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Northern Virginia Market Quarterly - 4th Quarter 2014
March 12th, 2015 4:18 PM

There were a total of 5,972 single family residential sales in the Northern Virginia real estate market in the 4th quarter 2014. This is down from 7,285 units in the 3rd quarter and up slightly from 5,943 units year-over-year.  

The average sold price for single family residential properties in the 4th quarter was $538,438, virtually unchanged from $539,597 in the 3rd quarter and up from an average sold price of $518,156 for the same period in 2013.

Sold prices ranged from a low of $39,000 to a high of $6,375,000.  Days-on-market ranged 0 -1,579 days with an average DOM of 61 days.  The average sold price as a percentage of the average original list price was 97%, unchanged from 97% in the previous quarter and up from 96% in the 4th quarter 2013. 

There were 1,631 condo unit sales in the 4th quarter in the Northern Virginia real estate market.  The sold prices ranged $50,000 - $3,495,000 with an average sold price of $322,649. This is up from an average sold price of $319,069 in the 3rd quarter and up from $310,165 for the same period 2013.  The average days on market was 54 days and the average sold price as a percentage of the average original list price was 97%. 

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 250 single family residential sales in the City of Alexandria in the 4th quarter 2014.  The sold price range was $310,000 - $3,483,000 with a median sold price of $644,750.  This is down slightly from an average sold price of $650,000 in the previous quarter and down from $671,354 in the 4th quarter 2013.   The days-on-market has ranged from 0 - 708 days with a median days-on market of 20 days.  The median sold price as a percentage of the median original list price was 99% in the 4th quarter, up from 97% in the 3rd quarter.  

The median sold price for condominium units in the City of Alexandria market was $302,000. This is down from an average sold price of $310,000 in the 3rd quarter and up slightly from $299,000 for the same period in 2013. The sold price range was $118,000 - $3,495,000 in the 4th quarter. The median sold price as a percentage of the original list price was 96% with a median days-on-market of 35 days.

Check our Alexandria City Monthly Market Updates.

   Call us for your real estate appraisal needs in Alexandria City!

Arlington County Real Estate:

There were 349 single family residential sales in the 3rd quarter.  Sold prices ranged $320,000 - $2,860,000 with a median sold price of $747,950, virtually unchanged from a median sold price of $750,000 in the previous quarter and $750,000 in the 3rd quarter 2013.  Days-on-market ranged from 0 - 510 days with a median days-on-market of 17 days. The median sold price as a percentage of the median original list price was 98% in the 3rd quarter up from 97% in the 2nd quarter.  

Arlington County showed 321 condominium unit sales with a sold price range of $50,000 - $2,160,000 and a median sold price of $393,250.  This is a decline from a median sold price of $405,000 in the 3rd quarter but up from $390,000 year-over-year. Days-on-market has ranged 0-366 days with a median DOM of 23 days. The median sold price as a percentage of the median original list price was 99%, unchanged from the 3rd quarter.

Check our Arlington County Monthly Market Updates.

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

Fairfax County Real Estate:

There a total of 2,420 single family residential sales in the Fairfax County market in the 4th quarter, up slightly from 2,404 units sold year-over-year.  The average sold price was $601,178 in the 4th quarter with a sold price range of $200,000 - $4,065,309.

This is down only slightly rom an average sold price of $603,655 in the 3rd quarter and up from $588,674 for the 4th quarter 2013. The average days-on-market was 63 days in the quarter with an average sold price as a percentage of the average original list price was 95%, down from 97% in the 3rd quarter.  

There were 604 residential condominium units sold in Fairfax County in the 4th quarter 2014, down from 715 units in the 3rd quarter and down from 631 units sold in the 4th quarter 2013. The sold price range was $79,000 - $1,378,000 with an average sold price of $285,571.  This is an increase from an average sold price of $275,436 year-over-year.  The average sold price as a percentage of the average original list price was 96% with an average day-on-market of 55 days. 

Check out our Fairfax County Monthly Market Updates.

   Call us for your real estate appraisal needs in Fairfax County!

Fairfax City Real Estate:

There were 76 single family residential sales in the Fairfax City market in the 4th quarter with a median sold price was $480,000, up from $442,000 in the 4th quarter 2013.  The sold price range was $270,000 - $1,155,000 in the 4th quarter with a median days-on-market of 38 days. The median sold price as a percentage of the median original list price was 96%, down from 97% in the 3rd quarter.

