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Northern Virginia Market Quarterly - 1st Quarter 2013
May 26th, 2013 3:00 AM

 

There were a total of 5,098 single family residential sales in the Northern Virginia real estate market in the 1st quarter 2013, up from 4,757 sales in the 1st quarter 2012. 

The average sold price for single family residential properties was $489,365, up from $447,423 in the 1st quarter 2012. Sold prices ranged from a low of $50,000 to a high of $9,300,000.   Days-on-market ranged 0-1,685 days with an average DOM of 46 days.  The average sold price as a percentage of the average list price was 98%, up form 95% year-over-year. 

There were 1,359 Condominium unit sales in the 1st quarter, up from 1,245 units in the 1st quarter 2012. The sold price ranged $56,820 - $3,600,000 with an average sold price of $290,033. 

The Northern Virginia real estate market includes: Alexandria City, Arlington County, Fairfax County, Fairfax City, Falls Church City, Fauquier County, Loudoun County, Manassas City, Manassas Park City, and Prince William County.

Alexandria City Real Estate:

There were a total of 223 single family residential sales in the City of Alexandria for the 1st quarter.  The sold price range was $282,000 - $3,200,000 with an average sold price of $631,499,  up from and average sold price of $617,120 year-over-year.

The median sold price was $590,000 in the 1st quarter, up from $542,500 in the 1st quarter 2012. The median sold price as a percentage of the original median list price was 98%. The days-on-market has ranged from 0 - 422 days with a median days-on market of 15 days.

Residential condominium unit sales in the City of Alexandria increased from 192 units sold in the 1st quarter 2012 to 216 units sold in the 1st quarter 2013. 

The median sold price for condo units increased to $278,250 from $238,000 years-over-year with a sold price range of $282,000 - $3,200,000 in the 1st quarter.

Check our Alexandria City Monthly Market Updates.

We appraise Alexandria City real estate!

Arlington County Real Estate:

The Arlington County market saw a slight decline in volume for single family residential units year-over-year from 256 units in the 1st quarter 2012 to 247 units sold in the 1st quarter 2013. Sold prices ranged from $240,000 - $3,600,000 in the 1st quarter with a median sold price of $700,000 up from $641,500 year-over-year. Days-on-market ranged from 0 -733 days with a median days-on-market of 15 days. The median sold price as a percentage of the median original list price was 97% in the 1st quarter, unchanged year-over-year.

There were 269 Comdominium unit sales with a sold price range of $75,000 - $3,600,000 and a median sold price of $363,000, up from $349,000 in the 1st quarter 2012. Days-on-market has ranged 0-367 days with a median DOM of 15 days. The median sold price as a percentage of the median original list price was 98% for the 1st quarter, up from 97% year-over-year.

Check our Arlington County Monthly Market Updates.

We appraise Arlington County real estate!

Fairfax County Real Estate:

Fairfax County saw 2,058 single family residential sales in the 1st quarter, up from 1,973 in the 1st quarter 2012. The average sold price was $568,483 with a sold price range of $158,000 - $9,300,000.

This is a increase from an average sold price of $515,060 year-over-year. The average days-on-market was 45 days in the 1st quarter with a range of 0 - 754 days. The average sold price as a percentage of the average original list price has been 96% in the 2nd quarter, up from 94% for the same period 2012.

There were 530 residential condominium unit sales with a price range of $56,820 - $1,160,000 and an average sold price of $259,391. The number of units sold increase only slightly from 526 units in the 1st quarter 2012 and the average sold price increased from $225,211. The average sold price as a percentage of the average original list price has been 97%.  The average days-on-market has been 27 days.

Check out our Fairfax County Monthly Market Updates.

We appraise Fairfax County real estate!

Fairfax City Real Estate:

There were 60 single family residential sales in Fairfax City in the 1st quarter, up from 52 sales in the 1st quarter 2012. The median sold price was $423,500.

