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Northern Virginia Market Quarterly - 1st Quarter 2015
June 23rd, 2015 2:37 PM

There were a total of 5,161 single family residential sales in the Northern Virginia real estate market in the 1st quarter 2015. This is down from 5,972 units in the 4th quarter 2014 but up from 4,519 units year-over-year.  

The average sold price for single family residential properties in the 1st quarter was $524,80, down from $538,438 in the 4th quarter 2014 and up from an average sold price of $506,458 for the same period in the 1st quarter 2014.

Sold prices ranged from a low of $60,000 to a high of $5,500,000.  Days-on-market ranged 0 -1,485 days with an average DOM of 76 days.  The average sold price as a percentage of the average original list price was 96%, down slightly from 97% in the previous quarter and unchanged  from 96% in the 1st quarter 2014. 

There were 1,378 condominium unit sales in the 1st quarter in the Northern Virginia real estate market.  The sold prices ranged $40,000 - $2,700,000 with an average sold price of $312,804. This is up from an average sold price of $303,059 for the same period 2014.  The average days on market was 64 days and the average sold price as a percentage of the average original list price was 97%. 

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 232 single family residential sales in the City of Alexandria in the 1st quarter 2015.  The sold price range was $245,000 - $4,020,000 with a median sold price of $645,000.  This is virtually unchanged from a median sold price of $644,750 in the previous quarter and up from $601,225 in the 1st quarter 2014.   The days-on-market has ranged from 0 - 897 days with a median days-on market of 34 days.  The median sold price as a percentage of the median original list price was 97% in the 1st quarter.   

The median sold price for condominium units in the City of Alexandria market increased to  $285,000 from $270,000 for the same period in 2014. The sold price range was $98,700 - $2,700,000 in the 1st quarter. The median sold price as a percentage of the original list price was 94% with a median days-on-market of 51 days.

Check our Alexandria City Monthly Market Updates.

   Call us for your real estate appraisal needs in Alexandria City!

Arlington County Real Estate:

There were 238 single family residential sales in the 1st quarter.  Sold prices ranged $291,500 - $2,300,000 with a median sold price of $764,591.  This is up from a median sold price of $747,950 and up from $727,500 in the 1st quarter 2014.  Days-on-market ranged from 0 - 431 days with a median days-on-market of 23 days. The median sold price as a percentage of the median original list price was 99% in the 1st quarter.  

Arlington County showed 279 condominium unit sales with a sold price range of $40,000 - $1,649,000 and a median sold price of $389,900.  This is up slightly from a median sold price of $387,000  year-over-year. Days-on-market has ranged 0-312 days with a median DOM of 34 days. The median sold price as a percentage of the median original list price was 96%, down from 99% in the 4th quarter 2014.

Check our Arlington County Monthly Market Updates.

   Call us for your real estate appraisal needs  in Arlington County!

Fairfax County Real Estate:

There a total of 2,114 single family residential sales in the Fairfax County market in the 1st quarter 2015, up slightly from 1,929 units sold year-over-year.  The average sold price was $585,516 in the 1st quarter with a sold price range of $182,250 - $3,805,000.  This is up from an average sold price of $570,889 in the 1st quarter 2014  The average days-on-market was 72 days in the 1st quarter with an average sold price as a percentage of the average original list price was 96%.  

There were 509 residential condominium units sold in Fairfax County in the 1st quarter, down from 604 units in the 4th quarter 2014 and down from 539 units sold year-over-year.  The sold price range was $100,000 - $1,700,000 with an average sold price of $286,528.  This is an increase from an average sold price of $273,281 year-over-year.  The average sold price as a percentage of the average original list price was 97% with an average day-on-market of 62 days. 

Check out our Fairfax County Monthly Market Updates.

   Call us for your real estate appraisal needs in Fairfax County!

Fairfax City Real Estate:

There were 36 single family residential sales in the Fairfax City market in the 1st quarter with a median sold price was $450,000, down from $475,000 in the 1st quarter 2014.  The sold price range was $250,000 - $1,252,065 in the 1st quarter with a median days-on-market of 29 days. The median sold price as a percentage of the median original list price was 98%.

