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Northern Virginia Market Quarterly - 3rd Quarter 2018
October 11th, 2018 3:48 AM

There were a total of 7,931 single family residential properties sold in the Northern Virginia real estate market in the 3rd quarter 2018. This is down from 8,289 units sold year-over-year and down from 9,960 units sold in the previous quarter.    

The average sold price for single family residential properties in the 3rd quarter was $587,684.  This is down from an average sold price of $599,056 in the previous quarter but up from $571,879 for the same period in 2017.  

Sold prices ranged $98,000 - $19,900,000 in the 3rd quarter.  Days-on-market ranged 0 - 1,602 days with an average DOM of 27 days.  The average sold price as a percentage of the average original list price was 97%, down from 99% the previous  quarter.  

There were 2,299 condominium unit sales in the 3rd quarter 2018, down from 2,655 units sold in the 2nd quarter and also down from 2,405 units sold in the 3rd quarter 2017.  The sold prices ranged $82,500 - $3,210,000 with an average sold price of $330,483.  This is up from slightly from an average sold price of $326,058 in the previous quarter and up from $319,638 year-over-year.  The average days on market was 27 days in the 3rd quarter with an 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 338 single family residential sales in the City of Alexandria in the 3rd quarter.  The sold prices ranged $270,000 - $2,100,000 with a median sold price of $715,000.  This is down from a median sold price of $728,750 in the previous quarter and up from a median sold price of $690,00 during the same period in the 3rd quarter 2017.  The days-on-market ranged from 0 - 397 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 $296,750 in the 3rd quarter with 374 units sold and a sold price range of $100,000 - $3,100,000.  This is up from a median sold price of $289,000 year over year and also up from $288,495  in the previous quarter.  The median sold price as a percentage of the original list price was 99% 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 376 single family residential sales for the 3rd quarter in Arlington County.  Sold prices ranged $185,000 - $3,125,000 with a median sold price of $865,000, up from a median sold price of $839,900 year-over-year and down only slightly from $870,000 in the 2nd quarter 2018. Days-on-market ranged from 0 - 419 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 420 condominium unit sales in Arlington County with a sold price range of $85,000 - $3,210,000 and a median sold price of $395,000.  This is down from a median sold price of $448,626 with 508 units sold in the previous quarter and up from $386,250 year-over-year with 450 units sold.   Days-on-market ranged 0-250 days in the 3rd quarter with a median DOM of 13 days. The median sold price as a percentage of the median original list price was 100%. 

Check our Arlington County Monthly Market Updates.

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

Fairfax County Real Estate:

There were 3,279 single family residential sales in the Fairfax County market in the 3rd quarter 2018.  The average sold price was $656,110, down slightly from an average sold price of $667,020 in the previous quarter but up from $638,990 year-over-year with 3,420 units sold.  The sold prices ranged from a low of $154,500 to a high of $19,900,000 in the 3rd quarter with an average days-on-market was 25 days.  The average sold price as a percentage of the average original list price was 98%.   

There were 835 residential condominium units sold in Fairfax County for the 3rd quarter, down from 972 units in the previous quarter and also down from 941 units sold during the 3rd quarter 2017. The sold price range was $82,500 - $1,550,000 with an average sold price of $293,730.  This is up from an average sold price of $288,930 year-over-year and down only slightly from $295,832 in the previous quarter.  The average sold price as a percentage of the average original list price was 98% with an average day-on-market of 26 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 68 single family residential sales in the Fairfax City market for the 3rd quarter with a median sold price of $575,000.  This is down from a median sold price of $605,000 with 96 sales in the previous quarter but up from a median sold price of $557,000 for the same period 2017.  The sold price range was $345,000 - $1,132,000 in the 3rd quarter with a median days-on-market of 7 days. The median sold price as a percentage of the median original list price was 101%.

