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Northern Virginia Market Quarterly - 4th Quarter 2011
February 12th, 2012 3:35 PM

Let's take a look at the fourth quarter 2011...

There were a total of 5,036 single family residential sales in the Northern Virginia real estate market in the 4th quarter 2011, down from total of 5,602 sales in the 4th quarter 2010 and down from 8,555 sales in the 3rd quarter 2011.

Condominium sales came in at 1,391 units for the 4th quarter, down from 1,805 units sold in the 3rd quarter and down from a total of 1,474 units sold in the 4th quarter 2010.

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 221 single family residential sales in the City of Alexandria for the 4th quarter, down from 258 sales in the 3rd quarter and down slightly from 226 sales in year-over-year.  The sold price range was $123,000 - $1,860,000 with an average sold price of $600,814 down from and average sold price of $643,902 in the 3rd quarter and down from an average of $614,149 in the 4th quarter 2010. The median sold price was $550,000 in the 4th quarter, down slightly $557,750 year-over-year. The median sold price as a percentage of the median original list price was 96%. The days-on-market has ranged from 0 - 330 days with a median days-on market of 37 days.

Residential condominium unit sales in the City of Alexandria remained virtually unchanged at 212 units from 213 units sold in the 4th quarter 2010, but down from 231 units in the 3rd quarter 2011.  The sold price range was $55,000 - $2,200,000 with a median sold price of $248,750.  This is down from a median sold price of $258,500 in the 3rd quarter but remaining stable as compared to $249,000 in the 4th quarter 2010. 

Check our Alexandria City Monthly Market Updates.

We appraise Alexandria City real estate!

Arlington County Real Estate:

The Arlington County market saw a decline in single family residential sales sales from 337 units in the 3rd quarter to 254 units in the 4th quarter.  We als saw a decline year-over-year from 320 units.  Sold prices ranged from $200,000 - $1,890,000 with a median sold price of $640,000, down from $666,750 in the 3rd quarter 2011 and $666,750 in the 4th quarter 2010.  Days-on-market ranged from 0 -281 days with a median days-on-market of 30 days. The median sold price as a percentage of the median original list price remained at 97% in the 4th quarter, unchanged from the 3rd quarter.

There were 250 Comdominium unit sales with a sold price range of $64,000 - $3,500,000 and a median sold price of $358,700, down from $370,000 year-over-year and $369,500 in the 3rd quarter.  Days-on-market has ranged 0-369 days with a median DOM of 29 days. The median sold price as a percentage of the median original list price was 97% for the 4th quarter.

Check our Arlington County Monthly Market Updates.

We appraise Arlington County real estate!

Fairfax County Real Estate:

Fairfax County had 2,097 single family residential sales in the 4th quarter, down from 2,893 in the 3rd quarter and 2,356 units in the 4th quarter 2010. The average sold price was $514,173 with a sold price range of $85,000 - $8,600,000. This is a decrease from an average sold price of $526,694 year-over-year and $551,788 in the 3rd quarter 2011.  The average days-on-market was 52 days in the 4th quarter with a range of 0 - 823 days. The average sold price as a percentage of the average original list price has been 94% in the 4th quarter.

There were 561 residential condominium unit sales with a price range of $49,000 - $2,700,00 and an average sold price of $242,611.  The number of units sold declined from 660 and the average sold price increased from $233,399 in the 3rd quarter.  There was also an increase from an average sold price of $223,253 in the 4th quarter 2010. The average sold price as a percentage of the average original list price has been 95%. The average days-on-market has been 41.

Check out our Fairfax County Monthly Market Updates.

We appraise Fairfax County real estate!

Fairfax City Real Estate:

There were 45 single family residential sales in Fairfax City in the 4th quarter, down from 64 sales in the 3rd quarter 2011. The median sold price was $420,000, down from a median of $455,000 in the 3rd quarter 2011 and down only slightly from $422,500 year-over-year. The sold price range has been $290,000 - $912,000 in the 4th quarter with a median days-on-market of 35 days. The median sales price to median original list price ratio was 95%.

