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Northern Virginia Market Quarterly - 2nd Quarter 2018
August 22nd, 2018 4:24 AM

There were a total of 9,960 single family residential properties sold in the Northern Virginia real estate market in the 2nd quarter 2018. This is up from 8,604 units sold year-over-year and also up from 5,305 units sold in the previous quarter.    

The average sold price for single family residential properties in the 2nd quarter was $599,056.  This is down from an average sold price of $616,304 in the 2nd quarter 2017 but up from $582,479 in the previous quarter.  

Sold prices ranged $40,000 - $43,000,000 in the 2nd quarter.  Days-on-market ranged 0 - 1,623 days with an average DOM of 21 days.  The average sold price as a percentage of the average original list price was 99%, up from 98% the previous  quarter.  

There were 2,655 condominium unit sales in the 2nd quarter 2018, up from 1,803 units sold in the 1st quarter but down slightly from 2,674 units sold in the 1st quarter 2017.  The sold prices ranged $87,000 - $3,050,000 with an average sold price of $326,058.  This is up from an average sold price of $326,058 in the previous quarter and up from $317,044 year-over-year.  The average days on market was 23 days in the 2nd quarter and the 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 436 single family residential sales in the City of Alexandria in the 2nd quarter.  The sold prices ranged $230,000 - $2,875,000 with a median sold price of $728,750.  This is up from a median sold price of $693,500 in the previous quarter and also up from a median sold price of $685,125 during the same period in the 2nd quarter 2017.  The days-on-market ranged from 0 - 385 days with a median days-on market of 6 days.  The median sold price as a percentage of the median original list price was 100% in the 2nd quarter.     

The median sold price for condominium units in the City of Alexandria market was $288,495 in the 2nd quarter with 402 units sold and a sold price range of $87,000 - $2,600,000.  This is down slightly from a median sold price of $291,750 year over year but up from $271,000 in the previous quarter.  The median sold price as a percentage of the original list price was 98% with a median days-on-market of 11 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 407 single family residential sales for the 2nd quarter in Arlington County.  Sold prices ranged $230,000 - $3,270,011 with a median sold price of $870,000, up from a median sold price of $845,000 year-over-year and also up from $823,000 in the 1st quarter 2018. Days-on-market ranged from 0 - 318 days with a median days-on-market of 7 days.  The median sold price as a percentage of the median original list price was 100%, up from 99% in the previous quarter.   

There were 508 condominium unit sales in Arlington County with a sold price range of $99,999 - $3,050,000 and a median sold price of $448,626.  This is up from a median sold price of $399,900 with 324 units sold in the previous quarter and also up from $400,000 year-over-year with 472 units sold.   Days-on-market ranged 0-318 days in the 2nd quarter with a median DOM of 7 days. The median sold price as a percentage of the median original list price was 101%. 

Check our Arlington County Monthly Market Updates.

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

Fairfax County Real Estate:

There were 4,313 single family residential sales in the Fairfax County market in the 2nd quarter 2018.  The average sold price was $667,020, up from an average sold price of $638,820 in the previous quarter and up from $644,533 year-over-year with 4,330 units sold.  The sold prices ranged from a low of $157,000 to a high of $43,00,000 in the 2nd quarter with an average days-on-market was 19 days.  The average sold price as a percentage of the average original list price was 98%, up from 97% in the previous quarter.   

There were 972 residential condominium units sold in Fairfax County for the 2nd quarter, up from 708 units in the previous quarter and down from 1,044 units sold during the 2nd quarter 2017. The sold price range was $87,000 - $1,600,000 with an average sold price of $295,832.  This is up from an average sold price of $288,915 year-over-year and up from $285,399 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 22 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 96 single family residential sales in the Fairfax City market in the 2nd quarter with a median sold price of $605,000.  This is up from a median sold price of $574,000 with 59 sales in the previous quarter and also up from a median sold price of 516,000 for the same period 2017.  The sold price range was $224,500 - $1,243,000 in the 2nd quarter with a median days-on-market of 7 days. The median sold price as a percentage of the median original list price was 99%.

There were 28 residential condominium unit sales in the 2nd quarter.  The sold prices ranged $165,000 - $669,402 with a median sold price of $350,000, up from a median sold price of $192,500 year-over-year.  The median days-on-market was 10 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 47 sales of single family residential properties in City of Falls Church in the 2nd quarter with a median sold price was $900,000 and a sold price range of $425,000 - $1,589,900.  This is up from $875,000 in the 2nd quarter 2017.   The median sales-to-list price ratio based on the original list price was 102% in the 2nd 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 2nd quarter.  The median days-on-market was 6 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 1,925 single family residential properties sold in the Loudoun County market for the 2nd quarter 2018 with an average sold price $567,554 and a sold price range of $190,000 - $3,700,000. This is up from an average sold price of $555,175 with 1,031 sales in the previous quarter and also up from $549,473 with 1,889 units  for the same period in 2017.  The days-on-market ranged 0 - 614 days with an average DOM of 37 days. The average sold price to average original list-price ratio was 98%.     

There were 350 condominium unit sales in the 2nd quarter, up from 321 units sold during the same period in 2017.  The average sold price was $314,750, up  from an average sold price of $308,000 in the previous quarter and also up from $293,728 year-over-year.   The sold price range was $123,700 - $828,611 with an average days-on-market of 22 days. The average sold price as a percentage of the average original  list price was 99% in the 2nd 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 163 single family residential sales in the City of Manassas in the 2nd quarter with a sold price range of $160,000 - $590,000. The median sold price was $342,450, up from a median sold price of $342,450 in the previous quarter and also up from a median sold price of  $325,500 year-over-year.  The median days-on-market was 10 days in the 2nd quarter with a range of 0 - 390 days. The median sold price as a percentage of the median original list price was 98%.

There were a total of 37 condominium unit sales in the 2nd quarter with a sold price range of $143,000 - $355,000 and a median sold price of $190,000.  This is down from a median sold price of $169,000 in the previous quarter and also up from a median sold price of $180,000 year-over-year.

   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 during the 2nd quarter 2018. The sold price range was $223,000 - $520,000. The median sold price was $320,000, up from $295,000 in the previous quarter and also up from $294,900 for the same period in 2017. The median days-on-market was 8 days and the median sold price as a percentage of the median original list price was 98% in the 2nd quarter.

There were 12 condominium unit sales in Manassas Park City with a sold price range of $133,500 - $269,000 and a median sold price of $221,000.   This is down slightly from a median sold price of $225,000 in the previous quarter but up from $216,500 year-over-year.  The sales price to list price ratio was 98% in the 2nd quarter with a median days-on-market was 6 days.  

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

Prince William County Real Estate:

There were 2,066 single family residential sales in the Prince William County market in the 2nd quarter, down from 2,168 units sold year-over-year. The average sales price was $418,127 with a sold price range of $150,000 - $1,240,000.  This is up from an average sold price of $400,272 in the previous quarter and up from $403,453 for the same period in 2017. The average days-on-market was 21 days in the 2nd quarter with a range of 0 - 389 days. The average sold price as a percentage of the average original list price was 99%. 

There were a total of 276 condominium unit sales in the Prince William County market for the 2nd quarter, up from 169 units sold in the previous quarter and down slightly from 285 units sold in the 2nd quarter 2017.  Sold prices have ranged $109,000 - $465,000 with an average sold price of $275,000.  This is up from an average sold price of $254,990 in the previous quarter and also up from $260,000 for the same period a year earlier in the 2nd quarter 2017.  The average days on market was 11 days in the 2nd 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 August 22nd, 2018 4:24 AMPost a Comment

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