There were 31 residential condominium unit sales in the 3rd quarter.  The sold prices ranged $170,000 - $695,000 with a median sold price of $359,000 . The median days-on-market was 9 days and the median sold price as a percentage of the median original list price was 100%. 

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

Falls Church City Real Estate:

There were 44 sales of single family residential properties in City of Falls Church for the 3rd quarter with a median sold price was $902,000 and a sold price range of $250,000 - $1,560,000.  This is up only slightly from $900,000 in the 2nd and up from $875,000 for the same period 2017.   The median sales-to-list price ratio based on the original list price was 102% in the 3rd quarter with a median days-on-market of 6 days.

There were 24 condominium unit sales in Falls Church City with a median sold price of $413,102 and a range of $217,000 - $1,090,000 in the 3rd quarter.  The median days-on-market was 13 days and the median sales price as a percentage of the median original list price was 99%.

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

Loudoun County Real Estate:

There were a total of 1,512 single family residential properties sold in the Loudoun County market in the 3rd quarter 2018 with an average sold price $564,437 and a sold price range of $130,000 - $1,900,000. This is down slightly from an average sold price of $567,554 with 1,925 sales in the previous quarter and up from an average sold price of $546,639 with 1,645 units sold year-over-year.   The days-on-market ranged 0 - 1,602 days with an average DOM of 29 days. The average sold price to average original list-price ratio was 99%.     

There were 318 condominium unit sales in the 3rd quarter, up from 317 units sold during the same period in 2017.  The average sold price was $313,875, up from $304,999 year-over-year.   The sold price range was $137,200 - $685,000 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 127 single family residential sales in the City of Manassas in the 3rd quarter with a sold price range of $155,000 - $550,000. The median sold price was $339,900, up slightly from a median sold price of $337,500 in year-over-year.  The median days-on-market was 14 days in the 3rd quarter with a range of 0 - 146 days. The median sold price as a percentage of the median original list price was 97%.

There were a total of 43 condominium unit sales in the 3rd quarter with a sold price range of $129,000 - $349,500 and a median sold price of $227,000.  This is up from a median sold price of $190,000 in the previous quarter and also up from a median sold price of $182,000 year-over-year.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 54 single family residential sales in the Manassas Park City market during the 3rd quarter.  The sold price range was $205,000 - $470,000. The median sold price was $304,500, down from $320,000 in the previous quarter but up from $296,250 for the same period in 2017. The median days-on-market was 23 days and the median sold price as a percentage of the median original list price was 101% in the 3rd quarter.

There were 8 condominium unit sales in Manassas Park City with a sold price range of $185,000 - $235,000 and a median sold price of $223,200.   This is up slightly from a median sold price of $221,000 in the previous quarter and also up from $210,500 year-over-year.  The sales price to list price ratio was 98% in the 2nd quarter with a median days-on-market was 15 days.  

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

Prince William County Real Estate:

There were a total of 1,796 single family residential sales in the Prince William County market in the 3rd quarter, down from 1,840 units sold year-over-year. The average sales price was $406,736 with a sold price range of $98,000 - $2,200,000.  This is down from an average sold price of $418,127 in the previous quarter and up from $393,552 during the same period in 2017. The average days-on-market was 25 days in the 3rd quarter with a range of 0 - 522 days. The average sold price as a percentage of the average original list price was 98%. 

There were 249 condominium unit sales in the Prince William County market in the 3rd quarter, down from 276 units sold in the previous quarter and virtually unchanged from 250 units sold in the 3rd quarter 2017.  Sold prices have ranged $112,000 - $565,000 with an average sold price of $270,000.  This is down from an average sold price of $275,000 in the previous quarter but up from $260,000 for the same period a year earlier in the 3rd quarter 2017.  The average days on market was 14 days in the 3rd quarter with a sales-to-list-price ratio was 98%.  

Check out our Prince William County Monthly Market Updates.


Posted in:General
Posted by Erol Sevin on October 11th, 2018 3:48 AMPost a Comment

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