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Northern Virginia Market Quarterly - 3rd Quarter 2015
October 27th, 2015 8:15 PM

There were a total of 8,266 single family residential sales in the Northern Virginia real estate market in the 3rd quarter 2015. This is down from 9,015 units in the 2nd quarter and up from 7,285 units in the 3rd quarter 2014.  

The average sold price for single family residential properties in the 3rd quarter was $540,190, down from $551,474 in the 2nd quarter and virtually unchanged from an average sold price of $539,597 for the same period in 2014.

Sold prices ranged from a low of $80,000 to a high of $5,294,659 in the 3rd quarter.  Days-on-market ranged 0 -1,387 days with an average DOM of 37 days.  The average sold price as a percentage of the average original list price was 97%, down from 98% in the previous quarter and unchanged from 97% in the 3rd quarter 2014. 

There were 2,123 condominium unit sales for the 3rd quarter, down slightly from 2,225 units in the 2nd quarter.  The sold prices ranged $85,000 - $2,725,000 with an average sold price of $306,443. This is down from an average sold price of $319,069 for the same period 2014.  The average days on market was 42 days and the average sold price as a percentage of the average original list price was 97%, unchanged from the 2nd quarter. 

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 361 single family residential sales in the City of Alexandria in the 3rd quarter 2015.  The sold price range was $206,000 - $3,875,000 with a median sold price of $650,000.  This is up slightly from a median sold price of $644,950 in the previous quarter and unchanged from $650,000 in the 3rd quarter 2014.   The days-on-market  ranged from 0 - 296 days with a median days-on market of 15 days.  The median sold price as a percentage of the median original list price was 100% in the 3rd quarter, up from 99% in the  2nd quarter.   

The median sold price for condominium units in the City of Alexandria market was $285,000 with a range of $109,900 - $1,100,000.  This is unchanged from a median sold price of $285,000 in the 2nd quarter but down from a median sold price of $310,000 in the 3rd quarter 2014.  The median sold price as a percentage of the original list price was 96% with a median days-on-market of 25 days.

Check our Alexandria City Monthly Market Updates.

   Call today for all of your real estate appraisal needs in Alexandria City!

Arlington County Real Estate:

There were a total of 411 single family residential sales in the 3rd quarter.  Sold prices ranged $302,000 - $3,700,000 with a median sold price of $775,000.  This is down from a median sold price of $800,250 in the 2nd quarter 2015 and up from $750,00 in the 3rd quarter 2014.  Days-on-market ranged from 0 - 243 days with a median days-on-market of 12 days. The median sold price as a percentage of the median original list price was 100% in the 3rd quarter.  

Arlington County shows 411 condominium unit sales with a sold price range of $110,500 - $2,725,000 and a median sold price of $387,500.  This is down from a median sold price of $399,989 in the 2nd quarter and down from $405,000  year-over-year. Days-on-market has ranged 0-429 days with a median DOM of 20 days. The median sold price as a percentage of the median original list price was 99%.

Check our Arlington County Monthly Market Updates.

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

Fairfax County Real Estate:

There a total of 3,451 single family residential sales in the Fairfax County market in the 3rd quarter 2015, down from 3,932 units in the 2nd quarter 2015 and up from 3,080 units sold year-over-year.  The average sold price was $611,001 in the 3rd quarter, virtually unchanged from an average sold price of $611,348 in the 2nd quarter but up from $603,655 for the same period in 2014.  The sold prices ranged $210,000 - $5,895,000 in the 3rd quarter.  The average days-on-market was 34 days in the 3rd quarter with an average sold price as a percentage of the average original list price was 96%.  

There were 775 residential condominium units sold in Fairfax County in the 3rd quarter, down from 831 units in the 2nd quarter but up from 715 units sold year-over-year. The sold price range was $85,000 - $1,650,000 with an average sold price of $286,720.  This is up from an average sold price of $279,049 year-over-year.  The average sold price as a percentage of the average original list price was 98% with an average day-on-market of 44 days. 

Check out our Fairfax County Monthly Market Updates.

   Call today for your real estate appraiser needs in Fairfax County!

Fairfax City Real Estate:

There were 82 single family residential sales in the Fairfax City market in the 3rd quarter with a median sold price was $505,000, up from $495,000 in the 3rd quarter 2014.  The sold price range was $288,600 - $1,185,000 in the 3rd quarter with a median days-on-market of 23 days. The median sold price as a percentage of the median original list price was 99%.

There were 23 residential condominium unit sales in the 3rd quarter.  The sold prices ranged $132,000 - $525,000 with a median sold price of $199,000. This is down from a median sold price of $210,500 in the 2nd quarter and up from $195,000 year-over-year. The median days-on-market was 14 days and the median sold price as a percentage of the median original list price was 95%. 

   Call today for your real estate appraiser needs in Fairfax City!

Falls Church City Real Estate:

Falls Church City had 37 sales of single family residential properties in the 3rd quarter 2015 . The median sold price was $815,000 with a sold price range of $405,000 - $1,408,000. This is down from a median sold price of $827,500 in the 3rd quarter 2014.  The median sales-to-list price ratio based on the original list price was 93% with a median days-on-market of 10 days.

There were 20 Condominium unit sales in Falls Church City with a median sold price of $392,500 and a range of $168,000 - $700,000 for the 3rd quarter. This is an increase from a median sold price of $350,000 in the same quarter 2014.  The median days-on-market was 24 days and the median sales price as a percentage of the median original list price was 100%.

   Call today for all of your real estate appraiser needs in Falls Church City!

Loudoun County Real Estate:

There were a total of 1,548 single family residential sales in Loudoun County in the 3rd    quarter, down from 1,757 units sold in the 2nd quarter but up from 1,384 units for the same quarter in 2014.  The average sold price was $522,022 with a sold price range of $165,000 - $2,075,000. This is a slight increase from an average sold price of $520,582 in the 2nd quarter and up from $517,968 in the 3rd quarter 2014. The days-on-market ranged from 0 - 1,153 days with an average of 40 days. The average sold price to average original list-price ratio was 97%.    

There were 258 condominium unit sales in the 3rd quarter, up from 250 units in the 2nd quarter but up from 200 units sold in the 3rd quarter 2014.  The average sold price was $260,192, a slight decline from a average sold price of $266,382 year-over-year. The sold price range was $94,000 - $575,000 with an average days-on-market of 48 days. The average sold price as a percentage of the average original  list price was 97% in the 3rd quarter.

Check out our Loudoun County Monthly Market Updates.

   Call us today for all of your real estate appraiser needs in Loudoun County!

Manassas City Real Estate:

There were 141 single family residential sales in the City of Manassas in the 3rd quarter with a sold price range of $132,500 - $556,000. The median sold price was $299,900, unchanged from the 2nd quarter and down only slightly from $302,480 in the 3rd quarter 2014.  The median days-on-market was 23 days with a range of 0 - 244 days. The median sold price as a percentage of the median original list price was 98% in the 3rd quarter.

There were 37 condominium unit sales in the 3rd quarter with a sold price range of $105,000 - $287,000 and a median sold price of $167,500.  This is down from a median sold price of $176,000 for the same period in 2014.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 73 single family residential sales in the Manassas Park City market in the 3rd quarter 2015. The sold price range was $195,000 - $495,000. The median sold price was $280,000, up slightly from $278,500 in the previous quarter and up from $255,000 year-over-year. The median days-on-market was 20 days with a range of 0 - 176 days. The median sold price as a percentage of the median original list price was 98% in the 3rd quarter.

There were 9 condominium unit sales in Manassas Park City with a price range of $135,000 - $217,000 and a median sold price of $196,111, up from $187,500 for the same period in 2014.   The sales price to list price ratio was 100 based on original list price.

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

Prince William County Real Estate:

Prince William County showed a total of 1,819 single family residential sales in the 3rd quarter 2015, up from 1,622 units sold during the same period in 2014.  The average sales price was $365,285 with a sold price range of $80,000 - $1,450,000.  This is down from an average sold price of $375,522 in the 2nd quarter and down from $371,938 year-over-year.  The average days-on-market was 38 days with a range of 0 - 570 days. The average sold price as a percentage of the average original list price was 97%, down from 98% in the previous quarter but unchanged from 97% in the same period in 2014.

There were 241 Condominium unit sales in the Prince William County market in the 3rd  quarter 2015, up from 206 units sold in the previous quarter. The average sold price was $228,389, down only slightly from $229,293 for the same period 2014. The sold price range was $99,000 - $450,000 with an average days on market of 43 days in the 3rd quarter. The sales-to-list-price ratio was 97%, down from 98% in the previous quarter and unchanged from 97% in the 3rd quarter 2014. 

Check out our Prince William County Monthly Market Updates.

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


Posted in:General
Posted by Erol Sevin on October 27th, 2015 8:15 PMPost a Comment

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