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Northern Virginia Market Quarterly - 4th Quarter 2015
January 24th, 2016 4:23 PM

There were a total of 6,131 single family residential sales in the Northern Virginia real estate market in the 4th quarter 2015. This is down from 8,266 units sold in the 3rd quarter but up slightly from 5,972 units year-over-year.   

The average sold price for single family residential properties in the 4th quarter was $543,427, up from $540,190 in the 3rd quarter and also up from an average sold price of $538,438 for the same period in 2014.

Sold prices ranged from a low of $108,500 to a high of $7,250,000 in the 4th quarter.  Days-on-market ranged 0 -1,437 days with an average DOM of 47 days.  The average sold price as a percentage of the average original list price was 95%, down from 97% in the previous quarter and also down from 97% in the 4th quarter 2014. 

There were 1,678 condominium unit sales for the 4th quarter, down from 2,123 units in the 3rd quarter but up slightly from 1,631 units in the 4th quarter 2014.  The sold prices ranged $30,000 - $1,695,000 with an average sold price of $305,174. This is down only slightly from $306,443 in the 3rd quarter and down from an average sold price of $322,649 for the 4th quarter 2014.  The average days on market was 50 days and the average sold price as a percentage of the average original list price was 96%, down from 97% in the 3rd 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 302 single family residential sales in the City of Alexandria for the 4th quarter 2015.  The sold prices ranged $250,000 - $3,450,000 with a median sold price of $621,325.  This is down from a median sold price of $650,000 in the previous quarter and down from $644,750 in the 4th quarter 2014.  The days-on-market  ranged from 0 - 511 days with a median days-on market of 19 days.  The median sold price as a percentage of the median original list price was 97% in the 4th quarter.    

The median sold price for condominium units in the City of Alexandria market was $302,450 with a range of $91,500 - $1,050,000.  This is up from a median sold price of $285,000 in the 3rd quarter but down from a median sold price of $310,000 in the 4th quarter 2014.  The median sold price as a percentage of the original list price was 99% with a median days-on-market of 34 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 307 single family residential sales in the 4th quarter.  Sold prices ranged $270,000 - $2,150,000 with a median sold price of $775,000.  This is up from a median sold price of $747,950 year-over-year.  Days-on-market ranged from 0 - 286 days with a median days-on-market of 16 days. The median sold price as a percentage of the median original list price was 99% in the 4th quarter.  

Arlington County shows 310 condominium unit sales with a sold price range of $30,000 - $1,500,000 and a median sold price of $380,000.  This is down from a median sold price of $387,500 in the 3rd quarter and down from $393,250  year-over-year. Days-on-market has ranged 0-510 days with a median DOM of 26 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 a total of 2,500 single family residential sales in the Fairfax County market in the 4th quarter 2015, down from 3,451 units in the 3rd quarter but up slightly from 2,420 units sold year-over-year.  The average sold price was $603,867 in the 4th quarter, down from an average sold price of $611,001 in the 3rd quarter but up from $601,178 for the same period in 2014.  The sold prices ranged $170,000 - $4,100,000 in the 4th quarter.  The average days-on-market was 46 days in the 4th quarter with an average sold price as a percentage of the average original list price was 95%.  

There were 684 residential condominium units sold in Fairfax County in the 3rd quarter, down from 775 units in the 3rd quarter but up from 604 units sold year-over-year. The sold price range was $85,000 - $1,695,000 with an average sold price of $279,762.  This is down from an average sold price of $285,571 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 50 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 65 single family residential sales in the Fairfax City market in the 4th quarter with a median sold price was $525,000, up from $505,000 in the 3rd quarter and up from $480,000 year-over-year.  The sold price range was $380,000 - $1,400,000 in the 4th quarter with a median days-on-market of 40 days. The median sold price as a percentage of the median original list price was 98%.

