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Northern Virginia Market Quarterly - 4th Quarter 2017
January 5th, 2018 10:53 AM

There were a total of 6,551 single family residential sales in the Northern Virginia real estate market in the 4th quarter. This is down only slightly from 6,565 units sold year-over-year and down from 8,289 units sold in the 3rd quarter.    

The average sold price for single family residential properties in the 4th quarter was $571,705, up from an average sold price of $551,620 year-over-year and virtually unchanged from $571,879 in the previous quarter.  

Sold prices ranged $90,000 - $11,292,020 in the 4th quarter.  Days-on-market ranged 0 - 2,753 days with an average DOM of 37 days.  The average sold price as a percentage of the average original list price was 97%, unchanged from the 3rd quarter.  

There were 1,947 condominium unit sales in the 4th quarter 2017, down from 2,405 units sold in the 3rd quarter and up slightly from 1,936 units sold in the 4th quarter 2016.  The sold prices ranged $92,500 - $3,258,000 with an average sold price of $325,185.  This is up from an average sold price of $319,638 in the previous quarter and also up from $315,449 year-over-year.  The average days on market was 36 days in the 4th quarter 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 298 single family residential sales in the City of Alexandria in the 4th quarter.  The sold prices ranged $205,000 - $2,830,000 with a median sold price of $661,000.  This is down from a median sold price of $690,000 in the previous quarter and up from a median sold price of $656,233 in the 4th quarter 2016.  The days-on-market ranged from 0 - 543 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 4th quarter.     

The median sold price for condominium units in the City of Alexandria market was $303,425 in the 4th quarter with 314 units sold and a sold price range of $97,500 - $1,215,000.  This is up from a median sold price of $280,000 during the same period in 2016 and also up from $289,000 in the 3rd quarter.  The median sold price as a percentage of the original list price was 97% with a median days-on-market of 22 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 330 single family residential sales for the 4th quarter in Arlington County.  Sold prices ranged $258,000 - $2,950,000 with a median sold price of $795,150, up from a median sold price of $766,000 year-over-year but down from $839,900 in the 3rd quarter. Days-on-market ranged from 0 - 224 days with a median days-on-market of 16 days.  The median sold price as a percentage of the median original list price was 97%.   

There were 372 condominium unit sales in Arlington County with a sold price range of $95,000 - $3,258,000 and a median sold price of $398,500.  This is up from a median sold price of $386,250 with 450 units sold in the previous quarter and also up from $394,000 year-over-year with 376 units sold.   Days-on-market ranged 0-331 days in the 4th quarter with a median DOM of 20 days. The median sold price as a percentage of the median original list price was 99%. 

Check our Arlington County Monthly Market Updates.

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

Fairfax County Real Estate:

There were 2,625 single family residential sales in the Fairfax County market in the 4th quarter 2017.  The average sold price was $644,416, up from an average sold price of $638,990 in the 3rd quarter and up from $611,997 year-over-year with 2,640 units sold.  The sold prices ranged from a low of $155,200 to a high of $6,395,000 in the 4th quarter with an average days-on-market was 38 days.  The average sold price as a percentage of the average original list price was 96%.   

There were 712 residential condominium units sold in Fairfax County for the 4th quarter, down from 941 units sold in the previous quarter and down only slightly from 719 units sold during the 4th quarter 2016. The sold price range was $94,500 - $1,435,000 with an average sold price of $285,366.  This is up from an average sold price of $279,080 year-over-year and down from $288,930 in the previous quarter.  The average sold price as a percentage of the average original list price was 97% with an average day-on-market of 37 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 69 single family residential sales in Fairfax City market for the 4th quarter with a median sold price of $560,000 up from a median sold price of $557,000 in the previous quarter and up from a median sold price of 525,000 in the 4th quarter 2016.  The sold price range was $393,000 - $1,004,700 in the 4th quarter with a median days-on-market of 17 days. The median sold price as a percentage of the median original list price was 95%.

There were 43 residential condominium unit sales in the city of Fairfax in the 4th quarter.  The sold prices ranged $128,000 - $661,531 with a median sold price of $458,717.  The median days-on-market was 5 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 27 sales of single family residential properties in City of Falls Church in the 4th quarter with a median sold price was $800,000 and a sold price range of $530,000 - $1,776,000.  This is down from a median sold price of $846,000 in the 3rd quarter but up from $744,750 year-over-year.  The median sales-to-list price ratio based on the original list price was 98% in the 4th quarter with a median days-on-market of 34 days.

There were 10 condominium unit sales in Falls Church City with a median sold price of $300,250 and a range of $169,900 - $710,000 in the 4th quarter.  The median days-on-market was 17 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 1,276 single family residential sales in the Loudoun County market for the 4th quarter with an average sold price was $553,768 and a sold price range of $130,000 - $2,67,881. This is up from an average sold price of $534,506 for the same period in 2016.  The days-on-market ranged 0 - 2,753 days with an average DOM of 38 days. The average sold price to average original list-price ratio was 97%.     

There were 230 condominium unit sales in the 4th quarter, down from 274 units sold during the 4th quarter in 2016.  The average sold price was $297,500, down slightly from an average sold price of $304,999 in the previous quarter and up from $272,533 in the 4th quarter of 2016.   The sold price range was $92,500 - $576,045 with an average days-on-market of 17 days. The average sold price as a percentage of the average original  list price was 99% 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 126 single family residential sales in the City of Manassas in the 4th quarter with a sold price range of $150,000 - $620,000. The median sold price was $339,000, up from a median sold price of $337,500 in the 3rd quarter and also up from a median sold price of  $309,500 year-over-year.  The median days-on-market was 16 days with a range of 0 - 197 days. The median sold price as a percentage of the median original list price was 98%.

There were a total of 35 condominium unit sales in the 4th quarter with a sold price range of $110,000 - $325,000 and a median sold price of $182,000.  This is unchanged from a median sold price of $182,000 in the 3rd quarter and down from a median sold price of $211,000 year-over-year.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 37 single family residential sales in the Manassas Park City market during the 4th quarter 2017. The sold price range was $211,000 - $487,000. The median sold price was $279,900, down from $284,800 for the same period in 2016. The median days-on-market was 19 days and the median sold price as a percentage of the median original list price was 98% in the 4th quarter.

There was a total of 17 condominium unit sales in Manassas Park City with a sold price range of $130,000 - $265,000 and a median sold price of $215,000.   This is up  from a median sold price of $210,500 in the previous quarter and also up from $202,500 year-over-year.  The sales price to list price ratio was 98% in the 4th quarter with a median days-on-market was 23 days.  

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

Prince William County Real Estate:

There were 1,460 single family residential sales in the Prince William County market for the 4th quarter, up from 1,418 units sold year-over-year. The average sales price was $396,965 with a sold price range of $120,000 - $11,292,020.  This is up from an average sold price of $393,552 in the 3rd quarter 2017 and up from $380,674 in the 4th quarter 2016. The average days-on-market was 34 days in the 4th quarter with a range of 0 - 835 days. The average sold price as a percentage of the average original list price was 99%. 

There were 192 condominium unit sales in the Prince William County market for the 4th quarter, down from 250 units sold in the previous quarter and  also down from 201 units sold in the 4th quarter 2016.  Sold prices have ranged $105,000 - $500,000 with an average sold price of $258,950, up from an average sold price of $248,678 in the 3rd quarter and up from $253,322 year-over-year.  The average days on market was 24 days with a sales-to-list-price ratio was 99%.  

Check out our Prince William County Monthly Market Updates.


Posted in:General
Posted by Erol Sevin on January 5th, 2018 10:53 AMPost a Comment

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