february 2017 market absorption for northern virginia and washington dc
TRANSCRIPT
Market Absorption Virginia
Market AbsorptionNorthern Virginia & DC
10 Vital Statistics You Must Know
Fairfax Co. Stats YTDTotal listings- 2,144Avg LP- $550,944Avg SP- $538,970LP/ SP- 96.9%DOM- 69Sales YTD- 1,662 (+3.17%)Appreciation/ Depreciation- +5.09%Months of Supply- 1.65Interest Rate- 4.18Source: MRIS, Inc. March 13, 2017
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10 Vital Statistics You Must Know
Prince William Co. Stats YTDTotal listings- 930Avg LP- $363,639Avg SP- $358,940LP/ SP- 97.3%DOM- 59Sales YTD- 807 (+9.35%)Appreciation/ Depreciation- +3.65%Months of Supply- 1.50Interest Rate- 4.18%
Source: MRIS, Inc. March 13, 2017
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10 Vital Statistics You Must Know
Loudoun Co. Stats YTDTotal listings- 1,067Avg LP- $478,466Avg SP- $473,415LP/ SP- 97.6%DOM- 59Sales YTD- 721 (+.70%)Appreciation/ Depreciation- +1.87%Months of Supply- 1.92Interest Rate- 4.18%
Source: MRIS, Inc. March 13, 2017
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Local Market UpdateFebruary 2017
Northern VirginiaAvailableUCAbs Rate< $100,0001042.50$100,000$199,999153901.70$200,000-$299,9992792081.34$300,000-$399,9993092871.08$400,000-$499,9993182871.11$500,000-$599,9993062551.20$600,000-$699,9992852061.38
Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of Alexandria, Fairfax & Falls Church. March 13, 2017
5Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update February 2017
Northern VirginiaAvailableUCAbs Rate$700,000-$799,9992861182.42$800,000-$899,9992401032.12$900,000-$999,999173523.33$1M -$1.49M5021084.65$1.5M -2.49332369.22$2.5 million +1511212.58Overall3,3441,7661.89
Absorption 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 March 13, 2017
6Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
No VA Stats- February Avg. SP- +2.88%
Units Sold- +7.58%
DOM- -16.25% to 67 days
Source: MRIS, Inc. March 13, 2017 Year over year
Local Market UpdateFebruary 2017
Prince WilliamAvailableUCAbs Rate< $100,000100.00$100,000$199,99945371.22$200,000-$299,999166177.94$300,000-$399,9992121581.34$400,000-$499,9991871141.64$500,000-$599,999201752.68$600,000-$699,999106215.05
Source: MRIS, Inc. March 13, 2017
8Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateFebruary 2017
Prince WilliamAvailableUCAbs Rate$700,000-$799,99947223.50$800,000-$899,9992739.00$900,000-$999,9991527.50$1M -$1.49M2446.00$1.5M -2.49500.00$2.5 million +200.00Overall1,0385931.75
Absorption 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. March 13, 2017
9Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market UpdateFebruary 2017
LoudounAvailableUCAbs Rate< $100,000200.00$100,000$199,99922191.16$200,000-$299,9994851.94$300,000-$399,999106134.79$400,000-$499,9991311141.15$500,000-$599,999171752.28$600,000-$699,999230723.19
Source: MRIS, Inc. March 13, 2017
10Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update February 2017
LoudounAvailableUCAbs Rate$700,000-$799,999161384.24$800,000-$899,99997156.47$900,000-$999,9995058.33$1M -$1.49M100812.50$1.5M -2.4953153.00$2.5 million +2700.00Overall1,1985332.25
Absorption 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. March 13, 2017
11Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
No. VACurrentFeb 2016VarAvailable2,9743,378-12%UC Last 30 Days1,8321,739+5%Sold Last 30 Days1,1921,108+8%Absorption Rate1.621.94As of March 13, 2017
12Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax Co.CurrentFeb 2016VarAvailable2,1442,508-15%UC Last 30 Days1,3001,267+3%Sold Last 30 Days846834+1%Absorption Rate1.651.98As of March 13, 2017
13Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Fairfax Co. Stats- FebruaryAvg. SP- +2.88%
Units Sold- +1.44%
DOM- -17.07% to 68 days
Source: MRIS, Inc. March 13, 2017Year over year
14
Local Market Update
Alexandria CityCurrentFeb 2016VarAvailable368351+5%UC Last 30 Days217213+2%Sold Last 30 Days140117+20%Absorption Rate1.701.65As of March 13, 2017
15Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Arlington Co.CurrentFeb 2016VarAvailable408451-10%UC Last 30 Days264226+17%Sold Last 30 Days169133+27%Absorption Rate1.552.00As of March 13, 2017
16Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AnnandaleCurrentFeb 2016VarAvailable6677-14%UC Last 30 Days6249+27%Sold Last 30 Days3134-9%Absorption Rate1.061.57As of March 13, 2017
SELLERS MARKET
17Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
AshburnCurrentFeb 2016VarAvailable215294-27%UC Last 30 Days157144+9%Sold Last 30 Days79103-23%Absorption Rate1.372.04As of March 13, 2017
SELLERS MARKET
18Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BristowCurrentFeb 2016VarAvailable6268-9%UC Last 30 Days4653-13%Sold Last 30 Days3431+10%Absorption Rate1.351.28As of March 13, 2017
SELLERS MARKET
19Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
BurkeCurrentFeb 2016VarAvailable3954-28%UC Last 30 Days5739+46%Sold Last 30 Days3025+25%Absorption Rate.681.38As of March 13, 2017
