Northern Virginia Real Estate Market

Focus: Lorton VA Real Estate Market - 7/2013
July 19th, 2013 9:32 PM

The Lorton VA market had 384 single family residential sales over the past 12 months. The median sold price was $411,350, up from a median sold price of $389,800 year-over-year. The sold price range was $101,700 - $1,700,000.  Days-on-market ranged from 0 - 454 days with a median DOM of 14 days.  The median sold price as a percentage of the median original list price was 99%. 

Foreclosure sales amounted to ~5% of sales in the Lorton market with Short sales representing ~15% of sales.  This compares to 12% foreclosure sales and 21% Shorts sales during the same period a year ago.

The most recent 90 day period shows a total of 124 sales with a median sold price of $460,000, up form $405,000 year over year. The median days-on-market was 8 days. The median sold price as a percentage of the median original list price has been 99%. 

During the past 90 days seller concessions were paid in ~41% of sales as compared to 51% for sales a year earlier.

The local Realtor MLS shows a total of 78 Active single family residential listings for sale in the Lorton market.  The price range is $265,000 - $6,500,000 with a median list price of $649,925 and a median days-on-market of 39 days. 

The months supply of inventory stands at just 2.0 months based on 12 month sales and 2.5 months based on the most recent 6 months sales.

Condominium sales amounted to 70 units over the past 12 months with a sold price range of $110,000 - $3765,000 and a median sold price of $218,000.  The median sold price for the same period a year earlier was $193,495.  

The most recent 90 day period shows a median sold price of $242,500 for condominium units with a median days on market of 16 days.

The Lorton Community includes the following zip code22079

The Certified Appraisal Group, LLC appraises real estate in the following subdivisions within the Lorton VA market: 

Barnes, Beechwood Cluster, Belmont Park Estates, Callaway Greens, Cavanough Crossing, Chester Park, Courts of Laurel Crest, Cranford at Gunston Cove, Crosspointe, Denali Way, East Hill, Evans, Grace Bible Church, Green Ridge Cozzos, Gunston Commons, Gunston Hall Forest, Gunston Heights, Gunston Hill, Gunston Manor, Gunston Square, Hallowing Point River, Harbor View, Harley Farm Estates, Hollymeade, Hunter Estates, John Leary, Laurel Crest, Laurel Highlands, Laurel Hill, Laurel Hill Landbay, Laurel Hill South, Laurel Overlook, Lorfax Heights, Lorton Station, Lorton Town Cntr Landbay, Lorton Station Lorton Station South, Lorton Valley North, Masons Passage, Monacan Estates, Mount Air, Mount Vernon Meadows, Newington Commons, Newington Heights, Nirvana Palace, Occoquan Overlook, Overlook Pointe, Pinewood Station, Pohick Estates, Pohick Landing, Pohick Square, Raceway Farms, Shepherd Hills, Shirley Acres, Southern Oaks, Southgate Woods Townhouses, Spring Hill Senior Campus, Springman, Springman, Summerhill, Summit Oaks, The Forest At Southrun, The Highlands, Townes Of Pohick, Village at Lorton Valley, Village of Mount Air, Washington Square, Wildwood, Wiley, Williamsburg Square, Worthington Woods

 

Market Trends for Lorton:

Lorton median sales prices

Number of sold homes in Lorton

Lorton average price per square foot

We are Lorton Real Estate Appraisers!

We have appraisers in Lorton zip code 22079

Order an Appraisal               Contact Us 

                                   703-451-2241


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Posted by Erol Sevin on July 19th, 2013 9:32 PMPost a Comment

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