There were 11 residential condo unit sales ion the 4th quarter. The sold price range has been $121,000 - $343,600 with a median sold price of $145,000 and a median days-on-market of 19.

We appraise Fairfax City real estate!

Falls Church City Real Estate:

The city of Falls Church saw 24 sales of single family residential properties in the 4th, down from 45 sales in the 3rd quarter. The median sold price was $744,500 with a sold price range of $450,000 - $1,318,700. Looking back a year we see a median sold price of $560,000 and a sold price range of $326,626 - $1,356,500 for the 4th quarter 2010. The median days-on-market was 35 with a range of 0 - 127 days in the 4th quarter 2011 and the sales-to-list price ratio based on the original list price was 96%.

Condominium unit sales amounted to 22 units with a median sold price of $372,950, up from a medain of $363,750 for the 3rd quarter and down from $394,900 year-over-year.  The sold price range was $145,000 - $62    5,000 with a median days-on-market of 49.

We appraise Falls Church real estate!

Loudoun County Real Estate:

There were a total of 932 single family sales in Loudoun County in the 4th quarter, down from 1,159 sales in the 3rd quarter. The average sold price was $439,180 with sold price range of $3,000 - $4,500,000. This is a slight decrease from an average sold price of $448,813 in the 3rd quarter 2011 but an increase as compared to an average sold price of $425,685 in the 4th quarter 2010. The days-on-market ranged from 0 - 643 days with an average of 67 days. The sales-to-list-price ratio was 95% based on the original list price.

Condominium unit sales numbered 159 units in the 4th quarter a slight decline from 166 units sold in the 3rd quarter.  The  median sold price was $210,000, unchanged from the 3rd quarter and an increase from a median sold price of $190,000 for the 4th quarter 2010. The sold price range was $70,000 - $415,000. with a median DOM of 28 days.

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 86 single family residential sales in the 4th quarter 2011, down from 105 units sold in the 3rd quarter 2011 and down from 99 sales in the 4th quarter 2010. The sold price range was $65,000 - $565,000.  The median sold price was $200,000 up from $190,000 year-over-year. Median days-on-market was 19 days with a range of 0 - 224 days. The median sold price as a percentage of the median original list price was 100% in the 3rd quarter.

There were 20 condominium unit sales with a price range of $82,500 - $162,000 and a median sold price of $110,500.  This is an increase from a median sold price of $105,000 in the 3rd quarter and $109,950 for the 4th quarter 2010.

We appraise Manassas City real estate!

Manassas Park City:

There were a total of 39 single family residential sales in Manassas Park City in the 4th quarter 2011.  The sold price range was $100,000 - $482,000. The median sold price was $200,000, up from $189,900 year-over-year. The median days-on-market was 30 days with a range of 0 - 263 days.  The median sold price as a percentage of the median original list price was 91% in the 4th quarter.

Condominium unit sales amounted to 21 in Manassas Park City with a price range of $61,500 - $207,500 and a median sold price of $149,000. The sales price to list price ratio was 93%.

We appraise Manassas Park real estate!

Prince William County Real Estate:

The Prince William County market saw a decline in the number of single family residential sales from 1,450 units in the 3rd quarter to 1,172 in the 4th quarter.  This is also a decline from 1,294 units in the 4th quarter 2010. The average sold price was $291,062 with a price range of $68,000 - $1,310,000. This compares to an average sold price of $305,703 for the 3rd quarter 2011 and $287,684 in the 4th quarter 2010. The average day-on-market was 50 days with a range of 0 - 700 days. The sales-to-list-price ratio was 95%.

There were 126 Condominium unit sales in Prince William County, up from 112 units in the 3rd quarter and a decline year-over-year from 149 units. The median sold price was $160,000 in the 4th quarter, up from a median sold price of $153,725 in the 3rd quarter. The sold price range was $58,000 - $355,000 with a median days-on-market of 27.

Check out our Prince William County Monthly Market Updates.

We appraise Prince William County real Estate

 

 

 


Posted in:General
Posted by Erol Sevin on February 12th, 2012 3:35 PMPost a Comment

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