June 2015 All Home Types Detached
Lake Of The Woods, Locust Grove, VA
Presented by
Pat Licata
Keller Williams Preferred Realty
Email: plicata@mris.com Mobile Phone: 540-735-7998 Web: www.lakeofthewoodsvirginia.com
Presented by
Pat Licata
June 2015
Keller Williams Preferred Realty Email: plicata@mris.com Mobile Phone: 540-735-7998 Web: www.lakeofthewoodsvirginia.com
Lake Of The Woods, Locust Grove, VA
23
New Pendings
-41.0%
-17.9%
-26.3%
from May 2015: 39
from Jun 2014: 28
from May 2015: 38
New Listings
YTD
2015 218
2014 187
+/16.6%
5-year Jun average: 26
2015 152
10.4% from May 2015: $196,700 2015 $208,500
55.6%
-5.1% from Jun 2014: $229,000 2014 +/$216,500 -3.7%
5-year Jun average: $206,490
from May 2015: 16
+/25.6%
YTD
Closed Sales
97
from Jun 2014: 23 2014 88
Median Sold Price ($1,000s) $275
60
$250
50
$225
40
$200
30
$175
20
$150
10
$125 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
2014
82
Avg DOM
5-year Jun average
May 2015 107
Jun 2014 120
Max 120
Min 82
$100
2015
95.3%
Avg Sold to OLP Ratio
82 111
+/22.7%
70
0
97
Active Listings
2015 108
82.6%
5-year Jun average: 24
2013
Min 97
162.5%
from Jun 2014: 18 2014 121
42
Closed Sales
5-year Jun average: 21
$217,250
Median Sold Price
YTD
YTD
28
95.3% 109 5-year Jun average
May 2015 96
Jun 2014 92
Copyright Š 2015 RealEstate Business Intelligence, LLC. All Rights Reserved. Data Source: MRIS. Statistics calculated July 03, 2015.
Max 184
YTD 113
Min 90.5%
93.8% 5-year Jun average
May 2015 95.5%
Jun 2014 96.6%
Max 96.6%
YTD 93.9%
Presented by
Pat Licata
June 2015
Keller Williams Preferred Realty Email: plicata@mris.com Mobile Phone: 540-735-7998 Web: www.lakeofthewoodsvirginia.com
Lake Of The Woods, Locust Grove, VA - Detached
23
New Pendings
-41.0%
-17.9%
-26.3%
from May 2015: 39
from Jun 2014: 28
from May 2015: 38
New Listings
YTD
2015 218
2014 187
+/16.6%
5-year Jun average: 26
10.4% from May 2015: $196,700 YTD
2015 $208,500
-5.1% from Jun 2014: $229,000 2014 +/$216,500 -3.7%
5-year Jun average: $206,490
2014 121
+/25.6%
162.5% from May 2015: 16 YTD
2015 108
82.6% from Jun 2014: 23 2014 88
97
5-year Jun average: 24
Summary In Lake Of The Woods, Locust Grove, VA, the median sold price for Detached properties for June was $217,250, representing an increase of 10.4% compared to last month and a decrease of 5.1% from Jun 2014. The average days on market for units sold in June was 82 days, 25% below the 5-year June average of 109 days. There was a 26.3% month over month decrease in new contract activity with 28 New Pendings; a 25.8% MoM decrease in All Pendings (new contracts + contracts carried over from May) to 46; and a 9.3% decrease in supply to 97 active units.
82
Avg DOM
95.3%
Avg Sold to OLP Ratio
82 111 5-year Jun average
May 2015 107
Jun 2014 120
+/22.7%
This activity resulted in a Contract Ratio of 0.47 pendings per active listing, down from 0.58 in May and an increase from 0.23 in June 2014. The Contract Ratio is 36% higher than the 5-year June average of 0.35. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.
97
Active Listings
Min 97
2015 152
from Jun 2014: 18
42
Closed Sales
55.6%
5-year Jun average: 21
$217,250
Median Sold Price
YTD
28
Max 120
Min 82
95.3% 109 5-year Jun average
May 2015 96
Jun 2014 92
Copyright Š 2015 RealEstate Business Intelligence, LLC. All Rights Reserved. Data Source: MRIS. Statistics calculated July 03, 2015.
Max 184
YTD 113
Min 90.5%
93.8% 5-year Jun average
May 2015 95.5%
Jun 2014 96.6%
Max 96.6%
YTD 93.9%