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Market Absorption
Virginia
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Local Market UpdateSeptember 2011
Northern Virginia Available UC Abs Rate
< $100,000 22 20 1.10
$100,000–$199,999 229 102 2.24
$200,000-$299,999 591 186 3.18
$300,000-$399,999 827 218 3.79
$400,000-$499,999 694 161 4.31
$500,000-$599,999 597 127 4.70
$600,000-$699,999 410 69 5.94Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. October 17, 2011
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Local Market UpdateSeptember 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 328 44 7.45
$800,000-$899,999 206 22 9.36
$900,000-$999,999 129 19 6.79
$1M -$1.49M 386 33 11.69
$1.5M -2.49 240 13 18.46
$2.5 million + 131 2 65.50
Overall 4,790 1,016 4.71Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. October 17 2011
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No VA Stats
Avg. SP- +7.66%
Units Sold- -7.18%
DOM- +16.98% to 62 days
Source: MRIS, Inc. October 17, 2011
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Local Market UpdateSeptember 2011
PW & Loudoun Available UC Abs Rate
< $100,000 22 8 2.75
$100,000–$199,999 241 149 1.61
$200,000-$299,999 544 199 2.73
$300,000-$399,999 634 149 4.25
$400,000-$499,999 567 87 6.51
$500,000-$599,999 436 40 10.90
$600,000-$699,999 231 21 11.00Source: MRIS, Inc. October 17, 2011
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Local Market UpdateSeptember 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 132 9 14.67
$800,000-$899,999 91 5 18.20
$900,000-$999,999 54 1 54.00
$1M -$1.49M 96 3 32.00
$1.5M -2.49 50 1 50.00
$2.5 million + 37 0 0
Overall 3,135 672 4.66Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. October 17 2011
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Local Market Update
No. VA Current Sept 2010 VarAvailable 4,789 5,470 -12%
UC Last 30 Days 915 1,355 -32%
Sold Last 30 Days 1,334 1,393 -4%
Absorption Rate 5.23 4.03As of October 17, 2011
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Local Market Update
Fairfax Co. Current Sept 2010 VarAvailable 3,462 3,826 -10%
UC Last 30 Days 763 1,013 -25%
Sold Last 30 Days 997 1,052 -5%
Absorption Rate 4.53 3.78As of October 17, 2011
SELLERS
MARKET
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Fairfax Co. Stats
Avg. SP- +9.02%
Units Sold- -8.46%
DOM- +17.75% to 60 days
Source: MRIS, Inc. October 17, 2011
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Local Market Update
Alexandria City Current Sept 2010 VarAvailable 518 746 -31%
UC Last 30 Days 110 122 -10%
Sold Last 30 Days 128 121 +6%
Absorption Rate 4.71 6.11As of October 17, 2011
SELLERS
MARKET
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Local Market Update
Arlington Co. Current Sept 2010 VarAvailable 688 764 -9%
UC Last 30 Days 122 187 -35%
Sold Last 30 Days 183 183 0%
Absorption Rate 5.64 4.08As of October 17, 2011
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Local Market Update
Fairfax Current Sept 2010 VarAvailable 353 581 -39%
UC Last 30 Days 98 157 -38%
Sold Last 30 Days 107 143 -25%
Absorption Rate 3.60 3.70As of October 17, 2011
SELLERS
MARKET
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Local Market Update
Fairfax Station Current Sept 2010 VarAvailable 88 72 +22%
UC Last 30 Days 10 9 +11%
Sold Last 30 Days 17 9 +89%
Absorption Rate 8.8 8.0As of October 17, 2011
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Local Market Update
Clifton Current Sept 2010 VarAvailable 79 73 +8%
UC Last 30 Days 8 8 0%
Sold Last 30 Days 14 20 -30%
Absorption Rate 9.87 9.12As of October 17, 2011
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Local Market Update
Herndon Current Sept 2010 VarAvailable 163 159 +3%
UC Last 30 Days 50 68 -26%
Sold Last 30 Days 61 71 -14%
Absorption Rate 3.26 2.33As of October 17, 2011
SELLERS
MARKET
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Local Market Update
Sterling Current Sept 2010 VarAvailable 212 269 -21%
UC Last 30 Days 62 89 -30%
Sold Last 30 Days 80 91 -12%
Absorption Rate 3.42 3.02As of October 17, 2011
SELLERS
MARKET
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Local Market Update
Vienna/ Oakton Current Sept 2010 VarAvailable 334 369 -9%
UC Last 30 Days 41 73 -44%
Sold Last 30 Days 86 80 +8%
Absorption Rate 8.15 5.05As of October 17, 2011
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Local Market Update
Ashburn Current Sept 2010 VarAvailable 350 347 +1%
UC Last 30 Days 64 94 -32%
Sold Last 30 Days 103 120 -14%
Absorption Rate 5.46 3.69As of October 17, 2011
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Local Market Update
Reston Current Sept 2010 VarAvailable 176 195 -10%
UC Last 30 Days 59 56 +5%
Sold Last 30 Days 80 52 +54%
Absorption Rate 2.98 3.48As of October 17, 2011
SELLERS
MARKET
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Local Market Update
Centreville Current Sept 2010 VarAvailable 173 207 -16%
UC Last 30 Days 48 82 -41%
Sold Last 30 Days 82 83 -1%
Absorption Rate 3.60 2.52As of October 17, 2011
SELLERS
MARKET
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Local Market Update
DC Current Sept 2010 VarAvailable 2,240 2,787 -20%
UC Last 30 Days 372 555 -33%
Sold Last 30 Days 527 501 +5%
Absorption Rate 6.02 5.02As of October 17, 2011
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Local Market Update
Prince William Current Sept 2010 VarAvailable 1,474 1,649 -11%
UC Last 30 Days 406 474 -14%
Sold Last 30 Days 438 512 -14%
Absorption Rate 3.63 3.47As of October 17, 2011
SELLERS
MARKET
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Local Market Update
Loudoun Co. Current Sept 2010 VarAvailable 1,658 1,742 -5%
UC Last 30 Days 265 357 -26%
Sold Last 30 Days 357 422 -15%
Absorption Rate 6.25 4.88As of October 17, 2011
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Local Market Update
GPAAR Current Sept 2010 VarAvailable 1,515 1,396 +9%
UC Last 30 Days 122 169 -28%
Sold Last 30 Days 157 187 -16%
Absorption Rate 12.42 8.26As of October 17, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
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Local Market Update
BRAR Current Sept 2010 VarAvailable 1,102 1,397 -21%
UC Last 30 Days 132 175 -25%
Sold Last 30 Days 153 177 -13%
Absorption Rate 8.34 7.98As of October 17, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
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Local Market Update
FAAR Current Sept 2010 VarAvailable 1,606 2,092 -23%
UC Last 30 Days 315 346 -9%
Sold Last 30 Days 328 360 -9%
Absorption Rate 5.09 6.04As of October 17, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET