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Northern Virginia Market Quarterly - 2nd Quarter 2013
September 26th, 2013 12:26 AM

 

 

There were a total of 9,105 single family residential sales in the Northern Virginia real estate market in the 2nd quarter 2013, up from 8,231 sales in the 2nd quarter 2012. 

The average sold price for single family residential properties was $539,318, up from $493,454 in the 2nd quarter 2012. Sold prices ranged from a low of $72,000 to a high of $6,950,000.   Days-on-market ranged 0-1,264 days with an average DOM of 26 days.  The average sold price as a percentage of the average original list price was 99%, up from 98% in the 1st quarter 2013.  

There were 2,170 Condominium unit sales in the 2nd quarter.  The sold price ranged $10,000 - $2,070,000 with an average sold price of $314,193.  This is an increase from an average sold price of $292,916 in the 2nd quarter 2012.

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 424 single family residential sales in the City of Alexandria for the 2nd quarter.  The sold price range was $202,500 - $4,656,000 with an average sold price of $714,187,  up from and average sold price of $647,272 year-over-year.

The median sold price was $630,000 in the 2nd quarter, up from $590,000 in the 2nd quarter 2012. The median sold price as a percentage of the original median list price was 99%, up from 98% in the 1st quarter. 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 272 units sold in the 2nd quarter 2012 to 349 units sold in the 2nd quarter 2013. 

The median sold price for condo units increased to $292,500 from $262,500 year-over-year with a sold price range of $85,500 - $1,152,900 in the 2nd quarter.

Check our Alexandria City Monthly Market Updates.

We appraise Alexandria City real estate!

Arlington County Real Estate:

The Arlington County market shows 469 sales of single family residential units in the 2nd quarter.  Sold prices ranged from $224,000 - $4,500,000 with an average sold price of $819,620 up from $770,992 year-over-year. The median sold price was $741,325 in the 2nd quarter. Days-on-market ranged from 0 - 427 days with a median days-on-market of 6 days. The average sold price as a percentage of the average original list price was 99% in the 2nd quarter, up from 98% for the same period a year ago. 

There were 475 Condominium unit sales with a sold price range of $75,000 - $2,070,000 and a median sold price of $402,500, up from $380,000 in the end quarter 2012. Days-on-market has ranged 0-456 days with a median DOM of 7 days. The median sold price as a percentage of the median original list price was 99% for the 2nd quarter.

Check our Arlington County Monthly Market Updates.

We appraise Arlington County real estate!

Fairfax County Real Estate:

There a total of 4,169 single family residential sales in Fairfax County in the 2nd quarter, up from 3,591 in the 2nd quarter 2012. The average sold price was $607,836 with a sold price range of $101,700 - $6,950,000.

This is a increase from an average sold price of $549,017 for the same period a year earlier. The average days-on-market was 22 days in the 2nd quarter with a range of 0 - 1,227 days. The average sold price as a percentage of the average original list price has been 99% in the 2nd quarter, up from 98% for the same period 2012.

Fairfax County showed and increase from 756 units of residential condominiums in the 2nd quarter 2012 to 856 units in the 2nd quarter 2013. There was a sold price range of $86,000 - $1,750,000 and an average sold price of $283,117. This is an increase from an average sold price of $251,769 in the 2nd quarter 2012. The average sold price as a percentage of the average original list price has been 98%.  The average days-on-market has been 20 days.

Check out our Fairfax County Monthly Market Updates.

We appraise Fairfax County real estate!

Fairfax City Real Estate:

There were 82 single family residential sales in Fairfax City market in the 2nd quarter, down from 97 sales in the 2nd quarter 2012. The median sold price was $474,250.

The sold price range was $235,000 - $1,270,000 in the 2nd quarter with a median days-on-market of 7 days. The median sales price to median original list price ratio was 99%.

There were 20 residential condo unit sales in the 2nd quarter. The sold price range was $135,200 - $585,000 with a median sold price of $194,750, up from $169,950 year-over-year. The median days-on-market was 10 days with a range of 1 - 84 days.

We appraise Fairfax City real estate!

Falls Church City Real Estate:

The city of Falls Church had 48 sales of single family residential properties in the 2nd quarter. The median sold price was $709,500 with a sold price range of $350,000 - $1,345,000. The median days-on-market was 6 with a range of 0 - 213 days the sales-to-list price ratio based on the original list price was 103%.

Condominium unit sales amounted to 18 units with a median sold price of $429,950 up from $378,400 year-over-year. The sold price range was $209,000 - $640,000 with a median days-on-market of 9days.

We appraise Falls Church real estate!

Loudoun County Real Estate:

There were a total of 1,701 single family sales in Loudoun County in the 2nd quarter. The average sold price was $499,321 with a sold price range of $130,000 - $3,350,000. This is a increase from an average sold price of $472,833 in the 2nd quarter 2012. The days-on-market ranged from 0 - 1344 days with an average of 32 days. The average sales price -to-average list-price ratio was 98% based on the original list price. 

There were 227 Condominium unit sales in the 2nd quarter.  The median sold price was $250,500, an increase from a median sold price of $217,500 year-over-year. The sold price range was $69,000 - $592,205 with a median DOM of 15 days. The median sold price as a percentage of the original median list price was 97% in the 2nd 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 137 single family residential sales in the 2nd quarter 2013. The sold price range was $105,000 - $580,000. The median sold price was $280,000 up from $245,000 year-over-year. Median days-on-market was 8 days with a range of 0 - 284 days. The median sold price as a percentage of the median original list price was 100% in the 2nd quarter.

There were 31 condominium unit sales with a price range of $100,000 - $280,000 and a median sold price of $140,000. This is an increase in volume from 17 units sold and an increase in a median sold price of $115,000 in the 2nd quarter 2012.

We appraise Manassas City real estate!

Manassas Park City:

There were a total of 42 single family residential sales in Manassas Park City in the 2nd quarter 2013. The sold price range was $180,000 - $455,000. The median sold price was $261,000, up from $213,500 year-over-year. The median days-on-market was 9 days with a range of 0 - 275 days. The median sold price as a percentage of the median original list price was 99% in the 2nd quarter.

Condominium sales amounted to 13 units in Manassas Park City with a price range of $137,000 - $221,200 and a median sold price of $185,000. 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 1,669 units in the 2nd quarter 2012 to 1,772 units in the 2nd quarter 2013. The average sold price was $354,606 with a price range of $95,000 - $1,175,000.  This is an increase from an average sold price of $321,079 for the 2nd quarter 2012. The average days-on-market was 26 days with a range of 0 - 588 days. The sales-to-list-price ratio was 98%.

There were 169 Condominium unit sales in Prince William County in the 2nd quarter, up from 151 units year-over-year. The median sold price was $220,000 and an average sold price of $218,380 in the 2nd quarter. This is up from a median sold price of $170,000 year-over-year. The sold price range was $75,000 - $659,000 with a median days-on-market of 13 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

 

 
 

August 2013 Summary:


Posted in:General
Posted by Erol Sevin on September 26th, 2013 12:26 AMPost a Comment

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