
$216,382
$204,219
5.96%
94.90%
93.70%
1.19%
Avg List Price for Solds Avg SP to OLP Ratio
91 to 120 121 to 180 181 to 360 361 to 720
19%
600
8%
0
<1%
0% Assumption
Cash
Conventional
FHA
Other
Owner
Active Detail Residential 2 or Less BR
Condo/Coop
3 BR
4 or More BR
All
Active Listings Residential
Condo/Coop
Detached
Attached/TH
Detached
Attached/TH
Detached
Attached/TH
Attached
Detached
Attached/TH
Attached
$0K - $399,999
39
477
264
1093
225
259
166
461
2037
208
$400K-$599,999
1
10
17
68
39
48
22
57
106
33
$600K-$999,999
0
0
2
20
34
15
11
50
29
28
$1,000,000+
0
0
0
0
2
0
5
17
7
26
40
487
283
1181
300
322
204
585
2179
295
Avg Sold Price
$161,698
$184,828
$194,446
$158,414
$293,477
$240,724
$274,276
Prev Year Avg Sold Price
$129,308
$168,365
$189,026
$147,996
$297,708
$251,935
$267,467
Avg Sold % Change
25.05%
9.78%
2.87%
7.04%
-1.42%
-4.45%
2.55%
Perv Year - # Solds
45
499
245
1108
266
272
184
Total
721+
36%
34%
Sold Detail
24
61 to 90
800
Q2 2017
Avg Days on Market
31 to 60
1200 1000
Units Sold
21 to 30
Financing (Sold)
BALTIMORE, MD | Q2 2017
Sold Dollar Volume
11 to 20
3% VA
Condo & Coop
METRO AREA SNAPSHOTS BALTIMORE, MD
Attached / Townhouse
New Listings
New Listings
333
3,014
New Pendings
New Pendings
206
2,320
Closed Sales
Closed Sales
202
1,939
Median Sold Price
Median Sold Price
$202,900
$148,137
Active Listings*
Active Listings*
276
2,089
*Monthly average for quarter
*Monthly average for quarter
Average DOMs
Average DOMs
117
67
Average Sold/OLP
Average Sold/OLP
92%
94.8%
25
26
27
联系我们 202.296.1203 /// urbanpace.com