There were 7 residential condo unit sales in the 3rd quarter with a sold price range of  $176,000 - $576,000 and a median sold price of $225,000. This is an increase rom a median sold price of $195,000 in the 3rd quarter and $186,000 year-over-year. The median days-on-market was 33 days and the median sold price as a percentage of the median original list price was 98%. 

   Call us for your real estate appraisal needs in Fairfax City!

Falls Church City Real Estate:

The city of Falls Church had 28 sales of single family residential properties in the 4th quarter. The median sold price was $762,500 with a sold price range of $367,500 - $1,430,000. This is a slight decrease from a median sold price of $770,000 year-over-year.  The median days-on-market was 39 days with a median sales-to-list price ratio based on the original list price was 96%.

There were 12 Condominium unit sales in Falls Church City with a median sold price of $422,975 and a range of $220,000 - $710,000. This is an increase from a median sold price of $406,000 in the 4th quarter 2013.  The median days-on-market was 6 days and the median sales price as a percentage of the median original list price was 100%.

   Call us for your real estate appraisal needs in Falls Church City!

Loudoun County Real Estate:

There were a total of 1,164 single family residential sales in Loudoun County in the 4th    quarter, virtually unchanged from 1,146 units in the 3rd quarter 2013. The average sold price was $519,641 with a sold price range of $80,000 - $5,175,000. This is an increase from an average sold price of $494,821 year-over-year.  The days-on-market ranged from 0 - 1,579 days with an average of 58 days. The average sold price to average original list-price ratio was 96%, down from 97% in the 4th quarter 2013.  

There were 225 condominium unit sales in the 4th quarter, up from 204 units sold in the 3rd quarter 2013.  The average sold price was $278,488, an increase from a average sold price of $266,400 year-over-year. The sold price range was $87,000 - $698,500 with an average days-on-market of 47 days. The average sold price as a percentage of the average original  list price was 99% in the 4th quarter, up from 98% year-over-year.

Check out our Loudoun County Monthly Market Updates.

   Call us for your real estate appraisal needs in Loudoun County!

Manassas City Real Estate:

There were 89 single family residential sales in the City of Manassas in the 4th quarter with a sold price range was $144,000 - $730,000. The median sold price was $270,000, down only slightly from $273,000 year-over-year. The median days-on-market was 49 days with a range of 0 - 384 days. The median sold price as a percentage of the median original list price was 98% in the 4th quarter.

There were 29 condominium unit sales in the 4th quarter with a sold price range of $99,500 - $321,000 and a median sold price of $194,000. This is an increase from a median sold price of $162,500.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 55 single family residential sales in the Manassas Park City market in the 4th quarter 2014. The sold price range was $103,000 - $521,500. The median sold price was $275,000, up from $244,000 in the year-over-year. The median days-on-market was 29 days with a range of 0 - 170 days. The median sold price as a percentage of the median original list price was 98% in the 2nd quarter.

There were 5 condominium unit sales in Manassas Park City with a price range of $125,000 - $215,000 and a median sold price of $186,000, up fro m $174,000 year-over-year.  The sales price to list price ratio was 93% based on original list price.

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

Prince William County Real Estate:

The Prince William County market shows total of 1,312 single family residential sales in the 3rd quarter, up from 1,288 units in the 4th quarter 2013. The average sold price was $365,900 with a sold price range of $92,500 - $1,500,000.  This is a slight decline from an average sold price of $371,938 in the 3rd quarter but an increase from $348,295 year-over-year.  The average days-on-market was 60 days with a range of 0 - 917 days. The average sold price as a percentage of the average original list price was 96%, down from 97% in the 3rd quarter. 

There were 160 Condominium unit sales in the Prince William County market in the 4th quarter 2014. The average sold price was $264,220, up from $229,293 in the 3rd quarter and up from $229,656 in the 4th quarter 2013. The sold price range was $96,000 - $1,034,886 with an average days-on-market of 57 days. The sales-to-list-price ratio was 98% in the 3rd quarter, up from 97% in the 3rd quarter.

Check out our Prince William County Monthly Market Updates.

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


Posted in:General
Posted by Erol Sevin on March 12th, 2015 4:18 PMPost a Comment

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