Northern Virginia Real Estate Market

Focus: Fairfax VA Real Estate Market - 7/2013
July 21st, 2013 11:21 PM

There were 1,648 single family residential sales in the Fairfax VA market over that past 12 months.  The average sold price was $535,484, up 5% year-over-year with a price range of $206,000 - $2,650,000.  Days-on-market ranged from 0 - 507 days with an average DOM of 31 Days.  The average sold price as a percentage of average original list price has been 98%, up from 96% from a year earlier. 

The most recent 90 day period shows a total of 581 sales with a sold price range of $235,000 - $1,582,924 and an average sold price of $558,079, up from $523,894 for the same period a year ago. The average days-on-market has been 17 days, down from an average of 39 days year-over-year.  The average sold price as a percentage of average original list price has been 99%. 

The local Realtor MLS shows a total of 231 Active single family residential listings for sale in the Fairfax VA market.  The price range is $300,000 - $2,100,000. The average list price is $674,026 and an average days-on-market of 59 days.  The months supply of inventory stands at 1.7 months based on 12 month sales and 1.5 months based on the most recent 6 months sales.

Condominium sales amounted to 427 units over the past 12 months with an average sold price of $266,026 and a range of $97,000 - $695,780.  This is an increase from an average sold price of $248,320 year-over-year.

There were a total of 133 unit sales during the most recent 90 day period with an average sold price of $283,244, up from an average sold price of $263,877 a year ago. 

The average list price for current Active listings is $285,803 with a median days on market of 24 days. There are currently 133 active condo units for sale with a current inventory of 3.7 months based on 12 month sales.  

The Fairfax Community includes the following zip codes :  22030, 22031, 22032, 22033, 22039

The following Subdivisions within the Fairfax VA real estate market are part of the Certified Appraisal Group, LLC appraiser service area:  

Alexandra Estates, Amans Fairmont Estates, Ardmore, Armistead Park, Ashwood, Barristers Keepe, Bartons Grove, Beech Grove, Birch Pond, Birchtree, Blake Tree Manor, Blakeview, Bonnie Brae, Braddock Forest, Braddock Manor, Bradox, Bradfield, Braxton, Brecon Ridge, Briars at Westches, Briarwood, Briarwood Farms, Briarwood Trace, Buckleys Reserve, Burke Center, Burke Station Wood, Cambridge Station, Carr at Cedar Lake, Cavalier Woods, Cedar Grove Park, Cedar Lakes, Centennial Hills, Centerpointe III, Century Oak, Chambliss View, Chancery Square, Chancery Park, Chantilly Farm, Chesterfield Mews, Chestnut Hills West, Circle Woods, Cloisters of Fairfax, Cobbdale, Colchester Hunt, Colony Park, Comstock, Country Club Hills, Country Club View, Courthouse Square, Covington, Crestmont Single Family, Crestmont Townhouses, Crytal Springs, Dartmoore Woods, Decour Estates, Doveille, Duvall E Martin, East Fairfax Park, EL Hogan, Elan at East Market, Estates at Fairfax, Fair Chase, Fair Lakes, Fair Lakes Court, Fairlakes Land Bay, Fair Oaks, Fair Oaks Estates, Fair Oaks Hill, Fair Oaks Hunt, Fair Ridge, Fairwoods, Fairchester, Fairfax Acres, Fairfax Center Landbay, Fairfax City, Fairfax Club Estates, Fairfax Farms, Fairfax Heights, Fairfax Hunt, Fairfax Ridge, Fairfax Town Estates, Fairfax Villa, Fairhill, Fairmont Estates, Fairview, Faircroft, Five Oaks Place, Forest Hills of Fairfax, Folger at Boldog, Foxfield, Franklin Glen, George Mason Forest, George Mason Woods, Glen Aldon, Glen Cove, Green Acres, Greenbriar, Greens at Fair Lakes, Halemhurst, Hampton Ct, Hampton Forest, Heatherbrook, Heritage Manor, Hickory Farms, Hideaway Park, Highland Oaks, Holly Park Estates, Hunters Glen, Kendall Square, Kensington Manor, Kensington Parc, Keils Gardens, Kings Park, Kings Park West, Kingsberry, Layton Court (Mews), Layton Hall, Lee Hill Village, Lewis Park, Linden Square, Lord Fairfax Estates, Mantua, Mantua Hills, Maple Hill, Mason Oaks, Midddleridge, Middle Ridge Clara Barton, Mosby Woods, North Hill, Old Creek Estates, Old Post Estates, Old Fairfax Mews, Olde Forge, Penderbrook, Pine Ridge, Railroad Square, Random Hills Landbay, Redfields, Remington Place, Reserves at Martins Point, Ridge Top, Ridge Top Commons, Ridge Top Terrace, Ridelea Hills, Robrtson Farm, Rollingwoods Estates, Rutherford, Sideburn, Singing Pines, Somerset, Somerset South, Springbrook Forest, Starlit Ponds, Stone Creek Crossing, Stonehurst, Sutton Place, Suzannes Way, The Assembly, The Groves, The Village Park, Towells, Townes of Greenbriar, Tudor Hall, Twinbrook, University Square, Vannoy Park, Vienna Metro II, Villa D Este, Waverlee Woods, Wells, Wescott Ridge, Westmore, Westmore Knolls, Whitfield Green, Willow Ponds, Windsor Mews, Windy Hill, Woodlynne Community

Market Trends in Fairfax:  

Fairfax median sales prices 

Number of sold homes in Fairfax

We are Fairfax Appraisers!

We have appraisers in Fairfax zip codes 22030, 22031, 22032 and 22039

Order an Appraisal               Contact Us 

                                   703-451-2241


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Posted by Erol Sevin on July 21st, 2013 11:21 PMPost a Comment

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