There were 20 residential condominium unit sales in the 4th quarter.  The sold prices ranged $25,000 - $378,300 with a median sold price of $189,950. This is down from a median sold price of $199,000 in the 3rd quarter and down from $225,000 year-over-year. The median days-on-market was 31 days and the median sold price as a percentage of the median original list price was 98%. 

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

Falls Church City Real Estate:

Falls Church City had 23 sales of single family residential properties in the 4th quarter. . The median sold price was $812,000 with a sold price range of $547,000 - $1,650,000. This is down only slightly from a median sold price of $815,00 in the 3rd quarter and up from $762,500 year-over-year.   The median sales-to-list price ratio based on the original list price was 98% with a median days-on-market of 14 days.

There were 13 Condominium unit sales in Falls Church City with a median sold price of $525,000 and a range of $200,000 - $713,400 for the 4th quarter. This is an increase from a median sold price of $422,975 in the 4th quarter 2014.  The median days-on-market was 18 days and the median sales price as a percentage of the median original list price was 96%.

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

Loudoun County Real Estate:

There were a total of 1,213 single family residential sales in Loudoun County in the 4th    quarter, down from 1,548 units sold in the 3rd quarter but up from 1,164 units for the same quarter in 2014.  The average sold price was $520,420 with a sold price range of $130,500 - $5,500,000. 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 - 1,437 days with an average of 53 days. The average sold price to average original list-price ratio was 96%.    

There were 207 condominium unit sales in the 4th quarter, down from 258 units in the 3rd quarter and down from 225 units sold in the 4th quarter 2014.  The average sold price was $269,216, an increase from a average sold price of $260,192 in the 3rd quarter but down from $278,488 year-over-year. The sold price range was $83,475 - $640,000 with an average days-on-market of 55 days. The average sold price as a percentage of the average original  list price was 96% in the 4th 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 110 single family residential sales in the City of Manassas in the 4th quarter with a sold price range of $129,500 - $459,000. The median sold price was $292,450, down from $299,900 in the 3rd quarter and up from $270,000 in the 4th quarter 2014.  The median days-on-market was 26 days with a range of 0 - 217 days. The median sold price as a percentage of the median original list price was 96% in the 4th quarter.

There were 23 condominium unit sales in the 4th quarter with a sold price range of $115,000 - $290,000 and a median sold price of $185,000.  This is down from a median sold price of $194,000 for the same period in 2014.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 49 single family residential sales in the Manassas Park City market in the 4th quarter 2015. The sold price range was $162,500 - $440,000. The median sold price was $275,000, down from $280,000 in the previous quarter and unchanged from $275,000 year-over-year. The median days-on-market was 36 days with a range of 0 - 228 days. The median sold price as a percentage of the median original list price was 96% in the 4th quarter.

There were 6 condominium unit sales in Manassas Park City with a price range of $191,000 - $230,000 and a median sold price of $197,000, up slightly from $196,111 for the same period in 2014.   The sales price to list price ratio was 99% based on original list price and the median days-on-market was 14 days.  

   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 1,301 single family residential sales in the 4th quarter 2015, down from 1,819 units sold in the 3rd quarter and down  from 1,312 units sold year-over-year.  The average sales price was $368,513 with a sold price range of $125,000 - $1,301,513.  This is up from an average sold price of $365,285 in the 3rd quarter and up from $365,900 year-over-year.  The average days-on-market was 61 days with a range of 0 - 577 days. The average sold price as a percentage of the average original list price was 96%. 

There were 163 Condominium unit sales in the Prince William County market in the 4th  quarter 2015, down from 241 units sold in the previous quarter and up slightly from 163 units sold in the 4th quarter 2014. . The average sold price was $232,887, down only slightly from $229,293 for the same period 2014. The sold price range was $75,000 - $939,400 with an average days on market of 56 days in the 4th quarter. The sales-to-list-price ratio was 97%.  

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 January 24th, 2016 4:23 PMPost a Comment

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