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Northern Virginia Market Quarterly - 3rd Quarter 2017
December 6th, 2017 3:21 PM

There were 8,289 single family residential sales in the Northern Virginia real estate market in the 3rd quarter. This is down slightly from 8,526 units sold year-over-year and down from 8,604 units sold in the 2nd quarter.    

The average sold price for single family residential properties in the 3rd quarter was $571,879, up from an average sold price of $543,241 year-over-year and down from $616,394 in the previous quarter.  

Sold prices ranged $60,000 - $12,500,000 in the 3rd quarter.  Days-on-market ranged 0 - 1,361 days with an average DOM of 30 days.  The average sold price as a percentage of the average original list price was 97%, down slightly from 98% for the same period a year earlier.  

There were 2,405 condominium unit sales in the 3rd quarter 2017, down from 2,674 units sold in the 2nd quarter but up from 2,329 units sold in the 3rd quarter 2016.  The sold prices ranged $85,000 - $2,395,000 with an average sold price of $319,638.  This is up only slightly from an average sold price of $317,044 in the previous quarter and also up from $308,871 year-over-year.  The average days on market was 30 days in the 3rd quarter and the average sold price as a percentage of the average original list price was 98%. 

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 329 single family residential sales in the City of Alexandria in the 3rd quarter.  The sold prices ranged $290,000 - $3,150,000 with a median sold price of $690,00.  This is up from $685,125 during the in the previous quarter and up from a median sold price of $652,500 in the 3rd quarter 2016.  The days-on-market ranged from 0 - 383 days with a median days-on market of 15 days.  The median sold price as a percentage of the median original list price was 99% in the 3rd quarter.     

The median sold price for condominium units in the City of Alexandria market was $289,000 in the 3rd quarter with 339 units sold and a sold price range of $97,000 - $2,050,000.  This is up from a median sold price of $272,250 during the same period in 2016 and down only slightly from $291,750 in the 2nd quarter 2017. The median sold price as a percentage of the original list price was 98% with a median days-on-market of 16 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 365 single family residential sales in the 3rd quarter in Arlington County.  Sold prices ranged $260,000 - $2,470,000 with a median sold price of $839,900, up from a median sold price of $826,500 year-over-year but down only slightly from $845,000 in the 2nd quarter 2017. Days-on-market ranged from 0 - 349 days with a median days-on-market of 12 days.  The median sold price as a percentage of the median original list price was 99%.   

There were 450 condominium unit sales in Arlington County with a sold price range of $97,000 - $2,395,000 and a median sold price of $386,250.  This is down from a median sold price of $400,000 with 472 units sold in the previous quarter and down from $395,000 year-over-year with 435 units sold.   Days-on-market ranged 0-378 days in the 3rd quarter with a median DOM of 15 days. The median sold price as a percentage of the median original list price was 97%. 

Check our Arlington County Monthly Market Updates.

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

Fairfax County Real Estate:

There were a total of 3,420 single family residential sales in the Fairfax County market in the 3rd quarter 2017.  The average sold price was $638,990, down from an average sold price of $644,533 in the 2nd quarter and up from $608,776 year-over-year.  The sold prices ranged from a low of $220,000 to a high of $12,500,000 in the 2nd quarter with an average days-on-market was 32 days.  The average sold price as a percentage of the average original list price was 97%.   

There were 941 residential condominium units sold in Fairfax County in the 2nd quarter, down from 1,044 units in the previous quarter but up from 891 units sold a year earlier in the 3rd quarter 2016. The sold price range was $85,000 - $1,501,476 with an average sold price of $288,930.  This is up from an average sold price of $277,687 year-over-year and virtually unchanged from $288,915 in the 2nd quarter 2017.   The average sold price as a percentage of the average original list price was 97% with an average day-on-market of 32 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 102 single family residential sales in Fairfax City market in the 3rd quarter with a median sold price of $557,000, up from a median sold price of $516,000 in the previous quarter and up from $505,000 in the 3rd quarter 2016.  The sold price range was $335,000 - $1,200,000 in the 3rd quarter with a median days-on-market of 12 days. The median sold price as a percentage of the median original list price was 99%.

