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Northern Virginia Market Quarterly - 3rd Quarter 2013
November 3rd, 2013 11:57 PM

There were 7,975 single family residential sales in the Northern Virginia real estate market in the 3rd quarter 2013, down from 9,105 sales in the 2nd quarter 2013 and up from 7,377 sales year-over year. 

The average sold price for single family residential properties was $528,438, up from $493,208 in the 3rd quarter 2012. Sold prices ranged from a low of $50,000 to a high of $11,562,000.   Days-on-market ranged 0-2,725 days with an average DOM of 34 days.  The average sold price as a percentage of the average original list price was 98%, down from 99% in the 2nd quarter 2013.  

There were 2,027 Condominium unit sales in the 3rd quarter.  The sold price ranged $61,500 - $3,008,000 with an average sold price of $306,517.  This is an increase from an average sold price of $296,019 in the 3rd 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 321 single family residential sales in the City of Alexandria for the 3rd quarter.  The sold price range was $290,000 - $4,600,000 with an average sold price of $704,179,  up from and average sold price of $638,362 year-over-year and down slightly from $714,187 in the 2nd quarter 2013.  

The median sold price was $610,000 in the 3rd quarter, up from $582,500 in the 3rd quarter 2012. The median sold price as a percentage of the original median list price was 98% in the 3rd quarter. The days-on-market has ranged from 0 - 321 days with a median days-on market of 12 days.

Residential condominium unit sales in the City of Alexandria increased from 258 units sold in the 3rd quarter 2012 to 307 units sold in the 3rd quarter 2013. 

The median sold price for condo units increased only slightly to $285,000 from $282,000 year-over-year with a sold price range of $84,000 - $1,000,000 in the 3rd quarter.

Check our Alexandria City Monthly Market Updates.

We appraise Alexandria City real estate!

Arlington County Real Estate:

Arlington County shows 352 sales of single family residential units in the 3rd quarter.  Sold prices ranged from $175,000 - $2,750,000 with an average sold price of $824,953. 

The median sold price was $765 in the 3rd quarter, up from $678,987 year-over-year and up from $741,325 in the 2nd quarter 2013.  Days-on-market ranged from 0 - 291 days with a median days-on-market of 13 days. The average sold price as a percentage of the average original list price was 99% in the 3rd quarter.  

There were 432 Condominium unit sales with a sold price range of $74,000 - $3,008,000 and a median sold price of $385,000, up from $359,900 in the 3rd quarter 2012. Days-on-market has ranged 0-364 days with a median DOM of 13 days. The median sold price as a percentage of the median original list price was 100% for the 3rd quarter.

Check our Arlington County Monthly Market Updates.

We appraise Arlington County real estate!

Fairfax County Real Estate:

There a total of 3,494 single family residential sales in Fairfax County in the 3rd quarter, up from 3,175 units in the 3rd quarter 2012. The average sold price was $597,340 with a sold price range of $135,000 - $7,400,000.

This is a increase from an average sold price of $564,766 for the same period a year earlier. The average days-on-market was 30days in the 3rd quarter.  The average sold price as a percentage of the average original list price has been 97% in the 2nd quarter, up from 96% for the same period 2012.

Fairfax County showed 772 unit sales of residential condominiums in the 3rd quarter 2013, up from 661 units sold in the 3rd quarter 2012. There was a sold price range of $76,125 - $1,244,000 and an average sold price of $276,5297. This is an increase from an average sold price of $259,988 in the 3rd 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 30 days.

Check out our Fairfax County Monthly Market Updates.

We appraise Fairfax County real estate!

Fairfax City Real Estate:

There were 78 single family residential sales in Fairfax City market in the 3rd quarter, up from 69 sales in the 3rd quarter 2012. The median sold price was $497,500, up from $474,250 in the 2nd quarter and $483,000 years-over-year. 

The sold price range was $274,100 - $1,325,000 in the 3rd quarter with a median days-on-market of 10 days. The median sales price to median original list price ratio was 99%.

There were 20 residential condo unit sales in the 3rd quarter, up form 11 units sold in the 3rd quarter 2012. The sold price range was $129,000 - $570,000 with a median sold price of $187,750, up from $160,400 year-over-year. The median days-on-market was 6 days with a range of 0 - 47 days.

We appraise Fairfax City real estate!

Falls Church City Real Estate:

The city of Falls Church had 37 sales of single family residential properties in the 3rd quarter. The median sold price was $741,000 with a sold price range of $440,500 - $1,630,000. This is an increase from a median sold price of $715,000 year-over-year.  The median days-on-market was 11 days with a range of 0 - 170 days.  The sales-to-list price ratio based on the original list price was 100%.

Condominium unit sales amounted to 13 units with a median sold price of $327,500 and a range of $145,200 - 805,000.  The median days-on-market was 9 days.

We appraise Falls Church real estate!

Loudoun County Real Estate:

There were a total of 1,518 single family residential sales in Loudoun County in the 3rd quarter, down from 1,701 units in the 2nd quarter. The average sold price was $502,388 with a sold price range of $121,000 - $11,562,000. This is a slight increase from an average sold price of $499,381 in the 2nd quarter and $468,621 year-over-year.  The days-on-market ranged from 0 - 2530 days with an average of 35 days. The average sales price -to-average list-price ratio was 97% based on the original list price. 

There were 261 Condominium unit sales in the 3rd quarter, up from 172 units sold in the 3rd quarter 2012.  The median sold price was $248,000, an increase from a median sold price of $225,000 year-over-year. The sold price range was $61,500 - $660,675 with a median DOM of 13 days. The median sold price as a percentage of the original median list price was 97% in the 3rd 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 127 single family residential sales in the 3rd quarter 2013. The sold price range was $107,150 - $570,000. The median sold price was $285,000 up slightly from $280,000 in the 2nd quarter and up from $225,323 year-over-year. Median days-on-market was 9 days with a range of 0 - 121 days. The median sold price as a percentage of the median original list price was 100% in the 3rd quarter.

There were 41 condominium unit sales in the 3rd quarter with a price range of $116,000 - $320,000 and a median sold price of $162,500. This is an increase from a median sold price of $124,950 in the 3rd quarter 2012.

We appraise Manassas City real estate!

Manassas Park City:

There were a total of 40 single family residential sales in Manassas Park City in the 3rd quarter 2013. The sold price range was $152,000 - $253,500. The median sold price was $253,500, up from $225,000 year-over-year. The median days-on-market was 10 days with a range of 0 - 77 days. The median sold price as a percentage of the median original list price was 99% in the 3rd quarter.

Condominium unit sales amounted to 9 units in Manassas Park City with a price range of $92,500 - $225,000 and a median sold price of $195,000, up from $225,000 year-over-year.  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 single family residential sales of  1,667  units in the 3rd quarter. The average sold price was $356,301 with a price range of $99,000 - $1,220,000.  This is a slight increase from an average sold price of $354,606 in the 2nd quarter and an increase from $329,755 year-over-year.  The average days-on-market was 28 days with a range of 0 - 421 days. The sales-to-list-price ratio was 98%.

There were 157 Condominium unit sales in Prince William County in the 3rd quarter. The median sold price was $221,700, up only slightly for a median sold price of #220,000 in the 2nd quarter and up from $180,500 year-over-year. The sold price range was $82,900 - $450,000 with a median days-on-market of 12 days. The sales-to-list-price ratio was 97% in the 3rd quarter.

Check out our Prince William County Monthly Market Updates.

We appraise Prince William County real Estate

 

September 2013 Summary:

 


Posted in:General
Posted by Erol Sevin on November 3rd, 2013 11:57 PMPost a Comment

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