There were 8 residential condominium unit sales in the 1st quarter with a sold price range of  $135,000 - $595,000 and a median sold price of $202,450. This is up slightly from a median sold price of $201,250 year-over-year. The median days-on-market was 50 days and the median sold price as a percentage of the median original list price was 92%. 

   Call us for your real estate appraisal needs in Fairfax City!

Falls Church City Real Estate:

The city of Falls Church had 31 sales of single family residential properties in the 1st quarter. The median sold price was $725,500 with a sold price range of $489,000 - $1,450,000. This is virtually unchanged from a median sold price of $725,000 year-over-year.  The median days-on-market was 38 days with a median sales-to-list price ratio based on the original list price was 94%.

There were 12 Condominium unit sales in Falls Church City with a median sold price of $437,450 and a range of $295,000 - $599,000. This is an increase from a median sold price of $416,000 in the 1st quarter 2014.  The median days-on-market was 23 days and the median sales price as a percentage of the median original list price was 100%.

   Call us for your real estate appraisal needs in Falls Church City!

Loudoun County Real Estate:

There were a total of 998 single family residential sales in Loudoun County in the 1st    quarter.  The average sold price was $499,823 with a sold price range of $60,000 - $5,500,000. This is an increase from an average sold price of $487,865 year-over-year. The days-on-market ranged from 0 - 1,299 days with an average of 82 days. The average sold price to average original list-price ratio was 96%, down from 95% in the 1st quarter.   

There were 161 condominium unit sales in the 1st quarter, up from 154 units sold in the same period 2014.  The average sold price was $273,482, an increase from a average sold price of $267,944 year-over-year. The sold price range was $93,000 - $699,000 with an average days-on-market of 76 days. The average sold price as a percentage of the average original  list price was 96% in the 1st quarter.

Check out our Loudoun County Monthly Market Updates.

   Call us for your real estate appraisal needs in Loudoun County!

Manassas City Real Estate:

There were 94 single family residential sales in the City of Manassas in the 1st quarter with a sold price range was $130,000 - $705,000. The median sold price was $286,500, up from $265,000 year-over-year. The median days-on-market was 47 days with a range of 0 - 306 days. The median sold price as a percentage of the median original list price was 96% in the 1st quarter.

There were 16 condominium unit sales in the 1st quarter with a sold price range of $95,000 - $330,500 and a median sold price of $207,000.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 47 single family residential sales in the Manassas Park City market in the 1st quarter 2015. The sold price range was $170,000 - $444,900. The median sold price was $265,000, up from $236,000 year-over-year. The median days-on-market was 55 days with a range of 0 - 395 days. The median sold price as a percentage of the median original list price was 95% in the 1st quarter.

There were 7 condominium unit sales in Manassas Park City with a price range of $132,000 - $215,000 and a median sold price of $190,000, up fro m $184,950 year-over-year.  The sales price to list price ratio was 97% based on original list price.

   Call us for your real estate appraisal needs in Manassas Park City!

Prince William County Real Estate:

The Prince William County market shows total of 1,166 single family residential sales in the 1st quarter, up from 974 units sold during the same period in 2014.  The average sold price was $360,410 with a sold price range of $132,500 - $1,425,000.  This is an increase from an average sold price of $339,718 year-over-year.  The average days-on-market was 75 days with a range of 0 - 611 days. The average sold price as a percentage of the average original list price was 96%.  

There were 139 Condominium unit sales in the Prince William County market in the 1st quarter 2015. The average sold price was $239,475, up from $231,743 in the same period 2014. The sold price range was $95,000 - $425,000 with an average days on market of 65 days. The sales-to-list-price ratio was 97%. 

Check out our Prince William County Monthly Market Updates.

   Call us for your real estate appraisal needs in Prince William County!


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Posted by Erol Sevin on June 23rd, 2015 2:37 PMPost a Comment

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