The sold price range has been $272,000 - $1,125,000 in the 1st quarter with a median days-on-market of 12 days. The median sales price to median original list price ratio was 99%, up from 96% year-over-year.

There were 11 residential condo unit sales in the 1st quarter. The sold price range was $125,000 - $310,000 with a median sold price of $160,000, up from $142,500 year-over-year, and a median days-on-market of 5 days.

We appraise Fairfax City real estate!

Falls Church City Real Estate:

The city of Falls Church saw 23 sales of single family residential properties in the 2nd quarter, up from 18 sales in the 1st quarter 2012. The median sold price was $726,000 with a sold price range of $509,900 - $975,000. The median days-on-market was 7 with a range of 09 - 170 days in the 1st quarter and the sales-to-list price ratio based on the original list price was 100%.

Condominium unit sales amounted to 11 units with a median sold price of $405,000 up from $324,173 year-over-year. The sold price range was $134,000 - $720,000 with a median days-on-market of 25 days.

We appraise Falls Church real estate!

Loudoun County Real Estate:

There were a total of 987 single family sales in Loudoun County in the 1st quarter. The average sold price was $465,583 with sold price range of $100,000 - $3,500,000. This is a increase from an average sold price of $448,489 in the 1st quarter 2012. The days-on-market ranged from 0 - 1685 days with an average of 52 days. The sales-to-list-price ratio was 95% based on the original list price. 

There were 160 Condominium unit sales in the 1st quarter an increase from 127 units sold in the 1st quarter 2012. The median sold price was $253,983, an increase from a median sold price of $210,000 year-over-year. The sold price range was $77,000 - $629,990 with a median DOM of 52 days. The median sold price as a percentage of the original median list price was 98% in the 1st quarter.

Check out our Loudoun County Monthly Market Updates.

We appraise Loudoun County real estate!

Manassas City Real Estate:

The City of Manassas saw a total of 89 single family residential sales in the 1st quarter 2013. The sold price range was $95,000 - $505,500. The median sold price was $250,000 up from $225,000 year-over-year. Median days-on-market was 12 days with a range of 0 - 218 days. The median sold price as a percentage of the median original list price was 100% in the 2nd quarter.

There were 22 condominium unit sales with a price range of $82,000 - $285,000 and a median sold price of $119,500. This is a slight increase from a median sold price of $118,500 in the 1st quarter 2012.

We appraise Manassas City real estate!

Manassas Park City:

There were a total of 39 single family residential sales in Manassas Park City in the 1st quarter 2013. The sold price range was $150,000 - $465,000. The median sold price was $245,000, up from $217,000 year-over-year. The median days-on-market was 14 days with a range of 0 - 120 days. The median sold price as a percentage of the median original list price was 102% in the 1st quarter.

Condominium sales amounted to 10 units in Manassas Park City with a price range of $85,500 - $221,500 and a median sold price of $167,500. The sales price to list price ratio was 100% based on original list price.

We appraise Manassas Park real estate!

Prince William County Real Estate:

The Prince William County market saw an increase in the number of single family residential sales from 1,089 units in the 1st quarter 2012 to 1,177 units in the 1st quarter 2013. The average sold price was $325,587 with a price range of $70,000 - $1,150,000.  This compares to an average sold price of $295,257 for the 1st quarter 2012. The average days-on-market was 53 days with a range of 0 - 947 days. The sales-to-list-price ratio was 97%.

There were 124 Condominium unit sales in Prince William County, up from 108 units year-over-year. The median sold price was $199,7510 in the 1st quarter, up from a median sold price of $157,450 year-over-year. The sold price range was $71,000 - $599,900 with a median days-on-market of 40 days. The sales-to-list-price ratio was 98%.

Check out our Prince William County Monthly Market Updates.

We appraise Prince William County real Estate

 

April 2013 Summary:


Posted in:General
Posted by Erol Sevin on May 26th, 2013 3:00 AMPost a Comment

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