January 2014 Northern Virginia and Washington DC Real Estate Activity

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Information about January 2014 Northern Virginia and Washington DC Real Estate Activity
Real Estate

Published on February 28, 2014

Author: coldwellbankerfairfax

Source: slideshare.net

Description

sold homes, under contract properties, and active listings for the Northern Virginia and Washington DC regions for January 2014

Local Market Update January 2014 Northern Virginia < $100,000 $100,000–$199,999 $200,000-$299,999 Available 17 133 301 $300,000-$399,999 $400,000-$499,999 $500,000-$599,999 $600,000-$699,999 325 314 232 172 UC Abs Rate 3 5.67 86 1.55 192 1.57 274 210 163 115 1.19 1.50 1.42 1.50 Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. February 24, 2014

Local Market Update January 2014 Northern Virginia $700,000-$799,999 $800,000-$899,999 $900,000-$999,999 $1M -$1.49M $1.5M -2.49 $2.5 million + Overall Available 173 158 94 289 200 137 2,776 UC Abs Rate 73 2.37 46 3.43 32 2.94 57 17 6 1,274 5.07 11.76 22.83 2.18 Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. February 24, 2014

No VA Stats Avg. SP- -.59% Units Sold- -5.05% DOM- -5.17% to 55 days Source: MRIS, Inc. February 24, 2104

Local Market Update January 2014 PW & Loudoun < $100,000 $100,000–$199,999 $200,000-$299,999 $300,000-$399,999 $400,000-$499,999 $500,000-$599,999 $600,000-$699,999 Source: MRIS, Inc. February 24, 2014 Available UC 5 74 334 Abs Rate 0 0.00 82 .90 222 1.50 457 352 286 267 215 150 77 48 2.13 2.35 3.71 5.56

Local Market Update January 2014 PW & Loudoun $700,000-$799,999 $800,000-$899,999 $900,000-$999,999 $1M -$1.49M $1.5M -2.49 $2.5 million + Overall Available 172 87 43 61 32 29 2,199 UC Abs Rate 19 9.05 10 8.70 6 21.50 6 0 0 831 10.17 0.00 0.00 2.65 Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. February 24, 2014

Local Market Update No. VA Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 2,544 1,964 1,275 1,444 940 992 2.00 1.36 Var +30% -12% -5%

Local Market Update Fairfax Co. Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 1,727 1,390 912 1,042 687 721 1.89 1.33 Var +24% -12% -5%

Fairfax Co. Stats Avg. SP- -2.43% Units Sold- -4.92% DOM- 0% to 58 days Source: MRIS, Inc. February 24, 2014

Local Market Update Alexandria City Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 392 243 136 182 93 107 2.88 1.34 Var +61% -25% -13%

Local Market Update Arlington Co. Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 363 288 187 179 131 132 1.94 1.61 Var +26% +4% -1%

Local Market Update Fairfax Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 169 138 128 148 97 150 1.32 .93 Var +22% -14% -35%

Local Market Update Fairfax Station Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 Current Jan 2013 48 57 11 15 6 6 4.36 3.80 Var -16% -27% 0%

Local Market Update Clifton Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 35 35 13 19 8 10 2.69 1.84 Var 0% -38% -20%

Local Market Update Herndon Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2012 SELLERS MARKET Current Jan 2013 90 64 51 57 35 41 1.76 1.12 Var +41% -11% -15%

Local Market Update Sterling Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 111 61 65 59 72 70 1.71 .85 Var +82% -10% -16%

Local Market Update Vienna/ Oakton Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2012 SELLERS MARKET Current Jan 2013 166 157 65 84 59 64 2.55 1.87 Var +6% -23% -8%

Local Market Update Ashburn Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2012 SELLERS MARKET Current Jan 2013 288 222 102 114 72 91 2.82 1.95 Var +30% -11% -21%

Local Market Update Reston Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2012 SELLERS MARKET Current Jan 2013 Var 115 50 +130% 65 75 -13% 53 50 +6% 1.77 .67

Local Market Update Centreville Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 91 56 68 71 53 49 1.34 .79 Var +63% -4% +8%

Local Market Update DC Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 987 982 561 594 474 442 1.76 1.65 Var +1% -6% +7%

Local Market Update Prince William Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 1,029 800 464 528 309 362 2.22 1.52 Var +29% -12% -15%

Local Market Update Loudoun Co. Available UC Last 30 Days Sold Last 30 Days Absorption Rate As of February 24, 2014 SELLERS MARKET Current Jan 2013 1,168 996 367 422 285 328 3.18 2.36 Var +17% -13% -13%

Local Market Update GPAAR Available UC Last 30 Days Sold Last 30 Days Absorption Rate Current Jan 2013 931 1,037 170 198 109 174 5.48 As of February 24, 2014 **Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties 5.24 Var -10% -14% -37%

Local Market Update BRAR Available UC Last 30 Days Sold Last 30 Days Absorption Rate Current Jan 2013 950 799 156 171 149 145 6.09 As of February 24, 2014 **Includes Clarke, Frederick, Warren Counties & Winchester City 4.67 Var +19% -9% +3%

Local Market Update FAAR Available UC Last 30 Days Sold Last 30 Days Absorption Rate Current Jan 2013 1,551 1,244 385 407 230 267 4.03 As of February 24, 2014 **Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties SELLERS MARKET 3.06 Var +25% -5% -14%

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