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Northern Virginia Market Quarterly - 1st Quarter 2019
April 23rd, 2019 11:43 AM

There were a total of 5,302 single family residential properties sold in the Northern Virginia real estate market in the 1st quarter 2019. This is down from 6,053 units sold in the previous quarter and virtually unchanged from 5,305 units sold during the same period a year earlier.

The median sold price for single family residential properties in the 1st quarter was $534,347.  This is up from a median sold price of $527,882 in the previous quarter and also up from $524,968 for the same period in 2018.  

Sold prices ranged from a low of $60,500 to a high of $6,156,000 in the 1st quarter.  Days-on-market ranged 0 - 928 days with a median DOM of 31 days.  The median sold price as a percentage of the median original list price was 98%.  

There were 1,754 condominium unit sales in the 1st quarter 2019, down from 2,005 units sold in the previous quarter and also down slightly from 1,807 units sold in the 1st quarter 2018.  The sold prices ranged $30,000 - $3,871,999 with a median sold price of $291,250.  This is down slightly from a median sold price of $295,000 in the previous quarter but up from $285,000 year-over-year.  The median days on market was 28 days in the 1st quarter with a median sold price as a percentage of the original list price of 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 239 single family residential sales in the City of Alexandria in the 1sth quarter 2019.  The sold prices ranged $88,200 - $2,267,000 with a median sold price of $710,000.  This is down from a median sold price of $720,000 in the previous quarter but up from $693,500 in the 1st quarter 2018.  The days-on-market ranged from 0 - 330 days with a median days-on market of 21 days.  The median sold price as a percentage of the original list price was 98% in the 1st quarter.     

The median sold price for condominium units in the City of Alexandria market was $300,000 in the 1st quarter with 293 units sold. The sold price range was $120,000 - $1,360,000.  This is up from a median sold price of $271,000 year over year and also up from $295,000 in the previous quarter.  The median sold price as a percentage of the original list price was 100% with a median days-on-market of 28 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 258 single family residential sales for the 1st quarter in Arlington County.  Sold prices ranged $305,00 - $2,575,000 with a median sold price of $881,000, up from a median sold price of $823,000 year-over-year and also up   from $867,500 in the 4th quarter 2018. Days-on-market ranged from 0 - 414 days with a median days-on-market of 22 days.  The median sold price as a percentage of the original list price was 98%.    

There were 289 condominium unit sales in Arlington County with a sold price range of $30,000 - $1,600,000 and a median sold price of $398,000.  This is up slightly from a median sold price of $395,000 with 369 units sold in the previous quarter but down slightly from $399,900 year-over-year with 324 units sold.   Days-on-market ranged 0-301 days in the 1st quarter with a median DOM of 24 days. The median sold price as a percentage of the original list price was 102%. 

Check our Arlington County Monthly Market Updates.

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

Fairfax County Real Estate:

There were a total of 2,198 single family residential sales in the Fairfax County market in the 1st quarter 2019.  The median sold price was $575,000, up from a median sold price of $555,000 in the previous quarter  and also up from $564,000 year-over-year with 2,157 units sold.  The sold prices ranged from a low of $80,000 to a high of $6,156,000 in the 1st quarter with a median days-on-market of 27 days.  The median sold price as a percentage of the original list price was 99%.   

There were 700 residential condominium units sold in Fairfax County in the 1st quarter 2019, down from 790 units in the previous quarter and also down from 716 units sold during the 1st quarter 2018. The sold price range was $119,000 - $1,075,000 with a median sold price of $279,900.  This is up from a median sold price of $260,950 year-over-year and also up from $270,000 in the previous quarter.  The median sold price as a percentage of the original list price was 99% with a median days-on-market of 28 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 52 single family residential sales in the Fairfax City market for the 1st quarter with a median sold price of $569,950.  This is down from a median sold price of $595,000 with 64 sales in the previous quarter and up year-over-year from a median sold price of $560,000.   The sold price range was $360,000 - $1,155,000 in the 1st quarter with a median days-on-market of 33 days. The median sold price as a percentage of the original list price was 99%.