SELLERS MARKET
20Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CentrevilleCurrentFeb 2016VarAvailable113135-16%UC Last 30 Days10097+3%Sold Last 30 Days6256+11%Absorption Rate1.131.39As of March 13, 2017
SELLERS MARKET
21Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ChantillyCurrentFeb 2016VarAvailable77123-37%UC Last 30 Days6171-14%Sold Last 30 Days5543+28%Absorption Rate1.261.73As of March 13, 2017
SELLERS MARKET
22Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
CliftonCurrentFeb 2016VarAvailable6148+27%UC Last 30 Days2111+91%Sold Last 30 Days79-22%Absorption Rate2.904.36As of March 13, 2017
23Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
FairfaxCurrentFeb 2016VarAvailable209281-26%UC Last 30 Days171160+7%Sold Last 30 Days116106+9%Absorption Rate1.221.76As of March 13, 2017
SELLERS MARKET
24Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Fairfax StationCurrentFeb 2016VarAvailable4647-2%UC Last 30 Days3231+3%Sold Last 30 Days411-64%Absorption Rate1.441.52As of March 13, 2017
25Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
GainesvilleCurrentFeb 2016VarAvailable119132-10%UC Last 30 Days5376-30%Sold Last 30 Days4039+3%Absorption Rate2.251.74As of March 13, 2017
26Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Great FallsCurrentFeb 2016VarAvailable121163-26%UC Last 30 Days2518+39%Sold Last 30 Days1311+18%Absorption Rate4.849.06As of March 13, 2017
27Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HaymarketCurrentFeb 2016VarAvailable115165-30%UC Last 30 Days6041+46%Sold Last 30 Days2625+4%Absorption Rate1.924.02As of March 13, 2017
28Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
HerndonCurrentFeb 2016VarAvailable131154-15%UC Last 30 Days8081-1%Sold Last 30 Days4849-2%Absorption Rate1.641.90As of March 13, 2017
29Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
LeesburgCurrentFeb 2016VarAvailable257340-24%UC Last 30 Days140113+24%Sold Last 30 Days9276+21%Absorption Rate1.843.01As of March 13, 2017
SELLERS MARKET
30Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ManassasCurrentFeb 2016VarAvailable250309-19%UC Last 30 Days191203-6%Sold Last 30 Days119136-13%Absorption Rate1.311.52As of March 13, 2017
SELLERS MARKET
31Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
McLeanCurrentFeb 2016VarAvailable305313-3%UC Last 30 Days7163+13%Sold Last 30 Days6552+25%Absorption Rate4.304.97As of March 13, 2017
32Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
OaktonCurrentFeb 2016VarAvailable7275-4%UC Last 30 Days2830-7%Sold Last 30 Days1417-18%Absorption Rate2.572.50As of March 13, 2017
SELLERS MARKET
33Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
RestonCurrentFeb 2016VarAvailable166189-12%UC Last 30 Days101103-2%Sold Last 30 Days7270+3%Absorption Rate1.641.83As of March 13, 2017
SELLERS MARKET
34Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SpringfieldCurrentFeb 2016VarAvailable97140-31%UC Last 30 Days114121-6%Sold Last 30 Days7279-9%Absorption Rate.851.11As of March 13, 2017
SELLERS MARKET
35Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
SterlingCurrentFeb 2016VarAvailable72115-37%UC Last 30 Days106115-8%Sold Last 30 Days84840%Absorption Rate.681.00As of March 13, 2017
SELLERS MARKET
36Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
ViennaCurrentFeb 2016VarAvailable176187-6%UC Last 30 Days8578+9%Sold Last 30 Days4946+7%Absorption Rate2.072.40As of March 13, 2017
SELLERS MARKET
37Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
10 Vital Statistics You Must Know
Vienna Stats YTDTotal listings- 176Avg LP- $844,819Avg SP- $839,516LP/ SP- 97.2%DOM- 80Sales YTD- 97 (-3.00%)Appreciation/ Depreciation- +24.60%Months of Supply- 2.07Interest Rate- 4.18%
Source: MRIS, Inc. March 13, 2017
38
Local Market Update
WoodbridgeCurrentFeb 2016VarAvailable313408-23%UC Last 30 Days287297-3%Sold Last 30 Days5970-16%Absorption Rate1.091.37As of March 13, 2017
SELLERS MARKET
39Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
DCCurrentFeb 2016VarAvailable1,1761,090+8%UC Last 30 Days797722+10%Sold Last 30 Days541468+16%Absorption Rate1.481.51As of March 13, 2017
SELLERS MARKET
40Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Loudoun Co.CurrentFeb 2016VarAvailable1,0671,371-22%UC Last 30 Days555526+6%Sold Last 30 Days352362-3%Absorption Rate1.922.61As of March 13, 2017
SELLERS MARKET
41Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.
Local Market Update
Prince WilliamCurrentFeb 2016VarAvailable9301,111-16%UC Last 30 Days619662-7%Sold Last 30 Days394382+3%Absorption Rate1.501.68As of March 13, 2017
SELLERS MARKET
42Create your own table to approach the aspects of the marketplace that you consider most relevant and valuable to your associates.
For ideas on what to cover, refer to the tables in the Planning Day Presentation on your Planning Day 2005 CD.
For example, you might discuss the market conditions of different communities or price ranges each week.