There were 21 residential condominium unit sales in the 3rd quarter.  The sold prices ranged $156,000 - $641,731 with a median sold price of $231,000, up from $192,500 in the previous quarter and up from a median sold price of $175,000 year-over-year.  The median days-on-market was 4 days and the median sold price as a percentage of the median original list price was 96%. 

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

Falls Church City Real Estate:

The Falls Church City market had 49 sales of single family residential properties in the 3rd quarter with a median sold price was $846,000 and a sold price range of $575,000 - $1,650,000.  This is down from a median sold price of $875,000 in the 2nd quarter but up from $815,000 during the 3rd quarter 2016. The median sales-to-list price ratio based on the original list price was 96% in the 3rd quarter with a median days-on-market of 11 days.

There were 14 condominium unit sales with a median sold price of $477,400 and a range of $195,000 - $960,000 in the 3rd quarter. This is a slight increase from a median sold price of $475,000 year-over-year and an increase from $450,000 in the 2nd quarter 2017.  The median days-on-market was 12 days in the 3rd quarter 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 1,645 single family residential sales in the Loudoun County market in the 3rd quarter with an average sold price was $546,639 and a sold price range of $135,480 - $3,000,000. This is up from an average sold price of $520,506 year-over-year.  The days-on-market ranged 0 - 608 days with an average DOM of 30 days. The average sold price to average original list-price ratio was 98%.     

Loudoun County had 317 condominium unit sales in the 3rd quarter, up from 295 units sold during the 3rd quarter in 2016.  The average sold price was $304,999, up from an average sold price of $293,728 in the previous quarter and up from $278,816 in the 3rd quarter 2016.   The sold price range was $85,000 - $615,000 with an average days-on-market of 12 days. The average sold price as a percentage of the average original  list price was 98% 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 a total of 140 single family residential sales in the City of Manassas during the 3rd quarter with a sold price range of $140,000 - $574,000. The median sold price was $337,500, up from a median sold price of $325,500 in the 2nd quarter and also up from a median sold price of  $319,500 year-over-year.  The median days-on-market was 13 days with a range of 0 - 279 days. The median sold price as a percentage of the median original list price was slightly more than 100%.

There were a total of 47 condominium unit sales in the 3rd quarter with a sold price range of $115,000 - $358,000 and a median sold price of $182,000.  This is up from $180,000 in the 2nd quarter and down from a median sold price of 192,250 year-over-year.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 52 single family residential sales in the Manassas Park City market during the 3rd quarter 2017. The sold price range was $130,000 - $520,000. The median sold price was $296,250, up from $285,000 for the same period in 2106. The median days-on-market was 11 days and the median sold price as a percentage of the median original list price was 100% in the 3rd quarter.

There was a total of 11 condominium unit sales Manassas Park City with a price range of $120,000 - $269,900 and a median sold price of $210,500.   This is down  from a median sold price of $216,500 in the previous quarter and down from $215,000 for the same period in 2016.   The sales price to list price ratio was 99% in the 2nd quarter with a median days-on-market was 9 days.  

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

Prince William County Real Estate:

There were a total of 1,840 single family residential sales in the Prince William County market in the 3rd quarter, down from 1,911 units sold year-over-year. The average sales price was $393,552 with a sold price range of $60,000 - $1,175,000.  This is down slightly from an average sold price of $403,453 in the 2nd quarter and up from $380,225 in the 3rd quarter 2016. The average days-on-market was 26 days in the 3rd quarter with a range of 0 - 1,182 days. The average sold price as a percentage of the average original list price was 98%. 

There were 250 condominium unit sales in the Prince William County market for the 3rd quarter, down from 285 units sold in the previous quarter and unchanged also up from 250 units sold in the 3rd quarter 2016.  Sold prices have ranged $95,000 - $525,000 with an average sold price of $248,678, down from an average sold price of $260,000 in the 2nd quarter but up from $246,967 year-over-year.  The average days on market was 35 days with a sales-to-list-price ratio was 98%.  

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 December 6th, 2017 3:21 PMPost a Comment

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