There were 16 residential condominium unit sales in the 1st quarter.  The sold prices ranged $160,000 - $581,232 with a median sold price of $377,265 . The median days-on-market was 64 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 25 sales of single family residential properties in City of Falls Church for the 1st quarter with a median sold price $799,900 and a sold price range of $458,300 - $1,615,000.  This is down from $894,900 in the previous quarter and up from a median sold price of $737,500 for the same period in 2018.   The median sales-to-list price ratio based on the original list price was 100% in the 1st quarter with a median days-on-market of 34 days.

There were 6 condominium unit sales in Falls Church City with a median sold price of $410,500 and a range of $314,900 - $807,500. The median days-on-market was 43 days and the median sales price as a percentage of the original list price was 98%.

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

Loudoun County Real Estate:

There were a total of 978 single family residential properties sold in the Loudoun County market in the 1st quarter 2019 with a median sold price of $525,000 and a sold price range of $175,000 - $3,750,000. This unchanged from an average sold price of $525,00 with 1,141 units sold in the previous quarter and up from $509,500 with 1,038 units sold year-over-year.   The days-on-market ranged 0 - 475 days with a median DOM of 28 days. The median sold price to original list-price ratio was 100%.     

There were 199 condominium unit sales in the 1st quarter, down from 234 units sold during the same period in 2018.  The median sold price was $318,000, up from $312,500 year-over-year.   The sold price range was $120,000 - $624,000 with a median days-on-market of 26 days. The median sold price as a percentage of the original list price was 99% in the 1st 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 84 single family residential sales in the City of Manassas in the 1st quarter with a sold price range of $138,000 - $517,715. The median sold price was $350,000, up from a median sold price $332,000 in the previous quarter and also up from $310,000 in year-over-year.  The median days-on-market was 53 days in the 1st quarter with a range of 0 - 224 days. The median sold price as a percentage of the original list price was 96%.

There were 31 condominium unit sales in the 1st quarter with a sold price range of $125,000 - $384,990 and a median sold price of $204,900.  This is down from a median sold price of $220,000 in the previous quarter but up from a median sold price of $169,000 for the same period a year earlier.

   Call us for your real estate appraisal needs Manassas City!

Manassas Park City:

There were 44 single family residential sales in Manassas Park City during the 1st quarter.  The sold price range was $199,900 - $535,000. The median sold price was $314,500, virtually unchanged from $315,000 in the previous quarter and up from $295,000 for the same period in 2018. The median days-on-market was 44 days in the 1st quarter and the median sold price as a percentage of the original list price was 97%.

There were 12 condominium unit sales in Manassas Park City with a sold price range of $125,000 - $252,000 and a median sold price of $215,000.   This is down from a median sold price of $225,000 year-over-year.  The sales price to list price ratio was 95% in the 1st quarter with a median days-on-market was 68 days.  

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

Prince William County Real Estate:

There were a total of 1,186 single family residential sales in the Prince William County market in the 1st quarter, down from 1,161 units sold during the same period in 2018. The median sales price was $390,000 with a sold price range of $140,000 - $2,159,729.  This is up from a median sold price of $375,000 in the previous quarter and also up from $380,000 in the 1st quarter 2018. The median days-on-market was 42 days in the 1st quarter.  The median sold price as a percentage of the average original list price was 98%. 

There were 197 condominium unit sales in the Prince William County market in the 1st quarter 2019, up from 169 sold in the 1st quarter 2018.  Sold prices have ranged from a low of $109,000 to a high of $730,000 with an median sold price of $265,000.  This is down from a median sold price of $275,500 in the previous quarter and unchanged from $265,000 for the same period a year earlier.  The median days on market was 33 days in the 1st quarter with a sales-to-list-price ratio of 98%.  

Check out our Prince William County Monthly Market Updates.


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Posted by Erol Sevin on April 23rd, 2019 11:43 AMPost a Comment

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